In the ever-evolving landscape of cryptocurrency, few events have stirred the community quite like the recent power play targeting Monero, a privacy-focused, decentralized cryptocurrency designed to be untraceable and anonymous. Over the past month, the network has been at the center of an unprecedented challenge — not from a sudden attack, but from a declared and deliberate campaign against it. Back in July, Qubic, an AI-focused blockchain protocol, announced its intention to seize majority control of Monero’s hash rate. It openly stated its ambition — to dominate 51% of the mining power behind one of the leading privacy coins, a…
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Sergei Potapenko and Ivan Turõgin, known as the HashFlare founders, are set to serve up to a decade in prison after confessing to wire fraud. The duo of the collapsed crypto mining platform, are pleading for leniency after the 10-year prison sentence has been announced. They insist they have already served enough prison time and should walk free. However, the case has ignited fierce debate over justice, victim losses, and the murky world of crypto scams. It is currently being held in Seattle’s Federal Court under Judge Robert Lasnik, Prosecutors during the sentencing branded HashFlare a “classic Ponzi scheme” that…