Monero’s privacy token rose more than 7% despite its blockchain suffering an 18-block reorg on Sunday — reversing around 117 transactions and triggering community concerns over the Monero ecosystem’s future. The security breach was committed by the team behind Qubic, a layer 1 AI-focused blockchain and mining pool that amassed 51% hashrate on Monero and…
The Monero community is exploring a potential overhaul of its proof-of-work (PoW) consensus mechanism to make the network resistant to 51% attacks. Community members suggested several proposals, including localizing mining hardware, switching to a merge mining algorithm, allowing XMR to be mined alongside Bitcoin (BTC) or other major cryptocurrencies, and adopting Dash’s ChainLocks solution. Dash’s…
The community for Qubic, the AI-focused blockchain project that executed a 51% attack on Monero this week and gained majority control of the network’s computing power, has voted to target Dogecoin (DOGE) next. Sergey Ivancheglo, the founder of the Qubic network, asked the Qubic community which application-specific integrated circuit (ASIC)-enabled, proof-of-work blockchain the group should…
A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale cryptojacking operation that defrauded two major cloud computing providers. The Department of Justice (DOJ) said on Friday that a Brooklyn federal court sentenced Charles O. Parks III, who also went by “CP3O,” to one year…
Crypto exchange Kraken has temporarily paused Monero (XMR) deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network. A 51% attack occurs when one mining pool controls more than 50% of a blockchain network’s total hashing power, giving it the ability to double-spend and reorder transactions…
The privacy-focused cryptocurrency Monero has suffered a major disruption, with 60 mined blocks discarded from its blockchain in the past 24 hours amid an ongoing attempted 51% attack by the Qubic network. The Monero Consensus Status dashboard shows Monero saw 60 orphaned blocks (valid blocks that were rejected) in the last 720 blocks. The disruption…
A mining pool behind an attempted 51% takeover of Monero is reportedly under a distributed denial-of-service (DDoS) attack, disrupting the effectiveness of its attempt. In a Sunday X post, Sergey Ivancheglo, who claims responsibility for the takeover attempt, said the Qubic mining pool he controls is under a DDoS attack. He added that the attack…
Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization. As of Monday, Qubic had fallen from the top spot on the Monero (XMR) mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool…
A British man accused of operating under the alias “IntelBroker” on cybercrime forums has been indicted for allegedly selling stolen data in a case that caused more than $25 million in damages The US Southern District of New York Attorney’s Office announced Kai West’s indictment on Wednesday. West allegedly operated on online black markets under…
Key points: Bitcoin price is stuck below $109,588, but the pullback has not altered its bullish chart structure. A bullish weekly open from Bitcoin could extend gains in HYPE, XMR, AAVE, and WLD. Bitcoin (BTC) remains stuck below the $109,588 level during a quiet weekend, but analysts remain bullish. Material Indicators co-founder Keith Alan said…