Oracle Software Giant Sues Crypto Startup ‘CryptoOracle’ For Trademark Breach

The practice of adding popular brand names to the name of a startup is a method used to attract clients to a business. The blockchain industry has seen this practice several times over with startups adding popular words such as Bitcoin and Blockchain to their names in a bid to lure customers. Some startups even use parts of popular companies’ names for the same purposes.

CryptoOracle has taken to Court

One blockchain startup, CryptoOracle, has been sued by the software giant, Oracle, for cybersquatting and trademark infringement. The lawsuit claims that CryptoOracle LLC used Oracle’s brand name in a bid to ride on the popularity of the software giant. Cybersquatting is the practice of using an internet domain name in bad faith with the intention of profiting from the goodwill built by another brand or trademark.

CryptoOracle was founded by Louis Kerner in 2017. The blockchain startup is a cryptocurrency advisory firm which serves other blockchain startups and entrepreneurs in the industry. The company sells tickets to events they host at which those interested in blockchain businesses can get the information they need and meet with other players in the crypto space.

Oracle is one of the biggest software firms, and it is famously known for the Java software. They also provide a range of services such as database management and cloud services. Oracle hosts many conferences and educational seminars for different software categories and topics.

Before the lawsuit, a cease and desist order had been issued to Kerner and his brand as Oracle sought to settle the matter out of court. CryptoOracle responded with a filled-in trademark application for their brand name. Oracle said that they could not allow the use of their brand name in the defendant’s business.

A request to force CryptoOracle to change its brand name and withdraw the trademark application has been placed before a federal judge. Oracle’s attorney reportedly said that his client might be entitled to the profits CryptoOracle made during the time they’ve been using the name.

Oracle and Blockchain

Oracle has plans to move into the crypto business through its Oracle Blockchain Platform, and this may be another reason behind the lawsuit. If another company with a similar brand name already exists in the crypto space, it might cause confusion among customers because it is easy to mistake one for the other. Such confusion could cost Oracle some business and the software giant is trying to avoid that.

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Author: Ali Raza

Taking A Look At The Biggest Crypto Hedge Funds and How They are Boosting Bitcoin Adoption

Hedge funds are one of the most popular choices for risk-averse investors and rely on the fund’s visionary founder and teams of analysts to guide their money in the right direction. Bitcoin remains a small percentage of the hedge fund industry, but even the oldest and most established funds can see what’s coming.

PWC estimates that there are 150 active crypto hedge funds collectively managing US$1bn AuM (excluding crypto index funds and crypto venture capital funds). More than 60% of these funds have less than US$10m in AuM with fewer than 10% managing over US$50m. 36% of funds surveyed use or can use leverage and 74% can take short positions. Of the funds surveyed, 44% pursue discretionary strategies, 37% quant and 19% fundamental. Crypto hedge funds tend to be domiciled in the same jurisdictions as traditional hedge funds.

At present, there are two kinds of cryptocurrency hedge funds. Those that manage portfolios containing exclusively cryptocurrency, and those that have added some cryptocurrency to a mix of other asset types.

The Largest Crypto Hedge Funds:

Let us take a look at the biggest crypto hedge funds in the ecosystem.

Grayscale Investments:

Digital Currency Group was launched in 2015 by Barry Silbert. He began investing in bitcoin companies in 2013. First, as an angel investor; providing funding for many of the earliest companies including Coinbase, BitPay, and Ripple. Established in 2013, Grayscale is a digital currency investing firm. Grayscale also manages the Grayscale Bitcoin Investment Trust (GBTC), which was the first publicly quoted securities solely invested in, and deriving value from, the price of bitcoin when it launched.

Polychain Capital:

Polychain Capital manages the world’s premier blockchain asset hedge fund. They are committed to exceptional returns for investors through actively managed portfolios of these blockchain assets. It is one of the biggest in the sector, gaining almost 150 per cent between launch in November 2017 and the end of that year. They believe society will restructure around blockchain-based incentive systems, and accelerate this future by allocating funds toward breakthrough technologies and technical teams building these ecosystems.

Galaxy Digital:

Galaxy Digital as a full service, digital assets merchant bank, with distinct trading, asset management, and principal investment. The company saw its assets under management (AUM) shrink from an erstwhile $1 billion high to $591.5 million in Q4 2018. Galaxy Digital Ventures manages a diverse portfolio of early-stage investments primarily centered around blockchain infrastructure, custody, exchanges, ecosystems, and business to business (B2B) software solutions.

Andreesson Horowitz:

They are a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The firm has made 27 publicly-disclosed crypto investments through its main fund and its dedicated crypto fund. They launched a $300 million venture fund dedicated to investing in “crypto companies and protocols” in June 2018. They are optimistic in Bitcoin software because we are deep believers in the power of software. Software is simply the encoding of human thought, and as such has an almost unbounded design space.

