Monero Price Climbs Post 51% Attack: Here Are Two Likely Reasons

Monero Price Climbs Post 51% Attack: Here Are Two Likely Reasons

The post Monero Price Climbs Post 51% Attack: Here Are Two Likely Reasons appeared on BitcoinEthereumNews.com. Key Insights: Monero (XMR) price jumped 5.5% even after a 51% attack scare from Qubic. Funding rate and open interest show bullish trader sentiment. Spot inflows dropped fast, showing no major panic among holders. XMR price has gone up 5.5% in just one day. The rest of the crypto market is mostly red. Bitcoin and Ethereum are down. The …

Kraken Halts Monero Deposits Amid Mining Pool Takeover

Crypto exchange Kraken has temporarily suspended deposits of Monero (XMR) after confirming that a single mining pool gained control of more than half of the network’s computing power. The move was described as a precautionary measure following growing concerns about the security of one of the largest privacy-focused cryptocurrencies. Reports indicated that Qubic, a layer-1 blockchain and mining pool specializing in artificial intelligence applic…

Monero Attack: Kraken Suspends XMR Deposits Until It Is 'Safe'

Crypto exchange Kraken has announced a temporary stoppage of Monero (XMR) token deposits on its platform. This move comes in response to the ongoing 51% attack against the Monero blockchain, an open-source protocol and privacy-focused network. For context, a 51% attack refers to a situation where a group of miners gains more than 50% of a blockchain’s mining hash rate. On Tuesday, August 12, Qubic, a project led by IOTA co-founder Sergey Ivanche…

Monero Attack: Kraken Suspends XMR Deposits Until It Is ‘Safe’

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto exchange Kraken has announced a temporary stoppage of Monero (XMR) token deposits on its platform. This move comes in response to the ongoing 51% attack against the Monero blockchain, an open-source protocol and privacy-focused network. For context, a 51% attack refers...

Kraken Suspends Deposits of Monero on its Platform

Cryptocurrency exchange Kraken has suddenly put a stop to the deposit of privacy-centric Monero (XMR) on its platform The post Kraken Suspends Deposits of Monero on its Platform appeared first on TheCoinrise.com.

Monero Network Faces 51% Attack Threat as Qubic Mining Pool Dominates Hashrate - The Blockopedia

Monero Network Faces Security Scare After Mining Pool Surge Last week, the Monero (XMR) network ran into a problem that’s… The post Monero Network Faces 51% Attack Threat as Qubic Mining Pool Dominates Hashrate appeared first on The Blockopedia.