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50 Cent backtracks, swears he's not a bitcoin millionaire
Rapper Curtis Jackson III, also known as 50 Cent, is correcting himself about the bitcoin fortune he implied he forgot he had, and which would have been worth over $7 million. He's now saying he never had it at all. In January, Jackson shared to his social media accounts a TMZ report claiming the rapper had raked in around 700 bitcoins during a 2014 album sale. CNBC Make It reported that a stake of that size would be worth about $7.8 million. Now, however, Jackson is swearing there is no fortune. On Friday, under penalty of perjury, the rapper filed documents relating to his 2015 Chapter 11 bankruptcy case to clarify that he doesn't own, "and have not owned, either a bitcoin account or any bitcoins."
January 16, 2019 1:35 PM

www.cnbc.com

50 Cent admits he has never owned, and does not now own any bitcoin TechCrunch
Reports last month that rapper 50 Cent had forgotten about $7 million or so in bitcoin he owned have been given the lie by the man himself, who declares in court documents that he ?has never owned, and does not now own, a bitcoin account or any bitcoin,? nor did any of his companies. The court documents were first obtained by The Blast, but I tracked them down as well. Curtis James Jackson III (50 Cent?s legal name) filed the ?Declaration on bitcoins? last week, well after the reports had circulated that he had rediscovered the trove of cryptocurrency. He said at the time: ?I?m a keep it real I forgot I did that shit. Lol.?
January 16, 2019 1:35 PM

techcrunch.com

Rapper 50 Cent, Who Bragged About Owning Bitcoin, Now Denies It : The Two-Way : NPR
Curtis "50 Cent" Jackson attends the Philipp Plein fashion show in 2017 in New York. Charles Sykes/Invision/AP hide caption Curtis "50 Cent" Jackson attends the Philipp Plein fashion show in 2017 in New York. First, he forgot about owning millions of dollars' worth of bitcoin. Then he bragged about it. Now, 50 Cent, who is filing for bankruptcy, says he never owned any of the digital currency after all. As NPR's Bill Chappell reported last month, the rapper, whose given name is Curtis Jackson, acknowledged in a 2014 Reddit discussion that he had accepted bitcoin in partial payment for his Animal Ambition album. A TMZ report subsequently reported an estimate of the amount he received was about 700 bitcoins.
January 16, 2019 1:35 PM

www.npr.org

50 Cent admits in bankruptcy document that he never actually owned any bitcoin - The Verge clock menu more-arrow no yes Verge3
50 Cent admitted that he did not, in fact, make $8 million in bitcoin by accepting the cryptocurrency as a form of payment for his album Animal Ambition back in 2014. In a Friday court document obtained by The Blast, the rapper admits that he has never owned bitcoin, and only went along with the initial report from TMZ because ?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.? He added, ?This is particularly true when I feel the press report in question is favorable to my image or brand.? It did make 50 Cent initially look like a baller when, at the height of bitcoin?s value, he appeared to be $8 million deep in cryptocurrency. But, to prove that he is bankrupt, he ultimately had to reveal that he does not own any bitcoin. It?s unclear whether 50 Cent is lying to bankruptcy court or earlier on social media. His reps did not immediately respond to comment.
January 16, 2019 1:34 PM

www.theverge.com

50 Cent accidentally made $8 million in bitcoin - The Verge clock menu more-arrow no yes Verge3
In 2014, rapper 50 Cent let people buy his album Animal Ambition using bitcoin. He then let his account lie unused for years, and only just recently discovered that he?s now a bitcoin millionaire, as first reported by TMZ. At the time, a single bitcoin was worth only $662, and the rapper?s fans could pick up the album for a fraction of that. In total, he pulled in over $400,000. Since then, the value of bitcoin has soared: the price of the cryptocurrency rose as high as $17,000 earlier this month, only to drop under $10,000 in recent weeks. (At the time of writing, bitcoin is now worth a little more than $11,000.) After sitting untouched in his account for years, 50 Cent?s earnings are now worth $7 million to $8.5 million, based on the current fluctuating bitcoin valuation.
January 16, 2019 1:34 PM

www.theverge.com

John Oliver tells you everything you need to know about cryptocurrency and Bitcoin You Brand, Inc
In the latest episode of ?Last Week Tonight,? host John Oliver tackled the concept of cryptocurrency, which he described as ?everything you don?t understand about money, combined with everything you don?t understand about computers.? Cryptocurrencies are digital currencies that uses encryption technology and operate independently of a central bank. Bitcoin?s explosion in recent months has received substantial coverage, and it has sparked further discussion about cryptocurrencies as a whole. But Oliver dived into crupto?s ?cult-like devotion.? ?Like most currencies, the fundamental reason Bitcoin has value is because people agree that it has value,? Oliver explained. ?At the moment, it?s really being treated more like a speculative investment than a currency.?
January 16, 2019 1:34 PM

