Cryptocurrency, or Bitcoin as you might know it, has been gaining traction for some time now. But, it seems a certain monied rapper isn't impressed by a recently released bitcoin-duplicate, The Independent reports.
Kanye West (unsurprisingly) finds himself at the center of yet another heated legal row, this time with the small altcoin developer of Coinye. And, you can probably guess why. Released on January 7, the Coinye coin — previously known as Coinye West — features a cartoonish image of the rapper on its logo. West’s legal team is none too happy — and they have threatened to sue any business that goes forward and accepts the currency.
“Given Mr. West’s wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services or [had] endorsed the cryptocurrency,” wrote his attorney in a cease-and-desist letter to Coinye. But, this warning hasn't stopped the antiestablishment developers, who describes themselves as “just a few guys who are excited about the future of crpytocurrency."
After altering the original name and image to avoid shutdown, the coin’s creators insist that any association with the rapper "is intended solely as parody, not an indication or implication of endorsement or involvement."
Will this explanation be enough for the technology-loving music mogul? After all, it's not every day you get your face plastered on money. (The Independent)
Photo: Via The Independent.