According to Tesla's newest Q2 financial statement, Bitcoin was one of the essential items that impacted the operating income.

As per the official data, the operating income improved year-to-year to $2.5 billion in the second quarter, resulting in a 14.6% operating margin.

"As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency," Tesla's statement said, adding: "Conversions in Q2 added $936M of cash to our balance sheet."

However, during the regular quarterly investor call, the company's CEO, Elon Musk, revealed that even though Tesla holds Dogecoin as well, it didn't convert any of that into fiat.

 "We still have it," Musk claimed.

Just a month before, speaking at the Qatar Economic Forum in Doha, Musk confirmed he supports Dogecoin, reiterating that Tesla accepts the currency as payment for its products. He also announced that his company SpaceX intends to do the same.

Musk says he intends to 'personally support' Dogecoin in response to the many people who are not wealthy and have encouraged him to buy and support DOGE.

## Tesla’s Musk – Bitcoin and Dogecoin advocate

Back before, Musk was [pretty vocal](/news/article/elon-musk-bitcoin) about owning Dogecoin. However, he never confirmed that Tesla or SpaceX have it in their portfolios. It is not known whether the assets left in crypto are remaining Bitcoin or, perhaps, Dogecoin.

If we try to calculate how much Bitcoin Tesla has left, we should look at the sheet where it says the company owned 42,000 Bitcoin heading into the second quarter.

After the company sold 75%, there should be 10,500 at the quarter's end. We can only presume that the snapshot was taken somewhere at the end of June when fiscal Q2 ended. At the time, 1 Bitcoin was worth somewhere between $18,750 and $20,300. This could mean that there are 10,500 coins, of which $197 to $213 million are Bitcoin.

Musk has been a crypto advocate for years and was pretty influential in market moves. In 2021 he helped Bitcoin jump after admitting Tesla bought some for its corporate vault.


Tesla Bitcoin Sale Confirmed by Elon Musk

## Bitcoin escapes extreme fear on the index following a rise in sustainable mining

On July 19, the Crypto Fear and Greed Index dropped from "extreme fear" to "fearful," scoring 30 out of 100. It has since risen somewhat to an index score of 31. The indicator is primarily calculated using market volatility, volume and dominance, social media sentiment, surveys, and search trend data.

According to Santiment, BTC's average funding rate on exchanges has reached its highest levels in the last two months as the price of BTC rises above $23,600, with five Fintech professionals at Finder and 53 industry experts predicting that BTC will [bottom out](/news/article/bitcoin-dip-over) at $13,676 before rising to $100,000 by 2025 and $300,000 by 2030.

## Sustainable mining bitcoin power hits 59.5%

According to reports, increased costs have driven increased [sustainable mining](/articles/our-news/sustainable-future), as indicated by a substantial rise in efficiency over the last eight years. As oil and gas energy prices increase and the cost of renewable technology decreases, it makes not only financial but environmental sense to engage in sustainable mining.  
Mining equipment demand has risen as prices rise, driving device innovation for cheaper alternatives. Efficient devices are more cost-effective and lucrative, pushing less profitable alternatives out of the market.

As per the Bitcoin Mining Councils BMC's Q2 review of the Bitcoin network, issued on Tuesday, the global Bitcoin mining industry's usage of sustainable mining energy is up 6% from Q2 2021 and 2% from Q1 2022,  [reaching 59.5%](https://www.investing.com/news/cryptocurrency-news/sustainable-bitcoin-mining-power-mix-hits-595-btc-mining-council-2849155) in the latest quarter, making it one of the most sustainable sectors globally. The council saw a rise in miners' energy mix correlated with an efficiency improvement. It was also discovered that Bitcoin mining accounted for just 0.09 % of the projected 34.8 billion metric tonnes of carbon emissions produced globally and required only 0.15 % of the global energy supply.

United States legislators are particularly interested in the condition of the country's Bitcoin mining energy use after they issued a letter to the Environmental Protection Agency and the Energy Department, requesting that mining businesses report on their emissions and energy use.


Sustainable mining of Bitcoin rises to 59.5%

The Bitcoin price rose by 7 percent on July 20, while Ether news now confirms its $1,500 level. The cryptocurrency market was bullish as the new day began, with Bitcoin (BTC) breaking the price zone of $23,000 while Ether (ETH) was successful in maintaining the price level of $1,500.

## Ethereum's Price Stabilization

The leading cryptocurrency, Bitcoin, increased in value by 7.6 percent, while Ethereum saw its value increase by 4 percent over the past day. According to data provided by CoinMarketCap, the prices of one bitcoin (BTC) and one ether (ETH) as of 12:12 p.m. Eastern Time were respectively $23,465 and $1,563.

The market capitalization of BTC controls increased to 42.98 percent, up from 41.31%, while the market capitalization of Ether decreased to 18.09 percent, down from 18.2 percent.

A survey conducted by CoinMarketCap projects that the price of one Ether will reach $2,765.93 by the end of July, while another survey projects that the price of the most popular cryptocurrency, BTC, will reach $33,267.03 by the same time period. In total, there were approximately 34,247 and 12,313 people who cast their votes, respectively.

On the other hand, according to the data compiled by PricePredictions, Bitcoin will be worth more than $35,213.01 in 2022, while Ether will be worth more than $2,345.58. The prices of the two tokens have significantly increased as a result of this development.

