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Morning, Coinheads.
We’re dubbing it ‘Mixed Bag Monday’. Crypto was up. But it was also down. It’s complicated, I guess.
Doesn’t help that crypto scams have taken out prize position in the top financial fraud awards at the FTC. It is perhaps unsurprising then, and a tad depressing, that blockchain privacy software company Keep Network is having a spectacularly bad year on the crypto market.
Celo released its third stablecoin, Compound coin is bearish, and Coinbase hits a new low.
Dun dun!
US market close: Crypto up and down
Prominent cryptocurrencies were mixed in the US on Monday with Bitcoin up 2.13%, Ethereum up 5.09%, with Litecoin 1.46% higher. In other digital assets, Bitcoin Cash was down 2.08%, and Dogecoin was 1.18% in the green.
Crypto investors warned of social media scams
Bogus cryptocurrency investment schemes over social media platforms were the top financial fraud activity last year, the US Federal Trade Commission (FTC) reported. Social media targets scams totalled $770m (£573m), up 1,733% from $42m reported in 2017.
Keep Network price prediction: adding privacy to public blockchains
After completing its collaboration with NuCypher, Keep Networks might have been hoping for a smoother ride on the exchanges but instead the price of its token, KEEP, is down 57% this year.
Celo price prediction: Is it a buy on its recent dip?
As its coin price struggles to recover from the shock of last week’s mini crypto quake when it was already heading downwards, smartphone-focused cryptocurrency Celo has introduced its third stablecoin, this time in Brazil.
Compound coin price prediction: Will COMP recover?
Compound (COMP) token’s price action has been bearish since the start of 2022. COMP declined more than 43% from $210.27 on 1 January to $115.07 at the time of writing (31 January). This is a look at its options.
Coinbase stock price prediction: a buy amid the crypto dip?
Stock in the publicly quoted crypto exchange Coinbase Global has fallen to a new low as volatility in the crypto market upsets its revenues.
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