www.youbrandinc.com

John Oliver Tackles Cryptocurrency on Last Week Tonight Bitcoin News Collab
Crypto heads will have learned nothing from Sunday?s edition of Last Week Tonight, though the show?s four million viewers should have gleaned a few insights amidst all the jokes. There have certainly been worse attempts at summarizing the world of cryptocurrency, even if Oliver?s efforts are unlikely to trigger a renewed bitcoin frenzy. The episode felt as if Oliver had just learned of cryptocurrency 10 minutes before going on air, and felt obliged to bring his audience up to speed on its history and technology post-haste. Source: John Oliver Tackles Cryptocurrency on Last Week Tonight ? Bitcoin News, Kai Sedgwick, March 13, 2018
January 16, 2019 1:34 PM

collab.ventures

Brock Pierce, Bitcoin Billionaire, Wants to Transform Puerto Rico Rolling Stone RS Live Media Logo
Subscribe to the all-new Rolling Stone! Everything you need to know from the authority on music, entertainment, politics and pop culture. Sign up for our newsletter and go inside the world of music, culture and entertainment. Brock Pierce went from child actor to Bitcoin billionaire ? now he wants to turn Puerto Rico into a Burning Man utopia Brock Pierce landed a part as a younger version of Emilio Estevez?s character, Gordon Bombay, in 'The Mighty Ducks.' This was followed in quick succession with bit parts in other movies shot in Minnesota: 'Untamed Heart,' with Christian Slater, and 'Little Big League.'
January 16, 2019 1:33 PM

www.rollingstone.com

NEM Surges 21%, Bitcoin The Star of John Oliver's Show - March 13th Cryptocurrency News | NewsBTC
-Bitcoin news, price, information & analysis XEM seems to be on a path of recovery since cryptocurrency exhchange Coincheck said it would reimburse investors who lost their funds because of the hack.  Regulators recently served Coincheck with its second order since it was was hacked in January.  Around $530 million was stolen, making this one of the biggest crypto thefts ever.  The President of the Nem Foundation Lon Wong said that The XEM trading exchange has had a wake-up call to double-check security measures and deploy all necessary security mechanisms moving forward.  Watch this video for more details and we also check out some of the highlights from John Oliver?s talk show.
January 16, 2019 1:33 PM

www.newsbtc.com

John Oliver Bitcoin and Cryptocurrency Video #HODLGANG | ServeTheHome and ServeThe
Discussion in 'Cryptocurrency Mining and Markets' started by Jeggs101, Mar 13, 2018.
January 16, 2019 1:32 PM

forums.servethehome.com

John Oliver's Crypto-Comedy explanation of Cryptocurrency and Bitcoin on HBO - CryptoMarketWire
? ?Last week tonight? show with John Oliver features an entertaining and comedic description for the everyday person about Bitcoin, blockchain, and cryptocurrencies.   Warning: explicit language
January 16, 2019 1:31 PM

cryptomarketwire.com

Let's talk about John Oliver's cryptocurrency hit-piece
About Global Crypto Press Association Global Technology News Network. When it comes to gathering, and analyzing the information we need to make wise trades - there's some problems with the current stand...

John Oliver explains the complicated world of Bitcoin
Last Week Tonight production still. Photo: Eric Liebowitz/HBO Sometimes, you start to hold forth on a subject and, with a sudden and terrible shock, realize that you may be too old for something. Is this how your parents feel? In one awful moment, you feel as if you have aged by the space of a few years. That may be all too dramatic but, given your age, you may start to feel the edges of that notion when you talk about cryptocurrency. Talking about technology, especially on television, is a tricky business. After all, John Oliver says that technology is ?the thing that will make television so high def, that I will no longer be allowed to appear on it.? Can you blame him for feeling a little defensive?
January 16, 2019 1:28 PM

culturess.com

John Oliver Explains Bitcoin With an Overpriced Beanie Baby
The gadgets, platforms, and software that make your digital life possible. if it bleeps, clicks or blinks, you?ll find it here. There?s a community for everyone online. Where your off- and online identities collide. If it happens online, it?s here. The Bazaar specializes in the stuff you don?t actually need?but you really, really want. John Oliver explains Bitcoin with an overpriced Beanie Baby Don?t get cryptocurrency? Watch this. If you?re aware of Bitcoin?s transition from jokey internet currency to serious investment opportunity, but you?re a little foggy on how that actually happened, you?re not alone.
January 16, 2019 1:28 PM

