50 Cent Denies Owning Bitcoins  - WSJ 50 Cent Denies Owning Bitcoins - WSJ
Rapper 50 Cent said in court papers that he has never owned bitcoins, countering recent news reports that said he kept a secret stash of the volatile digital currency worth millions of dollars during his 2015 bankruptcy. The entertainer, whose real name is Curtis James Jackson III, said in sworn testimony he didn?t deny the media reports because ?the press coverage was favorable and suggested that I had made millions of dollars.? This item was found by us on January 16, 2019 1:40 PM. You may want to visit www.wsj.com for additional posts.

 Get Rich or Die Tryin : 50 Cent first rapper to become bitcoin millionaire   RT Business News Get Rich or Die Tryin : 50 Cent first rapper to become bitcoin millionaire RT Business News
Back in 2014, he announced that he was accepting bitcoins for his album, Animal Ambition, released in June that year. Bitcoin was worth around $660 at the time. Jackson received approximately 700 bitcoins from the album, which was worth around $400,000 at the time. The sum has since swelled to about $8 million, as the cryptocurrency surged to $11,000. He would have cashed out about $15 million if he had sold the bitcoins on December 17, when cryptocurrency peaked at about $20,000 per token.  ?????all moneys is good money over here?South Side. #denofthieves #theoath Mar 8 ?????????? ?? 50 Cent (@50cent) ??? 24, 2018 at 8:38 PST This publication was retrieved by us on January 16, 2019 1:40 PM. You may want to visit www.rt.com for more similar content.

50 Cent was the first rapper to be paid in bitcoin and it really worked out for him | The FADER 50 Cent was the first rapper to be paid in bitcoin and it really worked out for him | The FADER
In 2014, 50 Cent became the first rapper to accept bitcoin as payment for his work, according to TMZ. He was paid about 700 bitcoins for sales on Animal Ambition, which at the time were worth about $662 per bitcoin. Now, those very same bitcoins are worth between $10k and $12k, meaning 50 Cent pulled in anywhere between $7 and $8.5 million for the 2014 album. If you understand bitcoin (I do), this means that 50 Cent made a wise investment in cryptocurrency, and is now being rewarded for it. As fans are pointing out, it's also a nice bonus on an album that didn't quite do the numbers of its predecessors. This posting was first found by us on January 16, 2019 1:40 PM. Visit www.thefader.com for more.

Rapper 50 Cent Has Millions in Bitcoin - Bitcoin News Rapper 50 Cent Has Millions in Bitcoin - Bitcoin News
Rapper 50 Cent reportedly found out he has millions of dollars worth of bitcoin from long-ago album sales. Nearly 700 bitcoin were paid in return for a 2014 release, and was promptly forgotten. Four years later, the world?s most popular cryptocurrency is hovering around 11,000 USD per coin, which would net the artist a cool 7.7 million USD. Also read: Tezos Swiss Foundation Concept is ?Old, Inflexible and Stupid? ?I?m a keep it real I forgot I did that shit. Lol,? Rapper 50 Cent commented on Instagram. Harvey Levin?s gossip and celebrity driven news organization, Thirty Mile Zone (TMZ), is reporting that according ?to sources who spoke with TMZ, 50 is now reaping the rewards of being an early believer in bitcoin.? The rap star Curtis James Jackson III, better known as 50 Cent, offered to accept the decentralized cryptocurrency in exchange for his fifth full length album, Animal Ambition (Caroline Records). This entry was obtained by us on January 16, 2019 1:40 PM. You may want to visit news.bitcoin.com for more.

What s Bitcoin  50 Cent Makes At Least $7 Million In Cryptocurrency | News One What s Bitcoin 50 Cent Makes At Least $7 Million In Cryptocurrency | News One
Copyright © 2019 Interactive One, LLC. 50 Cent is teaching the world how to stunt again. The mogul is now a bitcoin millionaire, thanks to a forgotten investment that steadily grew to at least $7 million over just a few years, TMZ reported. But what exactly is bitcoin? 50 Cent just realized he has millions worth of Bitcoin from his 2014 album sales https://t.co/18TOrawwXZ pic.twitter.com/M6UWKtvIGZ ? Forbes (@Forbes) January 25, 2018 It?s a type of digital currency or cryptocurrency used for online transactions such as buying clothes or other merchandise. But there are no banks involved in these transactions because people can buy bitcoins and directly use them to get stuff. This item was found by us on January 16, 2019 1:40 PM. You may want to visit newsone.com to find more similar content.

