#Alibabacoin News

Trademark Lawsuit Filed by Alibaba over Dubai Firm’s ‘Alibabacoin’

Alibaba Loses Petition Against Dubai Based Cryptocurrency Firm ‘Alibabacoin’

May 3, 2018 by Rahul Nambiampurath at Altcoins, Business, Commentary

A district judge in the United States of America has rejected Chinese e-commerce giant Alibaba’s request to grant an injunction against Dubai based Alibabacoin for using a deceptive name. Judge Paul Oetken in Manhattan ruled that a lack of proper reasoning provided by Alibaba about how Alibabacoin was deceptive led...

Alibaba’s Subsidiary Taobao Bans Crypto Businesses

April 15, 2018 by Shaurya Malwa at Altcoins, Business, Finance, News

After the recent tiff involving ‘Alibabacoin’ and e-commerce giant Alibaba, wherein the latter sued Alibabacoin for misuse of their name, Taobao, a subsidiary of Alibaba, has banned all things crypto on its website. Taobao Bars Crypto Services Taobao has updated its list of goods and services that are barred from...