The New York Federal Court denied the motion to dismiss the ruling in the trademark infringement action by cryptocurrency wallet and exchange operator Blockchain.com against fintech startup Paymium and its CEO Pierre Noizat over the use of domain “blockchain.io”. According to the court documents published on Aug. 7, the lawsuit, originally filed by Blockchain.com in September 2018, claimed that Paymium and its Blockchain.io platform not only infringed on the trademark, but also were involved in alleged unfair competition and false advertising. Blockchain versus Blockchain In February 2019, Paymium moved a motion “to dismiss the amended complaint for failure to state …

An upcoming cryptocurrency exchange is aiming to become a leading player in Europe by 2020 — listing cryptocurrency altcoins as well as helping startups to get their Initial Coin Offerings off the ground. Blockchain.io says it will keep exhaustive accounting records that are regularly audited — and give peace of mind to customers by making extensive efforts to comply with the regulations in their jurisdiction, along with international laws. In the long run, it hopes this will help prevent scenarios where customers’ assets are seized or frozen by government officials. The exchange claims it offers “reliable infrastructure” that will be …

The latest version of California's “BitLicense” adds new reporting requirements to licensed businesses, Coinbase expands its services to Singapore, and more top stories for September 3. Proposed California Bitcoin Bill Adds New Reporting Requirements The latest version of the AB-1326 bill, dubbed ‘California's BitLicense,’ includes a passage that would add new reporting requirements to licensed businesses beyond existing annual and quarterly financial audits. The bill reads: “Each licensee shall file an annual report with the commissioner, on or before the 15th day of March, providing the relevant information that the commissioner reasonably requires concerning the business and operations conducted by …