Bitcoin Weiss ratings score unveiled: Is bitcoin a good investment | City & Business | Finance | Express.co.uk
Bitcoin scored a fair C+ rating in the Weiss Cryptocurrency Ratings, sparking the ire of devout cryptocurrency adopters. The ratings agency based its judgment on bitcoin?s strong adoption and brand but warned the token failed in the Risk and Technology Indices. Weiss, which claims to be the first of its kind, gave bitcoin?s main competitor Ethereum a higher B score because it ?benefits from more readily upgradable technology?. In fact, none of the 74 crypto tokens analysed by the agency received the highest A mark. Ethereum and EOS were the highest scorers with B. Bitcoin?s poor rating was based on the virtual currency being plagued by ?major network bottlenecks, causing delays and high transactions costs.? This share was first found by us on January 16, 2019 1:50 PM. Check out www.express.co.uk for more.
Weiss Ratings grades cryptocurrencies: Ethereum gets a B, Bitcoin a C+
Unveiling its cryptocurrency grades, Weiss Ratings said Wednesday that Ethereum rates a B, or ?good,? while Bitcoin gets just a C+, for fair. No virtual money earned an A, or ?excellent.? >> What is bitcoin? What you need to know about cryptocurrency Meanwhile, Weiss Ratings founder Martin Weiss said his staff was up all night fending off denial of service attacks. The Palm Beach Gardens, Florida, company responded to the cyberattacks by expanding its server capacity. >> On MyPalmBeachPost.com: Amid Bitcoin craze, Weiss Ratings to launch cryptocurrency ratings ?Commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies,? Weiss said. ?So this may be an attempt to thwart our release today.? This share was found by us on January 16, 2019 1:50 PM. You may want to visit www.ajc.com for complete listings from this source.
Weiss Ratings gives ethereum higher rating than bitcoin
Weiss Ratings, which claims to offer the first "ratings" on cryptocurrencies, has judged ethereum to be better than bitcoin. The securities ratings agency announced Wednesday that it gave ethereum a B rating because it "benefits from more readily upgradable technology and better speed, despite some bottlenecks." Bitcoin received a "fair" C+ rating because the digital currency is "encountering major network bottlenecks, causing delays and high transactions costs," according to a release. "Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code." This item was found by us on January 16, 2019 1:49 PM. Browse www.cnbc.com for more.
Bitcoin Price Rises as First Cryptocurrency Ratings Are Released Academy caret Investopedia Logo
Bitcoin?s price limbered up slightly from yesterday but still failed to break the $12,000 barrier. According to Coindesk?s index, a single bitcoin could set you back by $11,222.71, an increase of 3.53% from its price 24 hours ago, at 13:55 UTC. The mostly sideways movement in bitcoin?s price occurred even after UBS Chairman Axel Weber told Bloomberg at the World Economic Forum that the bank will not offer bitcoin investing services to clients as government regulation of the cryptocurrency might result in a ?massive correction? and an implosion in its price. Gains for other cryptocurrencies outpaced that of bitcoin. Among the top 10 most-traded coins, Stellar?s Lumens was the biggest gainer, rising by 26.13% to trade at $0.57. The cryptocurrency, which shares technology with Ripple?s XRP, might soon be on payments processor Stripe's network. This data was retrieved by us on January 16, 2019 1:48 PM. Browse www.investopedia.com for more.
Amid Bitcoin craze, Weiss Ratings launches cryptocurrency grades - Business - The Palm Beach Post - West Palm Beach, FL
Weiss Ratings, the Palm Beach Gardens company known for grading banks, insurers and stocks, is adding a new subject to its report card: cryptocurrency. Weiss Ratings said Wednesday that it will release letter grades for Bitcoin, Ethereum and dozens of other cryptocurrencies on Jan. 24. New ratings: Ethereum gets a B, Bitcoin a C+ Weiss Ratings is best known for a cautious approach to investing, and founder Martin Weiss acknowledges that grading cryptocurrencies represents "a departure." He says he?s not advising investors whether to include cryptocurrencies as part of their portfolios. Rather, he wants to offer objective advice. This article was found by us on January 16, 2019 1:48 PM. See www.palmbeachpost.com for complete listings from this source.
