Are you kidding me right now?

SmartSelect_20200323153052_Brave.jpg

https://www.hiveblockchain.com/

So you're telling me there is already a company named HIVE and they are a blockchain oriented business since 2017 and the folks that forked steem into Hive.io did not see that as a potential problem?

You'd think crypto folks would know about (and practice) due diligence.

SmartSelect_20200323153631_Brave.jpg

Here is a passage from this Yahoo Finance article https://finance.yahoo.com/news/hive-blockchain-requests-cease-desist-133000751.html

HIVE was the first publicly listed blockchain infrastructure company and provides a pure play blockchain investment for the capital markets. The Company is a growth oriented, publicly-listed company building a bridge from the blockchain sector to traditional capital markets by providing shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. Since 2017, HIVE has owned digital currency mining facilities which produce newly minted digital currencies like Ethereum and Ethereum Classic. The Company has also mined other digital currencies in the past including Bitcoin as well as other crypto-coins. The Company was one of the earliest ways for investors to gain exposure to businesses in this space.

Here is a coindesk article too https://www.coindesk.com/steem-fork-faces-legal-threat-from-mining-firm-over-hive-name

Seems like a major misstep by Hive.io and it's really too bad because it felt like a win for our blogging community until I read that news. Now I just feel like a fool.

SmartSelect_20200323154934_Brave.jpg

H2
H3
H4
3 columns
2 columns
1 column
Join the conversation now
Logo
Center