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

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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.

Image courtesy of Richard Patterson via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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