In April, Antoni Trenchev, the Chief Executive Officer of the cryptocurrency lending company Nexo, made a bullish prediction by stating that Bitcoin could reach $100,000 within the next year.

Cardano (ADA), Cosmos (ATOM), Flow (FLOW), [VeChain (VET)](/news/article/vechain-news), and Helium (HNT) were the top five cryptocurrencies by daily gain, increasing by 10.57 percent, 10 percent, 11.7 percent, and 10 percent, respectively.

Helium (HNT) was the top cryptocurrency by daily gain. As of 12:33 a.m. Eastern Time, the prices of these tokens were as follows: $0.5251, $10.28, $2.06, $0.0271, and $10.22.

As the prices of BTC and Ethereum continue to rise, more and more people are taking notice. Experts are making bullish predictions about the future of both currencies, with some saying that they could reach new heights shortly. Keep an eye on the Ethereum news now to stay up-to-date on all the latest developments in this exciting market! 

For more developments on the crypto news go to Latest Moni.


Ethereum news now confirms $1,500 price level

The Bitcoin dip has been going on for a while now, and some people wonder if it is coming to an end. While we cannot be certain, there are a few things that could indicate that the dip might be nearing its end.

## Signs the Bitcoin Dip Might Be Nearing its End

One of the most obvious signs is the recent increase in BTC prices. After months of decline, Bitcoin prices have started to rebound in recent weeks. This could signify that investors are beginning to see value in Bitcoin again and are willing to buy it at higher prices.

Another sign is the increasing number of transactions on the BTC network. Despite the price decline, the number of BTC transactions has continued to grow throughout the dip. This indicates that people are still using BTC and are finding ways to transact despite the lower prices.

The increasing number of Bitcoin-related projects and businesses could also be a sign that the Bitcoin dip is ending. Several projects were postponed during the dip, but there are still a number of companies working on new Bitcoin-related products and services. This suggests that there is still interest in BTC from both businesses and consumers.

What’s more, key indicators suggest that [BTC](/coins/btc) is currently undervalued. For example, the Bitcoin Relative Strength Index (RSI) is at 26, the lowest since 2018. This indicates that Bitcoin is currently oversold. In addition, Bitcoin has fallen past its 200-week moving average of $22,350, another sign that it's a bargain.

Of course, predicting where the bottom is for Bitcoin is impossible. Values fluctuate wildly, driven by speculation, hype, and the whims of the broader economy. However, the signs mentioned above suggest a good chance that the worst of the Bitcoin dip is over.

While some investors see this as a buying opportunity, others are worried that the market is in for more pain.

## Shark Tank's Kevin O'Leary Buying the Dip

TV personality and investor Kevin O'Leary said he's [taking advantage of the recent dip](https://markets.businessinsider.com/news/currencies/kevin-oleary-shark-tank-crypto-investing-strategy-portfolio-bear-market-2022-6) in prices to add to his positions in Bitcoin and Ether.

"I'm a buyer of dips; that's my general philosophy," O'Leary said on CNBC's Halftime Report. "I think we're in a long-term bull market for Bitcoin, and I don't try to time the short-term gyrations."

O'Leary, who has been investing in cryptocurrencies for about two years, said he sees Bitcoin as a store of value similar to gold. He also believes that Ethereum, the second-largest digital currency by market value, has more upside potential than BTC because it's being used more by corporations and developers.

"In the short run, anything can happen," O'Leary said. "But if you're a believer like I am in the long-term story...then you buy the dip."

## Factors to Consider

- First is your risk tolerance. What level of risk exposure are you willing to take on? If you are risk averse, then buying the dip may not be for you.
- Second is your time frame. Are you investing long-term, or are you looking to make a quick profit?
- Thirdly, consider your investment goals. Know what you hope to achieve by investing in Bitcoin.
- The other important thing to consider is your knowledge of Bitcoin and cryptocurrencies. Do you fully understand how BTC works and the risks involved?
- The fifth factor is the price. Is the current price attractive compared to where you think bitcoin will be in the future?

## Conclusion

So, is now the time to buy? Only you know the answer to that.

Of course, there's no guarantee that BTC prices will rebound or that the current dip is a good opportunity to buy.

However, if you have faith in the long-term potential of Bitcoin, then buying during a dip can help you towards better returns.


Is the Bitcoin Dip Over?

Scammers are at it again with Bitcoin. This time, another bogus celebrity endorsement is being used to trick unsuspecting members of the public into joining up for various Bitcoin trading sites. This time it is the [Ant McPartlin Bitcoin scam](https://www.economywatch.com/bitcoin-robot/ant-mcpartlin-bitcoin).

In this article, we look at a con involving Ant McPartlin's name and analyse whether the TV star ever actually got involved in Bitcoin Revolution, a BTC auto-trading business.

## Who is Ant McPartlin?

Anthony David "Ant" McPartlin is a British television producer, rapper, singer, comedian, actor, and TV presenter born in Newcastle upon Tyne in 1975. Because of his talent, he has a large following that extends beyond the United Kingdom.
McPartlin is well-known for his work as a co-presenter with Declan Donnelly, known colloquially as Ant and Dec.

McPartlin has garnered honours for his outstanding contribution to the media business, including the British Academy Television Awards: Entertainment Programme (Ant & Dec's Saturday Night Takeaway) and the British Academy Television Awards: Live Event (The Queen's 90th Birthday Celebration).