50 Cent has a bitcoin collection worth more than $7 million:  I forgot I did that s--t  - NY Daily News 50 Cent has a bitcoin collection worth more than $7 million: I forgot I did that s--t - NY Daily News
50 Cent won't have to die trying to get rich ? thanks to a long-forgotten bitcoin stash, he's already got it covered. The rapper proved himself a shrewd businessman ? or perhaps just a lucky guesser ? back in 2014 when he agreed to accept bitcoins as payment for his fifth album, "Animal Ambition." Though he said at the time he was just trying to "stay with times," the money move has since paid off in a big way. TMZ reports that 50 ? whose real name is Curtis Jackson ? earned about 700 bitcoins, which today is valued at anywhere between $7 to $8.5 million. At the time, each coin was worth around $662, though fans were able to purchase the album by forking over just a fraction of an entire coin. This item was retrieved by us on January 16, 2019 1:40 PM. Check out www.nydailynews.com for more.

50 Cent Lied About Bitcoin Fortune - Crypto Daily 50 Cent Lied About Bitcoin Fortune - Crypto Daily
The cryptocurrency market is slowly picking up again after a pretty poor performance this year, and is having a positive effect on all crypto coins. More people than ever used cryptocurrencies in 2018, and at BitStarz, Bitcoin, Ethereum, Dogecoin, Bitcoin Cash and Litecoin wagering went through the roof! One player won $206,551 on a single Book of Aztec spin. Maybe not enough to make Satoshi Nakamoto jealous, but nevertheless a super win! Copyright © 2019 Crypto Daily? Crypto Daily Pte Ltd, 1 Thomson road, Balestier hill, Singapore 300001, Registered number: 201812719R This publication was obtained by us on January 16, 2019 1:40 PM. See cryptodaily.co.uk for complete listings from this source.

Rapper 50 Cent forgot he had 700 Bitcoins as part of an album deal - TechSpot Rapper 50 Cent forgot he had 700 Bitcoins as part of an album deal - TechSpot
Curtis Jackson, who goes by the stage name 50 Cent, is the latest in a long list of people who are now rich off of Bitcoin they forgot they owned. He released the album Animal Ambition back in 2014 and was one of the first music artists to accept Bitcoin as a form of payment. First reported by TMZ, this turned out to be one of the best financial decisions he has ever made. The album came out well before Bitcoin gained the popularity it has today so there weren't too many people with Bitcoin willing to spend it on his album. He took the chance and it ended up paying off dozens of times over. Album sales were around 700 BTC which at the time was around $450,000. At the current market rate of about $12,000, this is now worth nearly $8.5 million. In a social media comment he said, "Not bad for a kid from South Side, I?m so proud of me." He also posted the following tweet: This posting was retrieved by us on January 16, 2019 1:39 PM. Browse www.techspot.com for complete listings from this source.

50 Cent's Bitcoin Bet A Million-Dollar Boon - Hartford Courant 50 Cent's Bitcoin Bet A Million-Dollar Boon - Hartford Courant
For 50 Cent, the rapper and longtime Farmington mansion owner, ?all money is good money,? regardless of the currency. Reports surfaced this week that 50 Cent, who notably spent months in bankruptcy court in Connecticut settling $36 million in debts, may be sitting on millions of dollars after gambling on letting fans buy his 2014 album, ?Animal Ambitions,? with bitcoin. TMZ first reported that 50 Cent, whose real name is Curtis Jackson III, amassed 700 bitcoin from sales of the album, an amount that remains untouched. Given the surge in cryptocurrency values, his 700 bitcoin would net more than $7.6 million if sold Thursday on the exchange. The new album, on the whole, did not sell nearly as many copies as his past records. Billboard put the number at 124,000. This entry was discovered by us on January 16, 2019 1:39 PM. Visit www.courant.com for more similar content.

