Multimillion Dollar Legal Battle Over The Ownership Of Bitcoin Heats Up
The multimillion-dollar legal battle over bitcoin ownership has escalated, with two rival firms claiming to be the real owners, even as a New York court ordered both parties to submit to arbitration.
The dispute dates back to 2014, when two companies involved in efforts to create a new digital currency called Mastercoin launched what they say is a new organization called Omni. Mastercoin was one such institution, but Mastercoin was soon renamed Omni and became its own entity.
Omni hired some of the top developers from companies like Coinbase, Bitstamp, and Kraken to create their own version of bitcoin called Omni. But now it appears one of those developers has left the company and filed a lawsuit against the company for allegedly misappropriating their work on Omni's blockchain technology.
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.