The "Hack3D: The Web3 Security Report," published by CertiK, a security company, reveals that blockchain projects experienced 184 security incidents in the second quarter of 2024, resulting in losses totaling $688 million. This marks a 37% increase from the previous quarter.
The team behind Chromia, a relational blockchain for decentralized applications, has announced the mainnet launch set for July 16, 2024. Chromia employs its unique programming language, Rell, which highly resembles traditional SQL.
In the second quarter of 2024, crypto projects lost $572 million to fraud and hacks, more than doubling the $265 million in the same period last year. The two biggest victims were centralized exchanges: Japan’s DMM Bitcoin ($305 million) and Turkey’s BtcTurk ($55 million).
Worldcoin has introduced its L2 blockchain, World Chain, for a limited number of developers to test and give feedback before the mainnet launch by the end of summer 2024. Developers can also pre-deploy their applications.
Security company SlowMist has analyzed reports of stolen cryptocurrency assets for the second quarter of 2024, which were collected through the MistTrack platform. This analysis only considered hack reports submitted via the official form, identifying three primary attack methods: theft of private keys, the use of fake crypto wallets, and phishing.
CleanSpark, a mining company, is acquiring the U.S.-based infrastructure firm GRIID for $155 million. The boards of both companies have approved the deal, which now requires the nod from other shareholders and regulatory bodies. The acquisition is expected to be finalized by the third quarter of 2024.
In the first half of 2024, memecoins demonstrated the highest profitability (1834%) among all cryptocurrency sectors. Following far behind were Real World Assets (RWA) - tokenized real assets, including BlackRock products, with a growth of 213%.
These new tokens are designed to circumvent the upcoming European Markets in Crypto-Assets Regulation (MiCA), effective June 30, 2024.
