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Litecoin [LTC] announces new Litecoin Core upgrade

Sthuthie Murthy

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Litecoin [LTC] announces new Litecoin Core upgrade
Source: Pixabay

Charlie Lee, the founder of Litecoin [LTC], tweeted some exciting news to all the LTC coin followers and traders which says:

“we have just tagged Litecoin Core 0.16rc1. Once we have tested it enough, it will be released.”

Litecoin [LTC]

It is an experimental digital currency which allows instant payments irrespective of the place, person and time. Towing a solid line as the 5th best coin in the world with a market capital of $8 billion, it is trading at $159.71 as seen at press time. OKEx, GDAX, Bitfinex, Binance, etc. are few exchanges that are currently trading this currency.

Litecoin Core

Litecoie Core is the open source software that allows the use of Litecoin [LTC] currency. It is released under the MIT license terms and is maintained by the Litecoin development team. The initial synchronization takes time and lot of space since it consists the entire Litecoin client, which in turn downloads the full blockchain.

The Litecoin core was upgraded a few hours ago by the team, but not officially released. They mentioned that the upgrade needs few more levels of thorough testing before it can be given out for use. This new version, 0.16 is supposed to have native SegWit Bech32 support as well as lower fees. It is a reference wallet and not a coin fork or an offspring which is a common misconception.

This update has been released after a short duration of the Bitcoin Core v0.16.0 upgrade.

Brad Natoshi, a Litecoin follower on Twitter says:

“We are grateful to the entire team which has worked hard for this upgrade. All of this wouldn’t even exist without you all. SatoshiLite how does it feel? This is the kind of stuff that will make a decentralized world possible, power to the people!”

Zayd Akmal suggests through his tweet:

“Could you guys just call it version 1.0? 0.16 sounds like work is not significant and it is still in early stage of a beta version.”

Graham another speculator commented:

“Long live LTC, you have done a brilliant job. Wow, it’s like the Holy Trinity — It came in three’s? Can we find pie or pizza or somewhere in the code? Good work Mr. Lee and Thank You.”





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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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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