Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Rapper 50 Cent Allegedly Caught In Crypto Scam Defrauding Users Of $300 Million In Just 30 Minutes

Bibhu Pattnaik
June 22, 2024

The social media account X of renowned rapper 50 Cent was allegedly compromised, leading to a multimillion-dollar memecoin scam, according to the artist himself.

What Happened: Curtis James Jackson III, famously known as 50 Cent, reported last week that his X account was exploited by hackers to execute a cryptocurrency pump-and-dump token scam.

The fraud involved a novel crypto token, “GUNIT,” which was used to lure investors and inflate its price. Eventually, the value was depleted, causing the token’s price to plummet to $0.00016, reports Cointelegraph.

On Tuesday, Jackson alerted his 32.8 million Instagram followers that his X account and website were compromised and a substantial amount of funds were siphoned off from the project.

“Whoever did this made $300,000,000 in 30 minutes,” Jackson said, emphasizing that he has “no association with this crypto.”

Also Read: Rapper 50 Cent Accepted Bitcoin For His Album ‘Animal Ambition’ 10 Years Ago: Here’s How Much He Earned In Crypto And What It’s Worth Now

Dex Screener’s trading data of the GUNIT memecoin revealed that several wallet addresses sold substantial quantities of the token. Four accounts sold over $100,000 of the memecoin following its promotion on the rapper’s X account. Jackson alleged that users were defrauded of more than $300 million as a result.

Why It Matters: This incident is part of a recent trend of celebrities being linked with cryptocurrency launches, including Caitlyn Jenner, who created confusion in the industry with conflicting messages after the launch of her own token.

It’s also noteworthy that 50 Cent has a history with cryptocurrencies.

The rapper made a pioneering decision a decade ago to accept Bitcoin as payment for his album "Animal Ambition." This move, which seemed experimental at the time, has resulted in significant financial gains for the artist over the past decade.

In 2014, he accepted Bitcoin for his fifth album, accumulating around 700 Bitcoins. As of 2024, the value of Bitcoin has surged dramatically, making those Bitcoins worth an astonishing $48 million.

Now Read: ‘I See Them Identifying With Trump,’ Says 50 Cent About Black Men Drifting Toward Ex-President In 2024 Election

Photo: Shutterstock

Continue Reading...

Popular

Trump Shooting Recalls Memories Of Reagan Assassination Attempt: Here's How Markets React To Political Violence

An assassination attempt on former President Donald Trump on July 13, 2024, is a leading headline for the stock markets to open the week and comes ahead of the 2024 presidential election.

This Analyst Sees Potential Downside In Eli Lilly, Adjusts Model For Acquired IPR&D Charges

Cantor Fitzgerald analyst Louise Chen reiterated an Overweight rating on Eli Lilly with a price target of $885. Eli Lilly's Q2 FY24 earnings report on August 8 will include a pre-tax IPR&D charge of $154 million, impacting GAAP and non-GAAP EPS by $0.14.

The End of America's Global Leadership - Ad

Believe it or not, this October surprise could end up being the real election story when historians write their books. And no matter who wins, it may be impossible to restore America's global standing afterwards.

Despicable Me First Animated Franchise To Hit $5B: Here Are The Top Grossing Movie Franchises Ever

Despicable Me is the highest grossing animated film franchise of all time. Here's how the franchise stacks up globally and domestically to other franchises.

Old Pal And Babish Revolutionize Bakeries And Kitchens With New THC-Infused Sugar

Old Pal and Babish launch a revolutionary THC-infused sugar, blending culinary creativity with cannabis innovation...

Elon Did It Again: This Could be Bigger than Tesla - Ad

After revolutionizing online payment processing (PayPal), space exploration (SpaceX) and the auto industry (Tesla)... He's getting ready to do it again with his new A.I. venture. This could be bigger than Tesla, bigger than SpaceX, and bigger than Paypal.

Trump's Family Reacts To Attempted Assassination: 'Toughest Man I've Ever Met'

Following the attempted assassination of former President Donald Trump on Saturday, his family shared heartfelt messages.

Elon Musk's Chilling Warning for Humanity - Ad

Elon Musk warned that humanity will soon be 'obsolete.' Every port, railroad, highway, and airport in America is facilitating a kind of 'invasion' that will bring about centuries worth of change in the next few years. If Elon and the research are correct -- the results could be devastating for the average American.

Venice nets $2.2 million in day-tripper tax pilot. Opponents say it failed to deter visitors

VENICE, Italy (AP) — Venice on Sunday wrapped up a charging day-trippers an entrance fee, more than 2 million euros ($2.2 million) richer and determined to extend the levy, but opponents in the fragile lagoon city called the experiment a failure.

Trump Vs. Biden: New 2024 Election Poll Show Tie, But Here's Who Independent Voters Favor

A new 2024 election poll shows Donald Trump and Joe Biden tied. The poll shows inflation a key concern for voters moving forward.

