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Tag: Alibabacoin
Alibaba Loses Petition Against Dubai Based Cryptocurrency Firm ‘Alibabacoin’
Category: 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 to his ruling against the Chinese technology giant. The verdict…
Alibaba’s Subsidiary Taobao Bans Crypto Businesses
Category: 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 being sold on their platform, and it includes all services…
