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.
XRPL validator Vet has announced a new escrow service that could soon launch on the XRP Ledger, enhancing benefits for token holders as Ripple continues to expand its network.
Ripple-backed firm Evernorth reports an 8x growth in tokenized US Treasuries on the XRP Ledger, increasing from $50 million to $418 million in one year.
Ripple has opened a new regional headquarters in Dubai's International Financial Centre to enhance its operations in the Middle East and Africa.
Analyst Kaz warns that Bitcoin is nearing a local top and may drop below $60,000.
Political uncertainty surrounds South Korea's crypto tax legislation as the People Power Party pushes to abolish it.
The National Tax Service of South Korea has begun preparations to implement a tax on crypto income starting in 2027, following years of delays.
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