After news broke that Elon Musk is buying Twitter for $44 billion, Twitter users greet the new owner in their own language – memes!

Elon Musk has more than 52 million followers on Twitter, where he called memes “[modern art](https://twitter.com/elonmusk/status/1194814381311381504)”. He also shares visual jokes regularly on his account and enjoys criticism and support in the form of visual gags.

## What Elon Musk Says About Memes

"Who controls the memes controls the universe," Mr. Musk tweeted last summer. Although he doesn't make visual jokes himself, he finds them online and reposts his favorites without citing their origins. However, many content creators argue memes are valuable intellectual property and criticise Elon Musk for not giving the credits.

It's not uncommon to see this practice where many people on the internet share other people's memes without giving credit, partly because memes rely on reinterpretations of joke formats. Most of the time, it's not really clear where the content first begins.

## Elon Musk Memes: Trending

Besides the content creators, many notable personalities have also contributed to the "Elon Musk memes" trend. For instance, Marc Andreesen, the venture capitalist and co-author of the first widely used web browser, has shared jokes about Mr. Musk buying Twitter. Even the Financial Times also contributed to the recent meme trend.

## Elon Musk buys Twitter, Sending Dogecoin Price to the Moon

Dogecoin climbed 30% after the "Elon Musk memes" trend sparked by his Twitter acquisition plan. While there's no direct correlation between Dogecoin price and the recent deal, the tech entrepreneur has hinted about introducing [DOGE](/coins/doge) payments on the social media platform. Many investors are bullish on the prospect of DOGE's higher utility, sending the meme coin's price to the Moon.

## What’s Next After Twitter Takeover?

After announcing the deal, Elon Musk, one of Twitter's most popular personalities, said free speech is the "bedrock" of democracy and that Twitter is the digital "town square". He also showed the desire to enhance some features, make the algorithm open source to improve trust, defeat the spambots, and remove the fake accounts.

## The Fate of Banned Accounts

Since Musk describes himself as a "free speech absolutist", the question of which banned account to reinstate has become apparent for Twitter users.

Some say it could be the account of the former US president, Donald Trump, who was permanently banned shortly after the Capitol riot in January 2021. Twitter said this was due to the risk of "further incitement of violence".
On the other hand, Elon Musk said he would be very cautious with permanent bans on Twitter and prefer a timeout system.

## Revenue and Ads

Twitter investors were concerned with the company's slow growth in revenue and users. Elon Musk raised the possibility of getting rid of advertisements from the platform's premium service to improve user experience. On the other hand, 90% of Twitter's annual revenue comes from advertising, making the proposal look radical.

## What More?

Other possible changes could be related to management and features, like post insights or an edit button. Musk expressed his concerns about how the company runs, but he wasn’t the first Twitter shareholder to think so. He also said that Twitter users should be able to see how well their post has been performing. A possible edit button might also be on its way for the users. This speculation came after he flagged the possibility of introducing the feature.
In response to the recent takeover and possible aftermaths, here are some Elon Musk memes:

Douglas Boneparth, the president of the Bone Fide Wealth, joked, "Sex is cool, but have you ever paid $44 billion for an edit button?".

Others also took the opportunity to tease Elon Musk with memes.

Some users tweeted a meme saying, "Elon Musk spending $43 billion to stop getting bullied on Twitter when he could've simply been less annoying is insane".



Elon Musk Memes Flood Twitter


When it comes to crypto investment, the UK wants to be at the front of the field.

With the rise in popularity of the crypto markets, it is no surprise that countries put in plans to benefit from this surge of new money. One country in particular that wants to be at the forefront of new technologies is the United Kingdom.

The interest levels are clearly evidenced by the popularity of the search term 'crypto investment uk'.
The government has decided that stablecoins will be recognised as a form of payment. This is one step closer to crypto being accepted as forms of currency instead of just stores of value.

## Cryptoasset Engagement Group Will be Created

This is only one measure as part of a package to make the UK a global technology and crypto investments hub. Another is legislating a 'financial market infrastructure sandbox' which will help firms and companies innovate, experiment, and create, leading to more jobs opening up and more money flowing into the UK, helping boost the economy. A Cryptoasset Engagement Group will also be created to increase communication between the government and the industry. It will advise the government on any issues it may face while building the crypto-asset sector.

Not only is the government trying to regulate, it is also creating its own non-fungible tokens (NFTs). Finance Minister Rishi Sunak has asked the Royal Mint (the government-owned company responsible for minting coins within the UK) to create NFTs by the summer of 2022. With summer coming, we expect more info to be brought to light relatively soon. This opens many doors and opportunities for crypto enthusiasts and UK crypto investment firms.

## Other Measures Taken to Assist Regulation

Other measures the UK is taking to help regulate the markets include looking for ways to enhance UK tax system competitiveness to encourage crypto-asset market development in the UK. It will also review how DeFi loans are treated for tax purposes. In May, a two-day event will see the [Financial Conduct Authority](https://www.fca.org.uk/) meet industry participants to learn their views regarding crypto-asset regime development.

The UK, well known for its advancements in technology and innovation, will unlock a massive new stream of income and business opportunity. This will create many new jobs as start-up companies and crypto investment firms look to take on new employees and build up their businesses. 

This will help boost the economy by an enormous margin. As I write, the total crypto market cap is $2.02 trillion. Tapping into just a fraction of this amount will do wonders for the UK. Not only will the UK dabble in the market, it will be one of the top leaders and innovators in the entire world. This is exciting news, and it will be interesting to see how the future of crypto investments in the UK unfolds.

More [Business news](/news/category/crypto-business-news).


Cryptocurrency Investment: UK Plans to be Global Hub

eToro Group Ltd

So you want to start trading cryptocurrencies? Is paying [eToro](https://www.etoro.com/) fees the only way, and how do you begin your crypto journey?

You need first to purchase some crypto with your fiat money. This is where centralised exchanges come into play, such as eToro.

You deposit your money into the platform and can now purchase Bitcoin or altcoins. Most platforms charge a percentage fee when buying or selling coins; the eToro fees are 1% when you open or close a position. While this seems like a low percentage at first, it can quickly build up if you make lots of trades. Another example is Bitcoin.com which has fees of 0.04 to 0.4%, a much better rate than eToro fees.

