În septembrie 22, blockchain-based fintech software company in New York, Varitaseum Capital LLC, a intentat un proces împotriva schimb de criptomonede Coinbase (NASDAQ: COIN).
According to the Delaware suit, Coinbase violated Veritaseum Capital 566 Patent. In essence, the patent represents Veritaseum’s cryptocurrency payment and transfer technology, allegedly used in Coinbase’s Pay, Cloud service, wallet, website, and app.
Apparently, an out-of-court settlement was attempted, and with Coinbase unresponsive, the filed suit will target damages of $350 million. Factual allegation point 16. Claims:
“Defendant had prior knowledge, should have known, or at least been willfully blind of the ‘566 Patent’. Defendant has been on notice of the ‘566 Patent’ at least as early as July 3, 2022, if not earlier from other sources or parties.”
Furthermore, Coinbase will be forced to stop using the patented technology in its services.
Graficul și analiza COIN
COIN shares dropped over 8% since September 22 as the markets digested the news; in addition, the world’s largest crypto, Bitcoin (BTC), has also seen drawdowns which could have affected price action in COIN.
Over the last month, the shares have been comercial într-o gamă largă de la 59.43 USD la 84.58 USD, rămânând sub toate medii mobile. Analiza tehnica arată o linie de suport la 61.87 USD și a rezistenţă zonă de la 71.81 USD la 74.29 USD.
Analiștii TipRanks evaluează acțiunile drept „cumpărare moderată”, prețul mediu în următoarele 12 luni ajungând la 96.50 USD, 55.95% mai mare than the current trading price of $61.88. Equally important, out of 17 Wall Street analysts covering the firm, 8 have a buy rating, seven a hold, and two a sell rating.
This is not the first time Coinbase has been involved in a lawsuit. On August 31, numerous investors filed a tribunal de acțiune where allegedly the firm made false and misleading statements regarding its business, operations, and compliance policies.
Moreover, Coinbase has also been rocked by acuzații de tranzacționare a informațiilor privilegiate; therefore, investors looking to stay on the sidelines on this stock could be proved right after the lawsuits enter a more mature phase and more details become apparent on potential misconduct by Coinbase.
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Source: https://finbold.com/coinbase-coin-stock-slumps-as-the-firm-sued-for-patent-infringement/