Business 21 May 2018Dennis Wafula
Pink Taxi ICO settles intellectual property dispute
A group called Pink Taxi has apologized to A2B Taxi Company a week after things got heated between the two parties. The apology made last Friday, addressed the public, A2B Taxi Company and members of the A2B community.
Controversy arose after Pink Taxi marketed its ICO using materials that were identical to that of A2B Taxi, CCN reported. John McAfee publicly promoted the ICO by Pink Taxi on Twitter. According to reports, the ICO was created to provide a safe environment for women who face sexual assaults from drivers and other individuals when traveling. Pink Taxi currently offers its services in over 50 cities. The company hires women drivers who are trained to provide safe travels for women all around the world. To promote Pink Taxi, John McAfee claims to have charged $500,000 for a tweet and $100, 000 for a reply.
I am advising and supporting the pink Taxi ICO – https://t.co/bH2by8US6l – created in response to the massive increase in sexual assaults on women, especially in Muslim countries. They currently operate in 50 cities, hiring only women drivers trained to support womens' safety. pic.twitter.com/Gs7mnpOs99
— John McAfee (@officialmcafee) May 17, 2018
Forty minutes after McAfee’s tweet, A2B Taxi addressed their investors and supporters exposing Pink Taxi’s actions. According to the taxi platform, Pink Taxi stole its intellectual property by copying its website design, white paper and even their YouTube promotion video, which was posted in February. In Pink Taxi’s video, uploaded on May 14, featured Vytautas Kaseta, an executive with A2B Taxi naming him as unnamed blockchain expert. The video was later taken down. A2B Taxi first uploaded the video earlier this year in February.
Dear A2B Taxi community, someone took the advantage of our work and now they are being promoted by the top influencer. https://t.co/5Vx4iKfaF1 copied our website design and content. Even our whitepaper. Please help us raise awareness to this matter by sharing this post. https://t.co/ibQiQtUWGc
— A2B Taxi Token (@a2btaxitoken) May 17, 2018
Efforts made by A2B Taxi executive, Tomas Stasiulevicius, to understand why McAfee would support a company without doing proper research met an unapologetic McAfee. McAfee claimed A2B Taxi was a fraud and advised they stop the accusations against Pink Taxi. He further remarked that the company would have his ‘full attention’ if they continued with the tweets—only to eat the humble pie several hours later.
In the apology posted by John McAfee on Twitter, Pink Taxi said the third party it hired to help them market its ICO had copied content from A2B Taxi, assuring the blockchain-based taxi platform that proper measures were being taken against the third party.
— John McAfee (@officialmcafee) May 18, 2018
The number of ICO fraud rises by the day costing many investors millions in investments. Last month,$50 million was lost after Yassir Hankir, the CEO of German startup Savedroid, disappeared with the money made from a coin offering. This and many more cases continue to create fear in the cryptocurrency space.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Business 30 minutes ago
Hydra X’s Sigma platform adds Seed CX
Hydra X has announced that they have partnered with Seed CX, a US-based company offering digital asset exchange services.
Business 1 hour ago
Crypto license holders in Philippines’ economic zone rise to 24
Chief Raul Lambino confirmed CEZA issued 24 principal licenses and six regular licenses for cryptocurrency exchanges, as well as four licenses for 15 companies involved in financial technology solutions.
Business 2 hours ago
Cryptofacil’s new exchange debuts with Bitcoin SV
Cryptofacil has launched a new exchange for Latin America and the Carribean, and Bitcoin SV is on offer right from day one.