Crypto News

Monero ( XMR), the leading privacy-focused cryptocurrency by market cap, faces an unprecedented threat as rival project Qubic prepares to attempt control of over 51% of its mining hashrate starting Aug. 2. Monero Community Faces Another Challenge Qubic founder Sergey Ivancheglo (known as CFB) has hinted at a planned 51% attack on social media thisSource link

Hemi Network co-founder Jeff Garzik has a “super long-term view” on ETH and isn’t worried about so-called Ethereum killers overtaking it.Source link

Bitcoin’s computing power crept right up to its June 13 peak of 946 exahash per second (EH/s), brushing against it with a 945 EH/s reading on Sunday morning. Race to the Top: Bitcoin Hashrate Inches Within Striking Distance of Peak As of 10 a.m. Eastern on Sunday, July 27, Bitcoin’s hashrate is cruising at 942.96Source link

Strategy (MSTR) is pulling off some form of financial alchemy: using bitcoin, historically a volatile asset, to create something that looks a lot like stability.That’s the firm’s $2 billion “Stretch” Preferred Stock (STRC) offering offers a variable 9% dividend and is designed to keep the share price hovering near $100.The offering doesn’t give investors direct bitcoin exposure, yet it's backed by the asset in spirit and structure, according to a recent NYDIG report.Strategy holds $71.7 billion in bitcoin and just $11 billion in liabilities, giving it room to deliver income even if crypto prices dip, the report notes.Historically, bitcoin has returned at least 3%–4% annually over any five-year stretch, while average returns have been significantly higher.Strategy is betting it can...

Ethereum is back on the climb, cruising past the $3,800 threshold with a 2.2% gain against the U.S. dollar in the last 24 hours. As the weekend wrapped up, ETH’s market grip edged closer to 12% of the $3.91 trillion crypto economy. Ether Ignites the Charts By 10:40 a.m. Eastern, ETH was going for $3,816Source link