Posts

Showing posts with the label price crash

Should You Worry About Chainlink's 20% Weekly Price Crash?

Image
Chainlink (LINK) has faced a substantial price crash over the last few days. LINK’s downtrend follows a market-wide pattern, with Bitcoin (BTC) falling below the $110,000 price level. According to CoinGecko data, LINK’s price has dipped by 3.1% in the last 24 hours, 20.8% in the last week, 22.7% in the 14-day charts, and 25.8% over the previous month. Source: CoinGecko Should You Be Worried About Chainlink’s Massive Price Crash? Source: Binance Academy The current market crash could be due to heightened investor worry. The market faced its most significant single-day liquidation ever earlier this month. The dip was triggered by a spat between the US and China, with both parties threatening trade blockages. The market recovered after positive developments at the negotiating table. However, investor sentiment is still low. Chainlink (LINK) and other assets continue to see big outflows. According to CoinGlass data, $717.76 million was liquidated from the crypto market in ...

This AI crypto is crashing after ignoring a reported security vulnerability

Image
Virtuals Protocol (VIRTUAL) a top performer this week, navigating the artificial intelligence (AI) crypto boom, is now crashing. The sudden bearish reversal happens as a blockchain security researcher exposed a reported security vulnerability that the Virtuals team ignored. Namely, jinu (@lj1nu) went to X between January 2 and 3 to publicly report a security vulnerability he found while “quickly looking” at the Virtuals Protocol code. The public report, however, was only necessary after jinu’s private reporting being ignored by the team in their Discord server. “They [Virtuals] seem to have been audited, but when I contacted them, the team replied that they were not running a bug bounty. And they closed the discord channel I created to report the vulnerability.” Picks for you Smart crypto trader turns $17k into $1 million in just 8 mins ...