Crypto Exchange Coinbase Sued Over Patent Infringement

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Crypto Exchange Coinbase Sued Over Patent Infringement
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Crypto exchange Coinbase is being sued for patent infringement. mikeybellusci reports

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

According to Veritaseum, Coinbase has used the patent for some of its blockchain infrastructure, and the company is seeking at least $350 million in damages.Middleton and Veritaseum in 2019 settled a case with the U.S. Securities and Exchange Commission , paying nearly $9.5 million over charges surrounding the initial coin offering for the company's VERI token.Read more:

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