50 Cent is a Bitcoin millionaire | Newshub 50 Cent is a Bitcoin millionaire | Newshub
Rapper 50 cent is a Bitcoin millionaire, after sitting on 700 Bitcoin he received in 2014. The Get Rich or Die Tryin' artist, whose real name is Curtis Jackson, sold copies of 2014 album Animal Ambition in exchange for Bitcoin. Jackson was an early adopter of the cryptocurrency and it's now paying off big time. He reportedly hasn't touched the 700 Bitcoin since he received them, according to Forbes. The cryptocurrency has skyrocketed in value in recent years, meaning 50 Cent's Bitcoin stack is now worth up to $13 million ($US 10 million). At the time he received the payments, they were worth about $600 ($US 450). This share was discovered by us on January 16, 2019 1:39 PM. Have a look at www.newshub.co.nz for more similar content.

50 Cent Says Bitcoin Fortune Is Fake News | Vibe 50 Cent Says Bitcoin Fortune Is Fake News | Vibe
February 27, 2018 - 7:45 pm by Jessica McKinney TWITTER While reporting to bankruptcy court, the rapper revealed that he never received millions from his reported 2014 album.  At the top of 2018, several reports stated that 50 Cent had cashed in on millions thanks to him investing in Bitcoin very early on in the game. According to those reports, Fif allowed customers to use the cryptocurrency to purchase his 2014 album, Animal Ambition, ultimately earning him between $7 million to $8.5 million. While fans marveled at the rapper's genius, it turns out it was all fake news. 50 Cent recently reported to bankruptcy court to deal with his current financial woes when he revealed the news. The court reportedly questioned the artist about the unclaimed funds.  According to court documents obtained by The Blast on Feb. 26, the various reports going around were merely rumors; he never made a dime from the cryptocurrency. This publication was obtained by us on January 16, 2019 1:39 PM. Check out www.vibe.com to find more similar content.

50 Cent Tells Bankruptcy Court He Never Owned Bitcoin: Report | Billboard 50 Cent Tells Bankruptcy Court He Never Owned Bitcoin: Report | Billboard
After claiming he earned a whopping $7 million through Bitcoin last January, it appears that 50 Cent never made a dime to begin with. New documents obtained by The Blast suggest that 50 never profited off Bitcoin and that he was being dishonest about his involvement because he enjoyed the good publicity.  ?As a general matter, so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting," 50 revealed in the new documents. "This is particularly true when I feel the press report in question is favorable to my image or brand, even if the report is based on a misunderstanding of the facts or contains outright falsehoods.? This entry was discovered by us on January 16, 2019 1:39 PM. Browse www.billboard.com to find more similar content.

50 Cent Forgot He Had Bitcoin and Ended Up 'Accidentally' Making 8 Million Dollars | 22 Words 50 Cent Forgot He Had Bitcoin and Ended Up 'Accidentally' Making 8 Million Dollars | 22 Words
If you were hesitant about all this Bitcoin business, let 50 Cent's success story convince you otherwise. The "Candy Shop" rapper hilariously and forgetfully made $8 million in Bitcoin without even dropping a verse. It was a great day for 50 Cent as he woke up and realized the ghost of Bitcoin?s past has come back not to haunt him, but to shower him with an unexpected and overwhelming amount of money. In 2014, he released his album Animal Ambition: An Untamed Desire to Win featuring collaborations with artists like Trey Songz and Yo Gotti. It didn?t necessarily top the charts; in fact, The Guardian critiqued it saying ?unchanged are his limitations as a rapper, both technically and in his choice of subjects.? This publication was obtained by us on January 16, 2019 1:39 PM. Browse twentytwowords.com for more from this source.