Weiss Cryptocurrency Ratings Shares 2019 Forecasts: Bitcoin, Ripple, EOS, Cardano, & More
This entry was first seen by us on January 16, 2019 1:47 PM. Have a look at cryptopanic.com to find more similar content.
Op-Ed: The Weiss Cryptocurrency Ratings Are Laughably Bad | Bitcoin Magazine Verified on Po.et
Op-Ed: The Weiss Cryptocurrency Ratings Are Laughably Bad In the current cryptocurrency hysteria, everyone is a level 70 blockchain wizard launching a new hedge fund. Weiss Ratings released their cryptocurrency ratings yesterday. In response, they received a lot of criticism on social media. And rightly so. I?ll get to the specific issues with the Weiss Cryptocurrency Ratings, but first I need to point out that the low quality of these ratings is merely an illustration of the current hysteria around cryptoassets more generally. Weiss Ratings has a long history as an independent ratings agency covering traditional assets, but it?s clear they don?t understand Bitcoin at all. However, they?ve proclaimed that they?re the cryptocurrency experts who can tell you whether speculating on the price of a specific token is a safe bet. This piece was retrieved by us on January 16, 2019 1:47 PM. Browse bitcoinmagazine.com for more.
HedgeMaven - Weiss Cryptocurrency Ratings Shares 2019 Forecasts: Bitcoin, Ripple,
EOS, Cardano, & More - Invest In Blockchain
Weiss Cryptocurrency Ratings Shares 2019 Forecasts: Bitcoin, Ripple, EOS, Cardano, & More Invest In Blockchain Weiss Cryptocurrency Ratings has released their predictions on how Bitcoin and other cryptocurrencies will fare in 2019 and beyond. Here are the top 7. ConsenSys has invested in new publishing platform by WordPress and will provide its blockchain-powered native plugin for the newsrooms BitGo & Genesis Trading Want to Help Whales Avoid Crypto Exchanges CCN Blockchain security firm BitGo has entered a partnership that will allow its clients to trade cryptocurrency assets that are held in its custody. This piece was discovered by us on January 16, 2019 1:46 PM. Have a look at hedgemaven.com for more from this source.
Weiss Ratings Shares New Crypto 2019 Forecasts: Bitcoin to $20,000+ USD, XRP Could Go Number 1
The cryptocurrency industry has seen a wild two years of activity. During 2017, the industry saw Bitcoin get incredibly close to the $20,000 market, and the altcoins managed thrive at the same time. However, the subsequent year was a roller coaster that kept pushing the various digital assets down to barely a fraction of their highest high. Now, Weiss Cryptocurrency Ratings has predictions for what is about to happen in 2019. Even though Weiss recognizes the drastic problems with the price in the crypto industry, they also saw ?major progress? in the technology during that time. Overall, there are seven different forecasts that Weiss Rating has notified the public of. Those predictions include: This data was discovered by us on January 16, 2019 1:45 PM. Check out bitcoinexchangeguide.com to find more similar content.
50 Cent Tells Feds: Bitcoin Fortune Was Fake News | Zero Hedge
Integrity Initiative And Affiliates Behind Multiple Attacks On Disobedient Media Less than a month after rapper 50 Cent reportedly declared that he had accidentally amassed an $8 million fortune by holding on to a cache of bitcoins he received back in June 2014, the Queens-born rapper and actor said in sworn testimony that the bitcoins never existed. According to TMZ and The Blast, the rapper filed a sworn declaration in bankruptcy court saying "[I have] never owned and [do] not now own, a Bitcoin account or any Bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present.? This item was first seen by us on January 16, 2019 1:44 PM. Have a look at www.zerohedge.com to find more similar content.
50 Cent now millionaire thanks to bitcoin - Entertainment - The Jakarta Post
In 2014, 50 Cent released his album ?Animal Ambition? and became the first musical artist who accepted bitcoin as a payment. (Shutterstock.com/Jamie Lamor Thompson) United States rapper 50 Cent has recently found out that he is a millionaire in bitcoins, thanks to sales of a previous album. In 2014, 50 Cent released his album Animal Ambition and became the first musical artist who accepted bitcoin as payment. According to TMZ, he let his bitcoin account lie untouched, and just recently discovered that he is a bitcoin millionaire. 50 Cent said on his Instagram account that he had forgotten he accepted the cryptocurrency as a form of payment. This publication was obtained by us on January 16, 2019 1:44 PM. See www.thejakartapost.com for more from this source.
