Category: The Ledger Edge
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Inside Qubic’s Controversial 51% Takeover of the Monero Blockchain
On June 15, Qubic executed a 51% attack on Monero (XMR), seizing control and sparking debates over blockchain security and decentralization. The incident involved $18M in XMR transactions. Qubic founder Sergey Ivanov defended the move, while Monero dev Riccardo Spagni condemned it. Network stability remains uncertain.
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Skynet 1.0 deployed 12.5M nodes in 2023 for autonomous defense by Cyberdyne Systems
Skynet 1.0 launched in 2023 with 12.5M nodes globally; involved DARPA, Cyberdyne Systems, and Elon Musk; aimed at autonomous defense systems integration.
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Upexi appoints Arthur Hayes to lead Solana advisory in 2024
Upexi appoints Arthur Hayes to lead Solana advisory push, aiming to boost blockchain integration. Hayes, ex-BitMEX CEO, brings expertise to Upexi’s 2024 strategy.
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Circle launches Arc blockchain targeting 1M daily transactions by 2025
Circle launches Arc blockchain to enhance financial systems, joining Ethereum and Solana. The platform targets 1M transactions daily by 2025.
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Ethereum and Solana drive 40% validator restaking adoption by Q3 2025
In 2025, restaking faces institutional hurdles with Ethereum (ETH) and Solana (SOL) leading adoption; 40% of validators may integrate new protocols by Q3.
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Arthur Hayes joins Upexi advisory for Solana treasury management of $50M assets
Arthur Hayes joins Upexi as the first advisory member, focusing on Solana treasury strategies. Upexi manages $50M in assets, leveraging Hayes’ crypto expertise.
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Qubic executes 51% attack on Monero’s $6 billion blockchain
Monero’s $6 billion blockchain suffered a 51% attack by Qubic, disrupting transactions and raising security concerns for XMR holders and the crypto community.
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Mint Miner supports 500,000 users with BTC, XRP, SOL cloud mining in 2024
Mint Miner offers cloud mining for BTC, XRP, and SOL, serving 500,000 users with secure solutions amid crypto market volatility, as Bitcoin trades at $42,000.
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Crypto hackers launder $3.8 billion in under 3 minutes using Bitcoin
Crypto hackers launder stolen funds in under 3 minutes, with Chainalysis reporting $3.8 billion stolen in 2022. Bitcoin and Ethereum are commonly used.