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Alibabacoin now belongs to Alibaba Group Holding Limited, China

It was an inevitable ending to the rumors and speculations about the two companies both using the name Alibaba. These two companies namely Alibaba Group and Alibabacoin Foundation which now calls themselves ABBC Foundation has gone through a series of battles regarding the rights for Alibabacoin. Last year, a new company based in Belarus and … Continue reading Alibabacoin now belongs to Alibaba Group Holding Limited, China The post Alibabacoin now belongs to Alibaba Group Holding Limited, China appeared first on CoinSpectator Blog.
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Alibaba Group Takes Control of Alibabacoin

CoinSpeaker Alibaba Group Takes Control of AlibabacoinThe Chinese conglomerate finally came out victorious over the dispute that went on for a long time against the cryptocurrency startup that is based in Dubai, United Arab Emirates and Belarus, Minsk.The trademark battle has been going on since the Alibabacoin Foundation which is now called ABBC Foundation made the coin called Alibabacoin and proceeded to raise money through an ICO that was made available worldwide. Now, as published in many new sources worldwide, it seems that the two companies finally made a statement regarding a settlement.From the settlement published by many popular cryptocurrency websites, it seems that finally, there is a conclusion regarding the lawsuit. Details were not disclosed because of the confidentiality, but from the statement, it is clear that the two companies reached a “worldwide settlement” regarding the use of Alibabacoin trademark.Now, ABBC Foundation is not allowed to use it. It looks like the rumors that were going around before during the trademark scuffle may be getting some form of resolution and clarity.Late last year, there were many articles coming out that mentioned the possibility of a merger and the smaller cryptocurrency startup. ICO Boom wrote before that “Alibabacoin, the Dubai-based blockchain startup, is poised to be acquired by Alibaba Group, the company behind the digital marketplace Alibaba.” They added that ABBC Foundation, the company behind Alibabacoin, may have offered to be bought out by Alibaba Group.Furthermore, ABBC Foundation was able to create a unique selling proposition of using facial recognition technology to further increase the security of cryptocurrency payment process. In their business plans, they mentioned that they are planning to use their coin as a payment solution in many online shopping malls worldwide.As the crypto startup continued to flourish and develop their coin which is now called ABBC Coin, there have been many questions concerning the possibility of ABBC Foundation being absorbed by the bigger company Alibaba Holding Group.From the results of the settlement, it shows that this possibility has a high probability of working out for both parties involved because Alibaba Holding Group has a really huge sphere of influence worldwide.Alibaba Group Takes Control of Alibabacoin
Coinspeaker

“AlibabaCoin” Has Fallen Under Alibaba Group China’s Control

E-commerce has grown tremendously over recent years, and it will continue to grow in years to come. A lot of people are relying on to buy products online because it is more efficient and could be done in the comfort of their home. The innovative release of cryptocurrencies is going to have a significant impact on this industry. One of the most persistent and blooming digital currencies at the moment is the Alibabacoin. Created by a Belarus and Dubai-based crypto firm, the Alibabacoin is known to be on the rise after breaking the $100 million market capitalization value on February 2019. The sudden growth of the coin’s potential troubled the Chinese e-commerce giant, Alibaba Group Holding Ltd. This caused the long-running legal battle fought between these two digital companies within the United States setting. A few days ago, Reuter’s has published a report stating that the ABBC Foundation (former Alibabacoin Foundation) and China’s Alibaba group has finally reached a worldwide settlement. Despite winning the preliminary injunction, ABBC Foundation has given the “Alibabacoin” jurisdiction to Alibaba. Now, the coin is widely-accepted as ABBC Coin. Based on a recent interview with Alibaba Group China’s vice president, the company is considering the implementation of blockchain in its supply chain. This might be related to a published report by the World Trade Organization saying that blockchain applications could be highly-effective to several industries including finance and logistics.   The fact that Alibaba Group owns the biggest online shopping in the world makes people more certain that the benefits of using the Alibabacoin will be in their favor. This will simplify the shopping process and reduce transaction fees. With this venture, their online retail industry could grow even more. For sure, the e-commerce and crypto industries would result in a huge transformation in the financial sector. This trend will continue and the future of the Alibabacoin may perhaps depend on online platforms designed to make business smoother for both buyers and sellers, such as Alibaba Group China’s company. Despite the volatile nature of the crypto market, ABBC coin’s standing also remains to be strong. It is among the top 40 cryptocurrencies by market capitalization, as seen in the Coin Market Cap rankings. The post “AlibabaCoin” Has Fallen Under Alibaba Group China’s Control appeared first on ZyCrypto.
ZyCrypto

Alibaba Group and ABBC Foundation reach worldwide settlement for Alibabacoin trademark

