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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

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).
January 16, 2019 1:39 PM

www.newshub.co.nz

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.
January 16, 2019 1:39 PM

www.vibe.com

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.?
January 16, 2019 1:39 PM

www.billboard.com

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.?
January 16, 2019 1:39 PM

twentytwowords.com

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.
January 16, 2019 1:39 PM

www.news.com.au

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
January 16, 2019 1:38 PM

www.iol.co.za

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.
January 16, 2019 1:38 PM

www.maxim.com

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.
January 16, 2019 1:38 PM

www.avclub.com

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.
January 16, 2019 1:38 PM

www.bbc.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.
January 16, 2019 1:38 PM

www.tmz.com

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." 
January 16, 2019 1:38 PM

mashable.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."
January 16, 2019 1:38 PM

www.newsmax.com

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.
January 16, 2019 1:38 PM

www.forbes.com

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.
January 16, 2019 1:38 PM

pagesix.com

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