Have you heard about the [BTC Profit](https://btcprofit.com/) trading bot and wondered if you could make huge returns?
The idea that anyone can easily make money in the crypto space has led to the rise of crypto trading bots. 

With a crypto trading bot, crypto traders can begin earning from their crypto holdings easily, regardless of their expertise level.

Or so it is claimed. But are the bots legit?

This article reviews one popular crypto trading bot, BTC Profit, also referred to as Bitcoin Profit.

## What is BTC Profit?

This is an automated crypto trading bot built and designed to ease the struggle of crypto trading. The Bitcoin Profit bot uses an AI algorithm to identify trading opportunities in the crypto market and act on them on users’ behalf. It can automatically open and close trades on users’ trading accounts, eliminating the need for constant manual intervention from traders.

Due to automation, BTC Profit can trade 24/7 across more than a dozen cryptocurrencies. According to the crypto trading platform, around 85% of its trades close for a profit under normal market conditions. Users don't have to worry about service fees as the platform does not charge any.

Bitcoin Profit only requires users to deposit a minimum of $250 to start using it. It even eases the worry of people with a demo account. The demo account enables users to test the bot's capabilities before beginning to use deposited funds to trade.

## How does BTC Profit work?

Bitcoin Profit uses a sophisticated AI algorithm that has been trained on years’ worth of cryptocurrency market data to identify and execute crypto trades. The bot can easily monitor price changes and spot price patterns that are likely to precede a directional movement.

Once BTC Profit spots a pattern, it opens a trade on a user's behalf. It will then continue to monitor the development of the trade and exit when the signal fades or a profit target is reached. Funds and profits will then be returned to a user's account.

## Pros and cons of BTC Profit

Pros
•	24/7 automated crypto trading
•	No service fees
•	85% success rate, according to Bitcoin Profit

Cons
•	Requires a minimum deposit of $250

## Is Bitcoin Profit Legit or a Scam?

Over the years, many crypto trading bots and platforms have been revealed to be scams, which is why vigilance is necessary when looking to use a trading bot for crypto trading.

## Signs Bitcoin Profit might be a scam

•	85% success rate claim
Bitcoin Profit's 85% success rate claim is one clear red flag. The crypto market is one of the most volatile markets in existence. The market does not guarantee profits. Anyone, whatever technology they are using, can easily lose or earn money from the crypto market.

•	Negative reviews
Bitcoin Profit continues to get many negative reviews from reputable reviewers and users worldwide. The platform markets itself as a reputable crypto trading platform with plenty of positive reviews and testimonials to support its claims. However, many of the positive reviews have been exposed to be fake. Using fake testimonials and reviews is another reason to think twice about using the platform.

•	Fake endorsements
Bitcoin Profit has been accused of and exposed for using images and names of influential individuals for marketing purposes. Some big names that have been used to entice unknowing individuals into using the BTC Profit platform include Jim Davidson, Conor McGregor, Elon Musk, Gordon Ramsey, and Piers Morgan, among others.

## Final Thoughts

Bitcoin Profit easily appears as a legit crypto trading platform. The benefits that come with using the trading bot can easily entice anyone looking to venture into crypto trading with zero trading skills.

The platform promises to generate big rewards using small amounts of money. You only need a minimum of $250 to start using the platform and enjoy great rewards. It is also absolutely free to use as there are no service fees. The best part is that it enables anyone, regardless of their crypto trading expertise, to start earning from crypto trading.

The advantages are great.

However, the signs are there that the BTC Profit platform might equally be a raw deal. The 85% success rate claim, negative reviews, and use of fake endorsements all indicate the platform could be a scam.

Before you consider using this trading bot, do your research.


BTC Profit: Everything You Should Know

Celsius Network, which froze assets last month, used customer funds to manipulate the price of its own token, a former employee alleges. The company's money manager [has launched a lawsuit.](https://www.bloomberg.com/news/articles/2022-07-07/embattled-crypto-lender-celsius-accused-of-fraud-by-ex-employee)

Celsius Network has accumulated more than $20 billion by offering 18% interest on cryptocurrency deposits. Alex Mashinsky, the company's founder, said high rates were sustainable.

A lawsuit was filed Thursday in New York state court by KeyFi Inc., created by former Geld Managing Director Jason Stone. It alleges that Celsius struggled to cover dividends and experienced "substantial exchange rate losses" owing to fluctuating coin values.

Stone labels Celsius a Ponzi scheme in his case and alleges he was scammed out of millions in wages. Celsius's spokeswoman didn't immediately comment.

KeyFi attorney Kyle Roche declined to comment.

## Celsius Crypto Crash Rocks Market Already Shaken by Terra

The allegations come amid a Bitcoin credit shortage. Three Arrows Capital was liquidated last month. Voyager Digital Ltd filed for bankruptcy on July 6, and Babel Finance and Vauld have ceased payouts. Since June 12, Celsius Network users can't access funds.