Bitcoin: How 50 Cent accidentally made $9.9m Bitcoin: How 50 Cent accidentally made $9.9m
FEW thought it was good to bet on bitcoin once. The rapper didn?t even remember he did, but now he?s reaping the rewards. Even though 50 Cent filed for bankruptcy it appears appraises have found over $10 million in checking and brokerage accounts and his businesses are worth over $44 million. 50 Cent didn?t even realise bitcoin has made him a multi-millionaire. Picture: Kevin WinterSource:Getty Images WHEN 50 Cent released Animal Ambition in 2014, he decided he?d take a leap of faith and accept bitcoin as a legitimate way to pay for his fifth studio album. Plenty 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. This entry was discovered by us on January 16, 2019 1:39 PM. Visit www.news.com.au for additional posts.

50 Cent becomes a bitcoin millionaire | IOL Business Report 50 Cent becomes a bitcoin millionaire | IOL Business Report
International / 26 January 2018, 07:30am / Staff Reporter A little bitcoin anyone? LOL. l know l make you sick but excuse me.I?m getting to the bag ? #denofthieves pic.twitter.com/DCJu2thDr9 ? 50cent (@50cent) January 23, 2018 What if 50 Cent changes his name to 50 Bitcoin ? Hunter Lacey (@hunterlately) January 25, 2018 Gotta hand it to 50 cent. Who else gets shot nine times and hodls 700 Bitcoin. ? Michael Krieger (@LibertyBlitz) January 25, 2018 #PitchBlackAfro 'should have managed his emotions better,' says friend Zimbabweans are begging for help Mboweni wants end to Zimbabwe sanctions Target of deadly Nairobi militant attack was US conference - authorities This piece was discovered by us on January 16, 2019 1:38 PM. Visit www.iol.co.za for additional posts.

50 Cent Made $8 Million in Bitcoin and 'Totally Forgot' All About It - Maxim 50 Cent Made $8 Million in Bitcoin and 'Totally Forgot' All About It - Maxim
Curtis Jackson is better known to fans as 50 Cent. Most fans know his stage name is not a reference to his bank account. As for 50, he apparently doesn't even know how much he has in the bank. Because how do you miss $8 million? Pretty easily, according to Fitty. TMZ reports the rapper earned the money on his 2014 album Animal Ambition, which was available for purchase with Bitcoin, at the time still a rare and lesser-known form of cryptocurrency.  50 acknowledged the money in an Instagram comment that's been deleted, reports Newsweek, saying, "I?m a keep it real I forgot I did that shit. Lol." We're not sure why he'd delete that, it's pretty funny, but he did later tweet about it. This post was first seen by us on January 16, 2019 1:38 PM. You may want to visit www.maxim.com to find more similar content.

50 Cent apparently made a ton of money on Bitcoin 50 Cent apparently made a ton of money on Bitcoin
Most people don?t really understand Bitcoin or how it works, allowing a small handful of those who do know how it works to inexplicably make a whole bunch of money by?doing something related to computers. Apparently, 50 Cent is one of these people who somehow made a bunch of money using Bitcoin?which apparently just exist digitally and are not created by jamming dimes into a computer?s USB ports?with TMZ claiming that he could be sitting on somewhere around $7 million in these space bucks. 50 Cent accepted Bitcoin payments for his 2014 album Animal Ambition, selling it for a fraction of a single coin back when the things (which, again, are not physical things) were worth around $600 each, and TMZ says he made about $400,000 in Bitcoin sales. He still has those Bitcoins according to the site?s sources, and thanks to the meteoric rise in value that this cryptocurrency has enjoyed lately, that collection should now be worth between $7 million and $8.5 million. Of course, the problem with Bitcoin (other than the fact that it may cause you to ruin your USB ports by stupidly cramming dimes into them) is that the value fluctuates like crazy?so it could be worth nothing by the time you read this sentence. This share was discovered by us on January 16, 2019 1:38 PM. Browse www.avclub.com for more similar content.

50 Cent forgot he had a stash of Bitcoin now worth $8m - BBC News 50 Cent forgot he had a stash of Bitcoin now worth $8m - BBC News
These are external links and will open in a new window 50 Cent has discovered that he is a Bitcoin millionaire, thanks to some long-forgotten album sales. In 2014, he released the album Animal Ambition and became the first artist to accept Bitcoin as payment. The rapper received more than 700 Bitcoins under the deal, but then forgot about the cryptocurrency, according to celebrity news site TMZ. The hoard is worth $7-$8m, although the currency's price volatility means that could change fast. In 2014, one Bitcoin was equivalent to about $662, but was worth about $11,200 on Thursday according to Coindesk. This publication was obtained by us on January 16, 2019 1:38 PM. Browse www.bbc.com for more similar content.

