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Cryptocurrency traders are shifting from stablecoins to Bitcoin

Oct24
by on October 24, 2018 at 10:51 am
Posted In: Around the Web, cryptocurrency, Hard Fork


The second half of 2018 has seen Dollar-pegged cryptocurrencies (stablecoins) flood the market, but recent data suggests that Bitcoin might become the one true stablecoin. The latest report from blockchain research group Diar shows while Tether still accounts for an overwhelming majority of the total stablecoin volume, cryptocurrency traders are actually starting to exchange with Bitcoin directly, rather than use new, regulated alternatives. The graph below shows the overall trading volume of Tether markets is getting smaller, but the activity of Bitcoin markets has increased between 8 and 10 percent on cryptocurrency exchange OKEx, one of the largest in the world. A similar…

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Alibaba wins copyright case against cryptocurrency knock-off

Oct24
by on October 24, 2018 at 10:46 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The Chinese internet shopping Goliath, Alibaba, has overcome its previous struggles to win a trademark infringement case against a cryptocurrency that was blatantly sponging off its recognizable name. Alibaba has won a preliminary injunction against Alibabacoin Foundation (ABBC) for trademark infringement, MarketWatch reports. Despite the obvious likeness in the names of the two corporations, they are not affiliated in anyway. Earlier in the year Alibaba was unsuccessful in filing a lawsuit against ABBC. The case was denied by judges on the grounds that US district courts did not have jurisdiction over ABBC – which claims to be based in Dubai…

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