Tag Archives: Monero

Key Takeaways Monero saw a 51% attack on total hashing power, impacting its integrity. XMR jumped by gains during this period, but the attack raised a threat of price decline. Monero [XMR] rose by $11 in 24 hours as per data from CoinMarketCap, clinching the third position among top gainers. Price climbed from $256 to $266 at the time of …

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 on the ledger. The Kraken …