Kraken Alert: Qubic Community’s Next Target - Dogecoin After Monero 51% Attack

In a startling development within the cryptocurrency space, the Qubic community has set its sights on Dogecoin following a successful 51% attack on Monero's network. This aggressive move has sparked widespread concern about the vulnerability of proof-of-work blockchains. The community's decision came after a poll where Dogecoin garnered over 300 votes, significantly outpacing competitors like Kaspa and Zcash. Qubic's AI-driven blockchain demonstrated its capability by reorganizing six blocks on Monero, achieving majority control with a hashrate of 2.32 GH/s. As the crypto world watches closely, this event underscores the evolving challenges in blockchain security and the potential risks to established cryptocurrencies. The situation continues to develop, with many eyes now on how Dogecoin's network will respond to this looming threat.

Qubic Community Targets Dogecoin Following Monero 51% Attack

The Qubic community has voted to target Dogecoin after executing a 51% attack on Monero's network, raising concerns about the security of proof-of-work blockchains. Dogecoin received over 300 votes in the community poll, surpassing Kaspa and Zcash combined.

Qubic's AI-focused blockchain successfully reorganized six blocks on Monero, achieving majority control of its hashrate at 2.32 GH/s. The project describes these actions as "stress tests" to demonstrate its proof-of-work mining model. Kraken exchange has already suspended Monero deposits, citing potential network integrity risks.

With a market capitalization exceeding $35 billion, dogecoin now faces similar vulnerabilities due to its proof-of-work consensus mechanism. The meme cryptocurrency's community is bracing for potential disruption as Qubic prepares its next move.

Weekly Crypto Wrap: Monero 51% Attack and Bitcoin's Record High

Monero faced a severe security breach as the Qubic mining pool executed a 51% attack, temporarily controlling over half the network's hashrate. The incident triggered a six-block chain reorganization, raising alarms about double-spending risks. XMR prices tumbled 10% to $247, prompting Kraken to halt deposits. Qubic's founder defended the MOVE as a stress test, but the event underscored proof-of-work vulnerabilities.

Bitcoin reached an unprecedented $124,457 on August 14, 2025, fueled by Fed rate cut expectations and pro-crypto political tailwinds. The rally reflects growing institutional confidence in digital assets as macroeconomic hedges.