Kanye West Sues Coinye Altcoin into Oblivion
Rapper Kanye West has managed to kill an altcoin named in his honour, six months after it was launched by a team of developers. Called Coinye West, the altcoin was subsequently renamed Coinye in an attempt to continue its business activities even in the face of legal pressure. The developers envisioned Coinye as a fun and simple altcoin for the hip-hop community, and even tweeted news about its development to the rapper in the hopes he would embrace the concept. This plan backfired, however, as Kanye West sued the Coinye team on 8th January, starting a lengthy legal process that has been....
Related News
Rapper Kanye West has a love-hate relationship with the internet and he has already been the subject of quite a few memes, some of which were so popular that they were satirized by South Park on more than one occasion. As if Dogecoin was not enough, the flamboyant artist is about to get a digital currency named after him. Coinye West is the name of the new coin and it should go live in eight days. Though we can't fault the design and Coinye is certainly getting plenty of coverage, we are not sure Kanye or his lawyers will be flattered (if South Park is to be believed Kanye hasn't always....
Just days after Chicago rapper Kanye West dispatched his legal team against the creators of the script-based cryptocurrency Coinye, formerly Coinye West, the altcoin's development team has officially folded its launch plans. The announcement was issued via the project's website, which posted the message "COINYE IS DEAD" in bold at the top of its homepage, followed by its admission of defeat: "You win, Kayne." The messages ended the short life of Coinye, which was announced early this January and had recently delayed its launch. West's legal team previously sent the Coinye development team....
I can't make this stuff up! Read the Scribd filing by Pryor Cashman LLP, Kanye's litigation experts of choice. Always abreast of the newest developments in the Cryptocoin world, CryptoCoinsNews first reported on Coinye on January 2nd, 2014. Shortly thereafter, legal action was taken by Kanye West and his associates at Pryor Cashman LLP, and onJanuary 6th, 2014 CCN reported that the original domain names (which I will refrain from mentioning to avoid the ire of Kanye) as well as Facebook and Twitter accounts had been deleted or altered to redirect to coinyeco.in, an Indian website. It was....
The newest addition to the Cryptocurrency work is inspired by a famous influencer, Kanye West. In a recent interview with Vice, Coinye West founder explain "Coinye West is a cryptocurrency for the masses. Bitcoin is for hardcore money-hoarders, and Dogecoin was more for the Internet-meme crowds ... Our goal with Coinye West is to make it easier for people to use cryptocurrency." Reddit is on fire with news of the new coin. There is even a new subreddit dedicated to the coin already! Dogecoin is taking a beating in the market today down some 15% while the rest of the market is in bullish....
Rapper-turned-entrepreneur Kanye West has taken legal action against the creators of Coinye West, a tongue-in-cheek digital currency that was supposed to launch this week. West's lawyers filed a cease-and-desist order against the team of coders who developed Coinye West, claiming trademark infringement. According to the Wall Street Journal, the document was filed on 6th January and it is going after the coders because the design of the coin features a cartoon of West. The documents explains: "Given Mr West's wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly....