FBI DISRUPTS VIRTUAL CURRENCY EXCHANGES... - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
Image: cyptoranking.com

Economic Possibilities 1. Unparalleled Security and Reliability FBI DISRUPTS VIRTUAL CURRENCY EXCHANGES...ETH/USD 4-Hour Chart (Source: TradingView) Embargo October 10, 1 PM EST

Exchange Rankings Crypto
Image: cyptoranking.com

Chainlink (LINK) Long-Term Holders Remain Unshaken – Is Price Heading to $8 Next? So whether they'll all be ready at the same time, that is open to question. And I find it almost impossible to believe that they're all at the same level of operational preparedness.What Next For Shiba Inu Price as 1 Trillion SHIB Tokens Hit Crypto Exchanges? What debit card can I use in Turkey?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 On the other hand, a breakdown will likely lead to a 70% fall to $0.00030.

Since then, Bitstamp has been rolling out several XRP-focused products to serve its users. One of these products, as reported earlier, is the 2% APY on XRP lending, launched in August. Over time, the exchange has increased the XRP lending yield to 30 days to serve its customers better.Bitcoin Exchange Binance Announced That It Listed This Altcoin! Now, some $7 million of the funds are at risk of loss, Warbler disclosed. Traders Union ranked ByBit as the Top crypto exchangeAlthough SNX’s price dropped over the past 24 hours, the cryptocurrency was able to record an uptick in its daily trading volume. At press time, CoinMarketCap data indicated that SNX’s daily trading volume was up 72.69%, and stood at $19,511,874 as a result. The ongoing legal showdown between Ripple and the United States Securities and Exchange Commission (SEC) took a significant turn recently with Ripple securing its second consecutive victory, setting the stage for a critical trial scheduled for April 23, 2024.

In light of the growing threat posed by NFT scams, Aman called upon Binance and TrustWallet to develop effective solutions to combat this problem. Ripple’s token shows signs of reciprocating November 2022 behavior. No KYC: How To Buy Bitcoin Anonymously50+ Best Crypto & Bitcoin Gambling Sites in 2023 The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a Sept. 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when it turned out to have a function that allowed anyone to transfer it without the owner’s permission. But supporters claim these losses were not the fault of the developer.$108,000,000 Trade Volume ✅And counting.What comes next…? pic.twitter.com/lpetFqJAkq— Pond Coin (@Pond0x) September 28, 2023

Have an opinion on this story? Share it!