XMR Climbs After Qubic’s Monero Control Claim and Kraken Freeze

XMR, the token powering the privacy-focused Monero network, has emerged as today’s top gainer with a 4% rise, bucking the broader crypto market decline.   The rally comes even as Kraken, one of the world’s largest exchanges, temporarily froze deposits for the token after AI-based protocol Qubic claimed it had gained majority control of the Monero network. XMR Network Turmoil: Qubic Claims Majority Control, Kraken Responds On August 14, Qubic, an AI-driven crypto mining protocol, claimed it had gained majority control of Monero’s hashing power, an event commonly referred to as a 51% attack.   Following this, Kraken confirmed that it paused deposits for the altcoin source: https://beincrypto.com/xmr-price-climbs-despite-kraken-freeze/