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Cryptopia creates CoinInfo page for users to check their cryptocurrency status post hack

Namrata Shukla



Cryptopia creates CoinInfo page for users to check their cryptocurrency status post hack
Source: Pixabay

The New Zealand-based cryptocurrency exchange Cryptopia has been working on getting back on its feet after it was hacked twice in January. In order to maintain transparency, the exchange created a CoinInfo page to check the status of the coins.

Cryptopia provided the link of this page to users and informed them about what the chart represents,

“We are making progress on securing our wallets, you can check the status here: …
Offline means the coins have not been checked yet.
In Maintenance means coin has been secured.
The maintenance message will detail the impact the event had on that coin.”

According to information presented by the CoinInfo page, most of the top 10 cryptocurrencies have not been checked yet. This list includes tokens that have been listed on the exchange, like Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], EOS, Bitcoin Cash [BCH], and Tron [TRX]. XRP, Binance Coin [BNB], and Stellar Lumens [XLM] are not listed on the exchange. However, the listed offline tokens have ‘Active’ listing status.

Since the coins have not been checked yet, the impact that the hack had on these coins is still unknown.

Cryptopia previously informed users that they had secured 35% of the coins to new wallets. The exchange will have to secure all the coins listed in order to get full functionality. The exchange also opened the option for users to cancel orders, a move that was welcomed by users of the exchange. The exchange had posted,

“As we work towards full re-launch of the platform, we have now enabled the ability for users to cancel their standing orders. The API is still disabled, so you will need to cancel through the website.”

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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind




XRP TipBot goes online after a tiny downtime
Source: Unsplash

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.

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