Software giant Oracle sues blockchain startup over similar name-Computerfanfield

Software giant Oracle is suing a blockchain venture capital startup for trademark infringement and “ cybersquatting ,” reports Computer Reseller News .

Oracle, based in Redwood City, California, has alleged CryptoOracle LLC and its owner Louis Kerner purposefully sought to leverage Oracle‘s reputation as an “innovator and leader within the technology industry” when it selected its brand name.

Kerner, who lists himself as a former Goldman Sachs exec on LinkedIn, founded CryptoOracle in 2017. It’s an advisory firm that seeks to assist businesses and entrepreneurs in the blockchain space, and sells tickets to meet-ups and other educational events it apparently organizes.

Oracle, one of the most successful software companies in the world, is mostly famous for its database management offerings. The firm also hosts a range of other services (such as cloud computing for blockchain systems), as well as educational events and conferences.

According to Computer Reseller News, major news outlet CNBC recently interviewed Kerner and featured the CryptoOracle brand in a TV segment, which caught Oracle’s attention.

Oracle had previously tried to settle the dispute out-of-court with a cease-and-desist notice, but Kerner reportedly replied with a filled-in trademark application for the CryptoOracle brand name.

Related court documents reportedly state: “While Oracle would otherwise welcome some of defendants’ endeavors, including events aimed at fostering a community around innovative and curious blockchain-enthusiasts, Oracle cannot tolerate the use of its famous trademark to brand [the] defendants’ business.”

Oracle has requested a federal judge force CryptoOracle to withdraw the trademark application, remove its related branding from all websites, and change its name.

Ominously, the firm’s attorney reportedly claimed Oracle is entitled to take CryptoOracle’s profits, too.

Moonday Mornings: Banks pour $50M into blockchain, Bitcoin gets on CBS’ 60 Minutes

Another weekend, another batch of stories you might’ve missed. Or as we like to put it: welcome back to another edition of Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain stories.

So, without further ado, let’s get into it:

1. Facebook has set up its secretive cryptocurrency and blockchain project, Libra , in Switzerland, Reuters reports. According to Geneva’s commercial register, the social media giant filed the registration papers on May 2, with plans to provide financial and technology services – and also develop hardware and software.

2. Remember the time a shady blockchain startup listed Hollywood A-lister Ryan Gosling as its designer ? Well, another crypto-firm was caught pulling the same shenanigans last week. According to TechCrunch , alleged cryptocurrency exchange service Goxtrade used the photos and names of a number of blockchian influencers on its staff page. The kicker: none of them agreed to it.

3. Banks still want a piece of the blockchain pie. Several of the world’s leading banks – including Barclays, UBS, Banco Santander, HSBC, and Deutsche Bank – have invested $50 million in a blockchain-powered digital cash system, slated to launch in 2020, people familiar with the matter told Reuters .

4. Security researchers warn that almost 40 percent of all Ethereum nodes remain vulnerable to denial-of-service attacks (DDoS) and 51-percent attacks as many machines running the software have yet to be patched (even though a fix was released earlier this year), ZDNet reports.

5. CBS’ 60 Minutes featured a segment on Bitcoin. And although most cryptocurrency enthusiasts expected a whole lot of FUD , Redditors were actually happy with it . Watch the full segment here .

Consider yourself apprised. See ya next week!

Satoshi Nakaboto: ‘Bitcoin price shoots up 5%, nears $8K’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Satoshi Nakamoto used to say: Intelligence is in the eye of the beholder!

Bitcoin price

We closed the day, January 6 2020, at a price of $7,769. That’s a respectable 4.84 percent increase in 24 hours, or $358. It was the highest closing price in forty-six days.

We’re still 61 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $140,976,457,304. It now commands 69 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $23,276,261,598 was the highest in two days, 38 percent above the year’s average, and 48 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 462 tons of gold.

Bitcoin transactions

A total of 299,011 transactions were conducted yesterday, which is 8 percent below the year’s average and 33 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.17. That’s $3.54 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,880 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.1 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $142 Billion, Amgen has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 95.5 percent behind being on track. Bitcoin‘s price should have been $175,776 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 16,540 fresh tweets about Bitcoin were sent out into the world. That’s 9.0 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.