Connect with us

Bitcoin

If Satoshi Nakamoto Didn’t Register Bitcoin (BTC) as a Trademark, Who Did?

Published

on

Bitcoin

Bitcoin, as the first and the original coin representing a prototype of a blockchain-based digital asset that has set all standards for the future coins that came after BTC several years later, seems to be registered as a trademark. That is no wonder as all teams have registered their ICOs while branding their ledgers, assets, and platforms in order to make the rights to these assets visible to the eye of the public. Now, Bitcoin has been a long-term favorite of many crypto enthusiasts and programmers, however, the person who registered Bitcoin seems to have nothing in common with the blockchain industry or Bitcoin.

Who Registered Bitcoin?

Everything started out when a merchant on the well-known online shop, called Etsy, was notified that he will be pursuit by the law in case he continues to sell t-shirts with the name Bitcoin on it.

The merchant got a letter that stated that IP-Holdings will be legally pursuing him in the following period unless the merchant doesn’t pull the t-shirts out of the sale on Etsy. The t-shirts were being sold to Bitcoin fans and had Bitcoin logo and name on it.

It seems that the mentioned merchant did have to stop with his offer on Etsy as IP-Holdings, which is a London-based company that doesn’t have anything to do with Bitcoin, has registered Bitcoin as their trademark and branded the coin as the original property of IP-Holdings.

One is for certain and that is that whoever stands behind the IP-Holdings, can’t possibly be the father of Bitcoin, Satoshi Nakamoto, who should be the only rightful owner of the first digital coin ever to be issued.

However, it is a commonly known case that no one knows who Satoshi Nakamoto is, and those who might hold some information are keeping their silence for 10 years already.

So, it is less likely that we are going to find out who stands behind this alias any time soon.

But, as Satoshi Nakamoto is nowhere to be found, and has no interest in branding his own creation, it seems that anyone could have done that instead of them.

IP-Holdings seem to be one of the rare companies that made it in this devour.

That means that the brand of Bitcoin is now an official trademark of IP-Holdings, in accordance with the information found at the British Intellectual Property Office.

There you can find the information that Bitcoin is registered under the number UK00003279106, which means that the name of Bitcoin officially belongs to the London-based IP-Holdings.

Whether the company is lawfully entitled to trademark this brand despite the acceptance from the British Intellectual Property Office, still remains to be discovered.

Before this company has successfully registered Bitcoin as their own trademark in December 2017, two more companies, one based in London and the other in Russia, tried to list Bitcoin as their trademark back in 2015, but have failed in doing so, since their request was denied.

So, why IP-Holdings stand for the first company ever that has made it with successfully registering Bitcoin as their trademark?

The Bitcoin Foundation replied to this case that they believe that the name of Bitcoin shouldn’t be owned by anyone, which is in the spirit of the decentralized nature of this digital asset.

Regardless of their opinion, IP-Holdings are sending letters to anyone using the brand of Bitcoin, threatening with lawsuits and claiming their rights.

It does make you mad unless of course, you have anything to do with IP-Holdings.

How is Bitcoin doing at the Current Moment?

Bitcoin seems to be hitting low for the past couple of days, especially now when we can see it falling below the price of 7.500$ per one unit, which is probably the lowest of BTC we have seen in a while.

Still ranked as the top coin according to the global coin ranking list, BTC is currently dropping due to the most recent market trend, while it is trading in the red.

Following the latest change in the market, Bitcoin can be traded at the price of 7.152$ per one unit, which is obviously still far from its all-time high of over 20.000$ per one unit, which also marked the golden period for this crypto.

Now, for a reason still unknown, we can see it falling far below its all-time high while the dropping is interrupted only with an occasional bounce off that doesn’t last more than 24 hours as per the usual case in the last couple of weeks.

Do you believe Bitcoin will be able to retain its old glory when it comes to its price in the market and the market demand?

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Richard Patterson via Flickr

Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

Published

on

Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

Continue Reading

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

Continue Reading

Bitcoin

Wisebitcoin Launches Professional-Grade Crypto Exchange

Published

on

Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

Continue Reading

Press Release