50 Cent allowed fans to buy his 2014 album Animal Ambition using Bitcoin earning him MILLIONS
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Scores of people scoffed at the rapper?s decision to embrace the volatile digital currency but less than four years later, the 42-year-old is laughing all the way to the bank RAPPER 50 CENT made a fortune when he released Animal Ambition in 2014 after deciding to accept bitcoin as payment. Scores of people scoffed at the rapper?s decision to embrace the volatile digital currency but less than four years later, the 42-year-old is laughing all the way to the bank. At the time Fiddy ended up with around 700 bitcoin from those who decided to pay for Animal Ambition with the cryptocurrency. This entry was obtained by us on January 16, 2019 1:44 PM. You may want to visit www.thesun.co.uk to find more similar content.
50 Cent Earns Millions Selling Album For Bitcoin
We all like to say we invested in Bitcoin before it was cool, but one person ? 50 Cent ? actually did and now, he?s reaping the rewards. The rapper became the first to accept Bitcoin as payment when he released the album Animal Ambition back in 2014. At the time Bitcoin was valued at around $662. TMZ sources say Animal Ambition pulled in around 700 Bitcoin in sales, raking an amount over $400k. The money sat there untouched for years? until now. Today, Bitcoin?s value has risen to between $10k and $12k per coin, which means Fiddy is sat on a cushy $7/8.5 million. However, the market isn?t looking too good at present, so he might want to think long and hard about his newfound fortune. This piece was first found by us on January 16, 2019 1:43 PM. You may want to visit www.unilad.co.uk for more from this source.
Bitcoin's newest millionaire: Rapper 50 Cent | Fox Business
By Jade ScipioniPublished January 26, 2018Personal FinanceFOXBusiness Hip-hop star Curtis ?50 Cent? Jackson said he completely ?forgot? that he accepted bitcoins for one of his albums four years ago, making him the latest millionaire of the cryptocurrency, with a stake reportedly worth more than $7.5 million. ?Not bad for a kid from South Side, I?m so proud of me,? Jackson wrote in an Instagram post after TMZ first reported the story. A spokesperson for Jackson also confirmed the report to FOX Business. In 2014, way before the bitcoin craze hit, Jackson accepted the digital currency as payment for his album, Animal Ambition. The rapper earned around 700 bitcoins through record sales, with each being worth around $662 at the time according to CoinDesk, which puts its total worth at over $460,000. This publication was obtained by us on January 16, 2019 1:43 PM. Have a look at www.foxbusiness.com for complete listings from this source.
50 Cent Claims He Doesn't Own A Bitcoin Fortune | HipHopDX
50 Cent is denying recent media claims of him having a fortune in Bitcoin, according to new bankruptcy documents obtained by The Blast. In the midst of the cryptocurrency boom, it was reported that 50 made $8 million by accepting Bitcoin as payment for his 2014 Animal Ambition album. When the story initially broke, the G-Unit leader bragged about the news on social media. One since-deleted post said, ?I know I make you sick but excuse me I?m getting to the bag #denofthieves,? while another stated, ?Not bad for a kid from South Side, I?m so proud of me.? Now, 50 is facing accusations of failing to reveal his cryptocurrency assets in bankruptcy court. In response, 50 claims he ?never owned, and does not own, a bitcoin account or any bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present? in a statement to the court. This share was first found by us on January 16, 2019 1:43 PM. You may want to visit hiphopdx.com for complete listings from this source.
Rapper 50 Cent now millionaire thanks to bitcoin, Entertainment News - AsiaOne
United States rapper 50 Cent has recently found out that he is a millionaire in bitcoins, thanks to sales of a previous album. In 2014, 50 Cent released his album Animal Ambition and became the first musical artist who accepted bitcoin as payment. According to TMZ, he let his bitcoin account lie untouched, and just recently discovered that he is a bitcoin millionaire. 50 Cent said on his Instagram account that he had forgotten he accepted the cryptocurrency as a form of payment. By the time the album was released in late 2014, Billboard wrote an article titled "9 albums that flopped in 2014 (or did they?)", and mentioned Animal Ambition as one of the flops that year. Billboard wrote, "Despite plenty of publicity, 50 sold less than a third of the first-week sales for his previous studio effort." This posting was retrieved by us on January 16, 2019 1:43 PM. See www.asiaone.com for additional posts.
