Gate News Bot message, August 13, according to CoinMarketCap data, as of the time of writing, QUBIC (Qubic) is currently priced at $0.0000028, with a rise of 17.01% in the last 24 hours, reaching a high of $0.0000029 and a low of $0.0000021. The current market capitalization is approximately $344 million, an increase of $50 million from yesterday, currently ranked 217th. Qubic is an open-source blockchain platform, claimed to be the fastest blockchain verified by CertiK, with a peak TPS of 15.52 million. Qubic uses a Useful Proof of Work (UPoW) mechanism to convert mining energy into artificial intelligence computing. The platform supports fast, free transactions with instant finality. Qubic also offers a smart contract IPO model, supporting passive income and new types.

BlockBeats reported that on August 13, Yuxian, the founder of Slow Fog, commented on the 51% attack incident of Monero, stating that there are many doubts in the community about whether it is truly a 51% attack in the real sense, but there are no doubts regarding the reorganized blocks (for example, 6 blocks). The Qubic Mining Pool claims to control 51% of the Computing Power, but many community members believe it controls about 33% of the Computing Power. This debate is not easy to verify; to provide solid evidence of a 51% attack, a double spending attack test must be initiated. Previous reports indicated that the IOTA co-founder Sergey Ivancheglo's project Qubic quickly accumulated a large amount of Monero Computing Power through the "useful Proof of Work (uPoW)" mechanism, and on August 12, Qubic briefly controlled 52.72% of the Monero network's hashrate (approximately 3.01 GH/s). Once it exceeds

Gate News bot message, SlowMist founder @evilcos reports that Qubic mining pool has acquired control over the majority of Monero's hash rate. The mining pool has secured more than 51% of the network's total hash power, making it technically capable of executing a blockchain reorganization on the Mon

PANews August 12 news, Slow Fog founder Yu Xian stated that the Qubic Mining Pool has recently gathered a large amount of Computing Power through economic incentives, and is suspected to have successfully achieved a 51% Attack on the Monero network. Qubic founder Sergey Ivancheglo admitted that after controlling most of the Computing Power, they could rewrite the Blockchain, implement Double Spending, and review transactions. Although Qubic claims this move is a technical demonstration, the Monero community has expressed concerns about the network's Decentralization and security, and has called on miners to disperse their Computing Power to drop risks. It was previously reported that Monero is facing a network takeover attempt initiated by the mining pool Qubic, which has sparked strong opposition from the community.

Odaily News Ledger's Chief Technology Officer Charles Guillemet posted on X that Monero seems to be experiencing a successful 51% Attack. This privacy-focused Blockchain was born in 2014 and has long been targeted by governments and law enforcement agencies around the world, and it is now delisted from most mainstream Centralized Exchanges. The Qubic Mining Pool has been continuously accumulating Computing Power for months and now controls the majority of the network's Computing Power. A significant chain reorganization event was detected this morning, and with the current advantage, Qubic can rewrite this Blockchain at will, implement double spending, and review any transaction. Maintaining such an attack costs about $75 million daily. Although the potential profits are considerable, it would almost overnight destroy the entire network's trust foundation, and other Miners would lose the motivation to continue Mining—because Qubic can.

$QUBIC

BlockBeats news, on November 11th, AI public chain Qubic announced in a post that it has updated its Galxe event 'Qubic Starter Quest' with a total prize pool of $1000. The winning methods are as follows: 1st place: $100; 2nd to 11th place: $50 each; 12th to 51st place: $10 each

BlockBeats news, on July 25th, AI public chain Qubic announced the launch of a funding program aimed at accelerating the development of high-quality Smart Contract and solutions, thus promoting the development of the Qubic ecosystem. The Qubic funding program is an important strategic step to promote the establishment of a strong and innovative Qubic community, providing necessary resources and support to drive influential projects and promote the rise of the ecosystem. The funding program helps attract new development teams, with over $2 million in funding available over the next 12 months.