Qubic announced it temporarily achieved a 51% attack on Monero, a privacy-focused blockchain, framing it as an experiment to bolster network security. The attack, if verified, could allow transaction manipulation, but experts like AMLBot and Horizen Labs question its success due to insufficient evidence. Qubic’s mining pool claims to have mined 63 out of 122 blocks, while critics highlight the lack of large-scale blockchain rewrites or double-spends. The incident reignites concerns about proof-of-work vulnerabilities, with Monero’s XMR dropping 6% amid the controversy. Qubic, which uses computational power for AI, argues the move was defensive, but critics warn of centralization risks and the exorbitant cost ($75M/day) of sustaining such control.
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0 in Finance and 0 in Crypto last weekEthereum Faces Inflation as Layer 2 Solutions Impact Burn Mechanisms
Ethereum is facing criticism as its market supply has turned inflationary, with nearly 20,000 ETH added since the transition to proof-of-stake. This shift is attributed to the rise of Layer 2 (L2) solutions, which are diverting activity from the base layer and undermining the network’s burn mechanisms. Critics argue that the current L2-focused scaling strategy is detrimental, with over $37 billion secured by these structures, leading to questions about their long-term value to the ecosystem.
about Ethereum Faces Inflation as Layer 2 Solutions Impact Burn MechanismsDogecoin Rallies 20 Percent as Whales Drive Market Confidence in January
Dogecoin has experienced a 20% surge over the past week, driven by significant whale activity and historical January trends, with predictions suggesting it could reach $1 and a $100 billion market cap. Recent large transfers indicate reduced selling pressure, enhancing market confidence. Analysts remain optimistic, forecasting potential price targets of $0.6533 and even $1.20, as Dogecoin’s strong market structure and January performance set the stage for further gains.
about Dogecoin Rallies 20 Percent as Whales Drive Market Confidence in JanuaryDogecoin Surges 21 Percent as Whales Buy Over 1 Billion DOGE
Dogecoin surged 21% in a week, reaching $0.38, driven by whale purchases exceeding 1 billion DOGE and increased open interest. Analysts predict it could hit $1 by 2025, supported by historical January performance and strategic moves from major players, including a new government agency linked to DOGE.
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