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Author: Sritanshu Sinha

PIVX And 200 Other Proof of Stake Blockchains May Be Vulnerable, Lunar Digital Assets Affirms

It seems that PIVX, a popular private transactions crypto, may be vulnerable to attacks together with 200 other chains. According to a recent report made by Lunar Digital Assets, there is a vulnerability of the system that can be currently exploited. Every chain using PIVX or its variants is possible to be attacked this way.

Basically, the attacker could exploit this specific vulnerability in order to get impossibly high staking rewards using the proof of stake system of the network.

This is not the first that this vulnerability is exploited. As soon as the PIVX devs found out about it, they rushed to fix the issue. However, another developer, BitGreen, has noticed that the problem was being exploited once more. Someone has probably figured how to undo the progress made by the team and started to use the exploit.

As soon as the developers discovered it, they notified all related companies of the bug and now PIVX is working once more to solve it and stop the attacks.

People Are Accusing the PIVX Team

The situation got heated recently after some people started to claim that the PIVX team might be behind the attacks. According to critics, the team knew of the bug and did nothing about it or failed to fix it properly.

Some others criticized the team for not having a timely response for the problem and simply standing still while the problem was still out there. This led some critics to theorize whether people from the company were exploiting the bug for money and used this inside source in a malicious way.

At the moment, the PIVX team has not explained publicly why the problem was not fixed months ago.

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Author: Bitcoin Exchange Guide News Team

Altcoin Trader Survey Appoints that Ethereum Will Hit $1,000 ETH/USD Again

Nik Patel, the author of An Altcoin Trader’s Handbook, a popular book on trading altcoins, has recently started a survey with his followers. The result is that most of the crypto community believes that Ethereum (ETH) will be able to reach $1,000 USD once again.

According to the survey, 54% of the respondents believe that the price will be reached again, while others are not so sure. Ethereum is currently the second-largest crypto in the market and it is only behind Bitcoin (BTC). Since the bear market, though, Ethereum has been growing a lot less than Bitcoin and it got left behind.

At the moment, you can buy Ether for just over $200 USD, but the all-time high of the tokens was $1,400 USD, considerably higher than now. Bitcoin has already recovered over half of its all-time high while ETH is struggling to go up again.

Crypto Twitter, however, believes that the dominance of BTC, which is around 70% now, will go down again and that altcoins will see growth once more.

Not everybody is so optimistic, though. A big portion of the investors, 34%, does not believe that ETH will reach $1,000 USD again.

What will happen is really hard to predict. There is an obvious trend in which most altcoins are losing their market value, with only a few exceptions such as Binance Coin (BNB) being able to grow even more than Bitcoin, but there is hope.

Ethereum, specifically, is set to receive upgrades soon that will possibly turn it into a much more useful technology and this can certainly be a sort of catalyst for prices to go up.

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Author: Gabriel Machado

Ethereum Classic (ETC) Dev Affirms That a Change of Name Would Get Other Cryptos “Rekt”

Would Ethereum Classic (ETC) be more popular if it removed Ethereum from its name? A developer seems to think so. Stevan Lohja, one of the devs from the ETC team, has recently affirmed on social media that other altcoins with a higher market value would be “rekt” if ETC decided to change its name.

The name Ethereum Classic was created after the hard fork in which some ETH users decided not to change the protocol after the DAO scandal back in 2016. The association with Ethereum, however, seems to be a problem for the token now.

Because of this, some people have started to affirm that the Ethereum name should be completely removed and that a rebrand is needed. Yaz Khoury, the director of the ETC Cooperate, agrees with that. He affirms that he has “always advocated” for the token to change its name because it needs a proper identity.

The best opportunity to discuss this further would be at the ETC Classic Summit, which is already set to happen in Vancouver, Canada, on October 3 to 4.

Names are important. It was proved that cryptos with three-letter symbols which are easier to remember will tend to fare better and that companies that associate their business with Bitcoin or blockchain tend to get more profits.

Because of this, a rebrand might be the way to go forward. At the moment. ETC is the 21st token by market cap, so the name change might not put into the Top 10 tokens as the developers seem to believe, but it may bring some important freshness to the brand.

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Author: Daniel W

Bitcoin Investor Files Class Action Lawsuit Worth $22.5M Against Israeli Bank

  • Contrary to popular belief, the unknown investor who is suing Hapoalim is not Ross Gross.
  • Gross is a Bitcoin investor who was earlier denied service by Hapoalim because of his association with various crypto ventures.

