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.
Arthur Hayes attributes the recent Bitcoin selloff to hedging related to BlackRock's iShares Bitcoin Trust (IBIT), indicating that dealer hedging can lead to significant mechanical selling when market conditions shift.
The PASS has been introduced as a framework for Web3 creator economies, offering Utility NFTs that enable community creation and governance.
DAOBase has been launched to aggregate data from over 140,000 DAOs into a single search engine, providing insights into governance and treasury activities.
The total crypto market cap has climbed to $2.34 trillion after a 5.68% gain in the past day, despite cautious market sentiment.
The Ministry of Finance in Vietnam has proposed a new tax on cryptocurrency trades and transfers, treating them similarly to stock trades.
Vietnam's government is implementing stricter regulations and tax measures for cryptocurrency exchanges, requiring a minimum capital of VND 10 trillion and imposing a 20% corporate tax on domestic trading profits.
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