## What is Bitcoin Revolution?

[Bitcoin Revolution](/news/article/bitcoin-revolution) is an automated Bitcoin trading system designed to improve the trading experience of investors with limited capital, time, and trading skills. The platform includes a robot that manages the whole trading process on behalf of the account user, automatically executing buys, holds, and sells with minimum input from the investor.

After registering on the platform, users must make an initial payment of at least £200.

Bitcoin Revolution is a built-in algorithm that claims to deliver more than 99% accuracy on all trades, allowing investors to earn up to 20% daily returns on their money.

## Ant McPartlin Bitcoin Scam?

The question is, did McPartlin endorse Bitcoin Revolution?

McPartlin has denied any support for a Bitcoin trading platform. He has claimed that he has no intention of investing in Bitcoin or its trading bots.

As we investigated, we found no direct or indirect postings on Ant's social media to indicate that he had adopted the trading platform.

McPartlin is one of many celebrities whose accounts have been phished by Bitcoin fraudsters.

An “audience seeker” storyline is always popular, especially when it involves renowned people. In this example, bogus news sites and gossip blogs have fueled media coverage of the entire event, primarily to gain click-through and registration commissions from the traders involved.

Fake trading sites were involved in advertisements and other media promotion of the supposed endorsement, causing naive investors to lose money.

Because neither McPartlin nor Bitcoin Revolution confirmed the endorsement story, it was assumed that a bunch of avaricious internet marketers staged the entire affair.

## Is Bitcoin Revolution a Ponzi Scheme?

This is a common question among cryptocurrency aficionados right now. Should I put my funds on the platform?
I say not. Unless you can verify the legitimacy of any trading platform for yourself, you should retain your money in your bank account.
 



Ant McPartlin Bitcoin Scam Explained

Whether you are an active crypto investor or simply an aficionado, the chances are that you have heard of the Bitcoin Rush scam, or at least the trading robot.

Basically, it's a trading bot that claims to increase average daily trading profit to $1,500. However, when we look around the internet, we can see all kinds of reviews. Many sites say it's legit, but there is a question about whether these media are paid for that.

That’s why we decided to consider both sides of the Bitcoin Rush scam story.

## What is [Bitcoin Rush](https://money-back.com/bitcoin-rush-scam/)?

First of all, Bitcoin Rush is not something that would invest on your behalf. It is basically a recruitment advert to get inexperienced traders to give their assets. This doesn't mean that they cannot earn profit. It does mean that there will be probable scammers nearby who will be waiting for the "fresh blood".

Still, it would be wrong to name the whole thing a scam since this is simple artificial intelligence we are talking about and there is no such thing as a reliable auto-trading AI. Auto-trading systems can be used as a help when the market is uncertain and volatility high.

Even though products like Bitcoin Rush or a similar bot dubbed Bitcoin Code claim to be completely legal and have terms and conditions and a privacy policy that seems totally legit – it is always good to read the small print. 
With its explanation at the page bottom, Bitcoin Rush basically confirms it breaches advertising codes in many countries, but since it is not from any country, it is not strictly illegal.

“Bitcoin Rush is a beginner-friendly [BTC](/coins/btc) auto-trading system. We have helped tens of thousands of our clients gain financial freedom through BTC trading. You could generate up to $750 daily by depositing as little as $250 with us. The daily return could quadruple within weeks of compounding your profits.”

Therefore, it is recommended that you try trading in demo mode first to learn how to leverage Bitcoin Rush to facilitate a live trading session and make a profit.

If you lose money, there are no chances of getting it back since Bitcoin Rush isn't the one who took it. Be aware that Bitcoin Rush does not exist as a company or service. It is only a creation sold by the affiliate networks to make people sign up with, mostly offshore-based, brokers.

Also, let’s not forget that the main characteristic of the crypto market is that it is decentralised and its transfers cannot be traced.

Yes, so-called recovery firms will offer their services to help you get your money back. But guess what – they also cost money as they will only seek recovery from your bank, and keep a portion of that.

Most banking and credit card companies offer that service, so this is something you can do yourself without the help of such "recovery firms". It's better not to bother.

Remember, affiliate marketers sometimes do fraudulent marketing for both legit and scam trading robots. That is why we recommend doing your own research before choosing any auto trading platform.


Bitcoin Rush Scam Explained

This may be news to Berkshire Hathaway (BRK)- the philosophies of Bitcoin and BRK are more similar than you think.

The Berkshire Hathaway (BRK) and Warren Buffett's trusted advisor and BRK vice chairman Charlie Munger frequently draw on Carl Gustav Jacob Jacobi's mental model to shed light on complicated issues. Bitcoin's success is largely due to philosophical and structural similarities with Berkshire Hathaway, which is the genuine public market parallel of bitcoin.

BRK's wholly-owned portfolio of firms, rather than Buffett's stock-picking in the public markets, is what makes it so fascinating. Many different industries are represented by BRK's 63 subsidiaries, which vary from insurance to energy to railroads to furniture and jewelry retailers to mobile home builders to private jet leasing companies and more.

However, despite the fact that Buffett did not intend to build a decentralized company, BTC's bold implementation of decentralization has provided the world with a transparent and self-policing global financial network.

Lawrence A. Cunningham's book "Margin Of Trust: The BRK Business Model" delves into Berkshire's Hathaway news and its relationship with the concept of trust. To avoid hostile takeovers, BRK does not use investment banks or financial intermediaries to purchase firms.

## Bitcoin and Berkshire Hathaway follow a philosophy that is similar

In the same way that Berkshire Hathaway and Bitcoin rely on the virtues of honesty and transparency to earn money, so does Berkshire Hathaway. The Global Financial Crisis spawned both BRK and Bitcoin.

[Berkshire Hathaway and Bitcoin's success](https://bitcoinmagazine.com/business/bitcoin-and-berkshire-hathaway-share-philosophy) can be attributed to a similar "management theory" known as "incentives". "Programmatic Proof of Work" incentives are used by BRK for both mining bitcoin and securing the network.

When he witnessed unaffiliated financial firms generating derivatives of Berkshire A shares to offer to small investors, Buffett created B shares of Berkshire stock. The stock market serves as a gauge of long-term value and alignment for him.

People all over the world have been moved to action by the BRK culture of evangelists, authors, podcasters, presenters, and HODLers. Buffett has been able to shape the company in the way he sees fit, rather than relying on the opinions of others. Bitcoin, according to Buffett, has no intrinsic value.

In contrast to Ric Edelman, who believes that traditional asset valuation methodologies should not be applied to digital assets, BRK and the way Warren Buffett has developed it has crucial lessons for bitcoin, including the idea of rethinking your ownership of equities as percentage ownership of real businesses, rather than just numbers on a screen.

As a way of inspiring confidence and grit in his shareholders, Warren Buffett writes letters to them in which he warns them against the use of leverage to boost returns.
Use leverage if Warren Buffett is looking back at you in the mirror. Guerin was an excellent capital allocator, but he was under pressure to generate money, so he sold his Berkshire shares to Buffett.

The most successful investors all agree that the key to investing success is choosing the correct investment vehicle and holding it for as long as possible so that gains can compound. Don't get too caught up in the price and behave with extreme caution when it comes to financing or leveraging your holding.

Using Invert BRK's astounding analogies to bitcoin, we can see the way to a similar valuation and how to survive the voyage to get there. For more developments on the crypto news go to [Latest Moni](/news)).



News to Berkshire Hathaway-BTC's Ideology's Similar

It can no longer be ignored, so now we must ask, 'what is the impact of cryptocurrency on society?'.
Bitcoin has inspired a variety of reactions since its inception in 2009. Some people consider [Bitcoin](/coins/btc) to be a ground-breaking breakthrough. Some say it is a passing blip on the radar; others believe it is here to stay.

What is beyond doubt is the impact of cryptocurrency on society, most notably Bitcoin.

It is time to ask what crypto will provide to our communities, whether it will improve administrative and financial tasks, and whether it could benefit humanity.

## What are the Advantages of Cryptocurrency?

Although a relatively new innovation, cryptocurrencies are, in my opinion, unquestionably here to stay.
That is largely due to the numerous advantages they offer. The impact of cryptocurrency on society can be positive, if you know how to tap into the benefits.

Not least is its ultra-secure, transparent infrastructure.

A further advantage to cryptocurrencies that is particularly relevant at the moment is the avoidance of inflation.
Because they are not tied to a particular currency or national economy, the value is determined by global demand and not national inflation.

When the supply of a cryptocurrency is limited - for instance, Bitcoin is capped - the amount available cannot spiral out of control.

## The Impact of Cryptocurrency on Society

The majority of cryptocurrencies use blockchain technology, and it is an innovation with significant potential benefits for society.

Here are just three examples of ways in which using crypto for everyday tasks can impact on society.

1.	Cryptocurrencies give you, and only you, control over your money: Traditional cash gives complete authority over your finances to central banks and the government. It isn't really "your money." If you trust your government, that's fantastic. But keep in mind that your bank account can be frozen anytime, denying you access to your funds. In the United States, for example, if you die without a legal will and run a corporation, the government has the right to all your assets.

2.	Simplified [Cross-Border Transaction](http://www.ruchelaw.com/cross-border-transactions/): You might think that in the digital age, businesses can sell to anyone, regardless of their location. However, obstacles remain. One of the most significant is the high cost of processing payments. Cryptocurrencies allow you to trade abroad without giving up a portion of your profit or overpricing your product, as well as avoiding transaction fees. The value of Bitcoin is the same everywhere, and the lack of intermediaries speeds up and lowers the cost of transactions.

3.	Eliminating Extreme Money-Printing: A government may be able to bail out debt or devalue its currency by printing more money. This is like bandaging a broken leg. It not only rarely solves the problem, but the harmful side effects might often outweigh the initial problem. The supply of most cryptocurrencies is finite. When all of those coins are circulating, there is no straightforward method for a central authority or the firm behind the blockchain to simply generate more coins or increase the supply.

## Conclusion

Even years after its release and development, cryptocurrency still has room for improvement and exciting advancements.

The risks are likely to decrease further as governments establish guidelines and ways to stabilise the product while retaining its unique appeal are found.

Indeed, there is little question that the impact of cryptocurrency on society will be significant.


The Impact of Cryptocurrency on Society

It's been a rough few days in the cryptocurrency world, with [BTC falling below $20,000](https://www.ibtimes.com/crypto-july-12-bitcoin-drops-below-20000-market-turns-red-3570356) and the market turning red.

After a 2.89 percent dip in BTC in the last 24 hours, the cryptocurrency market opened on a gloomy note on Tuesday. At 12:17 a.m. Eastern Time, one BTC stood at $19,958, according to data from CoinMarketCap (CMC).

## Ethereum falls 5.6%: Predicts a return of $2789.81 by the end of July

The second-largest cryptocurrency, Ether (ETH), fell 5.6% the previous day and was trading at $1,088 at 12:17 a.m. Eastern Time (ET). Despite the recent drop, the median estimate tool provided by CMC, in which 32,022 individuals participated, predicts that BTC will recapture $35,143.87 by the end of July. For Ether, the same feature, which received 11,849 votes, predicts a return of $2,789.81 by the end of July.

## BTC Expected to Grow

BTC is expected to grow to $24,648.70 by August 1st, according to WalletInvestor, while DigitalCoinPrice predicts that BTC will trade at $28,089.80 on average in August. According to BitcoinWisdom's annual estimate, BTC will conclude the year in the $27,989 range. Solana (SOL), Dogecoin (DOGE), Near Protocol (NEAR), and Cosmos (COS) were the largest losers today (ATOM). There was a 4.99% drop in these tokens, followed by 5.42 percent, 4.46 percent, and 5.01 percent.
 
These coins cost $33.77, $0.6242, $3.28, and $8.27 at 12:33 a.m. ET. Polygon (MATIC) went bullish with a 4% price increase in the same period, while Uniswap (UNI) suffered the most with a decline of over 9%. At 12:35 a.m., these tokens were worth $5.4 and $0.5816, respectively.

The Bitcoin crash continues, with the cryptocurrency falling below $20,000. Ethereum is also down, although not as much as BTC. The market is overall red, with many coins losing value. BTC is expected to grow in the future, but it remains to be seen how long the current Bitcoin crash will last.

For more  crypto coin and token news go to [Latest Moni](/news).


Bitcoin crash continues below $20,000

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

Altcoins on the Rise to be showing signs of recovery, with Bitcoin up again by 7%. Its weekly gains have been around 13%. If the trend persists, it might make the highest gains in the last nine months, i.e., since October 2021.

This will be welcome news for cryptocurrency investors who have been waiting for the green shoots of recovery in the markets.

As of 8 July 2022, the price of Bitcoin is close to $22K ($21,780.04) as per [CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/). Moreover, the global cryptocurrency market cap today is around $960.69 billion. There has been an overall 5% surge in the global market cap.

In addition, the recent reassurance by the US Federal Reserve regarding recession has positively impacted both traditional and crypto markets. Consumer confidence has increased, and BTC's fear and greed index has increased to about 20 points.

## Altcoins on the Rise

Altcoins are also making significant gains as the overall crypto market is turning green. Ether, the second-largest cryptocurrency by market cap, has seen a 5% surge. However, the main reason behind its rise is the successful [Ethereum Sepolia Testnet merger](/news/article/ethereum-testnet-success).

Moreover, Litecoin (LTC) is also seeing a positive rally as its price has surged to $51.90 with an over 3% increase. The Binance Coin has been up by 7% in the last week and is trading at around $237. Meanwhile, Dogecoin and Shiba Inu also made notable gains. 

## Bitcoin Up Again

With Bitcoin  increasing in value again, we must ask, is it the end of the macro downward trend? That's what investors are hoping for.

Nevertheless, crypto analysts suggest that a small surge and the downward trend will likely continue. [@Roman_Trading](https://twitter.com/Roman_Trading/status/1545064421122269184/photo/1) explains that the hike follows similar patterns of the past eight months.

![wasay.webp](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wasay_c446773d29.webp)
 
Another analyst, @gilbertocrypto1, observes that this Bitcoin surge could be bullish if the price crosses the $23K mark. However, as of now, the overall trend is still downward.



Crypto Market Turns Green: Bitcoin Up, Altcoins Making Significant Gains Too

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

#Bitcoin Doubler Scam Explained

*italic text*This article will explain what [Bitcoin](https://www.monitalks.io/coins/btc) doubler scam strategies some contemporary thieves use. Hence, you stay informed and prevent getting robbed!

The idea of doubling money always sounds lucrative. It appeals to the human's inherent greed and desperation for cash. But against it, the logic will strongly warn you that it's only a temptation that can't be turned into reality.

Unfortunately, the money doubling scam has also entered the crypto world in the shape of the BTC doubler scam. It has already trapped many crypto novices and has taken their money. Bitcoin doubling sites run on Ponzi schemes and can never double your coins.

In this article, you can learn about the reality of the Bitcoin doubler scam. We will inform you about how scammers often approach you to help avoid them.            

## What is a BTC doubler?

To better understand the Bitcoin doubler scam, you first need to know what a BTC doubler is. A Bitcoin doubler is a person or a company selling you the idea that you can double your Bitcoin count instantly.

You may be asked to send your funds to them so that they can double them for you. You must not fall for this scheme!

Because as soon as they get the funds from you, you will never hear from them again. Some scammers might keep you in the loop for a while and then disappear without any update.

