Monero Suffers 51% Attack Incident as Qubic Claims Story Is Not Over, DOGE Listed as Next Target
August 27th: After the 51% attack incident on Monero, the perpetrator named Qubic stated in a post that the story is not yet over. According to a community vote conducted by Qubic this week, Dogecoin (DOGE), with a market capitalization exceeding 35 billion USD, has been identified as their next target for attack.
On August 12th, Qubic carried out a 51% attack on Monero (XMR) by using an economic incentive game and leveraging 75 million USD to disrupt 5 billion USD in reality. Through the "useful Proof-of-Work (uPoW)" mechanism, they quickly accumulated a large amount of Monero (XMR) hash rate and temporarily controlled 52.72% of the Monero network's hash rate, resulting in the reorganization of 6 blocks and the orphaning of 60 blocks. Initial reports show that within two hours, Qubic mined 80% of Monero's total blocks. For more details on the incident, please refer to "
75 Million Attacking 5 Billion Giant, What Are T
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The Hong Kong Digital Asset Listing Association was established today, with 49 institutional members becoming founding members.
On August 27th, the Hong Kong Virtual Asset Listing Association (HKVALA) held its first conference today at West Kowloon, Hong Kong. Government officials and Legislative Council members from Hong Kong attended and delivered speeches. Jing North, representing a FinTech company in the A-share market, attended and was appointed as the vice chairman unit. Kong Jianping, the founder of Nano Labs, was appointed as the honorary chairman.
The establishment of the Hong Kong Virtual Asset Listing Association is in response to the "Hong Kong Virtual Asset Development Policy Manifesto 2.0" and the effective "Stablecoin Regulations" recently released by Hong Kong. The association aims to bring together listed companies in the digital asset field, licensed financial institutions, blockchain technology providers, etc., to jointly promote industry consensus, deepen government-enterprise cooperation, and strive to build a stablecoin regulatory innovation practice hub and an institutional-level digital
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All three major U.S. stock indices turned positive, with the Dow rising 0.27%.
On August 27th, based on market data, all three major US stock indexes showed an upward trend. The Dow increased by 0.27%, the S&P 500 rose by 0.17%, and the Nasdaq gained 0.11%.
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White House Economic Advisor Pressures Fed Governor Cook, Saying He Should Recuse Himself During the Lawsuit
August 27th - Presently, Brian Hassett, who is the Director of the White House National Economic Council, declared that Lisa Cook ought to take a leave of absence during the litigation concerning her stance on the Federal Reserve Board. Hassett informed reporters, "If I were in her position, I would immediately take a leave of absence. It is the honorable course of action." Hassett expressed his conviction that the President has the entitlement to dismiss a Federal Reserve Board member like Cook, stating, "The President undoubtedly has the right to dismiss a Federal Reserve Board member on valid grounds, and I believe these allegations hold significant weight."
Yesterday, the U.S. President Trump signed a document removing the Federal Reserve Board member Cook from her post, with the effect taking place immediately. Additionally, Trump had previously openly contemplated nominating Hassett as the subsequent Chair of the Federal Reserve.
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Bitcoin Breaks $112,000, 24-hour Gain of 1.48%
On August 27th, according to HTX market data, Bitcoin exceeded $112,000, showing a 24-hour percentage change of 1.48%.
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