Coinye Shutting Off “All of the Lights”

Posted by

“Coinye West” is closing up shop because Kanye West isn’t happy.  On January 14, 2014, Kanye West filed a trademark infringement lawsuit against the virtual currency now known as Coinye.  The currency, which started as a joke, announced through its website, “Coinye is dead. You win, Kanye.”

Earlier this month, the currency’s founders discussed Coinye West in an interview with Vibe. They talked about the soon to be launched currency.  Referring to Kanye, they said “I think he’s gonna love that there’s a CURRENCY named in his honor.”

They were wrong.  Within days of the interview Kanye took action.  On January 6th, he served the founders with a cease and desist letter.  Kanye’s attorney wrote, “Mr. West’s tremendous success and notoriety has catapulted the KANYE WEST brand into a commercial asset of incalculable value … Given Mr. West’s wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services.”

In response, the founders made small changes in hopes of avoiding a lawsuit.  They shortened the name from “Coinye West” to just “Coinye.”  They changed the original cartoon image of Kanye wearing his signature shades to a fish with Kanye like characteristics wearing the same sunglasses.  The founders also tried to avoid the harms of a suit, if filed, by launching Coinye sooner than expected and moving its website to one registered in India.

All of those actions weren’t enough to stop the lawsuit.  Kanye’s suit states, “Defendants have willfully and admittedly traded upon the goodwill and notoriety of Kanye West, one of the most famous entertainers and brand names in the world.”  “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 was also brought against some currency exchange websites and Amazon.com.  Amazon provides hosting services for those exchange sites.  Kanye is seeking unspecified damages for the irreparable harm caused by consumers’ mistaken belief that he is the source of the currency.

Coinye Website

Screw Bitcoin and Dogecoin, There’s a Kanye West Themed Cryptocurrency On The Way

Kanye West’s Lawyer Tells Coinye Bitcoin Makers To Back Off

Kanye West Forces Coinye Founders To Cash Out

9 comments

  1. I’m the business owner of JustCBD Store brand (justcbdstore.com) and I am currently seeking to grow my wholesale side of business. I am hoping someone at targetdomain give me some advice . I thought that the most effective way to do this would be to reach out to vape stores and cbd stores. I was hoping if anybody could recommend a trusted site where I can buy CBD Shops B2B Database with Emails I am already checking out creativebeartech.com, theeliquidboutique.co.uk and wowitloveithaveit.com. Not exactly sure which one would be the most ideal option and would appreciate any guidance on this. Or would it be easier for me to scrape my own leads? Ideas?

  2. You have made some good points there. I looked on the internet to find out more about the issue and found most people will go along with your views on this web site.

  3. Having read this I thought it was extremely enlightening. I appreciate you finding the time and effort to put this short article together. I once again find myself spending a lot of time both reading and leaving comments. But so what, it was still worth it!

  4. You’re so cool! I don’t believe I have read through anything like this before. So great to discover someone with original thoughts on this topic. Seriously.. thank you for starting this up. This website is something that’s needed on the web, someone with a bit of originality!

  5. An outstanding share! I have just forwarded this onto a colleague who has been conducting a little homework on this. And he actually bought me breakfast because I discovered it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending the time to talk about this topic here on your web page.

Leave a Reply

Your email address will not be published.