View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 8, 2014

Coinye launches despite Kanye West legal threat

Cryptocurrency changes logo and name after cease and desist letter.

By Joe Curtis

A Kanye West-inspired virtual currency has launched early after the hip hop star’s lawyers filed a cease and desist letter against its developers.

The makers of Coinye launched the currency yesterday at 7pm PST without the approval of the artist, and despite the legal threat, writing on their website yesterday that "due to legal pressure, we will launch today".

Attorneys from law firm Pryor Cashman accuse the developers of copyright infringement, among other claims.

The cease and desist letter read: "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."

The group has dropped the ‘West’ from the cryptocurrency’s name, and says it is now called CoinyeCoin.

The logo has also been altered from a likeness of the musician to a man wearing glasses similar to those worn by West, but with yellow teeth and a fishtail sprouting from the back of his head.

Reports suggest the developers changed the logo and name to make it clear that West has nothing to do with the project.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

They have also altered the domain of their website to be registered in India, after lawyers demanded they deactivate the coinyewest.com website.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU