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.
Coinbase's Chief Policy Officer, Faryad Shirzad, critiques the Bank Policy Institute's AML report, arguing it misrepresents illicit crypto activity as a small percentage of total on-chain volume.
The Bank Policy Institute (BPI) calls for stricter anti-money laundering (AML) regulations for cryptocurrencies in the US, highlighting their use in illicit activities and urging Congress to address legal imbalances.
Metaplanet has secured a $50 million loan to purchase Bitcoin without paying interest by issuing zero-coupon bonds.
US spot Bitcoin ETFs have recorded their best performance since the October market crash, with significant inflows indicating strong demand.
Ethereum is struggling to break above the $2,400 resistance level while maintaining gains from February.
Ethereum is consolidating around the $2,300 mark, indicating a recovery from February lows, but still facing resistance at $2,400.
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter
Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.