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.
PayPal's stock is experiencing a significant decline following the departure of its CEO, raising concerns about the company's future.
UBS reported a 53% increase in profits last year and acquired Credit Suisse, strengthening its position in the banking sector.
UBS Group AG is developing tokenized services and crypto access for clients, as confirmed by CEO Sergio Ermotti during the Q4 earnings call.
Senate Democrats are set to hold a closed-door meeting to discuss the crypto market structure amid ongoing legislative delays.
Michael Selig, the newly appointed CFTC Chair, advocates for the CLARITY Act to establish clear regulations for the crypto market.
TMTG will soon issue a nontransferable digital token for Truth Social shareholders to engage them and leverage the cryptocurrency market.
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.