Most exchanges have features including spot trading, leverage trading, trading bots, charts and chart tools, crypto lending, mining, and staking.

## Spot Trading

Spot trading is your traditional method of trading coins in which you are doing straight swaps from one coin to another.
Leverage trading is trading with a larger size than what you have in your portfolio. To a beginner, this sounds like a fantastic strategy to make massive gains. In reality, it should only be used by experts who know how to handle risk management properly, as you can quickly lose money.

## Trading Bots

Trading bots are computer algorithms where you set the parameters and rules and a bot trades on your behalf.

## Charts

Charts are where you can see the price history of a coin, and tools help you confirm a bias of where you think a trade will go.

## Crypto Lending

Crypto lending is an opportunity to let people use your crypto in return for rewards - yes, you get your crypto back, and if you do it through a reputable exchange, there's less worry about security or being scammed.

## Mining

Mining uses your computer or phone's computing power to work out calculations to allow transactions to be processed.

## Staking 

Finally, staking is setting aside some crypto, like lending except it goes into a pool to be used as liquidity rather than directly to another person. This also allows you to gain passive income rewards.

Some exchanges have other features, but these are the main ones you will encounter. Picking the right exchange for you is vital when trading cryptocurrencies. You need to factor in what you want to use the platform for while minimizing costs and maximizing profits. This can be done by avoiding exchanges with high costs, such as eToro fees.

More [Business news](/news/category/crypto-business-news).


eToro Fees, Crypto Exchanges, and You

It's a common question; is the [Revolut](https://www.revolut.com/en-US) card worth having?

Digital banking alternative Revolut offers a range of low-cost options while allowing you to have an entirely online account and debit card.

It offers a cutting-edge mobile phone app and several other unique features that have helped it become one of the most innovative currency exchange and banking options available today. You may conduct transactions in various currencies anywhere on the globe with a Revolut card.

In this Revolut card review, to know if it is worth having, I'll go over what it offers, the fees that come with it, and the benefits and drawbacks of the card.

Is the Revolut card worth having? To answer that, we need to understand what this card is first.

## What is a Revolut card?

This is one of the company's main products; a card that can be used to make purchases in several different nations worldwide. In addition, you get automatic money conversion at rates near the base exchange rate, and you can spend your money in various currencies. This makes international transactions easier and faster.

Personal Revolut accounts are currently only available to citizens of the United States of America (USA), Canada, Japan, Singapore, Australia, Switzerland, and the European Economic Area (EEA).

Organizations in Switzerland and the European Economic Area (EEA) registered and have a physical location in one or more of those locations are eligible for a Revolut Business account.

## Pros and Cons of the Revolut Card

The following are some of the benefits and drawbacks of using a Revolut card:

PROS:

•	You can have numerous currencies in your account at the same time.
•	It's simple to get cash and pay for things with the card.
•	They have several fraud-prevention measures that are quite successful.
•	Budgeting tools are built-in.
•	You can also choose to load the card with money and pay as you go.
•	You can view your transactions and account balances on the Revolut app.
•	Most money transactions between countries are quick, easy, and free.

CONS: 

•	Adding money to your Revolut account through bank transfer can take up to three days, and there may be fees associated with it, depending on your bank. Over the weekend, when the currency exchange markets are closed, you will be charged higher rates. It's pretty simple to avoid this charge by simply waiting until the markets open before making your payments, but if you're caught short, it becomes a problem. 
•	Mastery of English is not required (the company currently offers a Portuguese version of the software), but you should be prepared to contact a customer service line in English if something goes wrong.

It's simple to see why Revolut has exploded in popularity over the last few years. For a long time, consumers have been clamoring for cheaper and easier currency transfer choices, which businesses like Revolut and Wise can supply. 

Revolut could help you whether you're a freelancer working with clients worldwide or someone who regularly sends payments to family members.

More [Business news](/news/category/crypto-business-news).


Is the Revolut Card Worth Having?

On April 20, 2022, [Binance](https://www.binance.com/en), a leading cryptocurrency exchange, launched a Twitter emoji that it later deleted due to its resemblance to the swastika. The swastika is a symbol associated with Nazism.

The emoji was an image of a golden square with four Ls for arms. Its resemblance to a swastika was clear as day to many Twitter users.

One tweeted: "The new Binance emoji is a literal swastika” Another tweeted that on a scale of one to 10, they'd give it a "Nein….".

Other Twitter users also pointed out that the date the emoji launched coincided with Adolf Hilter’s birthday.

After the public outcry, Binance deleted the emoji. So did the CEO, Changpeng Zhao, who also had it up on his Twitter page. The exchange then tweeted: “Well, that was obviously really embarrassing.

“We’re not sure how that emoji got through several layers of review without anyone noticing, but we immediately flagged the issue, pulled it down, and the new emoji design is being rolled out as we speak."

## Twitter Hashflags

Binance created its controversial emoji using Twitter’s branded hashtag feature. Through the feature, companies can design their own custom emojis and include them in hashtags to promote their business. The emojis are also known as hashflags.

Hashflags are images that appear after a tweeted #hashtag. They are embedded on Twitter and enabled for specific occasions or events. Twitter hashflags disappear after a limited time has lapsed, leaving the hashtag. Branded hashflags can cost a company a million dollars.

## Binance Twitter Woes

Binance is the world's largest cryptocurrency exchange by trading volume. It is accessible in many countries across the globe, supports more than 500 different cryptocurrencies, and features low fees. It is also feature-rich.

As good as Binance may be, the exchange is not short of problems. The Twitter emoji issue is only one of those.
The crypto exchange is reportedly under investigation in the US for helping in Bitcoin transactions worth around $716 million in 2019 associated with criminal activities.

Several countries have in the past banned Binance. In 2021, the UK’s financial regulator, the FCA (Financial Conduct Authority), banned Binance from operating in the UK. In the US, citizens cannot use Binance to buy or trade crypto. Instead, they have access to Binance US, which is quite limited compared to the internationally available Binance. The exchange is also not regulated in many countries.

## Final Word

Binance's Twitter emoji problem was easily solvable. Many people continue to wonder if the emoji was an intentional move by the company or something that was an innocent mistake. The emoji is no longer in use, but the damage has already been done for some people.

More [Crypto Business news](/news/category/crypto-business-news).


