Judge Refuses to Stop Alibabacoin Foundation in Trademark Case

A U.S. judge rejected Alibaba Group Holdings Ltd’s bid for a preliminary injunction to block the Dubai cryptocurrency firm Alibabacoin Foundation from using the Alibaba name. U.S. District Judge Paul Oetken in Manhattan said Alibaba did not show he had jurisdiction, having failed to establish a “reasonable probability” that Alibabacoin’s interactive websites were used to transact business with customers in New York.