## Bitcoin Doubler Scam Strategies

The Bitcoin doubler scam uses many different tactics to rob you. They also perform research to target specific people by studying their pain points and using strategies accordingly. Here we have discussed the scammers' three common tactics. 

### 1.   Posing as experts

One of the strategies used for the scam is that they pose themselves as 'experts.'

A person might contact you and claim to be an expert on Bitcoin doubling. They will try to convince you by using crypto jargon and some technical terms to sound like an authority.

They might also ask you to pay them a fee. And in turn, they claim to double your Bitcoins using his self-coded Bitcoin Doubling script or technique.

Never fall for this!

Decentralised crypto, like [Bitcoin, is almost impossible to hack](https://www.investopedia.com/articles/investing/032615/can-bitcoin-be-hacked.asp#:~:text=Bitcoin%20and%20Security&text=On%20one%20hand%2C%20bitcoin%20itself,bitcoin%20users%2C%20hacks%20are%20unlikely). So, always act vigilantly against this kind of doubler scam.

### 2.   The betting Bitcoin doubler scam

This type of Bitcoin doubler scam not only targets those desperate to increase their revenue but also the greedy gamblers.

They try to convince you to bet your Bitcoin by telling you there is more than a 50% chance of you winning the bet.

But the issue is that you always lose!

### 3.   The Multi-level-marketing scam

This type of Bitcoin doubler scam is the most dangerous as it is systematic. This strategy works like the pyramid scheme that operates through referral programs on Bitcoin doubler sites. They might promise you will get large commissions if you bring in more investors.

They may also provide fake testimonials to deceive you. That's why you should verify the site, regardless of who suggests it to you.

## Final Take

There is no way anyone can double your Bitcoins. That's why you need to be watchful about any Bitcoin doubler scams. Beware of those who pose as doubling experts and shady referral programs, and avoid Bitcoin gambling!


Bitcoin Doubler Scam: Learn to Save Yourself! 

Here are five of the best crypto experts and advisors to follow for authentic market insights! 

As a novice investor, you might find the crypto market too ruthless. The high uncertainty, along with an increasing number of scammers, further makes the market quite risky.

Entering it without proper guidance from an authority could result in significant losses.

That's why you must take advice from an established investor, carry out research on your own, and read well-researched articles on [Moni Talks](https://news.monitalks.io/). Always be aware that there are also many fake crypto gurus. If you started following one, it might backfire.

If you're looking for authentic crypto guidance, here's a list of the five best crypto advisors who will give insights on long-term market trends and day-to-day trading. Let's dive in!

## 1.   Vitalik Buterin

[Vitalik Buterin](https://twitter.com/VitalikButerin) needs no introduction. Being a crypto billionaire and co-founder of the second biggest blockchain, Ethereum, Buterin has seen crypto’s origin. He is an influencing figure in the crypto world and has tremendous knowledge about how it works.
Buterin shares his knowledge about crypto in [Bitcoin Magazine](https://bitcoinmagazine.com/). Moreover, he also shares his views on market trends and emerging technologies on Twitter, where he has over 4M followers.

## 2.   Sam Volkerings

One of the known figures in crypto to teach you the ins and outs of crypto trading is [Sam Volkerings](https://www.samvolkering.com/). He is an acclaimed crypto author, advisor, and experienced investor. You can get guidance from him through numerous newsletters, including [Exponentialinvestor.com](https://www.exponentialinvestor.com/), [CryptoInvestorExtreme](https://www.southbankresearch.com/crypto-profits-extreme/), and [RevolutionaryTrendInvestor](https://www.southbankresearch.com/revolutionary-trend-investor/).

Moreover, he also has been running a secret Sam Volkerings crypto network. There you will find his insights on the crypto market trends, small-cap projects you can invest in, and his investment strategies.

## 3.   Andreas M. Antonopoulos


[Andreas M. Antonopoulos](https://aantonop.com/) is another famous name in the crypto world. If you want to learn the basics of blockchain and cryptocurrencies, his YouTube channel is the best place to start. Having more than 300,000 subscribers, the channel provides informative content on crypto.

In addition, [Antonopoulos](https://twitter.com/aantonop) is also active on his Twitter, where he likes to commentate on daily crypto news and shares tips regarding trading. Currently, his Twitter account has over 730,000 followers.

## 4.   Michael Saylor

[Michael Saylor](https://twitter.com/saylor) is another famous personality in crypto. If you want daily updates about Bitcoin, in particular, you can follow Michael Saylor. Saylor has more than 2.4 million followers who benefit from his daily updates about Bitcoin.
Besides, he is the founder and CEO of MicroStrategy Incorporated. His first investment in Bitcoin was through this company, making it the first institutional investor.

## 5.   Roger Ver

[Roger Ver](https://twitter.com/rogerkver) is known in the crypto space as Bitcoin Jesus. He’s counted among the earliest Bitcoin investors, who started in 2011. Roger Ver is an experienced investor who has explored numerous blockchain startups. Besides Bitcoin, Ver has invested in Ripple, Purse.io, Z.cash, Kraken, and others. 
Roger Ver has more than 750,000 followers on his Twitter account. You can follow him there to get all Bitcoin-related updates and investment strategies.

## Final Thoughts

Stepping into the crypto’s stormy market without direction or guidance is not advisable. That’s why you must follow the best crypto experts and advisors to learn how it works and get market insights.


