Bitcoin News (BTC) - Page 48

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?
January 16, 2019 1:42 PM

www.breitbart.com

50 Cent Denies Earning Millions Of Dollars In Bitcoin From 2014 Album Sales | 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.
January 16, 2019 1:42 PM

etcanada.com

50 Cent gesteht: Ich bin doch kein Bitcoin-Millionär - 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."
January 16, 2019 1:42 PM

www.manager-magazin.de

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.
January 16, 2019 1:42 PM

www.vulture.com

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.
January 16, 2019 1:42 PM

www.golfdigest.com

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.
January 16, 2019 1:41 PM

www.dazeddigital.com

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***."
January 16, 2019 1:41 PM

www.mprnews.org

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:
January 16, 2019 1:41 PM

cryptoticker.io

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.
January 16, 2019 1:41 PM

www.sfgate.com

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.
January 16, 2019 1:41 PM

www.xxlmag.com

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.
January 16, 2019 1:40 PM

www.ccn.com

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.?
January 16, 2019 1:40 PM

www.wsj.com

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
January 16, 2019 1:40 PM

www.rt.com

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.
January 16, 2019 1:40 PM

www.thefader.com

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).
January 16, 2019 1:40 PM

news.bitcoin.com

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.
January 16, 2019 1:40 PM

newsone.com

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.
January 16, 2019 1:40 PM

www.nydailynews.com

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
January 16, 2019 1:40 PM

cryptodaily.co.uk

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:
January 16, 2019 1:39 PM

www.techspot.com

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.
January 16, 2019 1:39 PM

www.courant.com

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