Kanye West Bitcoin Spoof Pulled from Market
The Kanye West Bitcoin replica has been pulled from the market after a two-week battle between the creators of the coin and the famous rapper.
The cryptocurrency was called Coinye West when it first hit the market, but the rapper and his lawyers issued a cease and desist letter to the coders of the project. The creators dropped the “West”, renaming it the “Coinye” coin, and changed the image from West’s face to a fish that somewhat resembled him.
The digital coin was originally thought to be a joke, but some analysts thought it could turn into a profitable project in a short period of time. West was not pleased with the project, filing a lawsuit yesterday, claiming that it was copyright infringement and was damaging his brand.
The makers of the coin seemed to be openly defiant of the rapper.
“In interviews with the press, defendants brazenly admit that they adopted the marks Coinye West, Coinye and Coye to directly associate their newly minted crypto-currency with Mr. West,” the suit states.
The anonymous virtual currency shut down its operation today by posting this message on its website: “Coinye is dead. You win, Kanye.”