Crypto exchange Coinbase has been named as a defendant in a legal complaint brought by NanoLabs — the company behind the digital currency Nano (NANO) — over alleged trademark infringement. In the Feb. 24 filing with the California Northern District Court, NanoLabs alleged Coinbase's Nano Bitcoin futures contract and Nano Ether futures contract products infringe on trademark rights owned by them. It’s also alleged the infringement has caused NanoLabs economic detriment and weakened its brand identity, resulting in “actual damage and irreparable harm." Colin LeMahieu founded the Nano digital currency in 2014; which was originally named RaiBlocks. It was rebranded …

Coinbase Wallet, an in-house wallet service offered by prominent crypto exchange Coinbase, has rolled out browser extension support for Ledger hardware wallets. The Coinbase Wallet extension, available in the Chrome Web Store, is a noncustodial wallet that allows users to store and transact cryptocurrencies and nonfungible tokens (NFT). By adding support for Ledger, Coinbase users can opt to use a physical Ledger device to store the private keys to their wallets offline. Coinbase senior product manager Adam Zadikoff highlighted the development as being a means to providing an additional layer of security and greater peace of mind for users. He …

An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case. The Nano team is after $701,000 in attorney fees and costs as a sanction after a token buyer dropped his proposed class action. On Tuesday, its legal team told a California federal court that some of the claims against them had been “legally baseless,” according to Law360. Token buyer Alec Otto had accused the Nano developers of fraud, violating securities laws and other offenses in connection with the loss of millions of tokens following the …

When Elon Musk’s ‘Bitcoin is bad for the environment’ tweet caused a flash crash of BTC and the majority of altcoins’ prices earlier this week, a handful of digital assets headed in the opposite direction, making huge gains amid the sea of red. Those were the tokens that market themselves as environmentally friendly capitalizing on investors’ immediate instinct that Tesla might be switching to some alternative, eco-friendly cryptocurrency soon. NANO’s moment of unsustainability Among the biggest winners of the day was NANO, a decentralized cryptocurrency that relies on a consensus algorithm similar to proof of stake and that emphasizes its …

After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked Crypto Twitter on Wednesday by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns related to the energy required to mine the top cryptocurrency. As Tesla issued its statement, Bitcoin, Ether (ETH) and a large segment of altcoins sold off sharply, but there were a few projects that found clever ways to capitalize off the mayhem by tweeting about the “green” nature of their networks, which require only a tiny fraction of the energy …

Cardano's ADA token, the fourth-largest cryptocurrency by market capitalization, hit new all-time highs on May 13 as bulls refused to follow the broad market downtrend. ADA wows weary traders Data from Cointelegraph Markets Pro and TradingView confirmed new record highs for ADA/USD on May 13, with the pair touching $1.96. The move is impressive and brings Cardano within inches of the psychologically significant $2 landmark. The altcoin had followed many other large-cap cryptocurrencies higher in previous weeks, but May 13 showed a surprising resilience to volatility, as most tokens fell in line with a reversal in Bitcoin (BTC). With ADA/USD …

A New York judge has thrown out an investor’s proposed class action lawsuit against the development team of altcoin Nano (XRB), according to court documents filed Oct. 22. The lawsuit accused the devs of luring him to trade the coin on a platform that lost hundreds of millions of dollars’ worth of the cryptocurrency. Initially, the lawsuit was filed in April by an American individual, Alex Brola, who reportedly bought $50,000 worth of XRB on Dec. 10, 2017, through Silver Miller law firm. The suit accused Nano’s core team of violating U.S. securities laws by selling unregistered securities and negligently …