Binance Twitter and THAT Emoji! 

[FTX](https://ftx.com/), a cryptocurrency exchange, wants to expand into the United Kingdom and has begun negotiations with regulators to dominate the European market.

## How Will This Happen?

FTX's market regulation concepts and plans include numerous critical areas. To begin, authorities could propose a principles-based approach to overseeing spot and derivatives crypto trading markets, leveraging current policy goals that apply to traditional capital and derivatives markets. Customer and investor protection, market integrity, financial crime prevention, and overall system safety and soundness are among the objectives. If enacted, regulations that promote these goals will apply equally to all markets for crypto assets trading.

Second, FTX and other crypto platforms have introduced significant trading innovations, which should be preserved under a sound framework. This is because they reduce risk, increase capital efficiency, and safeguard investors, all of which benefit the general public. Among the key innovations are:

•	Automated risk-management systems that ensure customer accounts trading multiple assets do not go net negative across customer positions.

•	24/7 trading hours, which reduces risk.

•	Permissioning a non-intermediated market structure gives all investors equal access to the market and helps minimize conflicts of interest.

•	Free-market data aligns the platform operator's interest with the investors.

Third, a useful framework would enable crypto platforms to provide both spot and derivatives trading on crypto assets under a single unified system. A single rule book and technological platform would control risks associated with all trading activity in customer accounts. Regulatory frameworks were formed in mature countries, such as the United States, in response to fragmented markets for securities, commodities, and derivatives on such assets. FTX has shown that combining markets for both assets and derivatives provide significant benefits to market participants.

Because of the risk-reduction and customer-protection benefits of this one rule book paradigm, public policy should allow it.

Regulators in countries with multiple market regulators, such as the US, should collaborate and use their authorities when appropriate to accommodate this paradigm for crypto assets. Simultaneously, legislators could remedy any remaining gaps not adequately addressed under current powers.

Fourth, an acceptable regulatory framework for crypto-asset market regulation should be market-structure agnostic and explicitly permit non-intermediated markets. It could also take a functional approach, requiring the platform operator to disclose policies and procedures addressing critical issues like:

•	asset custody

•	key platform features related to the lifecycle of a trade

•	reporting of market activity to supervisors

•	provisioning market data to platform users

•	ensuring adequate financial resources

•	ensuring stable coins used on the platform are subject to adequate standards

•	protecting against cyber-attacks and financial fraud

More [Business news](/news/category/crypto-business-news).


FTX Seeks UK and Europe Expansion

It is time to ask ourselves 'are crypto bubbles bursting?'.

The rise of [Bitcoin](/coins/btc) (BTC -0.62%), [Ethereum](/coins/eth) (ETH -1.23%),[ Dogecoin](/coins/doge) (DOGE 4.64%), and some other digital currencies has prepared the way for once-in-a-lifetime profits. For example, when Bitcoin topped $64,800 a token in mid-April, a $155 investment at $1 would have been worth nearly $1 million.

However, cryptocurrency has plummeted in value during the last two weeks. Some could call this a natural retracement following a monster run upward. Still, I'd like to refer to it as a popping bubble.

While many people feel that digital currencies are the best thing since the invention of chocolate, I believe the crypto market is collapsing for several reasons.

## Some Governments Aren't Okay with Cryptocurrency

The crypto bubble is bursting because some countries are concerned about cryptocurrencies undermining their central bank-backed currencies. For example, China sent the cryptocurrency market into a tailspin last week when it announced that its banks and online payment channels would no longer be able to provide any cryptocurrency-related services.

However, it's worth noting that a significant amount of Bitcoin mining occurs in China. In this regard, China is far from alone. For example, Turkey recently passed legislation prohibiting the use of cryptocurrency for payment. Meanwhile, digital currencies are illegal in Bolivia, Ecuador, Nigeria, and Algeria. As a result of this trend, the global use case for cryptocurrency is becoming increasingly unlikely.

## Centralisation is Still an Issue

One of the goals of cryptocurrencies is decentralisation. This was done to ensure that a network is not controlled by a single person or a small group. However, according to BitInfoCharts.com, ownership of Bitcoin and Dogecoin is relatively consolidated. For example, only 2,155 addresses control roughly 42% of all Bitcoin, and only 99 addresses control 66.6% of Dogecoin. As a result, people may recognize that these financial experiments aren't as decentralized as they should be.

## The Real-World Utility is Minimal

A severe drawback of digital currency is that it is practically useless outside of a cryptocurrency exchange. Even though many well-known corporations or organisations have accepted Bitcoin or Dogecoin, the total number of businesses accepting either is still insignificant.

## There is No Entry Barrier

My main issue with cryptocurrency, aside from its lack of utility, is that there is no entry barrier. Anyone with a computer or an innate desire to code can create a blockchain and, possibly, a tethered token. [CoinMarketCap](https://coinmarketcap.com/) claims to have a database of around 10,000 different cryptocurrencies. While many aren't actively traded, the number of potential competitors to Bitcoin, Dogecoin, and Ethereum is staggering, with many more on the way. In short, the crypto sector is constantly being diluted by an infinite number of competitors.

## There is No Identifiable Real-World Correlation

Another concern with crypto is that there are no obvious real-world correlations. For example, we know that gold and the US dollar have an inverse relationship. Gold is more likely to rise when the value of the dollar falls. This is a long-term relationship that has formed.

Bitcoin, Ethereum, and Dogecoin do not have these correlations. Crypto enthusiasts want to emphasize how crypto is a hedge against inflation. Still, they forget that the value of Bitcoin has fluctuated depending on how quickly or slowly the money supply expanded. Because cryptocurrency has no physical connections, it is fueled by emotion and technical analysis.

## Over Leveraging Can Be Haunting the Crypto Market

Customers at some of the most well-known cryptocurrency exchanges will be able to multiply their account equity by 50 to 125 times. While this level of leverage is common in forex, where currencies move in fractions of a cent, it is absurd for cryptocurrency, which can swing 3% in seconds. According to data from Bybt.com via Bloomberg, approximately 887,000 accounts representing $9.4 billion in total crypto assets were liquidated on May 19 due to leverage-based margin calls. It doesn't take much for the crypto market to go south rapidly because of this tremendous leverage.

