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.
Bitcoin shows signs of short-term rebound with increased buying momentum and liquid supply on Binance.
The Ethereum derivatives market is experiencing a significant decline as traders unwind leverage in response to macroeconomic and geopolitical pressures.
David Schwartz clarifies that valid transactions on the XRP Ledger cannot be blocked unless users agree to change the validity rules.
The UK Gambling Commission's potential move to allow cryptocurrency payments at licensed gambling venues is linked to the FCA's new oversight framework for cryptocurrencies.
The UK Gambling Commission is exploring the possibility of allowing cryptocurrency as a payment method for licensed online gambling platforms due to rising illegal gambling activities.
Jim Cramer highlights Apple's strategic advantage in the AI sector through its Google Gemini deal, despite concerns over stock performance.
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