Soon after the Chinese government made an announcement about blockages regarding cryptocurrencies, popular payment platforms WeChat and Alipay have stopped allowing users to make crypto transactions on their platforms. The payment platforms have decided to work in collaboration with government regulators and hence the decision to shun any crypto related...
On April 30, A lawsuit that Alibaba Group Holding, filed a case in the US District Court in Manhattan. where it accuses a Dubai-based company of using its trademark, was rejected. The court Permitted to conduct an initial offer of currency (ICO) under the name of “Alibabacoin”. Court Ruled in...
Multinational e-commerce firm Alibaba Group sued a Dubai-based company Alibabacoin Foundation in New York for “causing confusion using its registered trademark” to raise more than $ 3 million in an Initial Coin Offer referred to as Alibabacoin. The US District Courtroom in Manhattan received the representatives of Alibaba to process the...
