• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$27,219.001.19%
    BITCOIN
    24H : 1.19%
    Volume : $14,767,548,393.00
    Marketcap : $527,991,741,714.00
  • ethereumEthereum(ETH)$1,904.521.90%
    ETHEREUM
    24H : 1.90%
    Volume : $7,128,422,860.00
    Marketcap : $229,119,496,546.00
  • binancecoinBNB(BNB)$307.280.580%
    BNB
    24H : 0.580%
    Volume : $526,265,214.00
    Marketcap : $48,515,790,259.00
  • rippleXRP(XRP)$0.5242.92%
    XRP
    24H : 2.92%
    Volume : $1,155,303,475.00
    Marketcap : $27,294,313,888.00
  • cardanoCardano(ADA)$0.3793.37%
    CARDANO
    24H : 3.37%
    Volume : $218,425,744.00
    Marketcap : $13,278,868,784.00
  • dogecoinDogecoin(DOGE)$0.0731.33%
    DOGECOIN
    24H : 1.33%
    Volume : $226,911,089.00
    Marketcap : $10,152,523,291.00
  • solanaSolana(SOL)$21.303.61%
    SOLANA
    24H : 3.61%
    Volume : $265,825,317.00
    Marketcap : $8,466,204,195.00
  • matic-networkPolygon(MATIC)$0.8991.02%
    POLYGON
    24H : 1.02%
    Volume : $170,431,824.00
    Marketcap : $8,342,884,630.00
  • polkadotPolkadot(DOT)$5.291.39%
    POLKADOT
    24H : 1.39%
    Volume : $122,164,740.00
    Marketcap : $6,547,009,336.00
  • okbOKB(OKB)$46.441.13%
    OKB
    24H : 1.13%
    Volume : $4,606,917.00
    Marketcap : $2,787,634,450.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Veritaseum is suing Coinbase for infringing on the rights on a patent


September 24, 2022 · By Muhammad Awwal
Coinbase

Veritaseum Capital filed a lawsuit against the cryptocurrency exchange on Thursday in the U.S. District Court in Delaware concerning its digital trading technology.

Coinbase Global is being sued by Veritaseum Capital LLC, which claims that the crypto exchange has compromised on a patent awarded to Veritaseum founder Reggie Middleton. 

Veritaseum has charged Coinbase with violating this patent through a number of its services, including its blockchain technology, Coinbase Cloud, Coinbase Pay, Coinbase Wallet, Delegate and Validator, and other technologies. The company is requesting $350 million in damages given the “substantial profits” Coinbase allegedly obtained through its claimed infringement.

Coinbase was “uncooperative” when Veritaseum Capital and Brundidge Stanger sought to resolve the dispute without going to court, according to Carl Brundidge, attorney for Veritaseum Capital. The court document also adds: 

“Defendant makes, uses, sells and/or supports infringing products and services on the Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Solana platforms as well as NFTs for its products and offerings that run on top of and facilitate said platforms.” 

In a 2019 settlement with the U.S. Securities and Exchange Commission (SEC), Middleton and Veritaseum agreed to pay nearly $9.5 million to resolve allegations related to the company’s VERI token initial coin offering (ICO). The company was charged by the SEC with manipulating the token’s price and giving investors false information about prospective profits.

Primary Sidebar

LATEST NEWS

Red Bull Racing Teams Up with Mysten Labs’ Sui Network for Blockchain Revolution

June 1, 2023

Gemini Exchange Set to Bedazzle UAE: Winklevoss Twins Go East

June 1, 2023

Crypto’s Role Overstated in Fentanyl Trade, Despite Warren’s Claims

June 1, 2023

Tether Expands into Renewable Energy-Powered Bitcoin Mining in Uruguay

May 31, 2023

Nansen Cuts 30% Staff Amid Prolonged Crypto Winter, Stresses Strategic Consolidation

May 31, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Binance’s Market Share Plummets After Ending Zero-Fee BTC Trading June 2, 2023
  • Red Bull Racing Teams Up with Mysten Labs’ Sui Network for Blockchain Revolution June 1, 2023
  • Gemini Exchange Set to Bedazzle UAE: Winklevoss Twins Go East June 1, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in