Alibaba wins copyright case against cryptocurrency knock-off

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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https://ift.tt/2RaWNN3 Matthew Beedham October 24, 2018 at 06:00AM