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Bitcoin Gold [BTG] sees double-digit gain following new wallet launch, surges by 11%

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Bitcoin Gold [BTG] sees double-digit gain following new wallet launch, surges by 11%
Source: Pixabay

While the cryptocurrency market has cooled down after breaking previously set resistances, a Bitcoin hard fork has continued projecting a double-digit surge. The bulls successfully pushed Bitcoin Gold [BTG] above the highly anticipated $18-mark. The 27th largest crypto-asset on CoinMarketCap posted major gains during the crypto-rally propelled by Bitcoin [BTC], earlier this week.

At press time, the fork coin, BTG, held a market cap of $325.6 million against the US Dollar, priced at $18.70. The 24-hour trading volume recorded by the crypto-coin stood at $28.65 million, according to CoinMarketCap. It further recorded a surge of 11.27% over the past 24-hours.

The digital asset, which was spiraling below $14, recorded a three-month high after the latest surge. A significant hike of 43.48% was also noted over the week.

BTG: 1 day-chart

Source: TradingView

Approximately 26.18% of the Bitcoin Gold trade volume was registered by Bithumb via the trading pair BTG/KRW, followed by the pair BTG/BTC on Binance.

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In the otherwise silent space of this particular hard fork, the surge is being speculated to be because of the latest full-featured desktop called the Electrum G. The wallet boasts a light-weight, feature-rich, and user-friendly wallet for BTG. According to the official BTG website, Electrum G is a Simplified Payment Verification wallet that stores just the headers and not the entire blockchain.

The latest wallet is





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

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GateHub: Stolen XRP funds transferred to prominent exchanges

Namrata Shukla

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GateHub stolen XRP funds moved to Bitfinex and OKEx
Source: Pixabay

The GateHub hack that took place earlier this month resulted in the exchange losing nearly 23 million XRP worth approximately $9 million. However, Whale Alert, a tracker of large crypto transactions, alerted the community of these stolen funds being moved to various different exchanges.

One of these exchanges was identified to be Bitfinex, which received 400,025 XRP on June 16 at 10:57:22 UTC. The sender’s address was r4hyDYXv7iV3oCahxQzqYYfgxwyBx3AyMN and was identified to be from the GateHub hack 2019. The receiver’s address was identified to be Bitfinex’s- r9o9MerrS7d2GAEs6JPj4v4JcvZAJNtLUY. The hash rate of the transaction was 21124F7818A2903E9750456D603CC9AACC9DBE6CE2EF0AA191C734339B4CA682 and the transaction details were as follows:

Source: Whale Alert

Source: Whale Alert

Another transaction was noted to take place to the Bitfinex wallet address where 100,000 XRP was transferred from another identified GateHub hack address. The identified Bitfinex’s wallet address was rDcz7P9YMpffLKhRBovTzhUr3wKtk3y9q7. This wallet address was quick to transfer the funds immediately to another exchange, OKEx. OKEx previously received 3,000 XRP from the stolen funds to an identified OKEx address- rUzWJkXyEtT8ekSSxkBYPqCvHpngcy6Fks. The hash rate of the transaction was noted to be BE97F68A20E996A2E1A37228DCBD45A1F26E8E2B3A842E9FCFFF7721157C1C37 and following were the transaction details:

Source: Whale Alert

Source: Whale Alert

The stolen funds were moved to another prominent exchange, Binance, and CZ was swift to inform Whale Alert that he would look into it. However, the crypto users did not find any relief about these funds going to other exchanges as the exchanges did not respond to the large transactions.





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