As per an all-new report released by a media outlet called BlockTV yesterday, an investor (whose identity is not known at this time) has issued a lawsuit against Israeli bank Hapoalim (worth approximately $22.5 million). The reason for this legal action is that the bank apparently refused to allow the investor to deposit his BTC profits into his account. Additionally, according to the above linked report, the investor also plans on suing a number of other Israeli banks on the same grounds.

As things stand, most Israeli banks do not wish to be associated with any crypto related activities (primarily because they are afraid that they might be subject to regulatory scrutiny later down the line).

Lior Lahav — who is serving as the lawyer for the disgruntled investor — believes that just because a bank is scared of government scrutiny does not allow them to refuse service to a person who has dabbled in crypto trading.

According to Lahav, there currently exist a total of 70k investors across Israel who are facing similar problems with their banks. Not only that, he also believes that banking institutions are obliged under the law to accept money from their clients — especially if the person has undergone all of the required due diligence processes.

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Author: Shiraz J

Truffle Is Set To Release Development Tools For 3 New Networks; Hyperledger, Tezos, R3’s Corda

ConsenSys-Backed-Truffle-Is-Set-To-Release-Development-Tools-For-Three-New-Networks

Truffle, a popular company that creates dev tools for Ethereum and was backed by the Ethereum accelerator ConsenSys has decided to branch out. Now, the company will no longer be limited to releasing tools for ETH developers.

According to the new announcement made by the company, three new blockchain networks are set to receive development kits as well. The CEO of the company, Tim Coulter, has decided to make the official announcement on TruffleCon, an important conference in Seattle that is focused on the products of the company.

Coulter affirmed that Hyperledger Fabric, R3’s Corda and Tezos will all receive development tools soon and that Ethereum will cease to be the only focus of the group.

Truffle’s vice president and head of global strategies Wesley McVay also present at the conference. He affirmed that they were proud to celebrate again. Last year, they announced that the company had just been able to reach a total of one million downloads. This year, they were proud to announce the new integrations of the product.

If Ethereum was all about open-source development, now the focus of the company may vary a bit. Both Corda and Hyperledger Fabric are very important blockchains which are focused on enterprises.

These platforms were created by big consortiums which were focused on catering to a new market: companies seeking to offer blockchain-related products. They are backed by giants of the technology such as IBM and have a completely different focus than Ethereum.

Tezos, on the other hand, is somewhat more similar to what Truffle was offering with ETH. Tezos is a public blockchain network that currently has a market cap of around one billion dollars. Major companies are developing on top of the technology, which also makes it another interesting choice for developers.

Integration Is The Future

According to Brian Behlendorf, the executive director of Hyperledger, Truffle is making an important advancement for communities which used to be divided before. According to him, by releasing this set of tools for developers, the communities that will be helped by Truffle will be ready for better integration.

He also affirmed that this can be seen as a huge step for compatibility and interoperability between the different protocols. This can bring better smart contracts to the market and ultimately benefit both the Hyperledger and Ethereum developers at the same time.

Truffle’s representatives have also spoken about interoperability as one of the goals of the company. With over 3.4 downloads of its Ethereum-based project, the company is set to grow a lot more by integrating different technologies.

According to the company, the goal for the future is to let developers use their tools to start developing for whatever network they want and then integrate their protocols.

Integration seems, in fact, to be the trend of the future. A recent gaming project called Blockade Games has just started to create a bridge between the Bitcoin Lightning Network and Ethereum, for instance, and it seems that this is just the start. More and more projects are bound to be integrated in the near future, connecting what were once very distinct and unrelated projects.

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Author: Gabriel Machado

Lolli To Add Lending Product And Maybe Even Issue Credit Cards

Lolli To Add Lending Product And Maybe Even Issue Credit Cards

A popular crypto e-commerce platform called Lolli is said to be creating a lending platform. The news was first reported by The Block Crypto, which interviewed the CEO of the company, Alex Adelman, during an episode of The Block’s The Scoop program.

The CEO of the company affirmed that lending was a very important industry and that it was important to understand Bitcoin, too. He affirmed that if the company doesn’t do it, other companies will, so it a matter of doing it first because there is definitely a market for this right now.

According to him, not only a lending platform is in the works, but the company also may be issuing its own credit cards in the future, too.

The idea is to be able to serve some needs which are currently not being met by most of the popular alternatives that people have in the market. However, before Lolli is able to start working with credit cards, there is still much work to be done first.

Lolli Will Have a New Mobile App

Lolli has also recently announced on its Twitter that it is rolling out a new mobile app in order to let its customers access its services from anywhere. The company has promised that the app will be focused on privacy and security, too, so the users can be protected when using it.

