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 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".

For more Business & Markets news, see [here](/news/category/crypto-business-news)


Elon Musk Memes Flood Twitter

You've all heard of Elon Musk's [Starlink](https://www.starlink.com/). However, you probably haven’t heard of WMT, but you may soon become a user of the network it supports.

WMT stands for World Mobile Token, and it is how the [World Mobile Group](https://worldmobile.io/) is trying to incentivize people to become stakeholders and nodes in its platform to support a global expansion of its telecommunications infrastructure while grabbing a share in the world's $1 trillion telecom industry. The network is based on the sharing economy; as it grows, so do your returns. Currently, node operators own around 30% of the 200 million tokens already put into circulation.

## The Do-Good Telecom Challenger

The World Mobile Group was created with one purpose – to bridge the world's digital divide.

While the West spearheads research and development in technology and science, with billions pouring in investments every year, the benefits remain concentrated in these countries. This further widens the divide with developing countries for which these technologies often fall out of reach with prohibitively expensive barriers to overcome. This leaves almost half the world's population without access to the internet.

Telecommunications infrastructure continues to remain expensive such that companies in this space would rather focus on developed markets, wealthy regions, and those easy to connect, but what about developing countries? What about remote areas? World Mobile has proposed an alternative – it has developed the first mobile network built on blockchain and owned by the people. Anyone can sign up to become a node to secure the network for billions of people and earn cryptocurrency, WMT. The network currently targets regions in Africa where internet access is notoriously low and gives users often marginalised by the traditional financial industry for lack of government id, a digital id they can use to unlock DeFi solutions.

## Why would they succeed where Alphabet’s Loon balloons failed?

The Loon project never succeeded in getting costs low enough. However, the world's population still without reliable access to the internet remains a lucrative potential market that has also attracted Elon Musk's attention. He developed his own solution to this problem – Starlink. While the project proved successful in expanding internet access, recently to Ukraine as Elon confirmed on Twitter,  it still focuses on the US and Canada. 

The $500 upfront fee and monthly $99 charge make it unaffordable to the masses. World Mobile's blockchain network removes that problem, and its token brings back economic opportunities to the target group and democratises the internet and communications.

To make it even better, the network runs on renewable solar energy, and the company is committed to decarbonizing and operating sustainably. This is a giant leap forward considering the vast computing power blockchain requires to solve increasingly complex problems. It's reported that the energy exhausted to keep [Bitcoin](/coins/btc) running is roughly equal to the annual energy use of Sweden. As we transition towards a green economy, this network is perfectly positioned for growth.
 



An Elon Musk Starlink Alternative? 

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.

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


Cryptocurrency Investment: UK Plans to be Global Hub

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.

For more Business news, see [here](/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.

For more Business news, see [here](/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.

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


Latest Moni

Crypto Business News | Page 12

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

Elon Musk Memes Flood Twitter

An Elon Musk Starlink Alternative?

Cryptocurrency Investment: UK Plans to be Global Hub

eToro Fees, Crypto Exchanges, and You

Is the Revolut Card Worth Having?

Binance Twitter and THAT Emoji!

How Celsius complications contributed to the crypto bubble chart

Crypto analyst view correlates with UK parliamentary sentiment

Liquidus Crypto Price: The Next 10 Years