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?
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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.
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