Veritaseum Capital Accuses Coinbase’s Infringing Patent

Veritaseum Capital – a crypto firm accused some of Coinbase’s services that infringed an awarded patent relevant to the settlement between this company with the US securities regulators in 2019.

On Thursday, this company filed the lawsuit in Delaware federal court, claiming that Coinbase’s blockchain validation technologies have infringed the patent. Accordingly, Coinbase has to compensate at least $350 million from Veritaseum. Until Friday, Coinbase has not given any responses to this accusation.

In 2019, Veritaseum Capital issued VERI. Also this year, Middleton and two Veritaseum entities had to pay more than $9.4 million to SEC due to the sanction of a “fraudulent scheme” that have been issued in two previous years. The SEC found that Middleton and his company Veritaseum Capital had misled investors and pumped the price of this token.

Middleton made an effort to argue that they didn’t have any intention of making fraudulent statements. All tests are intended to improve the new online crypto exchange.

On Thursday, Veritaseum accused some Coinbase facilities such as its website, Mobile App, Wallet services, and other validation technologies are patent Infringement that this company had registered to process digital transactions. Carl Brundidge of Brundidge Stanger – the Veritaseum Capital attorney stated that Coinbase had been uncooperative with the settlement.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Ken

CoinCu News