It was Monday that Wests Manhattan-based lawyer sent a cease-and-desist letter to the anonymous coders behind Coinye claiming copyright infringement. The logo for the humorous new cryptocurrency features a cartoon version of West with his trademark slatted shades. coinyecoin.org The logo for the new cryptocurrency features a cartoon version of Kanye West with his trademark slatted shades. Given Mr. Wests wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr.
Kanye West Tells Creators Of Coinye Currency To Cease & Desist
of 2014 North American "Yeezus" tour the rapper will perform nine concerts around the U.S. and Canada over a ten day time span. He will be touring in support of his sixth studio album, "Yeezus" which was released on June 18, 2013 and it reached No. 1 on the U.S.
Kanye West announces early 2014 North American tour dates
According to the Wall Street Journal , a lawyer working for West wrote in the court order: "Given Mr. Wests wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services." In response to this, the coders have renamed their currency simply Coinye and relocated their web domain to India. "We want to release this to the public before the man can try to crush it," a coder told the paper on January 6.
Kanye West inspired cryptocurrency rushes release following cease and desist order
Musicfounder sent a cease-and-desist letter to the makers ofthevirtual currency Coinye West. [ALSO READ: Kanye West Adds 2014 Dates To YeezusTour ] According to the Wall Street Journal , lawyers for West sent the papers to seven anonymous coders responsible for the online moneyfeaturing the likeness of Ye. The people behind Coinye so far have refused to back down and are moving forward with their monetary plan. They have even transferred their website to a domain registered in India. We want to release this to the public before the man can try to crush it, one of the coders texted to the WSJ.
Kanye West issues cease and desist letter against digital currency 'Coinye'
"Interviews with the founders of the Coinye West cryptocurrency leave no doubt that your clear intent is to trade upon the goodwill associated with the Kanye West mark and Mr. West's international fame and notoriety, wrote Brad Rose with the law firm of Pryor Cashman LLP. Consumers are likely to mistakenly believe that Mr. West is the source of your services or is, at the very least, affiliated with, or has sponsored or endorsed the cryptocurrency. In response, the currencys developers pushed Coinye out earlier than planned, on Tuesday. We want to get this into the hands of the public after all, its peer to peer and unstoppable, they wrote on their site.
Coinye: Rapper Kanye West strikes back at Yeezy-inspired cryptocurrency
Source: Supplied IT'S a tough gig being Kanye West. First people try to steal your limelight on stage, then they spoof your music videos and now the rapper is fighting a legal battle against a new digital currency made in his image. ' Coinye ' is the brainchild of an anonymous group of seven web developers who claim they are just a few guys "excited about the future of cryptocurrency." The digital currency is designed to rival bitcoin and uses Kanye's name and image as a parody in a bid to help it become more mainstream. However Kanye hasn't taken kindly to his monetary likeness, with lawyers for Mr West firing a 'cease and desist' letter against the developers.