Price BTC and crypto are falling. NB! Elon Musk and NFT scams

The US markets are now closed. We look at the live Bitcoin price and the prices of the 25 best crypto. Then we see that the villain’s association needs money. We warn against 3 crypto-scams.

Of course, we start with the live Bitcoin price and the prices of the 25 best crypto.

Live Bitcoin price and top 25 cryptocurrencies are falling again

At the time of writing, the live Bitcoin price is trading at EUR 27,700.04 ($ 29,273.16). This is 2.91% lower than last night and also 4.03% lower than during our Bitcoin lunch this afternoon. Here you can also read what this price drop can have for the BTC price.

The prices of the top 25 crypto are also falling with a few exceptions. The biggest gain today is + 1.63% for Tron (TRX). However, the prices of the top 25 crypto are falling. Today’s largest loss is -6.85% for Avlanche (AVAX). On Tradeincrypto.com’s page you can analyze all the live crypto prices 24 hours a day.

Today we see a lot of messages about successful or failed crypto scams. We list 3 examples of crypto scams that you should not have in.

Cryptofidus around Elon Musk makes you laugh

The creators of the cryptofidus called BitVex make it big. They created a website (which we deliberately did not link to) on which it appears that the site is the platform for Tesla founder and Bitcoin fanatic Elon Musk. The references from Binance CEO CZ and investor Cathie Wood should also boost confidence. To put the finishing touches on this, you also see a nice overview of user returns.

Unfortunately, it quickly becomes clear that this is a cryptofidus. Anyone who transfers their money to this ‘crypto exchange’ will be guaranteed to lose the money. It’s not fun, of course, but the crypto community still finds this scam attempt ridiculous, and it has everything to do with a now-deleted video by Elon Musk. He allegedly told a story about this fair using a deep false technique. The creeping video is now off the page, but can still be ‘admired’ via this link on YouTube.

Less fun: COTPS, a crypto scam on the way?

COTPS was a trading platform that helped people use margins in the cryptocurrency Tether (USDT) through so-called ‘margin trading’. This allowed you to earn high returns by speculating in price differences between different exchanges. The point was that you should let this party trade your money on your behalf as a so-called ‘over the counter’ trader. In the beginning, the stories were enthusiastic, and many investors stepped in.

It is not yet known what exactly went wrong, but this platform was also locked around the collapse of Terra (LUNA). Initially, there were technical errors and problems with an SMS app, but according to the organization, a hack has now taken place. They indicate that the money is probably gone, and ask for about 3 to 5 weeks of patience to resolve the matter. In this YouTube video, one of the users discusses the situation.

The website now appears to have disappeared, and review sites like Trustpilot are filled with notifications, warnings and notifications of major losses.

NFT scam notable old school via Twitter

Finally, we see a crypto scam that is so old that it was almost forgotten. If the crypto pages and platforms are highly secured, there is always another solution: crack the Twitter account of a popular crypto influencer. This weekend it was the turn of the famous NFT artist Beeple. The (as yet) unknown hacker has taken over his account for 5 hours.

He then made a lot of digital noise via a fake announcement about a collaboration with Louis Vuitton, which caused many Tweeps to visit his account. Investors lost an estimated $ 438,000 through various techniques. Calls for Beeple to compensate for the damage have fallen on deaf ears as the allegations cannot be verified according to the NFT artist. So likely to continue.

Of course, we want to protect you from such crypto scams. In this article, our colleagues from Tradeincrypto.com explain how to detect a crypto scam and prevent you from falling for it.

Investment, but not only in crypto? See our price estimate!

If you are investing or considering investing in assets other than Bitcoin / crypto, it is of course important to examine possible returns on investments in assets such as stocks, options, Forex, gold and / or oil. To help you with your own research, we have also compiled our price forecast for several popular investments this week. You can read this as usual on our sister site MANNERS.nl.

Do you want to stay informed about the latest price developments?

You can always follow the development yourself with our WANTED cryptanalyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live prices 24 hours a day if you want to stay informed in real time. Are you also interested in other investments besides crypto? Then our weekly price outlook on Monday morning could be a reading tip. †Note: We never provide financial advice, so you can not interpret our contribution that way. Always do your own research and make rational decisions about whether, when, in what and how much you want to invest. ”

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Crypto update: BTC and crypto price fall. NB! Elon Musk and NFT scams

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