## Investors Always Overhype New Tech

Finally, investors usually overestimate new technology uptake. Even though many people are enthusiastic about blockchain, it has been more than a half-decade, and the euphoria has yet to translate into actual enterprise use. Every next big-thing technology, including cryptocurrency, requires time to mature.


Are Crypto Bubbles Bursting? They May Be...

In recent years, cryptocurrency assets have grown in popularity in the tax world and piqued the interest of investors and industry regulators, but what exactly are the crypto tax UK rules?

As the industry around cryptocurrency rapidly evolves, the tax situation has become more complicated. The emergence of distinct and complex cryptocurrency platforms, such as gaming and gambling platforms, and the evolution of non-fungible tokens and hybrid tokens for specific purposes have altered the asset class.

There may be the opportunity to take advantage of more favorable tax rules if you are not resident or domiciled in the UK for tax purposes.
What are the regulations on paying taxes on the crypto asset?

Cryptocurrency (or crypto assets) are electronic currencies that can be transferred, stored, and traded. Ideally, it is almost impossible to counterfeit or double-spend on cryptocurrencies. This is due to their technologically advanced nature, secured by cryptography. Furthermore, the emergence of new technologies has enabled the creation of crypto assets in various forms.

Who is responsible for paying taxes on crypto assets? The short answer is that anyone who lives in the UK and owns crypto assets may be subject to taxation. Current regulations deem you liable to pay tax when you trade, mine, receive as payment, receive as an airdrop in place of a service (or expected service), or exchange for any crypto asset.

Let's take a look at the various taxes you may be required to pay when trading, disposing of, or exchanging any crypto assets:

## Income Tax

Occupation is a factor when [HMRC](https://www.gov.uk/government/organisations/hm-revenue-customs) decides how to tax crypto assets. For example, if the holder happens to be a trader, their trading profits will be subject to Income Tax. If the activity is considered professional trading, Income Tax takes precedence over Capital Gains Tax and applies to general profits and losses.

## Capital Gains Tax

Whether you traded, sold, or exchanged any crypto assets, you will almost certainly be required to pay Capital Gains Tax (CGT). You may also be subject to CGT if you use your cryptocurrency to pay for services or goods. Cryptoassets will be taxed at the Capital Gains rate of 20% for those classified as higher or additional rate taxpayers. On the other hand, basic rate taxpayers will be taxed differently, and the rate charged will be determined by one's taxable income.

## Inheritance Tax

Inheritance Tax may be due upon death when dealing with crypto assets. Therefore, Inheritance Tax planning should be considered.

In conclusion, crypto assets are a prime example of how much the tax world has evolved and how new technologies influence day-to-day industry operations. Therefore, as a trader, investor, or industry regulator, you must understand what crypto assets are and the implications of their use.

Cryptoassets are a valuable new type of investment vehicle, and the UK Government has a vested interest in taxing crypto trading profits. Unfortunately, because the technology is still relatively new, HMRC has not had sufficient time to catch up fully. As a result, there are several loopholes and blind spots in UK tax law that make it unclear how certain crypto assets should be treated. If you trade crypto, you would be well advised to consult a tax professional.

More [Business news](/news/category/crypto-business-news).


Crypto Tax UK: A Comprehensive Guide

Founded in 2000, LimeWire was a peer-to-peer (P2P) file-sharing program that enabled its customers to download and upload files through their laptop/computer desktop software.

It evolved to become one of the most recognized file-sharing programs worldwide. The software was downloaded on 18% of all active desktops. The software was operational on systems that had Windows, macOS, Solaris, or Linux installed.

## How was LimeWire Used?

LimeWire was based on Gnutella, a network protocol enabling individual machines to function with each other. Using the software, users were allowed to download and upload a diverse number of file formats, comprising MP3 (for music), AVI/MPEG (video), JPG (images), and more.

Initially, the end-user had to install the software through its website or any third-party website (for example, CNET) to operate LimeWire. Then the user could proceed and open the file that launches the Installer Wizard. After installing the software, the user had to choose the local folder where they wanted to save the LimeWire files. Finally, the software would ask for user permission to bypass any firewall software.

Once the software is completely downloaded and launched on the desktop, users can download any file they need for their computer.

LimeWire was operational in its free version. If users want to boost download speeds and search results, and access tech support, they could upgrade to LimeWire Pro for an annual fee of $21.95. 

LimeWire was eventually closed down in October 2010 after a long-lasting legal battle with the Recording Industry Association of America (RIA+A).

## LimeWire - May Relaunch

The peer-to-peer file-sharing software LimeWire is relaunching as a music-centered [NFT ](/news/category/nft-news) marketplace.

The LimeWire website was taken over by Austrian brothers Paul and Julian Zehetmayr. They plan to enter the market for digital collectibles with an emphasis on entertainment content, music, and art.

With the relaunch of the renowned platform, followers and collectors will be able to purchase and barter items, for example, pre-release music, limited editions, demos, exclusive live performances, album artwork, and digital merchandise. The relaunched platform will also reportedly hit up to payment alternatives for NFTs, which are generally restricted to cryptocurrency, to authorize payment by credit cards.

The new platform, LimeWire GmbH, will reportedly present musicians with the opportunity to increase their revenue from their music than they would make on other mediums such as Spotify or Apple Music.

In May 2022, the launch is assigned to go forth with 10 recognized musicians supposedly already involved (they remain unnamed). After big names like H.E.R. and Wu-Tang Clan, members of the administration teams will also be entering the startup's boards as counselors this year.

It will be intriguing to witness how the upcoming version of LimeWire fares.




LimeWire Could Return with NFT Focus 

What is the 'crypto com card'? [Crypto.com](https://crypto.com/) Visa cardholders can enjoy up to 10% additional rewards at more than 10,000 merchants in the United States.

The month of March did not only see a recovery in the prices of cryptocurrencies but an increase in Crypto.com Visa card rewards. Crypto.com announced that residents of the US who are holders of their crypto debit cards could earn additional rewards of at most 10% in the novel token of the exchange CRO at more than 10,000 merchants.

Some of the top retailers' cardholders can access rewards from include, but are not limited to, Shake Shack. Sam's Club, Adidas, Office Depot, H&M, and Costco.

## Crypto.com Partners with Cardlytics

Crypto.com's partnership with Cardlytics, a digital advertising platform, made this possible.  

