Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Monero is facing a controversial, economically powered hashrate takeover attempt by Qubic, a mining pool and crypto network led by Iota co-founder Sergey Ivancheglo, Roman Storm has asked for an extra $1.5 million to fund rising legal costs in his Tornado Cash case, and Bitcoin is approaching a key resistance zone.
Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization.
As of Monday, Qubic had fallen from the top spot on the Monero (XMR) mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool looked to be openly performing a network takeover, the pool’s hashrate plummeted until it fell into its current position as the seventh-largest XMR mining pool.
