Circle, a U.S. company that issues USDC steiblcoin, together with Stanford University's Applied Cryptography Group, has launched open-source protocols designed to combat the theft of digital assets and erroneous trnanzations. Circle CEO Jeremy Allaire cited statistics: from 2021 to 2023, attackers managed to steal about $10 billion from blockchain projects. Millions of people suffered serious losses due to the immutable nature of digital assets and vulnerabilities in smart contracts.
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Bitcoin's price has risen to $41,000, extending gains of more than 152% since the beginning of the year. The cryptocurrency's total market capitalization rose 3% in the last 24 hours to reach levels previously seen in April 2022, The CoinDesk reported. Moreover, bitcoin has entered the top 10 largest assets/counterparties in terms of market capitalization, according to Infinite Market Cap. It left behind giants such as Berkshire Hathaway, Tesla and Visa.
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