Coinbase vs. Robinhood: Which Should You Choose? - cyptoranking.com

2024-05-02

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Trader Joe's sued a DeFi platform with a similar name for trademark infringement, looking to seize all its profits. / Image by Tada Images, Adobe StockOn October 5, American grocery store chain Trader Joe's filed a federal lawsuit against a decentralized finance (DeFi) platform named Trader Joe. The lawsuit accuses the DeFi platform of trademark infringement and seeks all profits generated by the platform as damages. This lawsuit follows an unsuccessful legal attempt by Trader Joe's in 2022 to close down the platform.The Accusations in the LawsuitAccording to the lawsuit, Trader Joe's alleges that the DeFi platform did not seek permission to use the grocery store's name. "Defendants neither sought nor received Trader Joe’s permission to name their platform after Trader Joe’s,” the lawsuit states. The grocery chain had previously sent cease-and-desist letters to the platform but received no response.The DeFi platform known as Trader Joe was launched in 2021 by an anonymous team. It operates on the Avalanche blockchain and initially started as a fork of SushiSwap. Liquidity providers who deposit funds into Trader Joe earn supply-side fees from traders.The lawsuit by Trader Joe's also delves into branding issues. It claims that the DeFi platform’s employees use aliases within the company and that its use of the "Trader Joe" name helps it benefit commercially from the grocery chain's well-known trademark and broader reputation. “Obscuring their identities both from outsiders and each other in day-to-day business dealings evidences an intent to avoid detection, subvert legal process, and operate free of legal consequence,” the lawsuit says.Past Legal Encounters and New DevelopmentsLast year, Trader Joe's filed a complaint with the United Nations' World Intellectual Property Organization (WIPO), accusing the DeFi platform of capitalizing on the grocery chain's name. However, the defense from Cheng Chieh Liu, a co-founder of the Trader Joe DeFi platform, was successful, and the case was dismissed. Liu argued that the platform was actually named after his brother, Joe Liu.This defense seemed to work until a Substack newsletter from cryptofish, another co-founder of the DeFi platform, stated, “With no name for the DEX yet, [we] just named it Trader Joe, after the supermarket.” This revelation led to the new lawsuit filed in the United States District Court Central District of California. Lawyers for Trader Joe's claim the defendants concocted a false story about the platform’s name, stating, “Those representations were false, and Defendants knew of their falsity.”The lawsuit not only seeks all profits from the DeFi platform but also insists that all affiliated websites be immediately seized and the platform be permanently shut down. Former OpenSea Executive Entangled in AnubisDAO Rug Pull Allegations Read more: Arbitrum DAO looking to bet $40M on network protocols Coinbase vs. Robinhood: Which Should You Choose?General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.DOGE, SHIB, and PEPE Hit 7-Day Lows Amid Market Uncertainty Staking is a process where investors grow their portfolios by locking their assets for a specified duration instead of selling them. It is used by most blockchains, especially the ones that employ Proof-of-Stake (PoS) mechanism, with users earning rewards as an incentive for committing their tokens. For most long-term cryptocurrency holders, staking is a strategy to make passive income from your assets, putting them to work in exchange for reward generation.

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The SEC's case against Ripple revolves around whether XRP, Ripple's digital asset, should be classed as a security. According to the SEC, Ripple engaged in an illegal securities offering by selling XRP to investors without registering the tokens as securities or requesting an exemption from registration. Additionally, the NAPP has banned miners from mining “anonymous” cryptocurrencies, or those referred to as working based on anonymity and hiding transactions. The authority was referring to privacy-focused cryptocurrencies like Monero (XMR), which allow users to obfuscate network transactions. What Is the Best Cryptocurrency Wallet in 2023?Decentralized infrastructure network provider Nodle is working with the likes of Adobe and the Linux Foundation to use blockchain technology to prove the authenticity of real-world content captured by devices.In correspondence with Cointelegraph, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit (SDK) for its ContentSign solution that will look to prove the integrity of data from its moment of capture using blockchain.Nodle is bringing ContentSign to the Content Authenticity Initiative, a project led by Adobe and the Linux Foundation, to create a future standard for media attestation.Related: Blockchain IoT firm Nodle goes open source with Web3 Bluetooth ‘nanocomputer’ stickerAs Cointelegraph previously explored, its main offering is a network leveraging smartphone Bluetooth connectivity to rent computing power, storage and the Bluetooth capability of devices to broaden the footprint of Internet of Things networks.A visualization of Nodle’s ContentSign solution capturing a real-world image that its data cryptographically signed and published on a blockchain. Source: NodleKinsman says ContentSign is set to form part of this puzzle to prove that a physical camera or device has captured a specific piece of visual media and its corresponding metadata:“The way this is done is by having a stamp that proves that a genuine camera has captured the video, the video has been signed by the private key only known by this camera, and a footprint of this video has been published to a blockchain.”The technology could prove useful for a myriad of use cases, including journalism. As Kinsman explains hypothetically, a journalist can capture video or picture of a breaking news event using a camera embedded with ContentSign technology:“As the video is recorded, ContentSign ensures it is stamped and signed with a unique private key exclusive to that specific camera.”The footprint of the video is then minted as a nonfungible token on the Nodle blockchain. The signature validates that the content originates from a genuine source and hasn’t been manipulated or artificially generated.Kinsman adds that the current iteration has the service emulated on a mobile phone through ContentSign’s SDK but future implementations could mirror technology found in cryptocurrency hardware wallets: “In the future, the camera will embed a secure element, similar to what you can find on a Ledger hardware wallet.”Blockchain solutions similar to ContentSign could prove crucial as artificial intelligence (AI)-generated content grows, driving the need for solutions distinguishing between authentic and fabricated content.“Blockchains, with their inherent characteristics of decentralization, transparency, censorship resistance and immutability, provide an essential framework to anchor authenticity.”Kinsman says that ContentSign is being directly explored as a solution for the insurance sector to process claims with accuracy and integrity. ContentSign will ensure that submitted visual proof for insurance claims is genuine and has not been tampered with or generated by AI.Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report Five teams walked away with prizes from the Neo APAC GAS Station that took place on Sep. 9 and 10 in Singapore. The GAS Stations were in-person events in five regional cities that hosted workshops and hacking sessions.

A positive funding rate means longs are paying shorts a funding fee to keep their contracts open. Conversely, a negative funding rate implies that short positions are dominant. Based on Coinglasss’ data, CHZ’s weighted funding rate was 0.001%. Additionally, analysts at Bernstein noted that stablecoins have led tokenization opportunities with payments adoption. What is the fastest and cheapest crypto?Arbitrum DAO members have until Thursday, Oct. 12 to vote on the proposals. The final sum of the grant requests was around 100 million Arbitrum (ARB), worth around $88 million at current market prices, according to a dashboard from Inspex. The DAO allocated 50 million ARB to the incentives program, so tiebreakers will go to projects whose proposals pass with the largest number of yes votes. Although these companies have started developing blockchain games, CoinGecko noted Krafton as the trailblazer. According to CoinGeko’s report, Krafton is set to soft launch its blockchain game in December 2023, ahead of a full release between January and July 2024.

Yellow Duckies benefits from the robust blockchain technology of Yellow Network, which provides constant updates and developments. This ensures the token remains technologically advanced and up-to-date. Binance Transfers Funds Back to Corporate Treasury Top Bitcoin Mining Startups in 2023Downside Break in ETH? I figured out why Elon wants to get rid of the interaction buttons. He's going to make it impossible to report or reply to 'premium' ads or put community notes on them and doesn't want to make it visibly obvious in your feed or you'll learn to ignore them.

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