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.
Aave's monthly active users surged to 155,000 in February 2023, marking an all-time high and nearly doubling over the past six months due to increased investor interest in decentralized lending protocols.
XRP price has extended its losses, trading below significant support levels and entering a bearish zone.
Bitcoin ETFs have matched gold ETFs in investor inflows in under two years, despite a significant price drop.
The Financial Services Commission (FSC) of South Korea has proposed guidelines allowing investments in the top 20 non-stablecoin cryptocurrencies, capping corporate exposure at 5% of a company's capital.
South Korean financial regulators are set to exclude US dollar-pegged stablecoins from a new framework allowing corporate investments in cryptocurrencies.
Recent data shows that Bitcoin long-term holders are largely inactive, choosing to hold their assets instead of redistributing them.
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