Crypto Wallet Provider Alleges Has Intentionally Created Brand Confusion

  •, a crypto wallet provider and block explorer, has alleged that is deliberately creating brand confusion.
  • Using a simlar website color theme and design, users are reportedly being misled into thinking Blockchain is launching an ICO., a cryptocurrency wallet provider and popular block explorer, has alleged in a complaint filed in US federal court that a company called is “confusing consumers into thinking they are Blockchain.” In a detailed blog post published on September 20th, has accused of intentionally using a “similar domain name”, “similar logo” and “similar colors.”

"Repurposing" Taglines, a company suspected of being run by the now defunct crypto firm “Paymium”, has also been accused by of “repurposing” the digital asset wallet provider’s tagline: “connecting the world to crypto.”’s blog post alleges that has “repurposed” their tagline by using a thesaurus “to come up with”: “your gateway to the internet of value.”

Because of these similarities, has reportedly been contacted by people who have visited The crypto wallet provider has said they have been asked if they’re getting ready to do an initial coin offering (ICO) - presumably because customers might be thinking may be a startup that is planning to launch.

"Misleading Tactics" has  stated in its blog post that it is not looking to raise funds at this time through an ICO, nor any other type of public offering. Commenting further on the confusion that has been created, noted that it has “inspected”’s social media accounts and found that “many people had assumed was Blockchain.”

In addition to alleging that has purposely created brand confusion, has warned that Paymium used to offer a crypto wallet service called “InstaWallet”, which was reportedly hacked in 2013. According to several threads posted on, Paymium closed its claims process soon after claiming they were hacked.

This left “many of its users with substantial financial losses” and “fueled concerns that the company had run away with people’s money”, Blockchain wrote in its blog post. The crypto wallet provider also claims that “in an attempt to hide this from its users, Paymium just rebranded to”

"Serious Concerns" also has the same CEO (Pierre Noizat) as Paymium and Blockchain has warned that Paymium is set to launch an ICO - which has raised “serious concerns about how they are representing their offer.”

Blockchain further alleges that is “claiming to raise money to offer some technologies that don’t actually exist.” The company has also claimed that its ICO has been registered with the US Securities and Exchange Commission (SEC), however, there’s “no registration statement in place for the offering”, according to Blockchain.

The cryptocurrency wallet service explains that because Paymium’s ICO is not registered with the SEC, its users will not “be able to trade the token publicly as Paymium led them to believe.” Response

Responding to the allegations in a statement, said:

“Paymium, that has been successfully operating a BTC/EUR exchange since 2013 and serving 170,000 customers, is currently closing its private ICO to accelerate the rollout of The public sale for this complementary cryptocurrency exchange service will start on September 27. 

The domain name was registered by Paymium way back in April 2012 (, and the project launch was publicly advertised in the press months ago. 3 days before the beginning of the sale, and a few weeks away from the official release of our platform, it thus comes as no surprise that we are challenged by some potential competitors, for obvious reasons. We condemn this approach that surely doesn’t comply with the crypto-community values. 

Moreover, disputes the accusation of making false and misleading statements. What is at stake is, at first, the protection of our name, our reputation, and our loyal investors and customers. For these reasons, our lawyers will answer point by point the claims that have been made.

As for our ICO, we already provided early investors with the alpha version of our platform that is ready to be launched right after the public sale in November. The name is the legal property of Paymium and the public sale will start as planned on September 27.”

Ripple’s Success as a Payment Company May Not Benefit XRP, Says Pompliano

Michael LaVere
  • Morgan Creek Digital co-founder Anthony "Pomp" Pompliano is a strong supporter of Ripple as a payment protocol company. 
  • Pomp remains unconvinced whether Ripple's success will ultimately benefit XRP as an asset for investment. 

Morgan Creek Digital co-founder Anthony “Pomp” Pompliano believes that Ripple’s success as a payment protocol may not benefit XRP in the long run. 

Speaking on the latest episode of The Pomp Podcast, Pompliano outlined his reasons for being a fan of Ripple. According to Pomp, Ripple excels as a blockchain-based payment company that has managed to forge relationships with banks and financial services across the globe. 

However, Pompliano remains unconvinced of whether Ripple’s overall success will translate into benefits for XRP. 

He said,

What I don’t understand, and I think where I choose to not engage on the XRP side, is I don’t understand why people are buying it, speculating on future price movements.

Pomp explained that he saw the advantages of using XRP in the Ripple ecosystem, but was skeptical of the cryptoasset for investment. 

He said,

To me, if Ripple is successful, that doesn’t mean XRP has to be successful.

Pomp continued, saying that if you separate XRP and Ripple, the latter’s ultimate goal is to build better software for banks. He called Ripple’s mission a “no-brainer,” “venture capital bet” and admitted to being jealous of missing out on investing in Ripple’s seed round. 

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