the bitcoin industry has trademarked the phrase “bit” when used in commerce.
Alpha-Bits can no longer be marketed by that name.
“the bitcoin industry has trademarked the phrase “bit” when used in commerce. Alpha-Bits can no longer be marketed by that name. “
FALSE.
Bit is not a phrase. It is a common word and cannot be trademarked.
Trademark protection only extends to products that might reasonable be confusing to the public. No one is going to confuse a cereal with a cryptocurrency.
Also, a court recently ruled that Bit2Me does not infringe on the Bitzcoin trademark.