Blockchain, fake giveaway, giveaway scams, Ripple, Ripple Labs, ripple lawsuit, Ripple Youtube, XRP, XRP Scams, YouTube, Youtube Ripple

Ripple and Youtube had ended a legal battle initiated in April last year amid allegations related to crypto-related scams. The U.S. blockchain company sued the video platform for negligence in acting against crypto scams that impersonated Ripple.

Terms of the Resolution Are Confidential

During a Twitter thread, Ripple’s CEO Brad Garlinghouse announced both parties have now “come to a resolution to work together to prevent, detect and take down†XRP scams streamed on Youtube.

Garlinghouse clarified terms of the settlement are confidential, as the blockchain firm revealed no major details. He added:

Ripple’s anger against Youtube woke up on April 2020, when the firm filed a lawsuit against the video platform, accusing them of not doing enough to remove crypto-related giveaway scams.

With the legal action, the blockchain company wanted Youtube to take enough measures to protect its users from such scams. At that time, XRP fake giveaway promotions were out of control on the platform, with some scammers promising returns up to 5 million XRP or about $930,000.

Court Granted Youtube Motion to Dismiss Ripple’s Trademark Suit

Garlinghouse was vocal on the matter, revealing some examples of scammers impersonating him on several fake giveaways. He also said:

Afterward, in November 2020, the Northern District of California granted Youtube’s motion to dismiss a complaint filed by Ripple Labs on an alleged trademark infringement.

Ripple claimed that the video platform allowed scammers to violate the trademark rights of the company and its CEO.

What do you think about Ripple ending the legal dispute with Youtube? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Oracle Service API3 Partners With the Open Banking Project, Plans to Connect 400 Banking APIs to Blockchain

On Monday, the oracle provider API3 announced a ten-year partnership with the Open Bank Project in order to connect more than 400 banking APIs to blockchain smart contracts using API3’s Airnode. The collaboration between API3 and the Open Bank Project aims to bridge conventional banking with blockchains and Web 3.0 applications. API3 DAO Partners With […]

Xem chi tiết: Oracle Service API3 Partners With the Open Banking Project, Plans to Connect 400 Banking APIs to Blockchain

Société Générale Launches Blockchain-Based Structured Product

French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into Its Ecosystem In its latest milestone in the blockchain arena, French multinational bank Société Générale has issued its very first structured […]

Xem chi tiết: Société Générale Launches Blockchain-Based Structured Product

MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a New Chairman President Joe Biden’s pick to lead the U.S. Securities […]

Xem chi tiết: MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

Kenyan Fintech Startup to Use Stablecoins to Transfer Universal Basic Income Payments to African Refugees

Kotani Pay, a Kenya based digital currency on and off-ramp service provider, has entered into an agreement wherein it will enable the transfer of universal basic income (UBI) payments to African refugees. Working in conjunction with the Refugee Integration Organisation (RIO) and Impact Market, the fintech start-up, which uses the Celo blockchain, will use its […]

Xem chi tiết: Kenyan Fintech Startup to Use Stablecoins to Transfer Universal Basic Income Payments to African Refugees

Maximizing TPS: Smartbch Developer Explains Project’s Potential, Metamask Capabilities Seen in the Wild

During the first week of April, Bitcoin.com News reported on the sidechain project Smart Bitcoin Cash Project (Smartbch), as the community has been very excited about this new venture. Smartbch aims to connect Ethereum’s EVM and Web3 APIs to a smart sidechain built using the Bitcoin Cash network. On April 7, 2021, Smartbch’s lead developer […]

Xem chi tiết: Maximizing TPS: Smartbch Developer Explains Project’s Potential, Metamask Capabilities Seen in the Wild

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Bitcoin bull and billionaire investor Mike Novogratz has warned about cryptocurrency market volatility in a recent interview stemming from the Barron’s and Marketwatch’s “Investing in Crypto†virtual event series. In general and over the long term, Novogratz is bullish about bitcoin and companies like Coinbase remaining prosperous. Novogratz Warns of a Crypto Market ‘Washout’ Shares […]

Xem chi tiết: ‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Bitcoin bull and billionaire investor Mike Novogratz has warned about cryptocurrency market volatility in a recent interview stemming from the Barron’s and Marketwatch’s “Investing in Crypto†virtual event series. In general and over the long term, Novogratz is bullish about bitcoin and companies like Coinbase remaining prosperous. Novogratz Warns of a Crypto Market ‘Washout’ Shares […]

Xem chi tiết: ‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Maximizing TPS: Smartbch Developer Explains Project’s Potential, Metamask Capabilities Seen in the Wild

During the first week of April, Bitcoin.com News reported on the sidechain project Smart Bitcoin Cash Project (Smartbch), as the community has been very excited about this new venture. Smartbch aims to connect Ethereum’s EVM and Web3 APIs to a smart sidechain built using the Bitcoin Cash network. On April 7, 2021, Smartbch’s lead developer […]

Xem chi tiết: Maximizing TPS: Smartbch Developer Explains Project’s Potential, Metamask Capabilities Seen in the Wild

MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

Poker Prospers in Blockchain’s Promising Landscape

The Most Viewed Crypto Videos: Ethereum Captured More Views on Youtube in 12 Months Than Bitcoin

SEC v Ripple: Court Denies SEC’s Request for Personal Financial Records Not Connected to XRP

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

Petition Calls on New SEC Chairman to Drop Ripple Lawsuit and ‘End War on XRP’

Ripple Wins Discovery: Judge Grants Access to SEC Internal Records on Bitcoin, Ether, XRP

The Most Viewed Crypto Videos: Ethereum Captured More Views on Youtube in 12 Months Than Bitcoin