8.00am MORNING HEADLINES
Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Bitcoin is priced at $10,627, a rise of $314 dollars on the day so far.
Apple co-founder Steve Wozniak is reported in the Economic Times in India as claiming that someone stole seven bitcoins from him.
Mr Wozniak told the Times’ Global Business Summit: “I had seven bitcoins stolen from me through fraud.
“Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy. And it was from a stolen credit card number so you can never get it back.”
The American inventor initially bought his coins at $700 each as an experiment, and despite the experience he remains a supporter of the BTC cryptocurrency.
He said: “Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered,” the ET report.
Updates below throughout the day….
9.59am – UPDATE – 50 Cent backtracks on bitcoin boasts
Rapper 50 Cent has 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.
In January Mr Cent, real name Curtis James Jackson III, took to Instagram to comment, “I’m so proud of me,” after the coin – worth only $662 at the time – brought home takings now worth between $7 million to $8.5 million, based on the current fluctuating bitcoin valuation.
Mr Cent said: “Not bad for a kid from South Side,” later adding, “Ima keep it real, I forgot I did that s**t lol.”
However, in a Friday court document obtained by The Blast, the star now 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.”