Crypto firm’s $350m patent suit could just be the start

12-01-2023

Sarah Speight

Crypto firm’s $350m patent suit could just be the start

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As the fallout from FTX reverberates, the cryptocurrency market is seeing its first lawsuits over patented trading tech, finds Sarah Speight.

As 2022 came to a close, one of the first litigation cases over cryptocurrency technology was heard in a Texas court.

The dispute sees US-based crypto company Veritaseum Capital suing cryptocurrency provider Circle Internet Financial for allegedly infringing its patented digital currency trading technology.

Veritaseum’s software enables blockchain-based, peer-to-peer capital market transactions such as crypto payments, trading or “staking” (a method of earning rewards for holding certain cryptocurrencies).


patents, cryptocurrency, technology

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