Per excerpts from a statement released by the Senior Vice President and General Manager of Crypto.com for North America, Joe Anzures, Crypto.com Visa cards remain the number one cash-back rewards crypto card in the market. The partnership with the digital advertising platform, Cardlytics will increase benefits for cardholders.

The Executive Vice President, Financial Institutions of Cardlytics, Farrell Hudzik, pointed out that providing meaningful rewards to the customers of Crypto.com brings them great excitement.

He further added that Cardlytics is thrilled to be a part of providing benefits to an emerging market filled with several hidden opportunities.  
Overall, this reward program will play an invaluable role in driving cryptocurrency adoption in the US.

Since the Crypto.com card is the first powered Visa crypto card, new benefits will unlock the potential of cryptocurrencies for residents in the world's financial capital. 

## What is Crypto.com Card?

Crypto.com card was first introduced in 2018 to allow crypto lovers to top up their cards with crypto and get up to 8% back on spending.
Crypto.com's Rewards Visa prepaid card is a series of cards that gives you more benefits depending on how much money you stake.
The card comes in tiers. The lowest is the Midnight Blue, followed by Ruby Steel, Jade Green/Royal Indigo, Frosted Rose Gold/Icy White, and 
Obsidian.

Every card comes with a staking requirement. Midnight Blue card users do not have to stake any amount. Ruby Steel cardholders must stake $400, and $4,000 is the minimum staking requirement for Jade Green/Royal Indigo holders.

If you want to be a Frosted Rose Gold/Icy White or Obsidian cardholder, you should be prepared to stake $40,000 and $400,000 respectively.
Crypto.com was founded in 2016. The platform is among the most prominent exchanges by trading volume. Crypto.com supports more than 140 cryptocurrencies and more than 200 markets and is accessed by residents in more than 90 countries.

### Conclusion

In addition to this, Crypto.com has one of the lowest trading fees in the space, is easy to use, secure, and has three-way accessibility (The Worldwide Web and apps on Android and iOS-powered smart devices).

More [Business news](/news/category/crypto-business-news).
 


Crypto.com Card Users CRO Rewards

This is the story of the bitcoin trader and the TV series Dragons' Den and how crypto scammers falsely used Dragons' Den as a front for a Bitcoin scam. 

There are 21 million [Bitcoin](/coins/btc) in existence, and, right now, 16.3 million have been mined and are being traded. It is widely believed that the last Bitcoin will be mined by 2140. This has made investors, enthusiasts, and others interested in the cryptocurrency.

Bitcoin is the world's most popular cryptocurrency; it is digital money to replace traditional currencies. All Bitcoin transactions are processed by a technology called blockchain, which is considered revolutionary and has the potential of changing economics and finance.

And now, Bitcoin scammers are eager to get a hold of any Bitcoin they can, and they can go to any lengths. A recent story to hit the news is how scammers used images of stars of the popular TV show Dragons' Den to lure victims into giving them the digital currency Bitcoin.
It was the story of Bitcoin trader Dragons Den and a scam to take investors' money.

These scammers use social media to post these stars' images and fake quotes to lure their victims into the con. Peter Jones and Deborah Meaden, both stars on the show, were among those whose images were used to lure unsuspecting victims.

Bitcoin trader platform claims that they offer automatic trading that helps customers make over $10,000 daily. Even claiming their customers work 20 minutes a day. Stars of Dragons' Den were a front for these outrageous claims. It was claimed that Jones invested £2 million for a 25% share, and it was falsely stated that Meaden invested £250 to test the service and made £100 in profits in eight minutes.

This isn't the first time scammers have pulled off scams like this, using pictures of famous people to lure people into making investments that are scams. Images of other Dragons' Den stars have been misused for scams like this.

In March of 2018, scammers used the faces of the stars on the Irish version of the show to promote their scam activities. These people use the faces of famous people or business magnates to lure victims because they are influential and can easily convince victims and people into making investments. The faces of business leaders Elon Musk and Bill Gates were used to scam victims in 2020.

## Dragon Den Denied Any Involvement

Dragons' Den strenuously denied involvement in this scam. Meaden herself said it's essential to do a thorough check before making online transactions because online fraud is rampant and sophisticated.

Does it sound like it might be too good to be true? Then it probably is. Online crypto scams are everywhere now and it's advisable to take care before committing to any investment online, especially where outrageous profits are promised.


Bitcoin Trader, Dragons' Den Scam. A Warning

If you only know one thing about Cameron Winklevoss, it might be that he was part of the team that created Facebook.
You may not know that his story didn't end when Facebook became a household name.

Cameron has continued to be a successful entrepreneur, and he has even ventured into the world of cryptocurrency. Here, we take a closer look at Cameron Winklevoss and his impressive career.

## Who are the Winklevoss twins, and what do they do?

Cameron and Tyler Winklevoss are identical twins who are perhaps best known for their role in the early days of Facebook.

The two were born in 1981 and raised in Greenwich, Connecticut. They attended Harvard University, where they studied economics. While at Harvard, they met Mark Zuckerberg, the founder of Facebook.

Cameron and Tyler eventually sued Zuckerberg, claiming that he had stolen their idea for a social networking site. An out-of-court settlement saw the twins receiving $65 million in cash and stock.

The twins have turned their attention to investing in Bitcoin and other cryptocurrencies in recent years. They are estimated to be worth billions of dollars after making wise investments in this fledgling industry.

What is the backstory to their legal battle with Facebook founder Mark Zuckerberg over the origins of Facebook?
Cameron and his brother, Tyler, first came up with the idea for Facebook while attending Harvard University. They asked Mark Zuckerberg, a fellow student, to help them develop the site.

However, after the site was running, Cameron and Tyler accused Zuckerberg of stealing their idea and taking credit for himself.

Despite the settlement mentioned earlier, Cameron asserts that he was wronged by Zuckerberg and that Facebook should have been his.

How did they eventually settle with Zuckerberg, and what did they receive in return?

After a lengthy legal battle, the two parties settled on a deal which included a seat on Facebook's board of directors.

The settlement also included a provision that granted them 1.2% of Facebook's shares. Today, Cameron and Tyler's stake in Facebook is worth billions of dollars.
What investments have the Winklevoss twins made since then, and how have they done so far?