Military to spend billions on "Living Missile" - Ad

We've just prepared a new report on the small defense contractor that makes this weapon - plus three other small defense firms best positioned to ride this mega-trend...

Top 2 Energy Stocks That May Fall Off A Cliff This Quarter

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Next Hot AI Projects Are Not on the Nasdaq - Ad

The next hot AI stocks -- are not stocks at all. You can find them in a virtually unknown niche in the market, which has delivered some of the biggest winners in AI. In this interview, we sit down with the foremost expert on this niche market. He'll tell us exactly where to find these hot AI projects.

Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks.

Microsoft, Amazon Or Palantir: Reddit Users Debate How To Invest $4,900

Reddit users debate best stock picks for $4.9K investment. Microsoft and Amazon seen as strong choices, while Palantir's potential sparks debate.

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Why Nike Shares Are Falling Today

Nike shares plummet nearly 15% premarket as fiscal 2025 revenue outlook disappoints amid challenges in digital sales and Greater China market.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

As Nvidia And Other Tech Stocks Soar, Expert Downgrades Sector Amid Overvaluation Concerns

The tech sector, a major driver of the stock market's recent gains, has been downgraded by Truist's Chief Strategist and CIO, Keith Lerner. This move comes amid concerns of overvaluation and a subsequent recommendation to invest in alternative sectors.

China's Secret Plan to Bankrupt Millions of Americans? - Ad

A mountain of evidence compiled over the past 20 months makes it clear to us that China has put in a covert plan that will cost the U.S. government $9 trillion...and harm ordinary citizens. How you handle this situation will be one of the most important financial decisions you ever make.

Why Pitney Bowes Shares Are Shooting Higher today

Pitney Bowes shares up on update of cost rationalization initiative, $70M in savings identified. The cost cuts are anticipated to be largely reflected in second half of 2024 pre-tax earnings and fully reflected in 2025.

Norway starts stockpiling grain, citing the pandemic, war and climate change

COPENHAGEN, Denmark (AP) — The Norwegian government on Tuesday signed a deal to start stockpiling grain, saying the COVID-19 pandemic, a war in Europe and climate change have made it necessary.

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

Chip Maker Intel Aims For $1B In Software Revenue By 2027

Intel Corp (NASDAQ ) is set to reach $1 billion in software revenue by 2027, according to CTO Greg Lavender. Since 2021, when Lavender joined from VMware, Intel's software revenue has surpassed $100 million. With strategic investments in AI, performance, and security, Intel is enhancing its position in the AI chip market.

Joe Biden Shares His Performance Enhancer Drink Ahead Of 2024 US Presidential Debate: 'I Don't Know What They've Got In These'

Ahead of the debate, Biden took to X, sharing a humorous post about his "performance enhancer" drink, DARK BRANDON'S SECRET SAUCE, and joked, "I don't know what they've got in these performance enhancers, but I'm feeling pretty jacked up. Try it yourselves, folks.

The AI Presentation 'They' Don't Want You to See - Ad

Wall Street legend confesses, "I feel a sense of duty to share what I know with as many people as I can... that's why I made this free for all to view."

Ford's Jim Farley Embraces EVs, Exciting Rival Tesla CEO Elon Musk, But Report Says Nearly Half Of EV Owners In US Want To Switch Back To Gas

Ford CEO Jim Farley on Friday wrote an article on X, detailing his long-standing love for gas vehicles and a newfound love for EVs, and rival CEO Elon Musk is excited. The sentiment, however, is not shared by EV owners across the U.S.

Buy These 3 Stocks Before the FDA's Anticipated Announcement - Ad

See this ASAP! This could NOT be more urgent.... Ian King has identified 3 little-known stocks that could go up 10X in the coming years. It's all thanks to a breakthrough product that could save billions of lives. Maybe even yours.

Nvidia, Amazon And 2 Other Stocks Insiders Are Selling

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced.

Trump Says Obama 'Never Respected Biden' In Latest Attack On President: 'Thought He Was Dumb, And A Total Lightweight'

Former President Donald Trump surmised that former President Barack Obama is scheming to replace current President Joe Biden with Vice President Kamala Harris.

Get in Our "Ozempic Trade" Before It's Too Late... - Ad

In the past 90 days, one stock has jumped 96% and another has gained 88%. Don't miss out on the next round of potential winners. Here are 4 "Ozempic Stocks" you must own.

What's Going On With Nikola Stock After Its Reverse Split?

Nikola Corporation shares are trading lower Tuesday after the stock began trading on a reverse split-adjusted basis. Here's a look at what to know:

Trump Vice President Pick Coming 'Any Time': Betting Odds Show New Favorite Emerging

Since the first presidential debate, much of the political conversation has been on whether President Joe Biden would step down from the 2024 presidential election.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Supreme Court Rejects Trump-Ally Steve Bannon's Appeal, Prison Sentence Looms

The Supreme Court dismissed Steve Bannon's final appeal to avoid prison, mandating him to report to prison by July 1 for his contempt of Congress conviction.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service