The corporation considered debt restructuring on June 30. More than a million people have saved using Celsius. The appeal was obvious: the interest was 10 to 100 times higher than traditional savings accounts.

Celsius allegedly invested client assets in dangerous trading tactics without sufficient oversight. Celsius began transferring millions to Stone's startup KeyFi in August 2020.

## Crypto Lending? Why Did Investors Lose?

Stone obtained the private cryptographic keys to the funds, so he might have eloped with them, the complaint says. Stone invested through DeFi. It's a group of apps that lets users borrow, lend, and trade without intermediaries. Many apps paid users in cryptocurrencies at the time.

The lawsuit claims KeyFi earned Celsius $800 million through DeFi methods. Stone believes Celsius owes him 20%, but says he hasn't been paid. Stone also claimed that Celsius welcomed Bitcoin and Ethereum deposits, but rewarded strategy with other currencies. If Bitcoin and Ethereum rose faster than the others, Celsius could have more debt even if the company was profitable.

Celsius tracked users' U.S. dollar deposits, whether they owed Bitcoin or other tokens. Stone said this blunder caused a $100-$200 million hole in the balance sheet. Celsius raised $50 million in 2018 by selling a proprietary token, CEL, and its leaders retained substantial stakes. Stone alleges Celsius utilised $90 million in Bitcoin deposits in 2020 to "inflate" CEL. Maschinsky "enriched" himself and let Celsius borrow against CEL, the lawsuit says.

Stone adds that Celsius borrowed one billion Tether to patch its balance sheet. He claims he broke his connection with Celsius in March 2021.

Former Celsius employees told Bloomberg Businessweek in January that Stone used an anonymous Twitter account named 0xb1.

The Creative Artists Agency agreed to represent this account's digital art in licensing arrangements in October. 0xb1 paid $1 million for its profile image, "demon mutant monkey". Stone claims Celsius authorised him to acquire NFTs as a trading profit advance. He believes Mashinsky transferred some to his wife's wallet after leaving.

For more developments on crypto news go to [Latest Moni](/news).




Ex-employee Accuses Celsius Network of Fraud

A guide to cryptocurrency books to read: Well-written cryptocurrency books to help boost your understanding of the crypto space.

As the popularity of cryptocurrency increases, so does the need to understand it better grow. That is where well-written cryptocurrency books can help.

Of course, many crypto influencers are available to give you a clear view of what the space is about, but some people gain better insights when they read books. This article contains a list of five cryptocurrency books that may give you a better understanding of cryptocurrency and blockchain technologies.

If you are interested in the crypto market, what you need, is a strong guide to help put you through all you need to know about cryptocurrency. In addition, reading cryptocurrency books written by experienced crypto experts will give you an upper hand in the crypto space.

## How to identify helpful cryptocurrency books

There are many books about cryptocurrency; some are very useful, while others are a waste of time. The best way to select only the relevant cryptocurrency books is to do your own research before purchasing any book. Look out for reviews and feedback, and see what the content includes. A quick look at the table of content can sometimes easily identify if it contains what you need.

## Top 5 Cryptocurrency Books

There are a lot of wonderful reads to help guide you through the crypto space. Here's a list of a select few that can give you a better understanding of how cryptocurrency works.

[Mastering Bitcoin](https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042): This was written by Andreas M. Antonopoulos, a popular cryptocurrency influencer. The book was published in 2014 and has proven to be very helpful in the crypto space. As the name suggests, this book's focus is everything you need to know about Bitcoin, from how the Bitcoin transaction works to the workings of the blockchain.

Blockchain Basics: A Non-Technical Introduction in 25 Steps: The book was written by Daniel Drescher, a banking expert who has mastered the blockchain. Understanding how blockchain works has proven difficult for many people due to its technical aspects. Drescher, in his book, has created a simple approach to understanding how the blockchain works. The book also explains the impact of blockchain technology on the financial system.

The Basics of Bitcoins and Blockchains: If you are new to the crypto space, this is the most read for you. Antony Lewis took his time to explain what cryptocurrency and Bitcoin are truly about, and why they have value. I found this read really interesting and relevant in terms of understanding the blockchain basics. Lewis also traces the history of money in this book and how the banking system works. This book covers much ground on crypto, from explaining how a smart contract works to making wise risk investments, identifying crypto scams, and much more.

Cryptocurrency: A list of cryptocurrency books wouldn't be complete without this book. What makes it exciting is that it doesn't focus on a particular cryptocurrency. The book was released in 2017 by Abraham K. White. White explained all you need to know about cryptocurrency, including crypto mining, trading, and investment. Crypto beginners will find this read very helpful.