The twins have been busy investing their fortune. In 2013, they invested $11 million in bitcoin, purchasing 1% of all outstanding bitcoins at the time. It proved a good investment, as the price of [Bitcoin](/news/category/bitcoin-news) has surged in recent years.

## What is their opinion on Bitcoin and other cryptocurrencies?

Cameron Winklevoss, one of the early investors in Bitcoin, believes that the cryptocurrency is still in its early stages and has much growth potential.

Cameron and his brother started investing in Bitcoin in 2012, when each Bitcoin was worth around $12. At that time, they bought about 1% of all the Bitcoins in circulation.

He believes that Bitcoin still has room to grow, citing its limited supply and increasing demand as two significant factors.

Cameron also points to the many big institutions now investing in Bitcoin, which he sees as a positive sign for cryptocurrency's future.

How has their experience as entrepreneurs shaped their views on business and life?

Cameron Winklevoss is one of the most famous entrepreneurs in the world. He has also started several other successful businesses.

Cameron has become an outspoken advocate for Bitcoin and other cryptocurrencies. He is now a partner at [Gemini,](https://www.gemini.com/) a cryptocurrency exchange.

In an interview, Cameron talked about how his entrepreneurial experiences have shaped his views on business and life in general.

He said that "entrepreneurship is all about making the impossible possible. It's about seeing opportunities where others see only risk".

Cameron also said that entrepreneurship taught him the importance of "thinking big" and taking risks. These lessons have helped him become a successful investor and businessman


Cameron Winklevoss: Facebook's “Other Half” 

## Are you using [Binance](https://www.binance.com/en) Bridge?

If you're a Binance user, then you know that their BNB tokens are essential to using the exchange. But what happens if you want to use those tokens on a different platform? 
Or what if you want to sell them for another currency?
That's where the Binance Bridge comes in. You can easily convert your BNB tokens into any other currency with this tool.

Here we discuss how to use the Binance bridge and explain why it's such an important tool for Binance users.

## What is the Binance Bridge?

It is a tool that allows users to convert their BNB tokens into any other currency easily. This can be helpful for two reasons.
To begin with, it allows users to use their BNB tokens on different platforms. It also provides a way to sell your BNB tokens for another currency.

## How to Use the Binance Bridge?

The Binance Bridge is easy to use. To convert your BNB tokens into another currency, all you need is the address of the destination wallet. Then, enter the amount of BNB tokens you want to convert and click "Convert." The Binance bridge will take care of the rest.

After a successful conversion, you can see the results in the "Transactions" tab on the top right corner. You will receive a confirmation email when the conversion is complete. The Binance Bridge supports multiple trading pairs and can be used to convert between any supported pair (such as BNB/[ETH](/news/category/ethereum-news-today) and BNB/[BTC](/news/category/bitcoin-news).

## How Do You Set Up a Bridge Binance?

Binance Bridge is a service that helps you easily connect your Binance account to another application. To set up Binance Bridge, log in to your Binance account and go to the settings page.

Then, click on the "API" tab and generate a new API key. Next, open the Binance Bridge application and input your Binance API key.
Finally, choose the Binance account you want to connect to and click "OK." That's it! Binance Bridge will now help you easily manage your Binance account from within another application.

## How Do We Bridge Binance to MetaMask?

To bridge Binance to MetaMask, you will first need to create a Binance account and to deposit some funds. Then, install the Binance Bridge extension into your MetaMask wallet.

Once you have installed the extension, you are able to connect your Binance account to your MetaMask wallet and use your Binance funds in MetaMask.
This will allow you to use your Binance funds to interact with decentralised applications (dApps) in MetaMask. To disconnect your Binance account from MetaMask, you simply remove the Binance Bridge extension from your MetaMask wallet.

## Conclusion

In addition to converting cryptocurrency from one wallet to another, the Binance Bridge app can be used to convert BNB tokens directly to fiat currency.
This way, users do not have to move their funds to another wallet and can enjoy the benefits of the platform with minimal hassle. 


Binance Bridge: Easily Convert BNB Tokens 

Are you looking for cryptocurrency books to help you learn more about Bitcoin and blockchain technology? You're in the right place.

Here, we recommend some of the best books on the market for getting started in cryptocurrency.

Each book provides an in-depth look at Bitcoin and blockchain technology and will teach you all you need to know about these exciting new technologies.

So, without further ado, let's get started!

### Ethereum: Blockchains, Digital Assets, Smart Contracts by Henning Diedrich

This book is a great starting point for anyone looking to learn about Ethereum and blockchain technology. It provides a comprehensive overview of Ethereum and covers blockchains, digital assets, and smart contracts.

Additionally, the author has years of experience in the cryptocurrency industry and is well-known for his work on the Ethereum project.

The book opens with a focus on what blockchain is, how it works, and why it's so important for cryptocurrencies. The second part provides an introduction to Ethereum and explains how it works.

Chapter 3 goes into the technical details of the Ethereum protocol and its consensus algorithm, the Casper proof of stake (PoS) model.

Finally, chapters four to six provide a deeper dive into the three main use cases for Ethereum: decentralised apps (dApps), smart contracts, and decentralised exchanges (DEX).

What you will learn with this book is Ethereum's core concepts, blockchains, digital assets, and smart contracts, and you will understand the difference between permissioned and permissionless blockchains.

Summing up, the book is an excellent resource for those looking to understand how Ethereum works and how it can be used to create smart contracts.

### Blockchain Revolution by Don and Alex Tapscott

For anyone looking to learn about the potential of blockchain technology, this is a good read. It covers everything from the history of blockchain to its current and future applications.

The authors are also well-known experts on blockchain technology. Their book provides an excellent overview of this exciting new technology.

### Mastering Bitcoin by Andreas M. Antonopoulos

This book is a comprehensive guide to Bitcoin, covering everything from the basics to more advanced topics such as mining and security.

Andreas Antonopoulos is a well-known Bitcoin expert, and his book provides a great introduction to this exciting cryptocurrency.

The author has been a speaker at many conferences, including the Bitcoin conference in San Jose and the Scaling Bitcoin conference in Hong Kong.

He has also featured on [BBC](https://www.bbc.com), [CNBC](https://www.cnbc.com/world/?region=world), Wired, Time, Forbes, the Wall Street Journal, CNET, PCWorld, and others.

