🪙 The price of Monero ($XMR) dumped by -17% after news about a 51% attack from Qubic

😏 The headlines spread all over the world, but as is often the case in crypto, it's not so straightforward:

Some sources claim that the 51% attack was not successful after all. And this whole story looks like a well-thought-out price manipulation. 👃

— The only source of info is the Qubic website itself, where they announced a "protection mode" and an alleged network takeover.

— Looking deeper into the details, you can see that this is an unregistered pool with a maximum hashrate of about 30%. There is no confirmation of actual control of 51% of the network.

— What everyone was freaking out about turned out to be a normal block reorganization, which causes "double" chains to appear for a couple of minutes. This has happened before, and it is not an attack.

news → panic → price dump → someone shorts early and then buys at the bottom. 🤨

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🖱 A mysterious file containing his last name was found in the game files. If this is true, the NPC may appear in the Nod-Krai region.

It seems the jokes that Pasha is actually an artificial NPC are becoming reality! ⭐️

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So, I would like to make series of posts with basic info about crypto for newbies. Hope, it will be interesting for you 👀

Let’s be honest. I’ve read hundreds of beginner articles on crypto while preparing this material, and I really tried to find the simplest explanation of what crypto is.

The best description was the first answer on Google:

Cryptocurrency is digital money that exists only on the internet and has no physical form. It uses a special technology called blockchain to ensure security and verify transactions.

Nothing extra. This is enough for a basic understanding. But you might have a very reasonable question: “Why do we even need cryptocurrency when we already have banks and other familiar and, most importantly, convenient things?”

I get it. It’s confusing. But we’ll explain it now.

To put it simply, crypto is literally an attempt to replicate traditional finance in a decentralized world.

Let me give you some simple analogies:

1️⃣ Payment systems (Visa/Mastercard) = Blockchains (Bitcoin/Ethereum/Solana)
2️⃣ Banks for storing money (Monobank) = Exchanges (Binance/BingX)
3️⃣ Banks for loans = Lending protocols

And almost all traditional financial tools have been replicated (or are being replicated) in the crypto world. But, putting aside all the other minor differences, there’s one thing in crypto that fundamentally sets it apart from regular finance.

🔖 Share and save to remember

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🇰🇷 In South Korea, tourists can now exchange crypto for cash directly at ATMs.

Korea has launched the first Digital Teller Machines (DTM) from Kaia DLT Foundation and fintech company DaWinKS. Through them, tourists exchange USDT on the Kaia network for Korean won.

🧾 Crypto-ATM have already been scattered around Seoul, and only foreigners can use them by scanning their passport for KYC verification. If you have any cash left, you can convert it back into USDT at a good rate.

The new crypto craze in Korea is really causing a stir, something new is constantly appearing. 🔥

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