[Bitcoin Billionaires](lhttps://www.goodreads.com/book/show/41433284-bitcoin-billionaires): I saved this book for last because it is a bit different from the others. After learning what crypto is about and learning the basics of blockchain, you will need a little motivation to set you on the right track. The story of the Winklevoss Twins will serve as the perfect motivation for you. 

This book, written by Ben Mezrich, tells the story of the [Winkelvoss](/news/article/cameron-winklevoss) twins who tried to become venture capitalists, but failed. They later learned about cryptocurrency, and by November 2017, they became the first Bitcoin billionaires. The book is basically about the early days of crypto.

## Conclusion

There are many more engaging cryptocurrency books to read both online and offline. Endeavour to read these listed books as they will serve as a guide for you in the world of cryptocurrency.


Cryptocurrency Books to Read: A Guide

BitBoy Crypto delivers daily content on any crypto news, from the latest happenings in the crypto space to cryptocurrency trading advice.

[BitBoy Crypto](https://twitter.com/Bitboy_Crypto/) was founded by Ben Armstrong, one of the most popular crypto influencers in the history of cryptocurrency. Although others have influenced the crypto space significantly, BitBoy Crypto is a big name.

When cryptocurrency first emerged, it struggled to gain ground and stay relevant. It felt like it would never be accepted, but that changed over time. The crypto space has gained so much popularity globally that a day hardly goes by without seeing crypto news or article. Those behind the popularity of cryptocurrency are known as crypto influencers, and the founder of BitBoy Crypto is one of them.

## What is BitBoy Crypto?

BitBoy Crypto is a popular resource where daily crypto content includes news, crypto trading advice, and project reviews. The [BitBoy Crypto YouTube channel](https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g) was founded in 2018 by Ben Armstrong. Ben’s intent for starting BitBoy Crypto, according to him, was to expand the crypto community and create financial freedom for people.

BitBoy Crypto has become a go-to source for both old and new crypto investors, and is a known name in crypto.

##Top 5 Crypto Influencers

Ben Armstrong is among the most popular cryptocurrency influencers, but others are becoming established.

### Here's a list of five leading crypto influencers, in no particular order;

Ivan on Tech: Like Ben of BitBoy Crypto, Ivan is a YouTube cryptocurrency influencer who provides his audience with well-detailed videos on crypto analyses and other useful crypto tips.

Andreas M. Antonopoulos: Antonopoulos is a YouTube cryptocurrency influencer, but he also has a huge number of followers on Twitter. He engages his audience with insightful crypto content and also teaches how blockchain technology works. Understanding blockchain technology has often been seen as a difficult task, but Antonopoulos breaks it down quite well.

Lea Thompson: Thompson's content is always entertaining and relevant to her followers. She has thousands of followers both on Twitter and on YouTube and has had a good impact on the growth of the crypto market.

Crypto Jebb: Jebb provides his followers on YouTube and Twitter with all the information they need about [Bitcoin](/coins/btc). He refers to Bitcoin as the new gold.       

Michael Saylor: Saylor is a Twitter cryptocurrency influencer with millions of followers. He provides Bitcoin news every day. If you need to find out anything about bitcoin, you can probably get it from Saylor.

## What Does Crypto Influencer Mean?

Influencers are people that influence the lifestyle of their online audience through creating engaging social media content. From the above definition of who an influencer is, you have probably figured out what a crypto influencer means.

## What Does it Take to be a Crypto Influencer?

To become a cryptocurrency influencer, you must first know everything about crypto and its technology; I mean, you can't educate people on something you are not fully conversant with. So, you need to know how the crypto space works, and you also need to make it a point of duty to be aware of every useful crypto news. Secondly, you need to choose a social media platform where you can share your relevant content. There are plenty of platforms to pick from, including YouTube, TikTok, Instagram, and Twitter. Of course, the more engaging your posts are, the more followers you gain.

## Are Cryptocurrency Influencers Legit?

Remember that the crypto space is volatile, so, sometimes, the predictions from crypto influencers may be wrong or right. Before taking a prediction from an influencer, ensure you look into the person's track record. If the ratio of accurate predictions outweighs the wrong predictions, then they are good to go. Some imposters may pose as crypto influencers, so always DYOR.
Conclusion

New to crypto or not, following cryptocurrency influencers online is a good way to understand the crypto space. Helpful online crypto influencer sources like BitBoy Crypto have been known to be known to make the crypto space a lot easier for crypto investors.


BitBoy Crypto – Rise of the Crypto Influencers

[Netflix](https://www.netflix.com/) is a powerhouse in the streaming world, and it looks like it could be about to enter the cryptocurrency market. There are rumors that the company is planning to launch its own Netflix cryptocurrency. If this is true, it would be a massive move for both Netflix and the cryptocurrency world.