## Conclusion

In conclusion, there's a vast amount of information online about cryptocurrency, but it's scattered across different websites, forums, blogs, and social media platforms.

Where do you start and what information do you trust? And it's even harder to figure out which books, articles, videos, and podcasts will help you learn about cryptocurrency and blockchain technology the best.

That's why we made this list. It features everything from beginner-friendly to in-depth technical guides, whitepapers, and books

For more [Business news](/news/category/crypto-business-news).



Cryptocurrency Books: Learn About the Best 

[The Dragons' Den](https://www.bbc.co.uk/programmes/b006vq92) Bitcoin is a scam and they have stolen a lot of money from people. We will look at what Dragon's Den Bitcoin is, how you can spot this scam, and how to prevent yourself from being scammed.

The famous TV show Dragons' Den name has been used to promote illegitimate products on the Internet. Many people have lost money by investing in bogus schemes and products.

Firstly, Dragons' Den Bitcoin is not real. It was created by someone who wanted to make money from people looking for an easy way to invest in [Bitcoin](/coins/btc). It is fake. We will discuss what makes this phony investment so appealing and why people fall for it.

## What is Dragons' Den?

Dragons' Den, produced by the BBC, is a popular UK TV show. It's a reality show where aspiring entrepreneurs pitch their business ideas to experts in the business field and ask for investments. The show is famous worldwide and there are many spin-offs in other countries. The show features a panel of investors known as "dragons" who are willing to invest their own money in business ideas that they like. The Dragons' questions, interrogations, and demands can be intimidating. However, the participants are always up for the task.

## What is the Dragons' Den Bitcoin scam?

The Dragons' Den Bitcoin scam is a fake investment opportunity created to steal your money. It claims, falsely, that it is associated with the popular BBC show. The scam has different versions, but all have one thing in common: they ask you for money in exchange for an investment opportunity that does not exist. The scammers use high-pressure tactics to convince you to invest in their fake Bitcoin trading platform and steal your money. They present you with false claims about what will happen if you do not act on their offer.

Scammers have been luring unwitting investors into trading with their money by exploiting photographs of personalities from the TV show Dragons' Den. Their photographs and comments have enticed users into a get-rich-quick Bitcoin scam on websites and social media.

The Dragons Den Bitcoin scam is an example of how fake sites use the names of well-known public figures, celebrities, and TV shows to promote a get-rich-quick scheme. It’s not a real investment opportunity.

We are seeing a new twist on a classic cryptocurrency fraud, and victims are being duped out by scammers who promise high returns on investments in Bitcoin.

So far, some of the versions of the Dragons Den Bitcoin scam include:

- A fake news report claiming Deborah Meaden, one of the original investors on Dragons' Den, made a £250,000 investment in Bitcoin after seeing how it had been making people huge fortunes.
- A fake interview with Sarah Davies and Jenny Campbell, two new investors on Dragons' Den, claiming they had invested in Bitcoin after they saw how it was helping people make money.
- A fake interview with Peter Jones claiming he was starting a Bitcoin investment program after seeing how it had been making many people rich.

The fraudsters present themselves as legitimate businesses and offer exceptionally high returns on investment. But rather than investing your money, the fraudsters are stealing it. They use fake celebrity endorsements to convince people that the "opportunity" is genuine.

These scammers have no relation to the real Dragons, but hope people will be fooled into sending money for cryptocurrency investments. There are legitimate ways to invest in Bitcoin and other cryptocurrencies, but you must research these thoroughly before investing your money.

## What to look out for:

If you're offered an amazing opportunity to invest in Bitcoin or another cryptocurrency out of the blue, proceed with extreme caution – or avoid it altogether! These fraudsters are highly convincing and manipulative, often using very subtle tactics to lure you in.

The BBC has investigated several Bitcoin trading platforms and found that some are legitimate, but others are not.

It is reported that some people have lost up to £200,000 after being lured into scams by fake social media posts.

The scammers promised high returns for investors.

They'll tell you that Bitcoin is about to explode onto the mainstream market. This isn't true.

## Conclusion

Dragons' Den bitcoin is a scam. It is not legit. It's a fake get-rich-quick scheme that promises investors huge profits within a short period. People should carry out thorough checks before putting any money into schemes, especially those they hear about through unsolicited emails or adverts online.



Dragons’ Den Bitcoin: Legit or a Scam? 

Coinbase Twitter tweeted a link to the article titled “The crypto guide to taxes” in the last days of March 2022. 

The tweet came a few weeks to tax season 2022 in the United States of America, and with the deadline for submitting personal gains to the Internal Revenue Service (IRS) fast approaching.

Coinbase tweets towards the end of March were on blockchain analytics, promotions for new accounts, and advanced trading on the cryptocurrency exchange. 

For Coinbase Twitter news to focus on crypto taxes means representatives of the platform continue to get messages from account holders on what activities constitute paying cryptocurrency taxes.

## Coinbase Twitter Reminder

Coinbase users have a cause to worry about Coinbase taxes. This is the primary reason why it is not surprising to find millions of verified Coinbase users asking the question of which crypto transactions are taxable? 

According to Coinbase, numerous kinds of crypto transactions are considered taxable events. Several crypto activities are taxable, but some of them are not. 

When you sell and convert crypto, you should know that you must pay crypto capital gains tax.

With that said, activities such as mining and holding digital collectibles in the form of non-fungible tokens (NFTs) and buying and holding crypto are non-taxable events.

Therefore, if you know that you have staked, spent, converted, sold, and earned crypto, you should prepare to pay taxes on cryptocurrency gains.
Taxes on personal income come in different rates and brackets, and the cryptocurrency tax is the same. Cryptocurrency tax rates fall under ordinary income or capital gains.

The rate of token tax depends on factors such as the method of obtaining the crypto and the duration you held onto the digital coins. 
IRS crypto taxes is similar to paying taxes on stocks. Therefore, you will pay relatively lower rates if you decide to HODL (hold onto your tokens for at least one year before selling them). 

You will pay taxes on crypto if you are involved in swapping tokens. A great example is trading crypto pairs such as BTC for ETH, ETH for ADA, ADA for BNB, and others. In the eyes of the IRS, swapping means you have sold your Bitcoin to buy Ethereum, Ethereum to buy Cardano, and Cardano to buy Binance Coin. In such a situation, you will realize gains or losses.

