by Giorgi Kostiuk
2 years ago
The first quarter of 2024 witnessed a significant financial loss of over $502 million due to 223 onchain security incidents, as per CertiK's latest "Hack3d" security report. Out of this amount, private key compromises accounted for $239 million, which was more than half of the total losses recorded during this period.
Suggestions put forth by CertiK co-founder Ronghui Gu include the adoption of multisig wallets and multiparty computation within the community to strengthen security measures.
The International Monetary Fund (IMF) has warned that the world may be on the brink of a recession due to the ongoing US-Iran war and rising oil prices, cutting its global growth forecast to 3.1%.
Kraken is facing an extortion threat from a criminal group claiming to have accessed internal systems and threatening to release client data unless demands are met.
The Ethereum derivatives market on Binance is experiencing a significant increase in open interest, indicating potential for short squeezes as traders remain skeptical despite recent price gains.
The American Bankers Association (ABA) criticizes the White House Council of Economic Advisers' (CEA) stablecoin report, highlighting risks of allowing yield on payment stablecoins and potential deposit flight from community banks.
Rakuten Group has announced the integration of Ripple's XRP as an official payment method, allowing 44 million users to utilize the cryptocurrency for purchases.
Daisy Cooper requests FCA investigation into Nigel Farage's promotion of Stack BTC and potential market abuse.
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