Feeds

'You win, Kanye': Coinye creators throw in towel after rapper sues

This time, Kanye West is not gonna let them finish

Next gen security for virtualised datacentres

The short and turbulent life of Coinye, the digital cryptocurrency named after rapper Kanye West, has come to an end.

The virtual currency, which launched earlier this month under the name Coinye West, has closed up shop, apparently as a result of legal pressure from the vainglorious rapper.

"We're really not sure how Kanye is gonna react to this," Coinye's creators said at the time of its launch. "We hope he loves it, but if he doesn't, he really isn't someone we want to piss off."

Indeed. Mr. Kim Kardashian's lawyers reportedly came calling not long after word of his namesake currency went public, serving Coinye's developers with a cease-and-desist letter that accused them of unlawfully appropriating West's name and likeness.

At first, the Coinye crew seemed to be taking the real Kanye's threats in stride. In response to the rapper's letter, they dropped the "West" from the currency's name and changed its mascot from a likeness of West to a cartoon of a half-man, half-fish character – albeit one that still bore more than a passing resemblance to West.

Coinye logo

Still too close a likeness, it seems

"I do not see that there is a likelihood of confusion between the Trademark set forth by your client Kanye West and those being presented by under the Meme Crypto Currency Coinye Coins ('The Gay Fish')," the Coinye team wrote in a snarky letter to West's lawyers – the "Gay Fish" aside being a reference to an episode of South Park that parodied West as someone too egotistical to admit when he doesn't get a joke.

But the only thing more humorless than Kanye West, apparently, is his legal team. On Tuesday, the New York Post reported that West's lawyers filed suit against Coinye's creators in a New York federal court, alleging trademark infringement.

A week ago, Team Coinye claimed to be digging in for a fight with West. "We want to release this to the public before the man can try to crush it," a representative of the project told The Wall Street Journal. "They'll still come after us, but that's OK."

But as of Tuesday, the Coinye creators appear to have raised the white flag. The former Coinye website has been replaced with the message "Coinye is dead. You win, Kanye" above a graphic that reads "Pool's Closed," while another site that purported to be building an online exchange for the currency appears to have been taken down.

West's lawyers have not said whether they still plan to pursue their suit in light of the offending currency's apparent demise. ®

Build a business case: developing custom apps

More from The Register

next story
Drunkards warned: If you can't walk in a straight line, don't shop online, you fool!
Put it away boys. Cover them up ladies. Your credit cards, we mean
Yes, but what are your plans if a DRAGON attacks?
Local UK gov outs most ridiculous FoI requests...
Murder accused DIDN'T ask Siri 'how to hide my roommate'
US court hears of cached browser image - not actual request
Cops baffled by riddle of CHICKEN who crossed ROAD
'Officers were unable to determine Chicken's intent'
Why your mum was WRONG about whiffy tattooed people
They're a future source of RENEWABLE ENERGY
Chomp that sausage: Brits just LOVE scoffing a Full Monty
Sales of traditional brekkie foods soar as hungry folk get their mitts greasy
Nuts to your poncey hipster coffees, I want a TESLA ELECTRO-CAFE
Examining the frothy disconnect in indie cafe culture
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?