Bitcoin Accepting Rap Mogul 50 Cent Files Bankruptcy
50 Cent, who accepts Bitcoin for his online shop, has filed for chapter 11 bankruptcy under his legal name Curtis James Jackson II in bankruptcy court in Connecticut. The rapper has played off the filing as a cost of doing business, even making light of the situation, recently posing next to a smart car for an Instagram photo as if to make fun of his current circumstances. The Southpaw actor has been open about his decision to file for chapter 11. "I'm taking the precautions that any other good businessperson would take in this situation," the rapper told E! News about his current....
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Business mogul and hip-hop star Curtis "50 Cent" Jackson has joined the growing number of musicians and entrepreneurs who are embracing bitcoin by accepting the digital currency as payment for his new album, 'Animal Ambition'. 50 Cent's Shopify store will accept bitcoin payments for the new release, with BitPay acting as the payments processor. Shopify first integrated payments for its network of merchants in November 2013. The development brings a prominent face to the bitcoin community. In addition to being a successful rap artist and producer, Jackson is a notable entrepreneur, having....
Voyager files for Chapter 11 bankruptcy due to their large exposure to Three Arrows Capital as the contagion continues to spread across the market.
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC). Celsius Follows Voyager, Files for Chapter 11 Bankruptcy Crypto lender Celsius Network announced Wednesday that it has “filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New....
The relationship between bitcoin and commercial music doesn't go back too far. Last year, Snoop Dogg (who I will refused to call Snoop Lion) expressed interest in accepting bitcoin for his latest album, and former Spice Girl Mel B actually went through with it by offering her single up in exchange for the digital currency. Now there's a new player in the game: 50 Cent. The rap artist, real name Curtis Jackson, has released his latest album "Animal Ambition" today, and he's accepting bitcoin for it via a connection with BitPay on his Shopify store. Shopify, as you may be aware, integrated....
FTX Group, which includes FTX U.S., filed for Chapter 11 bankruptcy following an intense liquidity crisis; CEO Sam Bankman-Fried stepped down.