50 Cent Forgot He Had $8 Million In Bitcoin - hypebot
Rapper 50 Cent is enjoying a surprise windfall of almost $8 million after suddenly remembering that he had a stash of the cryptocurrency Bitcoin. According to Newsweek, 50 Cent gained the bitcoins when he accepted the cryptocurrency as payment for his 2014 album Animal Ambition.? ?I?m a keep it real I forgot I did that shit. Lol,? 50 Cent said in a now-deleted comment on Instagram. Newsweek reported that fans paid 50 Cent 700 bitcoin for the album, which only sold 124,000 copies. In 2014, Bitcoins were priced between $770 at the start of the year but were trading at the mid $350 range by December 2014. Now, even after falling by almost 50% since the end of 2017, Bitcoins are trading at a comfortable $11120.00. This item was obtained by us on January 16, 2019 1:43 PM. Check out www.hypebot.com for more.
50 Cent admits he went along with Bitcoin fortune lie | Daily Mail Online
Published: 01:38 GMT, 27 February 2018 | Updated: 04:46 GMT, 27 February 2018 50 Cent admitted 'recent reports falsely stated' he owned a bitcoin fortune on Friday. The 42-year-old rapper filed documents in his bankruptcy case explaining he did not report cryptocurrency earnings to the IRS as the 'reports suggesting he owned millions in Bitcoins were lies' according to documents obtained by the Blast. As to why he went along with the false claims, the In Da Club singer reasoned: 'I feel the press report in question is favorable to my image or brand.' Backtrack: 50 Cent, 42, admitted 'recent reports falsely stated' he owned a massive bitcoin fortune on Friday This information was discovered by us on January 16, 2019 1:43 PM. Browse www.dailymail.co.uk for additional posts.
50 Cent s Bitcoin Story Wasn t True, He Lied Because He Looked Smart
In January, an early candidate for one of the year?s best stories broke: In 2014, when 50 Cent released his album Animal Ambition, he accepted the then-fledgling Bitcoin as a payment method and then forgot about his haul for years. The Bitcoin he earned from that move reportedly earned him about 7 million dollars, which is a pretty big chunk of change to forget about. It turns out that the only thing 50 Cent forgot about, though, was honesty. The Fader notes that new filings were made in bankruptcy court to refute allegations that 50 Cent didn?t properly disclose all of his assets, including his supposed Bitcoin trove, and they say that he ?never owned, and does not own, a bitcoin account or any bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present.? This entry was first seen by us on January 16, 2019 1:42 PM. Visit uproxx.com for more similar content.
50 Cent Corrects the Record, Admits He Has Never Owned Bitcoin | Breitbart
50 Cent announced this week that reports that he held 700 Bitcoins after accepting the dominant cryptocurrency during the sale of his 2014 album, Animal Ambition, were not correct. Although 50 Cent accepted Bitcoins for the 2014 album, new court documents filed by the rapper disclose that 50 Cent never truly pocketed the cryptocurrency. All album sales made with Bitcoin were immediately converted to U.S. dollars based upon the exchange rate at the time of purchase. All online transactions involving my brand were handled by an independently owned and operated third part, Central Nervous LLC.. the limited bitcoin transactions that occurred online were processed and converted to U.S. Dollars contemporaneously, based upon the then-existing exchange rate? This article was first seen by us on January 16, 2019 1:42 PM. Browse www.breitbart.com for more.
50 Cent Denies Earning Millions Of Dollars In Bitcoin From 2014 AlbumSales | ETCanada.com
By Shakiel Mahjouri. 27 Feb 2018 7:44 AM 50 Cent may have been kidding when he said ?I Get Money? in 2007. The rapper, actor, and entrepreneur was reported to have made a unique business move in 2014 that scored him a return even he wasn?t expecting. RELATED: 50 Cent And Ja Rule Reignite Their Bitter Rap Feud For the release of his 2014 album Animal Ambition, 50 Cent accepted bitcoin as a form of purchase, alongside traditional and streaming sales. The rapper?s album brought in about 700 bitcoins which, according to TMZ, were worth several hundred thousand dollars at the time. Since then, the value of bitcoin has skyrocketed, reportedly earning the ?Candy Shop? rapper a remarkable estimated return of $7.7 million in today?s market. This share was retrieved by us on January 16, 2019 1:42 PM. Check out etcanada.com for complete listings from this source.
