Blockchain firm sues Coinbase for $350M alleging patent infringement
The plaintiff, Veritaseum believes that other centralized and decentralized crypto exchanges may have also unlawfully used the patent to facilitate crypto payments, trading, and staking services. Crypto exchange Coinbase has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a patent relating to its blockchain technology — and is now seeking $350 million in damages. According to a lawsuit filed on Thursday by U.S. law firm Brundidge & Stanger in the U.S. District Court in Delaware, Veritaseum alleges that Coinbase....
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Coinbase gets into trouble with another lawsuit of patent infringement, among its other legal issues. A blockchain-based fintech software company in New York, Varitaseum Capital LLC, sued the crypto exchange for infringing its patent transfer technology for several exchange services. Reggie Middleton, the founder of Veritaseum, filed the patent infringement case against Coinbase in Delaware […]
The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.”
Crypto Flare Mitigation Company Crusoe Files a Lawsuit Against the Texas-Based Alkane Midstream
Gas-to-bitcoin flare mitigation company Crusoe Energy filed a lawsuit against the company Alkane Midstream on August 22, 2022. The gas-to-bitcoin infrastructure firm is asking the....
Bitcoin services firm Coinbase has filed nine patent applications with the US Patent and Trademark Office (USPTO). The USPTO - the agency responsible for issuing patents to investors and businesses as well as registering product and intellectual property trademarks - received the submissions on 17th March this year. According to the filings, published this month, Coinbase submitted patent applications for various products including a hot bitcoin wallet, an instant exchange (which the company launched in June), a bitcoin exchange, a bitcoin tipping button alongside two off- and....
The San Francisco-based Bitcoin services Company, Coinbase has filed applications with the US Patent and Trademark Office (USPTO). The company has filled for nine Bitcoin-related applications with the US Patent and Trademark Office. Coinbase is filing for patents for the following applications: Hot wallet for holding Bitcoin. User Private Key Control. Bitcoin Private Key Splitting for Cold Storage. Instant Exchange. Personal Vault. Send Bitcoin to Email Address. Bitcoin Exchange. Tip Button. Off-Blockchain Transactions in combination with On-Blockchain transactions. And it seems that....
The blockchain payments company said it unknowingly owns patents that expired before these were transferred to them. Blockchain payments company Rocketfuel Blockchain is suing its co-founder for allegedly misrepresenting patent applications and defrauding the firm. In a complaint filed with the Central District Court of California, Rocketfuel claimed its co-founder and former treasurer Joseph Page hid the fact that patents he transferred to the company had expired. The company is seeking damages of at least $5.1 million. According to Rocketfuel, Page transferred patent applications to the....