## What's the Netflix Cryptocurrency Position?

As the popularity of cryptocurrencies grows, people are eager to know if there will be Netflix cryptocurrency. There's nothing official from Netflix yet, but it is certainly possible that it could create a cryptocurrency in the future.

Such a move would make sense for Netflix, as it would allow them to tap into the growing cryptocurrency market and provide their customers with a new way to pay for their subscriptions.

Netflix has already shown an interest in blockchain technology, the underlying technology behind cryptocurrencies. In 2018, they launched a "Netflix Blockchain Explorer" project, which allows users to view information about transactions on the [Bitcoin](/coins/btc) blockchain.

So, while there is no official word from Netflix yet, it is certainly possible that they could create a cryptocurrency in the future.

## How Netflix is Open to the Idea of Netflix Cryptocurrency

It's the hot new topic in the world of finance - will Netflix be the next company to launch its cryptocurrency? While the streaming giant has not made any official announcements, there are plenty of reasons to believe that Netflix could prepare to enter the crypto space.

For one thing, Netflix has been a strong advocate of blockchain technology, with several executives openly expressing their interest in the potential of digital currencies. In addition, Netflix has recently partnered with several major cryptocurrency exchanges, providing further evidence that the company is seriously exploring the possibility of launching its own Netflix cryptocurrency.

Of course, only time will tell whether or not Netflix eventually decides to launch its crypto coin. Experience dictates that we will likely see a Netflix cryptocurrency sooner rather than later.

## The Possible Impact of Netflix Cryptocurrency

While the streaming service is yet to comment on the rumors, we must admit that a Netflix crypto would make a lot of sense. After all, what could be more convenient than being able to pay for your Netflix subscription with a few clicks of a button?
With Netflix's ever-expanding global reach, a Netflix crypto would make it easier for people from all over the world to join the streaming revolution.

Of course, there are also some potential downsides to a Netflix cryptocurrency.

For one thing, it could open the door to Netflix price manipulation. After all, if Netflix was to start accepting Bitcoin as payment, then the price of Bitcoin could potentially skyrocket.

This is all speculation, but it's certainly something to keep an eye on in the months and years ahead. Who knows? We may be seeing a Netflix cryptocurrency.

Netflix Cryptocurrency: When will it Happen?

Elon Musk  has found himself in the news again as The Boring Company, an infrastructure and tunnel construction services company owned by the serial entrepreneur announced that customers can pay for rides on its Las Vegas transit system “Loop” using Dogecoin (DOGE).

This announcement was made on Wednesday, July 6, per a report by Cable News Network (CNN). This news comes on the back of May’s announcement of SpaceX soon accepting Dogecoin as a payment option for merchandise, joining Tesla.

Loop allows passengers to travel in Tesla vehicles driven by humans at around 35 miles per hour (mph). Riders need to scan a QR code to buy a ticket. As of July 2022, Loop rides are free. 

With that said, the company plans on rolling out charges to passengers in the not-too-distant future. Despite the listing of DOGE as a payment method, customers who are not interested in the use of the meme-inspired currency are free to use other alternative methods of payment. 

In 2021, while [DOGE](/coins/doge) reached new price milestones, The Boring Company landed a great deal to construct more than 50 stations which is a part of a massive tunnel network underneath Las Vegas. 
 
This year has not been good for cryptocurrencies and the first meme-inspired digital currency has been one of the hardest-hit coins. 
As of 11:15 a.m. BST on Thursday, July 7, DOGE was down 90.76% from its all-time high (ATH) of $0.7376 recorded on May 8, 2021, per data from CoinMarketCap.

The coin was exchanging hands for $0.06879, had a trading volume of approximately $378.62 million, and this corresponded to a market capitalisation of around $9.12 billion. 

Despite the downturn of the market, this statistic is impressive since it maintains DOGE as a medium-cap digital asset (at least $2 billion and at most $10 billion in market value) which continues to make strides to reclaim its large cap status. 

Despite being [sued](https://www.monitalks.io/coins/doge) by an investor for billions of dollars lost in Dogecoin investments, Musk took to Twitter to say, “Support DOGE wherever possible.”





Latest Moni

Crypto Business News | Page 11

Read the latest crypto business and market news from around the world.

BTC Profit: Everything You Should Know

Ex-employee Accuses Celsius Network of Fraud

Cryptocurrency Books to Read: A Guide

BitBoy Crypto – Rise of the Crypto Influencers

Netflix Cryptocurrency: When will it Happen?

Elon Musk’s Vegas Loop starts accepting DOGE payments

How to convert MANA to GBP on an exchange

Crypto day trading loses more money than HODLing

Boohoo NFT Collection Launched by Fashion Brand