It has been a back and forth round of events since the initial dissention between Alibaba Group Holdings and ABBC Foundation regarding the ownership of the Alibabacoin trademark. It all began when the Belarus-based startup raised money through an initial coin offering [ICO] of Alibabacoin. Upon learning about this matter, Alibaba Group filed a case in the U.S. District Court in Manhattan. After a long dispute over trademarks, ABBC Foundation and Alibaba Group China issue an announcement. The following statement down was released today. “Alibaba Group Holdings Ltd. [Alibaba] and ABBC Blockchain IT Solutions LLC [ABBC)] today announced that they had reached a worldwide settlement of claims involving the use of the name ALIBABACOIN, with ABBC agreeing not to use trademarks that include the term ALIBABA worldwide. ABBC regrets any public confusion that may have arisen from its former use of ALIBABACOIN.” For those who are not familiar, ABBC Foundation is a cryptocurrency startup project located in Belarus and Dubai. They are the team that developed the ABBC Coin. ABBC’s highlight is its proposed facial recognition technology. Their plan is to use “facial password” in daily transactions-coupled with its application of blockchain. ABBC is currently listed in major exchanges and entered Top 30 in the Coinmarketcap. The post Alibaba Group and ABBC Foundation reach worldwide settlement for Alibabacoin trademark appeared first on AMBCrypto.
AMBCrypto

Settlement Discussions Have Taken Place Between Alibaba Group and Alibabacoin (ABBC Foundation)

Settlement Discussions Have Taken Place Between Alibaba Group and Alibabacoin; Both Entities to Stop Legal Proceedings before a United States Magistrate JudgeAs the one-year mark of Alibaba Group Holding Ltd’s crusade to stop ABBC Foundation from using Alibaba in its name approaches, it appears on the surface that the two are making significant progress in ending the legal battle. The past year has been a rollercoaster ride of U.S. District Judges overturning rulings and temporary injunctions. You don’t often see a startup that’s raised $3.5mil take on one of the largest conglemarates in the world toe-to-toe — especially in arguably one of the most respected courts in the world: the New York Southern District Court, where they do not play around.There’s been a lot of speculation and misinformation posted on sites as to what could be the cause of the sudden surge in price. Unsubstantiated rumors of a potential acquisition, old stories and judicial decisions made months ago, to even pump and dump groups that are manipulating the market. However — being in this industry long enough, I know that these rumors and outdated sources can not be the cause of the 400% increase in token value in just the past month alone. Let’s not forget that we are still struggling to break out of the longest crypto-bear market in history.Something is definitely brewing between the two entities, and there is undoubtedly a handful of people stocking up on ABBC even managing to reach the top 30 in market capitalization for a brief moment (at the time of this writing, the project is hovering around the top 40 mark). Our company, Lunar Digital Assets, is constantly watching the market for anomalies, and yes, ABBC is absolutely an anomaly that people should keep a very close eye on. I find it very peculiar that Alibaba has agreed to forego proceedings before a U.S. Judge in one of the toughest courts in America. The outcome, in my opinion, weighed heavily in favor for the Alibaba Group.The next few months should definitely be interesting — or it could be nothing. Only time will tell, but from experience when digital assets begin moving like this, a major announcement is on the horizon.Settlement Discussions Have Taken Place Between Alibaba Group and Alibabacoin (ABBC Foundation) was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Ruling on XRP’s status as a security unlikely until late 2020

Disclaimer: These summaries are provided for educational purposes only by Stephen Palley. They are not legal advice. These are our opinions only, aren’t authorized by any past, present or future client or employer. Also we might change our minds. We contain multitudes. A consolidated class action in federal court in Oakland may one day lead a court to rule on (1) whether Ripple violated U.S. Securities laws by creating the XRP token and (2) whether XRP is a security. That day will not be in 2019, judging from a scheduling order entered by the Court on March 18. The Order sets forth a schedule for roughly the next twelve months. Here's what's going to happen: By March 20, Plaintiffs will publish a notice under federal law that verifies that they read the complaint, authorized its filing, didn't buy XRP in oder to become plaintiffs, and a number of other things that are set forth in the Private Securities Litigation Reform Act (a law that was passed purportedly to prevent abuses class action practice. [related id=1]In 60 days, any member of the "purported class" can ask the court to be appointed as lead plaintiff and to approve selection of their counsel. This is a big deal from a financial standpoint for the lawyers, because the class lead will almost certainly earn more if there's a favorable result. As a result, you will see some litigation over this in about two months (we had a taste of that in the Tezos class action litigation, if you've followed that case). 45 days after the Court chooses the lead plaintiff, they will file a new complaint, which will replace all of the other complaints that the different plaintiffs filed. (As a reminder, this particular lawsuit consolidates or brings together a bunch of separately filed suits against Ripple). 45 days after the new complaint is filed, Defendants have to respond. Instead of answering, it is a virtual guarantee that they will file motions to dismiss. The parties will have 30 days to reply to the motion. All of the cases are ordered consolidated for pretrial purposes, which means that depositions, written discovery and motions will all be handled in this one case by this particular judge. If we build in time for the Court to rule and for some potential delay in the class rep designation process, it's possible that the Court will rule on Motions to Dismiss by the end of this year. It's also possible that this will role into next year. It's a dicey proposition to speculate on motions that haven't been filed yet, but if we assume that the motion to dismiss is denied -- which is usually the case if a Complaint is reasonably well pleaded -- we'd probably see an answer on file in early 2020. Discovery, class certification motions, and dispositive motions will likely take place in 2020 and 2021. It's possible that when the Court rules on the likely Motion to Dismiss we will see an indication as to whether or not the Court thinks a security is at issue, but Motions to Dismiss generally speaking don't address the merits of a case -- they assume that the facts stated are true for purposes of ruling, and will only look at whether or not a viable claim was pleaded. In short, I wouldn't expect to see a ruling on XRP's status as a security until late 2020 at the earliest.
The Block Crypto

