UNITED AMERICAN CORPORATION, Plaintiff, vs. BITMAIN, INC., ROGER VER, BITMAIN TECHNOLOGIES LTD., JIHAN WU, PAYWARD VENTURES, INC. d/b/a KRAKEN, JESSE POWELL, SHAMMAH CHANCELLOR and JASON COX, Defendants., 530 F. Supp. 3d 1241

Summary

HOLDINGS: [1]-In a claim under Section 1 of the Sherman Act, claimant failed to allege harm to competition in the cryptocurrency market because there were no facts in the complaint that explain how and why competing developers will be unable to propose innovative ways to improve upon the software implementations used to mine for the cryptocurrency.