50 Cent's Earned Millions Selling His Album for Bitcoin | TMZ.com 50 Cent's Earned Millions Selling His Album for Bitcoin | TMZ.com
50 Cent ?took a chance on bitcoin years before anyone knew what cryptocurrency even was ... and it's paid off more than 7 million times over. Rewind to 2014 and 50's album, "Animal Ambition," when the rapper became the first to accept bitcoin -- which was then valued at around $662/bitcoin -- as payment for his work. We're told customers could get a copy of the album for just a fraction of a whole bitcoin. Our sources say "Animal Ambition" pulled in about 700 bitcoin in sales ... over $400k. We're told the cryptocurrency sat dormant in his account for years.  Fast-forward to today -- when bitcoin's value has fluctuated between $10k and $12k per coin. Turns out 50 is a money genius ... sitting on anywhere between $7 million and $8.5 million. This article was retrieved by us on January 16, 2019 1:38 PM. See www.tmz.com for more from this source.

50 Cent accidentally became a Bitcoin millionaire 50 Cent accidentally became a Bitcoin millionaire
If you're looking for 50 Cent you can probably find him in the club, celebrating his new Bitcoin fortune worth over $7 million. Yeah. Apparently years ago while you were all snoozing on the future cryptocurrency fad, rapper 50 Cent "took a chance" on Bitcoin and started accepting the digital coin as payment for his music. He essentially forgot all about it, until the recent Bitcoin boom reminded him, and has since realized the move seriously paid off. SEE ALSO: Stripe won't accept Bitcoin anymore The rapper's unexpected riches were first reported by TMZ on Tuesday, who noted 50 Cent first started accepting Bitcoin as payment after releasing his 2014 album, "Animal Ambition."  This posting was found by us on January 16, 2019 1:38 PM. Visit mashable.com for additional posts.

Rapper 50 Cent Backtracks on Bitcoin Millionaire Reports | Newsmax.com Rapper 50 Cent Backtracks on Bitcoin Millionaire Reports | Newsmax.com
Actor/rapper Curtis Jackson aka 50 Cent (Stephen Lovekin/Getty Images) By Clyde Hughes    |   Wednesday, 28 February 2018 09:52 AM Rapper 50 Cent, for the record, never owned Bitcoin and therefore never made millions on the rapid rise of the cryptocurrency, he confessed in bankruptcy court documents filed last week. According to CNBC, the rapper clarified in documents relating to his 2015 Chapter 11 bankruptcy filing that he doesn't own "and have not owned, either a Bitcoin account or any Bitcoins." In January, 50 Cent shared a screenshot of a TMZ article on social media, captioning it: "Not Bad for a kid from South Side, I'm so proud of me." This posting was discovered by us on January 16, 2019 1:38 PM. See www.newsmax.com for additional posts.

50 Cent Realized He Has Millions In Bitcoin From Before It Was Cool 50 Cent Realized He Has Millions In Bitcoin From Before It Was Cool
Rapper, actor, and entrepreneur Curtis Jackson, aka 50 Cent, and son Sire Jackson arrive for the Premiere Of STX Films' 'Den Of Thieves' at Regal LA Live Stadium 14 on January 17, 2018 in Los Angeles, California. (Credit: Albert L. Ortega/Getty Images) Rapper, actor and entrepreneur Curtis Jackson, better known as 50 Cent, has been known to get money, but he only recently discovered that he's got millions in Bitcoin, too ? for now, anyway. As TMZ first reported this week, Jackson appears to be the latest in a series of celebrities and other forward-thinking investors found to be Bitcoin millionaires since the cryptocurrency's value left orbit. This data was first seen by us on January 16, 2019 1:38 PM. Visit www.forbes.com for complete listings from this source.