5 Best Crypto Experts and Advisors to Follow 

Best known as one of the top featured investors on Shark Tank, [Mark Cuban](https://cointelegraph.com/news/bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban) believes that a greater emphasis on blockchain applications and utility outside of finance will bring more investors back to the crypto wealth apps space and perhaps reverse the market's decline. 

With so many crypto wealth apps focused on financial technology or collectables, launching a business-focused application would be one of such events that could inject positive sentiment back to the market.

## Mark Cuban crypto view- True value in crypto will only be realised when blockchain UX and utility is achieved 

Mark Cuban  anticipates a flood of consumers if something like a "decentralised version of Quickbooks," a small company accounting management software, debuts within the crypto wealth apps market. 

Mark Cuban crypto went on to say that [Bitcoin](https://monitalks.io/news/article/how-many-bitcoins-are-left-to-mine) is still not cheap, particularly when compared to the huge market capitalisation of other DeFi ventures. 

"When you look at market caps and see a billion-dollar-plus market value of $6 billion, $8 billion, or $40 billion, you don't think, 'that's inexpensive,’ Mark Cuban crypto added. In DeFi Summer, these products were trading for less than a cent, with market values in the hundreds of millions.”

> "There's no utility"

He adds that "there's no utility" even with smaller market cap cryptos, citing the decentralised exchange (DEX) SushiSwap (SUSHI) token as a relatively inexpensive investment with a $215 million market cap. But notes: Even if compensated as a liquidity provider, who will buy it from you and why?

He believes that mergers between multiple protocols and blockchains will eventually consolidate the crypto business and crypto wealth apps, as in any sector.
Mark Cuban crypto said he would instead work with someone who says, “Let's do a roll-up”. Stating that, he'd support a merger of various blockchains and move crypto wealth apps and communities to just one whilst offering a token exchange or bridge from the closing blockchains to port users over. 

When asked which of the crypto space's sub-sectors he was most enthusiastic about, Mark Cuban stated his interest in carbon offset DeFi tokens, which he burns to offset his carbon footprint.
He also added that: 

> "All of them have promise, that's why they received all this money, and all of them have a reason why they think they're superior and will do well".

For more crypto-related news, visit [Moni Talks](https://monitalks.io/news).




Mark Cuban believes crypto apps need better utility

Are you curious about the potential of [Cryptogrind](https://crypto-grind.com/) and its workings?

Cryptogrind is an easy and secure platform, helping users to find freelance services or pay for jobs using [Bitcoin](/coins/btc).
Almost everyone knows the potential freelancing carries for us, especially in the post-Covid era. The days are long over when it was considered only a $5 job. There's even the possibility of earning in crypto while doing freelance projects.

As a freelancer, the idea of Bitcoin freelancing can be quite lucrative. But, how do you land clients ready to pay you in Bitcoin?
A relatively easy option for you to find crypto-minded employers and freelancers in one place is Cryptogrind. It is a platform where you can offer your services to earn in Bitcoin. So, if you're wondering how it works and whether it's legitimate or not, here's a thorough Cryptogrind review!

## What does Cryptogrind do?

It is a freelancing platform, just like Fiverr or Upwork, but it deals in Bitcoin only. You can join it either as an employer or a freelancer to get services or get paid in Bitcoin. Users can offer any freelance services and can find jobs for it. This crypto jobs board covers all major domains like - digital marketing, graphic designing, writing, web designing, videography, and more.

Cryptogrind is an easy-to-navigate site with an intuitive interface. You can enter its directory and post or apply for jobs according to your skills. Besides, it provides a secure path for payments through Escrow. If you are a freelancer, you can enjoy its services for free. But, as a recruiter, you might have to pay a small amount for posting each job.

## Prominent features of Cryptogrind

The platform offers various features that will help you in your freelancing journey. And if you're an employer, finding resources would be a straightforward task for you on this platform. Here why you should consider giving it a try:

1.   Expanding jobs and freelancers directory
The platform offers you an expanding directory of both jobs and freelancers. It allows employers to post as many jobs as they want in a number of domains. And freelancers can register themselves for as many services as they like.
2.   Intuitive interface
Its user interface is quite user-friendly, meaning there's no necessity to be tech-savvy to work on this platform. And if you face any technical issue or payment disputes, its 24/7 customer support can help you resolve such concerns.
3.   Payments in Bitcoin
A unique feature of this platform is that all the payments here will be in Bitcoin. You will be able to secure jobs that pay you in Bitcoin and can get services by paying in Bitcoin. 
4.   Escrow secure transactions
The platform performs the role of an escrow between the employer and the freelancer. It allows transparent transactions by ensuring freelancers render services as per the agreement. It also assures that employers pay freelancers the agreed amount for their services.
The platform also has a multi-signature feature. This feature allows it to access the Bitcoin blockchain for payments. That’s why you won’t need to manage a hot wallet to keep your money secure.   
5.   Referral bonuses
Cryptogrind provides an extra earning opportunity through its referral program. If you introduce the platform to others, you might earn a 2% commission for each individual who starts using it.

## Is Cryptogrind still operating?

Unfortunately, Cryptogrind isn’t operating currently. According to its official Twitter account, the platform is going through some maintenance. There is no information about the measures the company is taking right now. There’s no specified time for its relaunch.

