Kraken Freezes Monero Deposits After Qubic Boasts Network Dominance

Kraken announced in a security update that the centralized crypto exchange is temporarily halting monero ( XMR XMR - $270.044 deposits. The platform explained that it had discovered that a single mining pool has captured control of more than half of the network's hashing power.

Source: news.bitcoin.com

Related symbols: XMRUSD

2025-08-17 14:42:01 GMT.

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Price & Market Data

Price: $270.044

Volume 24h: $66,020,666.29

Market Cap: $4,981,435,986.09

Description

Monero (XMR) is a cryptocurrency . Users are able to generate XMR through the process of mining. Monero has a current supply of 18,446,744.07370955. The last known price of Monero is 272.08264506 USD and is up 2.55 over the last 24 hours. It is currently trading on 326 active market(s) with $65,713,711.36 traded over the last 24 hours. More information can be found at https://www.getmonero.org/.