www.dailydot.com

John Oliver Got Keegan-Michael Key to Explain Bitcoin Search Close Search Close
John Oliver is preaching a sermon of respectability when it comes to bitcoin, blockchain, and cryptocurrencies, which are admittedly pretty boring. To liven up Last Week Tonight, he invited a special guest to help him get the point across: Friends From College star Keegan-Michael Key. ?The crypto market is extremely volatile and insufficiently regulated,? Key, your new financial adviser in a mint-green button-down, says. ?They pump and dump!? If blockchain-ing is your thing, listen to Key: Invest responsibly, and make sure you?re getting financial advice from the right late-night show! Already a subscriber? Log in or link your magazine subscription
January 16, 2019 1:27 PM

www.vulture.com

John Oliver on Bitcoin, blockchain, and cryptocurrency
Using Beanie Babies, Chicken McNuggets, and the comedy talents of Keegan-Michael Key, John Oliver tries to explain the wild world of Bitcoin, blockchain, and cryptocurrency, the latter of which he describes as ?everything you don?t understand about money combined with everything you don?t understand about computers?. My favorite part was the explanation of how difficult hacking the blockchain is: ? turning a Chicken McNugget back into a chicken?. This was very hard to keep watching after Oliver started detailing cryptocurrency scams and charlatans trying to take advantage of people. One of Oliver?s targets, Brock Pierce, was actually canned from the company he co-founded after the segment aired.
January 16, 2019 1:27 PM

kottke.org

John Oliver has the only Bitcoin explainer you need to see BGR
You don?t have to be an actual Bitcoin enthusiast or trader to be aware of the concept. In fact, unless you?ve been living under a rock for the better part of the last 12 months, then you?re also familiar with other tech terms that go along with Bitcoin, including cryptocurrency and blockchain. That?s because Bitcoin and all the other digital coins have been featured prominently in the news, especially in the past few months, as Bitcoin soared to almost $20,000 in mid-December. If you?re still having trouble understanding it all, then the following John Oliver video is a must-watch clip. Even if you?re already proficient in everything related to Bitcoin, you should still watch Last Week Tonight?s 25-minute crypto segment, as it?s filled with regular Oliver humor. On top of that, Keegan-Michael Key makes a surprise appearance at the end.
January 16, 2019 1:26 PM

bgr.com

John Oliver lists crazy (but, real) cryptocurrency coins outside the familiar Bitcoin, Ethereum, and Ripple - BuyBlockChain
Although blockchain stocks and bitcoin news are usually pretty serious topics given their role in technology and finance, not every bit of the blockchain news feed is devoid of humor entirely. Previous article ?Why Ethereum Could Hit $4,000 In 2018,? despite its straightforward title, hinted at the lighter side of cryptocurrency news due to its mention of Ethereum based game CryptoKitties. Oliver discussed the cryptocurrency conference which stopped accepting Bitcoin payments due to slow settlement speeds as well as the burgeoning Bitcoin music industry. At one point, Oliver explained how, since Bitcoin is an open-source software, budding miners have created over 1,500 cryptocurrencies, many of which have some rather ridiculous names.
January 16, 2019 1:26 PM

www.buyblockchain.net

Bitcoin: John Oliver's Cryptocurrency Story Came Too Late for Losers | Inverse
John Oliver doesn?t want you to ?hodl.? The Last Week Tonight host dedicated Sunday?s feature story to the growing cryptocurrency market, explaining to viewers the perils of going all-in and expecting a Lamborghini at the end. ?If you choose to invest in the cryptocurrency space, just know that you?re not investing, you?re gambling, which is fine, but you should know that that is what you?re doing,? Oliver said. ?Prices do go down. Bitcoin could eventually be worthless, or it could be worth billions and adopted as a new global currency.? The ?hodl? meme started in December 2013 on the BitcoinTalk forums, when one user who said they?d ?had some whiskey? declared they were ?HODLING.? It?s since caught on as an investment strategy in cryptocurrency circles: don?t get caught up in the buying and selling game, just hold onto your tokens to reap long-term rewards.
January 16, 2019 1:26 PM

www.inverse.com

John Oliver and Keegan-Michael Key rain on your Bitcoin-raining dreams on Last Week Tonight
At the beginning of his extended main story about the financial ?Wild West? that is the burgeoning, huckster-crawling landscape of cryptocurrency on Sunday?s Last Week Tonight, John Oliver showed a clip of a guy in a blinking Bitcoin suit explaining what this new economic paradigm actually is. And, while Oliver wanted to make fun of someone in a silly costume breaking down the details of an impossibly complicated issue, he had to concede that, not only was shiny coin costume guy doing a decent job, but that that strategy could also describe ?literally the entire business model of this fucking television show.? (Mr. Nutterbutter approves.) Still, Oliver took a shot at explaining the volatile commodity/sort-of legal tender that is cryptocurrency, or ?everything you don?t understand about money combined with everything you don?t understand about computers.?
January 16, 2019 1:26 PM

www.avclub.com

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