The platform has been working since 2014, but in 2021, it halted all its operations. It’s the main reason that has raised many questions about its legitimacy. People have lost trust in the ecosystem. Thus, many have moved towards Cryptogrind alternatives for consistent Bitcoin freelancing.

## Final thoughts: Is Cryptogrind legit?

Cryptogrind is one of the earliest names in Bitcoin freelancing. It has been in the business since 2014 and was a popular choice for both recruiters and freelancers. It offered a variety of features that helped in promoting Bitcoin freelancing. The platform enabled freelancers to create profiles and earn Bitcoin.

But, the platform has stopped its operations since 2021 for maintenance purposes. This made some people skeptical about its legitimacy. Nevertheless, many recruiters and freelancers have benefited from this platform. The security it ensures for transactions is another reason to trust the ecosystem. That’s why if it becomes functional again, it can be an excellent platform for Bitcoin freelancing.


Cryptogrind: Bitcoin Freelancing

According to Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, Bitcoin is a commodity. In a recent interview with CNBC, he elaborated on the SEC's plans to collaborate with the Commodity Futures Trading Commission (CFTC) and banking regulators in order to oversee the crypto sector.

In an [interview](https://www.cnbc.com/video/2022/06/27/sec-chair-gary-gensler-discusses-potential-crypto-regulation-and-stablecoins.html?&qsearchterm=gary%20gensler) with Mad Money presenter Jim Cramer on CNBC on Monday, SEC Chairman Gary Gensler reiterated his views on cryptocurrencies, namely Bitcoin (BTC).

The SEC head, stated that while several crypto-financial assets like Ethereum (ETH), [Dogecoin](https://www.monitalks.io/news/article/elon-musk-dogecoin), etc. contain the essential characteristics of securities, Bitcoin is the "only one" he feels confident officially classifying as a commodity:

"Some, like Bitcoin — and that's the only one I'm going to say because I'm not going to talk about any one of these tokens, but my predecessors and others have said Bitcoin is a commodity."

## Crypto community reaction to SEC chair interview

The crypto community raised questions about the statement's influence on Grayscales' proposed Bitcoin exchange-traded fund (ETF), and the omission ETH as a commodity was questioned.

The comments sparked discussion over Grayscale's proposal to turn its Bitcoin Trust into a spot-based ETF, which is anticipated to get a yes-or-no answer from the SEC on July 6.

Even though the regulator and the Commodity Futures Trading Commission (CTFC) earlier concurred that Ethereum (ETH) was a commodity exactly like BTC, Gensler chose not to specify whether he placed ETH in the same commodities boat. This was picked up on Twitter.

The prices of digital assets like Bitcoin and Ethereum have plummeted sharply in recent weeks, though they have lately shown signs of stabilization.

Bitcoin has decreased by around 60% over the last six months, but it has increased by roughly 1% in the past week.





SEC crypto chronicles- Gary Gensler affirms BTC as commodity

The volume of internet searches for 'bitcoin scam instagram' has rocketed following incidents of accounts on the Meta platform being hacked.
[The Identity Theft Resource Centre (ITRC)](https://www.idtheftcenter.org/) reported a significant increase in victims of Instagram account takeovers linked to Bitcoin scams since October 2021.

According to ITRC findings, fraudsters construct Instagram posts regarding Bitcoin investments to entice other users. When a user clicks on the link, their money is gone, and their Instagram credentials are compromised.
The victim's Instagram account is then locked, and the account is utilised to post further links to phoney [Bitcoin](/coins/btc) investments.
This is what has sparked the rise in searches for 'bitcoin scam instagram' on Google.

You should never disclose your Instagram account passwords to anybody else. Use a strong password and two-factor authentication to secure your account. If an Instagram post appears too good to be true, it most often is.

Bitcoin Instagram scams and hacked Bitcoin Instagram accounts have been around for a long time. However, the ITRC is witnessing a considerable increase in victim queries concerning hijacked Instagram accounts. The Centre says it is now receiving four times as many reports each month than it has previously.

This heightened awareness is mirrored in the increased online interest in 'bitcoin scam instagram' searches.
According to the ITRC, fraudsters impersonate people their victims know to get personal information. Some victims are discovering that their Instagram accounts have been locked and that fraudsters are posting things in the hopes of defrauding others.

Some victims have complained that even if they did not submit their information to a scammer, they still had a hacked account or account takeover. While it appears that users are being targeted in numerous ways to get login information, their account information may also have been accessed using information from breaches, including Facebook login information, especially if the username and password were never updated.

The ITRC has also seen victims have their accounts faked using their public photos. Cybercriminals then track the victims and send them communications containing a scam or harmful link.

There are steps you can take to protect yourself:

•	Never give out your password or any other sensitive information to anybody
•	Make sure your password is difficult to guess
•	 On your account, enable two-factor authentication (2FA). Go to "Settings," "Security," and then "Two-Factor Authentication" to enable 2FA on Instagram. Tap "Get Started," then either "Authentication App" or "Text Message." Because SMS messages can be faked, the ITRC suggests using an authentication app
•	Check that the email address linked with the account is safe. It is also a good idea to use 2FA to safeguard your email
•	Third-party apps should not be downloaded through a social networking platform. Download software only from Apple, Google, and Microsoft's official app stores

You can contact the ITRC to learn more about stolen Instagram accounts and what you can do to secure the information that a fraudster may have access to.

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