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 US government transferred $288 million in seized Bitcoin and Ethereum to Coinbase Prime, raising market speculation about a potential selloff.
Coinbase has launched a Smart Wallet verification upgrade aimed at simplifying multichain dApp access for users.
The future of Ethereum hinges on institutional interest and market signals as traders await proof of sustained demand.
Ethereum's market is showing signs of caution as traders become more selective ahead of potential ETF launches.
Bitcoin's recovery is supported by ETF inflows and a calmer derivatives market, but requires confirmation from spot demand.
Kraken's recent update to support Arbitrum-based stablecoins marks a significant shift in the exchange's approach to Layer 2 networks, allowing for more efficient transactions and addressing high fees on Mainnet Ethereum.
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