50 Cent gesteht: Ich bin doch kein Bitcoin-Millionr - manager magazin
Erst im Januar hatte sich Rapper 50 Cent (bürgerlich Curtis Jackson) eines Glücksgriffs gebrüstet: Mit einer frühen Wette auf den Erfolg der Digitalwährung Bitcoin wollte der US-Amerikaner knapp 8 Millionen Dollar verdient haben. In einem Gerichtsdokument, über das zunächst die US-Promi-Website "The Blast" berichtete, hält Jackson fest, dass er niemals Bitcoin oder einen digitalen Geldbeutel besessen habe. Vor einigen Wochen hatte zunächst eine andere Promi-Website, TMZ, berichtet, Jackson habe seine Fans 2014 ein Album auch in Bitcoin bezahlen lassen. Die so zustande gekommene Summe an digitalem Geld sei bis zu 8 Millionen Dollar wert gewesen. Jackson selbst hatte den Bericht später auf seinen Social-Media-Accounts bestätigt, auf Instagram etwa einen Screenshot der Geschichte geteilt: "I forgot I did that shit. Lol." This information was first found by us on January 16, 2019 1:42 PM. Check out www.manager-magazin.de for complete listings from this source.
50 Cent Reportedly Got Rich Again Thanks To Bitcoin Search Close Search Close
Curtis ?50 Cent? Jackson became famous for rapping and surviving an insane number of gunshots. He has stayed famous for his reputation as a pretty damn savvy investor. According to sources who spoke with TMZ, 50 is now reaping the rewards of being an early believer in bitcoin. In 2014, the multi-hyphenate entertainer and businessman announced he would accept bitcoin as payment for his album Animal Ambition. You may have forgotten about Animal Ambition, but the rapper probably hasn?t: After taking in about 700 units of the cryptocurrency for his work, 50 just sat on the bitcoins. Now they?ve reportedly matured to somewhere between $7 and $8 million. You may remember also that 50 landed a massive payday back in 2010 when Coca-Cola Company purchased Glaceau, the owner of Vitamin Water. Thanks to an early investment in the flavored water, and a signature grape-flavored drink called Formula 50, the rapper is speculated to have received upward of $100 million for his stake in the deal. This article was discovered by us on January 16, 2019 1:42 PM. Check out www.vulture.com to find more similar content.
50 Cent gives priceless reaction to realizing he owns $7.5 million worth of Bitcoin - Golf Digest
Most of us would probably be aware of a potential investment that could net us millions of dollars. How about 50 Cent? Turns out, he "forgot" he owned Bitcoin holdings that are worth almost $8 million now. Talk about a bonus. Turns out that 50 Cent's 2014 album Animal Ambition included a deal for him to accept Bitcoin for purchases of the album. Back then, they were worth hundreds of dollars. Now? We're talking millions as the cryptocurrency has taken off. The rapper shared this on Instagram in a post Wednesday evening, adding in a comment that "I'm a keep it real. I forgot I did that s***." True story, Fifty. This information was retrieved by us on January 16, 2019 1:42 PM. See www.golfdigest.com for more similar content.
50 Cent accidentally made millions in bitcoin on his last album | Dazed
Way back in 2014, before bitcoin was on the news every single day and it was still relatively unknown, one big name took a chance on it ? 50 Cent. When the rapper?s last album, Animal Ambition, was released in 2014, bitcoin was only valued at $662 per bitcoin. 50 Cent accepted payment for his album in the digital currency ? customers could get their own copy for just a fraction of a bitcoin, obviously. According to TMZ, Animal Ambition managed to pull in an impressive 700 bitcoin in sales, which is over $400k. The cryptocurrency sat around about in 50?s account for the years that have passed ? in 2018, bitcoin?s value is fluctuating between $10k and $12k. Maths is hard, but that means 50 Cent is sitting on somewhere between $7 million and $8.5 million. This entry was obtained by us on January 16, 2019 1:41 PM. Have a look at www.dazeddigital.com for more.
