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.
Pumpfun PUMP has seen a 71% drop in price amid high trading activity.
ZKP has introduced Proof Pods, physical devices designed to support the network by generating zero-knowledge proofs for private computing tasks.
IPO Genie is addressing a gap in traditional finance by providing access to private and pre-IPO investment opportunities.
Looking ahead, Bitwise has indicated plans for future expansion of its onchain vault to support other stablecoins and crypto assets.
The newly launched Bitwise onchain vault utilizes overcollateralization to mitigate default risk, requiring borrowers to lock crypto assets worth more than the loan value.
New Zealand is set to integrate digital currency topics into the financial education framework for students in Years 1-10, with a fully mandatory rollout planned for 2027.
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.