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.
Santiment reports that the memecoin sector is showing signs of capitulation, indicating a potential turning point.
The memecoin market has seen a sharp decline, with a total market capitalization drop of 34% over the past month.
Experts discuss the urgency of addressing quantum computing risks to Bitcoin's security.
Tensions are rising between significant Bitcoin holders and developers over concerns regarding quantum threats to the network, with potential shifts towards a more centralized development approach.
Mixed performance in Bitcoin Spot ETFs as some funds attract inflows while others face outflows amid market challenges.
US Bitcoin Spot ETFs experienced significant capital flight with net outflows of $35.991 million in the second week of February, reflecting cautious sentiment among institutional investors amid price struggles.
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