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.
Concerns about the Ethereum Foundation's management have led to increased FUD, but development continues through various contributors.
Ethereum has entered a rangebound structure following a strong rally, allowing the market to absorb gains and establish new support levels.
Crypto expert Lingrid highlights a 'Kill Zone' for Ethereum, suggesting optimal entry points for traders.
Bitcoin is showing signs of weakness as bearish pressure builds below critical technical levels, with key support zones under threat.
Surge in XRP payment activity during market decline, with payments processed on the XRP Ledger increasing from below 1 million to 122 million by May 22.
The FDIC has proposed new regulations requiring Permitted Payment Stablecoin Issuers to comply with existing banking compliance standards.
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