50 Cent admits he didn t make $8M in Bitcoin | Page Six Page Six TV 50 Cent admits he didn t make $8M in Bitcoin | Page Six Page Six TV
Thanks for contacting us. We've received your submission. By Francesca Bacardi and Ian Mohr It turns out 50 Cent making a fortune in Bitcoin isn?t true. The ?In Da Club? rapper admits that ?recent media reports have falsely stated? his investments with Bitcoin, according to new documents ? obtained by Page Six via The Blast ? that were filed in Connecticut as part of his ongoing bankruptcy case. The truth is that 50 Cent ?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.? The ?Power? actor, 42, was referring to reports from last month claiming he had made about $8 million in Bitcoin after allowing his 2014 album, ?Animal Ambition,? to accept the cryptocurrency as payment. This post was discovered by us on January 16, 2019 1:38 PM. Check out pagesix.com for more from this source.

50 Cent becomes accidental Bitcoin millionaire with forgotten investment  Telegraph logo Feed of articles Saved articles Save 50 Cent becomes accidental Bitcoin millionaire with forgotten investment Telegraph logo Feed of articles Saved articles Save
50 Cent?s gamble on Bitcoin has paid off handsomely after the rapper discovered his investment in the cryptocurrency is now worth millions. The American performer and businessman, whose real name is Curtis James Jackson III, admitted he had forgotten he even owned some of the volatile cryptocurrency. He let fans purchase his album Animal Ambition for just a fraction of a Bitcoin in 2014, when its price hovered around $662 (£460), with the rapper making 700 Bitcoin from sales. The Bitcoin has remained untouched in his bank account for the past four years, reports say, and is now worth millions. Bitcoin?s price exploded to a high of above $19,000 (£13,000) in December last year but has fallen to just above the $11,000 mark in the early weeks of 2018. This information was discovered by us on January 16, 2019 1:37 PM. Have a look at www.telegraph.co.uk for more.

Bitcoin: How 50 Cent Accidentally Became a Millionaire | Inverse Bitcoin: How 50 Cent Accidentally Became a Millionaire | Inverse
Curtis Jackson, better known by his rap alias 50 Cent, has built up one of the most impressive resumés of all time. He dominated the hip-hop scene in the early 2000s, started world-famous rap clique G-Unit, and now he?s a bitcoin millionaire. That?s right, even legendary emcees are hopping on the cryptocurrency bandwagon, though 50 Cent?s crypto chronicles began completely unintentionally. According to a report from the Los Angeles Times, the rapper was one of the first major musicians to accept bitcoin payments for his 2014 album Animal Ambition. Sales for his fifth studio album were pretty underwhelming compared to his previous projects. But of the 205,000 copies sold, a portion were paid for in bitcoin, netting 50 Cent about 700 bitcoins. This entry was found by us on January 16, 2019 1:37 PM. Browse www.inverse.com for complete listings from this source.

50 Cent Became a Bitcoin Millionaire from Sales of His 2014 Album 50 Cent Became a Bitcoin Millionaire from Sales of His 2014 Album
He's laughing straight to the bank. Back in 2015, 50 Cent filed for bankruptcy, and spent the next year and a half paying off more than $22 million in debt to get even. Now, at the beginning of 2018, he's found out that he accidentally became a bitcoin millionaire. A lot can happen in two years. TMZ reports that when the rapper released his 2014 album Animal Ambition, he accepted payment in the form of bitcoin. In those long ago days, people weren't hungrily chasing cryptocurrency fluctuations like they do today. Bitcoin was worth just $662, meaning fans paid fractions of bitcoin for the release, which added up to 700 bitcoin total in album sales. Then, it just sat there. This post was discovered by us on January 16, 2019 1:37 PM. See www.esquire.com for additional posts.

50 Cent Reportedly Made Millions in Bitcoin After Accepting it for Album Payment in 2014 | Complex 50 Cent Reportedly Made Millions in Bitcoin After Accepting it for Album Payment in 2014 | Complex
Deputy Music Editor. Contact: Twitter / IG Since it was announced in early 2017 that 50 Cent was no longer bankrupt, the rapper-turned-mogul's financial situation keeps taking wild new turns in positive directions. Last July, he sold a $60 million share in Effen Vodka, and now it's been revealed that he made millions by getting into the suddenly trendy cryptocurrency game early. According to a report from TMZ, 50 became the first rapper to accept bitcoin as payment for his Animal Ambition album upon its 2014 release. The project reportedly earned him 700 bitcoins in total. At the time, each bitcoin was worth $662, so 50 pocketed approximately $463,000 in sales. This share was retrieved by us on January 16, 2019 1:37 PM. You may want to visit www.complex.com for more.