IOTA / USD Technical Analysis: Game Changer

IOTA is bullish in the short-term, with the cryptocurrency trading well above its 200-period moving average The medium-term outlook remains bearish for the IOTA / USD pair, with the cryptocurrency still trading below its 200-day moving average Both time frames show potential inverted head and shoulders patterns building IOTA / USD Short-term price analysis In the short-term, IOTA has a bullish trading bias, with the cryptocurrency trading well above its 200-period moving average of the four-hour time frame. The four-hour time frame shows multiple inverted head and shoulders patterns, with price trading close to the neckline of the bullish patterns. If an upside breakout does occur, the larger bullish pattern’s overall bullish objective will likely be the November 15th trading high from last year.     IOTA / USD H4 Chart                                                                         (Source: TradingvView)     Pattern Watch Traders should note the target of the smaller bullish inverted head and shoulders pattern on the four-hour time frame will likely be the current 2019 trading high. MACD Indicator The MACD indicator on the four-hour time frame remains bullish, with the MACD signal line crossing higher. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although downside pressures are building. IOTA / USD Medium-term price analysis IOTA remains bearish in the medium-term, with the cryptocurrency still unable to move above its key 200-day moving average. The daily time frame clearly shows two potential inverted head and shoulders patterns that could start to take shape over the medium-term. The upside projection of the smaller inverted head and shoulders pattern would take the IOTA / USD pair towards levels not seen since October 2018. Technical indicators on the daily time frame remain bullish and continue to signal further gains ahead.     IOTA / USD Daily Chart                                                 (Source: TradingView)     Pattern Watch It is worth noting that the IOTA / USD pair’s 200-day moving average is located just below the neckline of the smaller inverted head and shoulders pattern. MACD Indicator The MACD indicator on the daily time frame is bullish and generating a buy signal. Relative Strength Index The RSI indicator is bullish on the daily time frame, although it is starting to correct lower. Conclusion The presence of multiple inverted head and shoulders patterns on the four-hour time frame highlights that the IOTA / USD pair has scope to trade much higher over the short-term. A sustained technical breakout above IOTA’s 200-day moving average would be a game changer for the cryptocurrency over the medium-term, although caution is advised until a bullish breakout is confirmed.   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IOTA(IOT) Price $0.310 Market Cap$862,262,752.00 #ccpw-ticker-24524 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24524 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24524 a.tabperiods.tabperiods_active, #ccpw-ticker-24524 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24524 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24524 .coin-container:after, .ccpw-container_four #ccpw-ticker-24524 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!   Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post IOTA / USD Technical Analysis: Game Changer appeared first on Crypto Briefing.
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During Second Half of 2018, Vitalik Buterin Cashed Out $40 Million in Ethereum (ETH)

With so many prominent figures in the cryptocurrency world, it should come as no surprise that a deep dive into the history of these influencers arises every now and then. Alex Sunnarborg, who is a founding partner of the Tetra Capital crypto hedge fund, decided to dig into the historical account data of Vitalik Buterin. […]
Bitcoin Exchange Guide

Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration

As a means of encouraging wider use, Payments and banking services app Zeux has integrated IOTA (MIOTA) for crypto payments in stores for retailers in a collaboration with IOTA Foundation. This is to be fully available in a few weeks time according to an announcement by the Zeux team on Medium. According to founder and co-chairman of IOTA Foundation David Sønstebø, this partnership is a major step for the company that will make IOTA use more convenient. “This partnership with Zeux will provide a significant convenience benefit for IOTA ecosystem. We are very excited about this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’ Speaking on the partnership, Founder and CEO of Zeux Frank Zhou said it is an avenue to increase the adoption of the digital asset and is just the first step to giving IOTA users more financial freedom. Meanwhile, IOTA has gained over 5% since the announcement of its integration with Zeux. this is an indication of the potential adoption this cryptocurrency stands to gain as a result of the integration which will bring it to thousands if not millions of users worldwide. Zeux is an app of the UK origin that provides payment services. The app is to be launched in April and made available in Europe within the year and America in 2020. Its integration of IOTA is a win-win as the CEO described IOTA’s Tangle as an ideal platform for them to build their customer data Dapp. Tangle is a specialized distributed ledger technology that is specifically meant for the internet of things, which the IOTA Foundation’s primary mission is to support. Apart from fee-less real-time payments, the Tangle is also an open-source protocol that facilitates secure data transfer and the collection and dissemination of sensor-based and other data. Zeux mission is to bring crypto as well as fiat micropayments to retail stores around the world through facilitating fee-less real-time payment as well as enabling integration of banking and investment services with it in one, making it a convenient way to do everything with funds without going out of the app. The post Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration appeared first on ZyCrypto.
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