The same holds for spending. For example, you buy $20,000 worth of ETH and a price spike increases your investment by 300% to $80,000. You use your ETH to buy an automobile worth $80,000. You are then subject to paying capital gains tax on cryptocurrency.

The only way to avoid paying taxes on crypto is to use good old cash. Although it is not impossible, it would be difficult to find an exchange that accepts cash as a payment method in the current climate of crypto regulation. To put it simply, buying crypto with cash is not taxable, so you would not be having any IRS crypto problems once tax season takes center stage.

If you are a trader who transfers digital currencies between wallets such as Coinbase wallets (non-custodial wallet) and Coinbase Exchange accounts (custodial wallet), you are not subject to reporting detailed activities of such transfers.

Suppose you sent no more than $15,000-worth of crypto to friends and acquaintances. In that case, you are not eligible to file taxes on cryptocurrency.

Reporting your crypto activities and paying the necessary crypto trader tax is imperative.

The IRS has a zero-tolerance policy when it comes to paying taxes. Failure to adhere to crypto and taxes rules could lead to steep penalties. 
You can use CoinTracker (a trusted aggregator for tax services) to help you sort out your taxable crypto activities. 

Although Coinbase Twitter news has done its part in shedding more light on crypto and taxes, the onus falls on you, as a crypto user, to make arrangements for capital gains on cryptocurrency.

More [Business news](/news/category/crypto-business-news).



Coinbase Twitter Shares Crypto Tax Guide 

[Coinbase](https://www.coinbase.com/places/united-kingdom) account restricted 2021 was searched for by some of the 89 million verified users of the biggest exchange in the United States, measured by volume. There are growing reports of accounts of many customers temporarily disabled.

Coinbase account restricted 2022 continues to gain grounds as millions of customers continue to deal with limitations on their accounts. It is not surprising to see why is my Coinbase account still restricted gaining millions of hits on search engines.  

According to Coinbase, if an account holder violates the User Agreement, they may restrict access to essential features of the customer's account, such as buying and selling cryptocurrencies. Factors contributing to buy/sell services being disabled include a high risk of fraud. Per regulations, Coinbase adheres to anti-money laundering rules which helps counter-terrorism financing.

As a result, the exchange has a zero-tolerance policy when it comes to activities intended to lead to personal financial gain at the expense of others.

Once this happens, customers hold onto their digital currency wallets, although they will not be able to engage in buying and selling activities.
Plus, as Coinbase provides a custodial wallet, funds remaining in the wallets in the form of accepted fiat currencies like the Great Britain Pound (GBP), Euro (EUR), United States Dollar (USD), and Canadian Dollar (CAD), can be withdrawn to a verified bank account linked to the Coinbase account.

Coinbase, by daily volume, is one of the largest cryptocurrency exchanges globally. The exchange supports more than 50 cryptocurrencies and several markets. Statista's report on the largest cryptocurrency exchanges in the world, based on 24h volume, was last conducted on March 28, 2022. Coinbase Exchange finished in 11th place. It recorded around $3.26 billion for the day.

Therefore it is not appropriate for millions of users to bump into such blocks which prevent them from going about their trading activities effortlessly. Coinbase competes with Binance, Upbit, CoinFLEX, OKX, and others. Finding out your Coinbase account is restricted countless times may not bode well for the platform's fortunes.

Now that you know why your account is still restricted, the next step is how do you resolve a restricted Coinbase account? 

## How do I resolve a restricted Coinbase Account? 

Several Coinbase accounts restricted after verification have this issue resolved within 10 business days of going through a resolution process.
If your Coinbase account is restricted, follow the steps below to remove this restriction.

First and foremost, ensure that personal accounts attached to your Coinbase accounts, such as email, have been secured with multi-factor authentication.
Secondly, with details of your Coinbase account intact, perform a password reset that guarantees access to your custodial wallet. 

Thirdly, provide essential details to Coinbase Support. At this stage, Coinbase will require details of your last successful sign-in and who authorized access to the account.

You will be asked to provide information on transactions that you did not authorize, including the time of transactions and the amount of money involved.

In addition to these, you must provide specifics on how the multi-factor authentication set and passwords of emails were compromised.
Lastly, Coinbase will ask for additional information that can help them understand the nature and purpose of the attack.
 
## Frequently Asked Questions (FAQs) 

How long does it take to unrestrict a Coinbase account? 
Coinbase restricted accounts are treated as high-priority cases. You'll need patience as Coinbase uses 10 business days to investigate the necessary security reports that will help resolve the problem completely.

More [Business news](/news/category/crypto-business-news).


Coinbase Account Restricted: What’s the buzz?

Mastercard and [Bakkt](/news/tag/bakkt) have [announced](https://www.businesswire.com/news/home/20211025005487/en/Mastercard-and-Bakkt-Partner-to-Offer-Innovative-Crypto-and-Loyalty-Solutions) that they are joining forces to enable crypto card payments. The aim is to make it easier for banks and financial firms to offer and accept crypto payments.

The partnership will roll out in the next few months. The project aims to pave the way for firms that want to offer crypto by letting them use [Mastercard’s network](/news/article/mastercard-crypto-asia) of banks and other financial institutions.

## Mastercard Look to Make Crypto Easier

"To spend cryptocurrency globally today, you need a very complex ecosystem," said Kelly Loefller, CEO at Bakkt, and chief market and corporate development officer at Mastercard.

"We will continue to work with merchants and consumers to make it easy for them to use cryptocurrency."

"Cryptocurrency is going to play a foundational role in the future of our new payment system. We feel that by joining forces, we'll be able to deliver more value".

## Some Reluctant to Trade Crypto

The new system is also designed to appeal to institutional investors who are still reluctant to trade crypto because of volatility and complexities.

"Every asset class can benefit from a more efficient and speedier processing cycle," Loefller said.

"That's what we're trying to accomplish here." 

Increasingly promising news of investment in cryptocurrency and blockchain technology is spreading throughout the traditional banking world, with this being one of many collaborations. There have also been rumours that Mastercard will hire new staff as part of their expanding interest in cryptocurrency over the coming years. Is this the first of many crypto collaborations for major companies? We will have to wait and see. 



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