The first step for the launch of this app is to increase the number of clients that the company has. There are several initiatives being done to ensure that so that the launch will occur without issues.

In case you do not know Lolli, the platform allows the company’s users to get BTC rewards. By using the app, the users are said to be able to earn BTC on daily purchases for services such as coffee, food, etc.

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Author: Gabriel Machado

Bitcoin is the Most Popular Crypto on Coinbase But Not with the Longest HODLing Period

Bitcoin-Is-One-Of-The-Most-Profitable-Assets-In-History
  • Bitcoin, the most popular crypto-asset on Coinbase followed by Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH)
  • Litecoin tops with the highest holding period while XRP, XLM, and EOS as the lowest
  • The leading cryptocurrency is the most popular digital currency on the cryptocurrency exchange, according to the new Coinbase Popularity stats.

Bitcoin is followed by the second largest cryptocurrency Ethereum (ETH) and then Litecoin (LTC) and Bitcoin Cash (BCH).

Coinbase has a limited number of cryptocurrencies listed on its platform, though lately, it has started adding more crypto assets. The top four most popular cryptos are the oldest ones that have been listed on the exchange for over a year now unlike other cryptos.

The third largest cryptocurrency XRP is one such latest addition that is the fifth most popular digital currency on the US-based exchange. Stellar (XLM) and 0x (ZRX), BAT, ETC, EOS, ZEC, LINK, DAI, and USDC can be further spotted on the list in this order.

Litecoin Tops While XLM And XRP Has The Lowest Holding Period

When it comes to the crypto asset that has the longest HODL period, it’s not Bitcoin.

The flagship cryptocurrency’s median holding time is 85 days, at the fifth spot, which could be due to its volatility. It is also the crypto asset that has the highest value, currently trading at $10,700.

According to the Typical Hold Time stats, Litecoin is at the top of this list with 119 days. Interestingly, Litecoin has already pumped 229 percent YTD and LTC reward halving is just around the corner, 15 days away to be exact, that will cut down its supply.

Historically, reward halving has been a bullish event for the Bitcoin price.

Litecoin is followed by 0x (ZRX), Ethereum, and Ethereum Classic whose holding periods are 108, 101, and 99 days respectively.

EOS with 6 days, XLM 19 days and XRP with 33 days have the least number of holding days that could be attributed to their poor performance this year.

XLM and XRP have registered negative YTD returns, being the only ones among the top 40 coins in the loss in 2019.

However, stablecoins have much lower holding period, while DAI has 1 day, USDC has been held only for 4 days. This could be because stablecoins are used for mostly arbitrage on a fiat exchange. Also to transfer funds to other exchanges and to use DeFi.

As economist and trader Alex Kruger puts it, “Why hold stable coins in Coinbase when one can hold fiat, which is FDIC insured.”

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Author: AnTy

Electrum Wallet Gets Cozy with Bitcoin’s Lightning Network, Can Now Send LN Payments Directly

Electrum Wallet Gets Cozy with Bitcoin's Lightning Network, Can Now Send LN Payments Directly

Electrum Wallet, a popular wallet service, has recently announced to the world that it would start to support the Bitcoin Lightning Network. The founder of the company, Thomas Voegtlin, talked to the crypto media during a blockchain in Odessa, Ukraine, and affirmed that the launch of this new feature is very close now.

According to the CEO, the work to implement the Lightning Network on the project has been going on for a year now. After a year in a separate development, the company has finally reached the point in which they were able to merge the development with their main branch.

The launch is set to happen until the end of the current month, so the next release to be out will probably have the support the LN support.

However, there is a main difference in the implementation that will be used. Electrum will use its own implementation of the LN network, not one of the existing clients. This, the CEO believes, will give the users more control over their funds.

He also affirmed that the new product is set to be similar to Eclair, a Lightning Network-based wallet that uses the Electrum servers to work.

Electrum is one of the oldest BTC wallets in the market and this will prove to be a major upgrade in speed and reliability.

About the Lightning Network

The Bitcoin LN is a layer 2 scaling solution that is used to make the payments using Bitcoin faster. It does off-chain payments, so they are able to go through even when the network is too clogged.

Unfortunately, the project was very buggy at release at the beginning of the last year, which harmed adoption a bit right from the start and draw criticism from communities such as the Bitcoin Cash (BCH) community, one of the main competitors against Bitcoin Core (the original BTC).

Since the end of last year, however, the Lightning Network has evolved a lot and stabilized most of its issues. With the help of the Lightning Torch initiative, in which several people passed forward transactions, the awareness about the project was raised even more. Even figures such as Jack Dorsey have talked about it during the promotional initiative.

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Author: Gabriel Machado