Monero (XMR) Price: Token Falls to $252 After Qubic Achieves 51% Mining Dominance

TLDR Qubic, led by IOTA co-founder Sergey Ivancheglo, claims to control over 51% of Monero’s hashrate The takeover has been described as an “experiment” testing economic incentives and mining strategies XMR price has fallen 6-15% in the past 24 hours, with weekly losses exceeding 25% Qubic’s “useful proof-of-work” system converts Monero mining rewards to USDT, [...]

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