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.
The ongoing conflict in the Middle East has led to significant declines in Asian stock markets, with Japan's Nikkei suffering the largest drop.
Shiba Inu (SHIB) is showing signs of resilience as the cryptocurrency market begins to recover, with expectations that it will be one of the first to bounce back.
The recent crash of Sanae Token reflects the risks of political endorsements in cryptocurrency, as seen with Argentina's President Javier Milei endorsing LIBRA.
Sanae Token's value plummeted by approximately 75% following a statement from Japan's Prime Minister Sanae Takaichi denying any connection to the token.
Morgan Stanley has filed for a national trust bank charter to launch its Digital Trust, allowing it to hold digital assets under federal supervision.
Charles Hoskinson warns that HR 3633 could hinder new crypto projects in the US by classifying them as securities.
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.