Dubai cryptocurrency firm denies Alibaba trademark breach
Dubai-based cryptocurrency firm Alibabacoin Foundation has denied allegations of trademark infringement by Chinese e-commerce giant Alibaba Group. Alibabacoin said its name is an "inherently generic word" that originates from the very region where it is being asked to stop its use. Notably, Ali Baba is the protagonist's name in the Middle Eastern folk tale 'Ali Baba and the Forty Thieves'. 