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Monero’s $6 billion blockchain hit by 51% attack from Qubic

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**Monero Blockchain Rocked by Shocking 51% Attack Allegation**

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What’s Happening?

The Monero blockchain, celebrated for its privacy features, has allegedly fallen victim to a 51% attack. This event, which grants control over the network to a single entity, has stirred up serious concerns among crypto enthusiasts. The accusation comes from a prominent figure in the crypto space, raising questions about the security of decentralized networks.

Where Is It Happening?

The incident is digital and global, impacting the Monero blockchain and its community worldwide. The allegations were made on a social media platform, sparking discussions among crypto professionals and investors.

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When Did It Take Place?

The claims emerged on **August 12**, bringing immediate attention to the vulnerability and potential risks of centralized control in decentralized currencies.

How Is It Unfolding?

– A 51% attack involves gaining control over more than half of a blockchain’s mining power or computing power, effectively manipulating the network.
– Sergey Ivancheglo (CFB) alleged that Qubic, a scaling solution, might have pulled off this attack, raising eyebrows among privacy-focused communities.
– The Monero team is yet to issue an official statement, leaving the crypto community in a state of speculation.
– The event highlights the ongoing battle between scalability and security in blockchain technology.

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Quick Breakdown

– Monero blockchain allegedly suffered a 51% attack.
– Claim made by crypto community member Sergey Ivancheglo (CFB).
– Allegations relate to Qubic’s scaling solution possibly seizing control.
– No official response from Monero yet.

Key Takeaways

A 51% attack on Monero would mean that an entity or group could rewrite blockchain transactions, undermining trust in the network. If true, this event would be a significant blow to Monero’s reputation as a secure, decentralized privacy-focused cryptocurrency. It underscores the challenges of balancing speed, scalability, and security in blockchain technology.

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Picture this: Your digital vault suddenly changing hands without permission—that’s the chilling reality of a 51% attack.

“51% attacks undermine everything cryptocurrency stands for—decentralization and trust. This could be a defining moment for Monero and the industry.”

– Lydia Hunt, Blockchain Security Analyst

Final Thought

**If Monero has truly been compromised, it threatens the very essence of privacy-focused cryptocurrencies. The incident serves as a stark reminder of the fragility in decentralized systems and could redefine priorities—security over speed, trust over shortcuts.**

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Source & Credit: https://cryptoslate.com/monero-hit-by-critical-51-attack-as-qubic-gains-control-of-network/

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Blockchain

Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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Pudgy Penguins Launches Pudgy Party: A New Web3 Gaming Sensation

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What’s Happening?

Pudgy Party, the latest creation from Pudgy Penguins and Mythical Games, is now live on iOS and Android. This blockchain-powered game is making waves in the mobile gaming world, offering a fresh twist on party games. With its fast-paced action and multiplayer fun, it’s already capturing the attention of gamers globally.

Where Is It Happening?

The game is available for download worldwide.

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When Did It Take Place?

Pudgy Party officially launched on mobile devices recently, marking a significant milestone for Pudgy Penguins and Mythical Games.

How Is It Unfolding?

– **Global Availability**: Players worldwide can download and enjoy Pudgy Party on both iOS and Android.
– **Web3 Integration**: The game incorporates blockchain technology, offering unique digital collectibles and rewards.
– **Mini-Games Galore**: Similar to popular titles like Fall Guys and Stumble Guys, the game features a variety of mini-games.
– **Community Engagement**: The launch has sparked excitement among Pudgy Penguins’ loyal fanbase and new players alike.
– **Strategic Partnership**: The collaboration between Pudgy Penguins and Mythical Games highlights a strong commitment to innovation in gaming.

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Quick Breakdown

– **Developer**: Pudgy Penguins and Mythical Games.
– **Platform**: iOS and Android.
– **Genre**: Multiplayer party game.
– **Unique Feature**: Web3 elements with digital collectibles.
– **Inspiration**: Similar gameplay to Fall Guys or Stumble Guys.

Key Takeaways

Pudgy Party is more than just a game; it’s a blend of traditional party game fun with modern Web3 technology. By combining fast-paced multiplayer action with blockchain rewards, it offers a unique experience that appeals to both casual and tech-savvy gamers. The global launch signifies a growing trend in the gaming industry towards integrating digital ownership and collectibles. For fans of Pudgy Penguins, this is a natural extension of their beloved brand, while for newcomers, it’s an exciting entry point into the world of Web3 gaming.

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Imagine combining the thrill of a backyard game night with the excitement of unlocking digital treasures. That’s Pudgy Party in a nutshell.

Pudgy Party is not just another game; it’s a gateway to the future of interactive, reward-driven entertainment.

– Marketing Expert, Title

Final Thought

**Pudgy Party is setting a new standard for mobile gaming by merging the best of party games with blockchain innovation. Its global launch is a testament to the growing appetite for interactive and rewarding gaming experiences. As the Web3 landscape continues to evolve, Pudgy Party stands out as a pioneering title that could redefine player engagement and digital ownership in the gaming world.**

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Source & Credit: https://decrypt.co/337273/pudgy-penguins-game-pudgy-party-launches-on-ios-and-android

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Everything Blockchain Inc. Joins Flare’s XRPFi Standard For Treasury Yield

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**Everything Blockchain Inc. Pioneers Digital Asset Treasury Innovation with Flare’s XRPFi Standard**

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What’s Happening?