50 Cent forgot he took 700 bitcoins for a 2014 album. Now, they're worth $7.5 million | MPR News
When 50 Cent agreed to accept bitcoin for purchases of his 2014 album, Animal Ambition, a unit of the cryptocurrency was already worth hundreds of dollars ? but the value of those sales has since skyrocketed and the rapper's bitcoin holding is now reportedly worth more than $7.5 million. "Not Bad for a kid from South Side, I'm so proud of me," 50 Cent wrote in an Instagram post citing TMZ's story about his unexpected windfall. Alongside emojis of a sack of money and a person holding up their hands in a "What?" pose, he added, "LOL." In an additional comment that could either amaze or exasperate people who would love to find a pile of money, 50 Cent added, "I'm a keep it real. I forgot I did that s***." This item was retrieved by us on January 16, 2019 1:41 PM. Browse www.mprnews.org for additional posts.
Rapper 50 Cent Admits That He Never Actually Owned Bitcoin - CryptoTicker
About a month ago, news about 50 Cent?s secret Bitcoin stash surfaced in the pop culture scene. Apparently, the rapper had accrued over 700 Bitcoins, thanks to the sale of his 2014 studio album, Animal Ambition. 50 Cent?s holdings in Bitcoin, at today?s valuation of Bitcoin, is worth close to $7 million. 50 Cent revealed this information in an Instagram post, where he wrote, ?Not Bad for a kid from South Side, I?m so proud of me.? Alongside emojis of a person shrugging and a sack of money, he added, lightheartedly, ?LOL.? Today, 50 Cent clarified that he did not actually make millions by accepting Bitcoin as a form of payment for his 2014 album. Based on a court document on Friday, the rapper admitted that he never owned any Bitcoins in order to fit the rhetoric that he gave the court when he filed for bankruptcy back in 2015. However, when asked why he went along with the false story that TMZ crafted, 50 Cent?s answer was simple: This post was first found by us on January 16, 2019 1:41 PM. Browse cryptoticker.io to find more similar content.
Report: 50 Cent 'forgot' he was paid in bitcoin in 2014. It's now worth about $8M. - SFGate
According to TMZ, instead of accepting money, 50 Cent received shares of bitcoin. As recently as 2015, rapper Curtis "50 Cent" Jackson claimed to be flat broke. The second-wealthiest rapper in history meekly pleaded his case in bankruptcy court. But less than three years later, the man who went from rags to riches to rags again is again a millionaire ? many times over, in fact. 50 Cent reportedly cashed in his minority stake in Effen Vodka for $60 million in 2017. (The company says its partnership with the rapper continues, however.) On Tuesday TMZ reported that 50 took bitcoin as payment for his 2014 album "Animal Ambition," back when companies such as Microsoft, Dell and Overstock.com were just beginning to accept the cryptocurrency. He supposedly was the first rapper to take a chance on bitcoin. This posting was first seen by us on January 16, 2019 1:41 PM. You may want to visit www.sfgate.com for more from this source.
50 Cent Admits He Never Made a Fortune Off Bitcoin - XXL
So it turns out 50 Cent is not the cryptocurrency mogul we all thought he was. Or, at least that's what he wants the bankruptcy court to think. As previously reported, in January, TMZ ran a story that stated Fif had made millions due to him getting on the Bitcoin craze early and offering it as a payment option to fans for his album, Animal Ambition. According to the report, 50 brought in about 700 bitcoins in sales. Then valued at around $662 per bitcoin, the site calculated the decision had hauled in over $400,000 for the MC. The Queens rapper reportedly sat on the lump sump, and with the crypto boom, he raked in between $7 million and $8.5 million. This piece was discovered by us on January 16, 2019 1:41 PM. Browse www.xxlmag.com for more.
Bitcoin Millionaire 50 Cent Flips, Denies Owning Cryptocurrency
Home » News » Bitcoin Millionaire 50 Cent Flips, Denies Owning Cryptocurrency In courtroom documents obtained from his bankruptcy hearings, rapper 50 Cent admitted he never owned any Bitcoins. He had previously boasted owning the cryptocurrency, having accepted Bitcoin as payment for his 2014 album, Animal Ambition. Initially reported by TMZ, the rapper, whose real name is Curtis Jackson, collected around 700 Bitcoin in Animal Ambition album sales. At the time, 700 Bitcoin were worth around $400,000. By early 2018, however, that value had soared. 50 Cent was reported to have had $8 million worth of Bitcoin sitting idle. This posting was found by us on January 16, 2019 1:40 PM. You may want to visit www.ccn.com for more.
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