Proposed 'Ethereum' Investment Vehicle Sparks Trademark Controversy
The non-profit Ethereum Foundation that holds the trademark for the name 'ethereum' said today it is "addressing" New York-based Grayscale Investments' newly revealed Ethereum (ETC) Investment Trust proposal. A subsidiary of Digital Currency Group (DCG), Grayscale plans for the investment vehicle to provide a means for accredited investors to gain exposure to a publicly traded digital asset called ethereum classic (ETC) by creating an open-ended, titled security. The problem: While there's one trademark, there are two versions of the cryptocurrency network bearing a variation of....
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Barry Silbert, Founder and CEO of the Digital Currency Group, the parent company of Grayscale Investments and Genesis Trading, has caused outrage in the Ethereum community following the launch of a new product, Ethereum (ETC) Investment Trust, abbreviated to EIT, comparable to the Bitcoin Investment Trust (BIT). The new unregulated product uses the twitter handle of EthereumTrust, clearly implying that their service relates to Ethereum, rather than EthereumClassic. A description that is considered by many to be somewhat deceptive with some describing it as outright fraudulent. Barry....
A dispute over a California company’s attempt to trademark Doge has roiled the Internet into a fury of confusion and argument over the move’s implications for the popular Internet meme and its offshoots, such as Dogecoin. The controversy has led one of Dogecoin’s cofounders to leave the cryptocurrency community and another digital currency platform to file an opposition to the trademark application, but little new information about the future of Doge has come out as a result of the backlash. Though Ultra PRO, a California-based sports memorabilia company, announced its intention to....
Digital Currency Group’s Grayscale recently announced the Ethereum (ETC) Investment Trust or EIT. Barry Silbert, CEO and Founder of Digital Currency Group (DCG) is the man behind this effort. On the Grayscale website, the trust’s description reads: “Ethereum (ETC) Investment Trust allows investors to gain exposure to the price movement of Ethereum Classic through the purchase of a titled security.” What’s in a name? The problem seems to be the use of the word “Ethereum” in the name of EIT. While the Ethereum foundation is the trademark holder of Ethereum the brand, the currency has split....
The possible creation of a new investment vehicle is bringing wider attention to the lesser-known digital currency, ether classic. Teased as a forthcoming offering from Digital Currency Group (DCG) subsidiary Grayscale Investments, the investment vehicle (tentatively named the Ethereum (ETC) Investment Trust) would be a first-of-its-kind product offering exposure to the blockchain-based asset. Started as a controversial offshoot of ethereum, a blockchain platform for applications launched in 2014, ethereum classic has strived for legitimacy since it was created last summer, often in the....
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....