Mt. Gox to Sell Bitcoin Trademark, But Could a Buyer Enforce It?
Tibanne KK, the parent company of the now-bankrupt Japan-based bitcoin exchange Mt. Gox, is currently searching for investors to buy the company's trademark rights to the word "bitcoin". The company first acquired the trademark in 2011, and the rights to associated protections are not set to expire until 2021 in the EU and in 2022 in Japan. However, the potential sale of the bitcoin trademark raises questions over the validity of the "bitcoin" trademark and whether it could be held up in court owing to the word's general usage throughout the digital currency ecosystem. For an expert's....
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A man from London is attempting to trademark the word "Bitcoin" in the United Kingdom. In an application made to the UK's patent office on 5th November, Marvin Dennis of Leyton, East London, is seeking to trademark the term used by Satoshi Nakamoto to describe his cryptocurrency. Published by the Trade Marks Journal on 4th December, the application for the trademark is due to be granted on 6th February 2014 if unopposed. The trademark regards the use of the term with relation to "chocolates and confectionary", so wouldn't have a direct impact on bitcoin's use in the areas of computing or....
South Korea’s central bank has tested purchasing NFTs with their central bank digital currency (CBDC). In this week’s newsletter, read about how trademark applications for nonfungible tokens (NFTs) and the metaverse have grown in the United States. Check out how NFT marketplace OpenSea has launched a tool that can enforce NFT royalties on-chain and how the Chinese city of Wuhan backpedaled on its NFT plans while still pursuing the growth of metaverse economies. In other news, find out how NFTs can turn passive fans into active community members. And don’t forget this week’s Nifty News....
A prominent financial services institution has jumped on the cryptocurrency trademark bandwagon, filing fresh trademark rights for virtual worlds, nonfungible tokens, and more. Mastercard has filed 15 trademark applications for its brand name, the tagline “Priceless,” and its circles logo, all of which allude to metaverse and NFT objectives. This is a significant step for […]
Ripple Labs Inc., issuers of the XRP cryptocurrency, has filed for a new trademark called “Paystring” with the US Patent and Trademark Office (USPTO). The trademark was filed on Nov. 6 and accepted on Friday, according to the USPTO website. Although Ripple did not specify which sort of business will fall under the new product, it is notable that the trademark’s registration description matches that of PayID, a trademark it registered on June 17, word for word. Both the official description for Paystring and PayID read: “[The]…trademark registration is....
Payments giant Visa has filed two trademark applications covering a wide range of cryptocurrency products and services, including its own crypto wallet. The filings also mention crypto transaction management and non-fungible tokens (NFTs). Visa’s New Trademark Applications Visa has filed two trademark applications with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Thursday: Visa has filed 2 trademark applications claiming plans for managing digital, virtual, and cryptocurrency transactions, digital currency +....