Kanye West's legal team has successfully closed down an online currency called Coinye West.

As previously reported, the currency - similar in style to BitCoin - recently launched, with their logos based on the US rapper.

However, West's legal team sent a cease-and-desist letter to the makers of Coinye West, adding that people may mistakenly believe the 'Yeezus' man was behind it.

The website of the currency now only points toward an image which reads: "Coinye is dead. You win, Kanye. Pool's closed."

The initial legal action meanwhile said: "With each day that passes, Mr. West's reputation is irreparably harmed. Consumers are likely to mistakenly believe that M. West is the source of these digital coins."

Police meanwhile are currently investigating an alleged battery incident involving West.

Beverly Hills Police Department have confirmed that the rapper has been identified in the incident, which is said to have happened on Monday (January 13):

"The named suspect was identified as Kanye West by the victim and several witnesses."

It is rumoured that West punched a man after a verbal altercation.