50 Cent Denies He's a Bitcoin Millionaire In Bankruptcy Filing Academy caret Investopedia Logo 50 Cent Denies He's a Bitcoin Millionaire In Bankruptcy Filing Academy caret Investopedia Logo
Rapper 50 Cent denied he's a bitcoin millionaire in a bankruptcy filing, where he threw cold water on his newfound cryptocurrency street cred. 50 Cent, whose real name is Curtis Jackson, filed a sworn statement with a Connecticut bankruptcy court last week asserting that he "has never owned, and does not now own, a bitcoin account or any bitcoins." The media hype erupted in January 2018, when celebrity gossip site TMZ reported that 50 Cent had received 700 bitcoins as payment for his fifth rap album "Animal Ambition," in 2014. (See more: Rapper 50 Cent Just Realized He's a Bitcoin Millionaire.) Based on today's bitcoin price of about $10,500 per token, that amounts to more than $7 million. That hefty trove undermined 50 Cent's claims in his bankruptcy filing, where he insists he's broke as a joke and can't afford to pay his debts. This data was discovered by us on January 16, 2019 1:37 PM. See www.investopedia.com for more from this source.

Rapper 50 Cent Just Realized He's a Bitcoin Millionaire Academy caret Investopedia Logo Rapper 50 Cent Just Realized He's a Bitcoin Millionaire Academy caret Investopedia Logo
50 Cent?s decision to accept bitcoin payments for his 2014 ?Animal Ambition? album has netted the Grammy award-winning rapper a multi-million dollar windfall. Celebrity gossip website TMZ reported that 50 Cent, real name Curtis Jackson, raked in about 700 bitcoins after agreeing to accept payments in the volatile digital currency for his fifth album. When ?Animal Ambition? was released in June 2014, one bitcoin was worth $662. If the report of his 700 bitcoin haul is accurate, that means Jackson made around $460,000 in sales at the time and now holds bitcoin worth roughly $8 million, according to Coindesk. This item was first seen by us on January 16, 2019 1:37 PM. See www.investopedia.com for more.

50 Cent Admits He Never Had a Bitcoin Fortune But Played Along For Show | SPIN 50 Cent Admits He Never Had a Bitcoin Fortune But Played Along For Show | SPIN
Sorry, but 50 Cent isn?t sitting on a secret fortune of forgotten bitcoin riches after all. Last month, TMZ reported that 50?real name Curtis Jackson?had accepted online payment in bitcoin for the release of his fifth album Animal Ambition in 2014, well before cryptocurrency became a hot speculative investment. The revenue, TMZ claimed, was as high as 700 bitcoin, then worth a few hundred thousand but, with the coin?s value spike over the past year, now theoretically valued at as much as $8.5 million. But in a Friday court filing first obtained by The Blast, lawyers representing 50 in his recently concluded bankruptcy case admitted that he?s ?never owned, and does not now own, a bitcoin account or any bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account.? Fans were able to buy Animal Ambition in bitcoin on 50?s website, the filling states, but the currency was paid to a management company and ?contemporaneously converted to U.S. dollars by another independent third party? before it was transferred to 50?s company G-Unit. At the time, one bitcoin was worth $657, according to TechCrunch, which examined transactions listed in the court filing and concluded that cryptocurrency sales of Animal Ambition probably only brought in around 6 or 7 bitcoin total?just a few thousand bucks. This share was found by us on January 16, 2019 1:37 PM. You may want to visit www.spin.com to find more similar content.

Aggregated knowledge base entries about Bitcoin (BTC) Titles not entered by Crypto.BI and are Copyright(C) their original authors.


Send us news tips, suggestions or general comments by email: contact [at] crypto.bi