Atari has publicly denounced 'RealPongCoin' or '$PONG', a new cryptocurrency meme coin that launched without their permission, using Atari's registered PONG trademark. The company warns the public about the potential for consumer deception and states that their legal team is actively pursuing measures to stop the misuse of their intellectual property.
Atari has issued a press release disavowing 'Real Pong Coin' or '$ PONG ', a new cryptocurrency meme coin that launched an account on X, formerly known as Twitter, on the same day. The press release states, 'Atari is warning the public that Real Pong Coin risks deceiving consumers by suggesting an affiliation with Atari, and that Atari's legal team is actively reviewing measures to stop the misuse of its intellectual property.
' Atari emphasizes that the company has no affiliation with the crypto project and that RealPongCoin is using Atari's registered PONG trademark without consent or approval.A cursory examination of RealPongCoin reveals little cause for optimism. On Google, news of Atari's statement overshadows any information provided by $PONG itself. The meme coin's primary online presence consists of a relatively inactive X account and a largely empty website that proclaims, 'It's not over… Yes it's real…,' with links to a Telegram channel, blockchain contract, and a portal to purchase $PONG. Interestingly, the $PONG X account explicitly states 'not affiliated with Atari' in two separate places, while a disclaimer on the website asserts that it 'is not designed to be, or to be perceived as, an investment opportunity, investment contract, or security of any kind.' This disclaimer seems to be a common tactic employed by new crypto projects to shield themselves from prosecution for their inherent nature as poorly regulated securities.The situation raises several questions. Why expend effort on a project as frivolous as this when legal action could swiftly resolve the matter? Atari's previous ventures into the cryptocurrency and meme space were more notable during the late 2010s and early 2020s. Since then, the company has strategically shifted its focus toward retro publishing and game preservation, acquiring industry database MobyGames, retro remake developers Digital Eclipse, and Nightdive Studios. All three entities appear to be thriving. Given this shift, Atari's strong condemnation of this fly-by-night crypto scam leveraging its intellectual property becomes even more perplexing. However, the crypto project's defense, claiming 'no copyright infringement intended,' presents a formidable legal obstacle
CRYPTOCURRENCY ATARI REALPONGCOIN PONG LEGAL ACTION INTELLECTUAL PROPERTY MEMECOIN SCAM
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Welsh MP Condemns Plans to Extend Waiting Times for Powys Patients in English HospitalsDavid Chadwick, the Welsh Liberal Democrat MP for Brecon, Radnor, and Cwm Tawe, has criticized proposals by the Powys Teaching Health Board to increase waiting times for Powys patients seeking treatment in English hospitals. Chadwick believes these plans contradict commitments to reduce NHS waiting times and may violate healthcare agreements between Wales and England.
Read more »
Daughter of Slain MP Demands Inquiry, Condemns Government's Lack of EngagementKatie Amess, daughter of murdered MP Sir David Amess, calls for a public inquiry into her father's death, criticizing the previous Conservative government for refusing to meet with her family. She expresses hope that the new inquiry into the Southport stabbings will pave the way for her own family to receive answers and closure.
Read more »
Lincolnshire Councillor Condemns Approval of Two Large Solar FarmsA senior Lincolnshire councillor has criticized the government's decision to approve two large solar farms, stating that it disregards local concerns and 'trashes the countryside'. Colin Davie, executive councillor for environment, economy and planning, expressed his disappointment over the developments, citing the significant opposition from residents and the cumulative impact of these projects on the county's landscape.
Read more »
Former Referee Condemns Red Card for Arsenal's Lewis-Skelly: 'Wrong' Decision and VAR QueryKeith Hackett, a former referee, criticizes Michael Oliver's decision to send off Arsenal's Myles Lewis-Skelly during a Premier League match against Wolves, arguing it should have been a yellow card. Hackett also questions the role of VAR in upholding the red card decision, suggesting it should have intervened to correct the initial call.
Read more »
Marcus Rashford Condemns Tabloid Plan to Publish Photos with Controversial RapperManchester United footballer Marcus Rashford has issued a statement condemning a tabloid newspaper's plan to publish photos of him with rapper TEN, who was revealed to be Jake Fahri, the murderer of Jimmy Mizen. Rashford insists he has no recollection of the images or knowing Fahri, urging tabloids to focus on raising awareness about knife crime instead. This comes as the BBC investigates its decision to feature Fahri's music on BBC Radio 1Xtra and the Ministry of Justice launches a probe into Fahri's content.
Read more »
Former PGMOL Chief Hackett Condemns FA's Leniency Toward Zirkzee's Controversial CelebrationFollowing Manchester United forward Joshua Zirkzee's unpunished celebration involving an inappropriate gesture towards fans during a match against Southampton, former PGMOL chief Keith Hackett has fiercely criticized the Football Association's decision. Hackett argues that the lack of sanction sends a detrimental message to players at all levels and fails to protect younger spectators. He emphasizes the potential dangers of such provocative behavior, urging the FA to take a stronger stance against actions that incite fans.
Read more »