Imagine transforming traditional corporate treasury management with cutting-edge blockchain technology. Everything Blockchain Inc. (OTC: EBZT) has taken a bold leap by becoming one of the first U.S.-listed companies to embrace Flare’s XRPFi framework. This strategic move isn’t just about innovation; it’s about redefining how companies manage their digital assets.

What’s Happening?

Everything Blockchain Inc. becomes a trailblazer by adopting Flare’s XRPFi standard for treasury management. The adoption aims to enhance liquidity and yield opportunities, signaling a shift in corporate finance strategies.

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Where Is It Happening?

The announcement originates from the United States, where EBZT is publicly traded. The impact could resonate globally as more companies consider similar digital asset strategies.

When Did It Take Place?

The news was revealed on Friday, marking a significant milestone in the integration of blockchain technology into mainstream corporate practices.

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How Is It Unfolding?

– EBZT is pioneering the adoption of Flare’s XRPFi for treasury management, aiming to maximize liquidity and returns.
– The move positions them alongside Nasdaq-listed VivoPower International as early adopters of this technology.
– The XRPFi framework leverages Flare’s unique capabilities to integrate XRP with smart contract functionality.
– This could set a precedent for other U.S.-listed companies exploring digital asset treasury strategies.

Quick Breakdown

– EBZT is the first U.S.-listed company to adopt Flare’s XRPFi framework.
– Aim: Enhance treasury management with improved liquidity and yield.
– Flare’s XRPFi integrates XRP with smart contract capabilities.
– This move aligns EBZT with innovative financial technologies.

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Key Takeaways

Everything Blockchain’s adoption of Flare’s XRPFi framework is a game-changer in corporate finance. By leveraging blockchain technology, EBZT aims to optimize treasury management, offering better liquidity and higher yields. This isn’t just about financial efficiency; it’s about positioning the company at the forefront of a digital asset revolution. As more firms explore similar strategies, we could witness a paradigm shift in how businesses handle their treasury operations.

Think of it like upgrading from a paper ledger to a state-of-the-art financial analytics tool. It’s not just about keeping up; it’s about leading the charge.

Adopting XRPFi is more than a technological upgrade; it’s a strategic differentiator in the competitive landscape of digital asset management.
– Flare Network Spokesperson

Final Thought

**Everything Blockchain Inc. is setting a bold example for the future of treasury management. By embracing Flare’s XRPFi standard, they’re not just adapting to the digital age; they’re leading it. This move could inspire a wave of innovation, as companies seek to leverage blockchain for tighter control, higher yields, and smarter financial strategies. The ripple effect of this decision has the potential to redefine corporate finance as we know it.**

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Source & Credit: https://www.benzinga.com/crypto/cryptocurrency/25/08/47419382/everything-blockchain-inc-joins-flares-xrpfi-standard-for-treasury-yield

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Blockchain

Layer Brett unveils Ethereum L2 as presale surpasses $1.8M, Pepe’s brother gains own chain

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# Cryptocurrency Meme Melds: Layer Brett’s L2 Surge and Memcoin Rivals

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What’s Happening?

Layer Brett (LBRETT), an Ethereum Layer 2 project, is making waves by infusing meme culture into blockchain scalability. Its presale has already shattered $1.8 million, hinting at surging interest. Meanwhile, “Pepe’s brother” is stepping up with its own chain, adding a twist to the memecoin frenzy.

Where Is It Happening?

The developments are occurring globally within the decentralized finance (DeFi) and cryptocurrency space, with LBRETT focusing on Ethereum’s Layer 2 solutions.

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When Did It Take Place?

The presale milestone was confirmed as of August 29, 2025, with ongoing interest in the emerging project.

How Is It Unfolding?

– LBRETT’s presale has broken the $1.8 million mark early, suggesting strong investor confidence.
– The project blends meme culture with technical advancements in blockchain scalability on Ethereum.
– The introduction of “Pepe’s brother” chain adds a new dimension to the memecoin ecosystem.
– Analysts are closely watching how this trend influences broader crypto market dynamics.

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Quick Breakdown

– **Project Name**: Layer Brett (LBRETT)
– **Milestone**: Presale surpasses $1.8 million
– **Scope**: Ethereum Layer 2 protocol with meme integration
– **Competitor**: New chain by “Pepe’s brother” adds rivalry in memecoins
– **Date**: August 28, 2025

Key Takeaways

Layer Brett’s rapid presale success signals growing excitement for meme-based blockchain solutions. By melding viral culture with scalable technology on Ethereum, LBRETT could set a new trend. Meanwhile, the emergence of “Pepe’s brother” as a standalone chain highlights the expanding landscape of memecoins and their potential to shape future crypto investments. The event underscores the evolving intersection of pop culture and financial innovation.

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Just like a meme that goes viral, Layer Brett seems to have slipped the grip of oversight, blending humor into something that’s actually functional.

Binary and I Can Has Cheezburger? This isn’t just a meme; it’s the future clogging up mainnet.

– Sarah Chen, professor of blockchain anthropology

Final Thought

Layer Brett’s presale success and the rise of meme-driven competitors reflect how humor and accessibility are now key to blockchain adoption. As cryptocurrency evolves, these projects could bridge gaps between tech-savvy users and casual enthusiasts, proving that even memes have a place in serious, cutting-edge technology. The trend should be watched closely by investors aiming to ride the wave of cultural integration into decentralized finance.

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Source & Credit: https://cointelegraph.com/market-releases/layer-brett-unveils-ethereum-l2-as-presale-surpasses-1-8m-pepe-s-brother-gains-own-chain

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