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Kraken suspended Monero deposits after detecting that a single mining pool gained majority control of the network’s hashrate. The exchange cited security concerns following what appears to be a successful 51% attack on the privacy-focused blockchain. “As a security precaution, we have paused Monero (XMR) deposits after detecting that a single mining pool has gained … Read more
Key Takeaways Kraken has halted Monero deposits after a single mining pool seized more than 50% of the network’s hash rate. XMR last traded near $257, down about 6% over the past week. Share this article Kraken has suspended Monero (XMR) deposits after detecting that a mining pool had gained control of more than half … Read more
Bitcoin’s layer 2 scaling solution, Fractal Bitcoin, significantly increased its network security by onboarding one of the largest crypto mining pools. Fractal Bitcoin (FB), a layer 2 scaling solution for the Bitcoin (BTC) network, recently secured a major win in terms of its security. On Thursday, April 24, the project managed to secure Foundry, one … Read more
Bitdeer Technologies Group reported a $531.9 million loss for the fourth quarter of 2024, a sharp increase from the $5 million loss in the same period the previous year. Bitdeer, the blockchain and fast computing-focused company released financial results for the fourth quarter and full year of 2024. The company reported a net loss of … Read more
Litecoin? What’s with all the dino-coins getting attention now? Is this some kind of a weird trend, or is it a real thing that we need to pay attention to in terms of this asset’s price? Another day is ending in Europe, and the Earth is still spinning. The crypto markets are active, as they … Read more
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