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.
Poland's Finance Minister Andrzej Domanski advocates for retaining the zloty, citing superior economic performance compared to eurozone nations.
As Bitcoin approaches its maximum supply of 21 million coins expected to be mined by 2140, the future of mining revenue is under scrutiny. Miners currently earn rewards through block rewards and transaction fees, but concerns arise about sustainability once the supply limit is reached.
XRP ETFs recorded their first weekly outflow at 40.64 million during the week ending January 23, marking a significant shift after three consecutive weeks of inflows.
Ethereum ETFs experienced 611 million in outflows during the week ending January 23, primarily driven by BlackRock's ETHA fund.
The project aims to introduce an overcollateralized stablecoin and expand to Layer 2 solutions to reduce fees.
China is nearing the United States in Bitcoin holdings, potentially becoming the largest government holder.
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