💵 Today's Crypto Updates: February 27th 📈

Today's Crypto Updates:

1. Russian Crypto Developer Beaten, Robbed Of 300 BTC On Moscow Streets
2. Rapper 50 Cent Denies He Is Bitcoin Millionaire At Bankruptcy Court
3. Bill Gates: “Cryptocurrencies... Caused Deaths In a Fairly Direct Way”

Summary Of Today's News:

Another Russian crypto robbery. 50 Cent denies being a Bitcoin millionaire. Bill Gates doesn't like cryptocurrencies. Read all about it below!

1. Russian Crypto Developer Beaten, Robbed Of 300 BTC On Moscow Streets

Source: https://cointelegraph.com/news/russian-crypto-developer-beaten-robbed-of-300-btc-on-moscow-streets

Key Highlights:

• "According to Forklog, Mayorov was robbed of $20,000, 300 bitcoins (BTC), and three iPhones."

• "Kidnappings and robberies of people involved in cryptocurrencies are becoming more frequent occurrences across Russia and Ukraine."

Crypto Phil's Take:

Scary stuff. I just covered another incident like this a few days ago. Stories like this just remind me that it's probably important to not flaunt your cryptocurrency gains anywhere. It makes you a potential target for criminals. I really hope the people responsible in this case are brought to justice.

2. Rapper 50 Cent Denies He Is Bitcoin Millionaire At Bankruptcy Court

Source: https://cointelegraph.com/news/rapper-50-cent-denies-he-is-bitcoin-millionaire-at-bankruptcy-court

Key Highlights:

• "Curtis James Jackson III, known more commonly by his stage name “50 Cent”, has denied that he made millions by selling an album for Bitcoin (BTC) in documents filed during his bankruptcy case"

• "According to court documents, 50 Cent actually did accept Bitcoin as payment for “Animal Ambition”, but it was converted to US dollars right away by a third party"

Crypto Phil's Take:

Apparently 50 Cent's net worth is still estimated to be around 20 million despite his bankruptcy filing. So regardless of whether he's a Bitcoin millionaire or not, he's still on.

3. Bill Gates: “Cryptocurrencies... Caused Deaths In a Fairly Direct Way”

Source: https://cointelegraph.com/news/bill-gates-cryptocurrencies-caused-deaths-in-a-fairly-direct-way-in-reddit-ama-community-reacts

Key Highlights:

• "Bill Gates, principal founder of the Microsoft Corporation, has caused a furor among Reddit users, stating that cryptocurrencies are 'a rare technology that has caused deaths in a fairly direct way' "

• “While Gates remains skeptical of cryptocurrencies, the underlying blockchain technology also remains an area of interest of the Microsoft Corporation, which has gone ahead without his direction as CEO.”

Crypto Phil's Take:

He makes some decent points about the anonymity of cryptocurrencies as of right now. But regulation is coming. As is adoption by governments and companies around the world. Crypto is only going to become more legitimate with time.

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