Crypto Exchange Krake has announced that the temporary Monero Stoppage (XMR) Token Deposits on its platform. This progress is responding to 51% ongoing attacks against Monero Blockchain, open source system and network focused on the privacy network.
In such a situation, 51% of an attack refers to a situation where the miners benefited from 50% of the BLOKCHAIN rates. On Tuesday, August 12, the Qanchic, Qanchego, said Ivanchego, said to control most of the Hashi Rate of Monero Blockchain.
According to the Qubic Mine Lake, 51% attack was made using a useful way of the work (UPow or UPOW). As reported to the Bitcoinist, the QUBIC group takes the benefit of the mining to XMR, converting them into USDT to buy Qubic tokens, and send them to the hot address.
Why did Kraken temporarily set up a monopo that puts it in the platform?
On August 15 Reviews on its website, Kraken announced that temporarily prevents the Monero tokens in its trading area after receiving more than half of the complete baths in BlockChain.
Cryptocurrency Exchanges said:
This focus on mining power risks the risk of network. We diligently look at the situation and we will restart the money once we decide it is safe to do so. Trading and withdrawal of XMR always works completely.
After a Qubic Claims, reports that appear with the Social Media Platform has been actually six blocks in Monero Blockchain, suggests that the party controls a large part of the hash level.
As Kraken Shiloh, it is appropriate to recognize that the QUBIC is governed by Monero’s full power baths can be very dangerous in the era separated by the Blockchain technology. As I am standing – the Qubic that is 51% of a hash rate, the network is at risk of monitoring, spending twice, and reorganization, reduces Blockchain’s integrity.
XMR Price Spevely
The XMR price reaction to 51% attack claims in Monero Blockchain is well estimated. While Altoliin lost more than 10% of its immediate value and continued 5% in the days later, Monero Callen appear to recover well.
In this regard, Monero Token is most important for $ 265, indicates that about 12% exceeded 24 hours ago. At that time, Coingechoo shows that altcoin is only 4% in the week’s time.
The price of XMR on the daily timeframe | Source: XMRUSDT chart on TradingView
Picture entered from Stock, chart from trade transaction
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