50 cent bitcoin
One man who does know is 50 Cent, a man whose name might be fiat currency but whose riches also stem from the world of bitcoin. So are we. Back in , Fiddy released his fifth studio album, Animal Ambition. However, according to TMZ , the rapper let people use bitcoin to buy the release. So, sorry about that.
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- Bitcoins Helped This Rapper Become A Millionaire. Five Things To Know
- Christian Today
- 50 Cent Accidentally Made Millions by Accepting Bitcoin for His Last Album
- Cartoon of the Week: 50 Cent got rich (and didn’t die trying)
- Global LinkUP: How rapper 50 Cent made $8 million through bitcoin
- ‘Get Rich or Die Tryin’: 50 Cent first rapper to become bitcoin millionaire
- So, Here’s How A Bitcoin Oversight Accidentally Made 50 Cent Several Million Dollars Richer
Bitcoins Helped This Rapper Become A Millionaire. Five Things To Know
Celebrity gossip website TMZ reported that 50 Cent, real name Curtis Jackson, raked in about bitcoins after agreeing to accept payments in the volatile digital currency for his fifth album. Jackson, one of the first high profile musicians to accept bitcoin in exchange for music, confirmed his windfall on social media. The rapper then said that he had forgotten all about selling his fifth album for bitcoins until now. One year later, in , he filed for Chapter 11 bankruptcy after some of his other big investments, including a bid to come out with his own line of headphones, went sour.
The rapper was an early investor in Glaceau, the vitamin water company that Coca-Cola Co. Now that cryptocurrencies have soared in popularity, many other musicians are beginning to accept virtual coin payments for songs. At the end of last year, cryptocurrency Monero announced that 45 musicians and five online stores had begun accepting its coins. Cryptocurrency News. Company News.
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Christian Today
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 bitcoins during a album sale. Now, however, Jackson is swearing there is no fortune. On Friday, under penalty of perjury, the rapper filed documents relating to his Chapter 11 bankruptcy case to clarify that he doesn't own, "and have not owned, either a bitcoin account or any bitcoins. The filing — which specifically calls out the report from TMZ that claimed Jackson had pulled in nearly bitcoins for the sale of his album "Animal Ambition" — states that any bitcoins received for the album were "contemporaneously" converted into dollars. It further clarifies that the third-party in charge of processing purchases, Central Nervous, used BitPay, a company that specializes in processing payments with bitcoin for purchases large and small, including Lamborghinis , to convert bitcoin into dollars before any profits reached Jackson's company G-Unit Records.
50 Cent Accidentally Made Millions by Accepting Bitcoin for His Last Album
Ethereum joined bitcoin in gains, but ripple and bitcoin cash lost value. These are the stories you need to know in the wild, wild world of bitcoin for Wednesday, January Rapper 50 Cent decided in to accept bitcoin for his album "Animal Ambition. The rapper confirmed the TMZ report on his Instagram. In the comments section of that post, 50 Cent claimed he had previously forgotten about the bitcoin holdings in the years since "Animal Ambition" was released. Don't forget -- 50 Cent filed for Chapter 11 bankruptcy in A true rags to riches, back to rags and then back to riches story, right? He added that it's an "unregulated, highly manipulated and anonymous global stock market.
Cartoon of the Week: 50 Cent got rich (and didn’t die trying)
By Francesca Bacardi and Ian Mohr. According to the documents, 50 Cent says the album did accept Bitcoin payments, but that they were converted to US dollars by a third party before G-Unit received the funds. Read Next. Bill Cosby's daughter Ensa dead at This story has been shared , times.
Global LinkUP: How rapper 50 Cent made $8 million through bitcoin
Scott Neuman. 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 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 bitcoins.
‘Get Rich or Die Tryin’: 50 Cent first rapper to become bitcoin millionaire
Last month, rapper Curtis Jackson, better known as 50 Cent , announced on Instagram that an accidental Bitcoin investment in had just made him rich. He gambled with the then still new cryptocurrency network, asking his fans to purchase his album using Bitcoins. Fast forward in January , the Chicago born rapper heard of the hype behind Bitcoins and remembered that he had invested in the digital currency three years ago. If 50 cent is still enthusiastic about the cryptocurrencies, he joined the following celebrities who have already affirmed their confidence in Bitcoin severally. This is clear from the numerous tech startups his company, Venture Bridge Venture Partners, has invested in. The biggest among them is Coinbase, one of the top Bitcoin exchange services.
So, Here’s How A Bitcoin Oversight Accidentally Made 50 Cent Several Million Dollars Richer
From being shot nine times and living to tell the tale to dominating the Billboard charts doing the s, as a rap superstar, Jackson has seen it all over the years. A few weeks ago, we published a post that looked at how Jackson had supposedly made a fortune from a forgotten Bitcoin investment. But, given new findings, all might not be as it seems.
Our editorial content is not influenced by any commissions we receive. Since it was announced in early that 50 Cent was no longer bankrupt , the rapper-turned-mogul's financial situation keeps taking wild new turns in positive directions. According to a report from TMZ , 50 became the first rapper to accept bitcoin as payment for his Animal Ambition album upon its release. The project reportedly earned him bitcoins in total. Sources tell TMZ that 50 left all bitcoins sitting in his account for years, during which time the cryptocurrency coin rose from relative obscurity to become a money-printing machine.
Back in , 50 Cent released an album called Animal Ambition that the fans could buy with Bitcoins. So, some fans bought the album with Bitcoins. USD , per Bitcoin. LOL denofthieves. A little bitcoin anyone? So, how did he become bankrupt? When filing for bankruptcy in July , his assets were estimated to USD 24,,
When 50 Cent began his career, he never thought that he'd look up at his name as a financial target. The now year-old has a plan to get back to the top: and it involves licensing his name, creating new TV shows and even Bitcoin. LOL," he posted on Instagram after discovering his unknown wealth. On top of his accidental financial success, 50 Cent has now moved to lock in some more endorsements, particular for TV shows based on his existing brands.
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