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Litecoin [LTC] doubles down on ‘Trust’ and ‘Speed;’ Moves to adopt new light blue logo

Jibin M George

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Litecoin [LTC] doubles down on 'Trust' and 'Speed;' Moves to adopt new light blue logo
Source: Pixabay

The Litecoin [LTC] community today moved to adopt its new, light blue logo in a move which it hopes, will mark a change in fortune for the embattled coin. The logo, which was first seen at UFC232 after the Litecoin Foundation’s sponsorship deal with Ultimate Fighting Championship has apparently endeared many among the Litecoin user base, many of whom want it to be more widely adopted.

The new light blue logo, designed by the Australia-based design agency, The Tokens Agency will be free to use without any restriction, in consonance with the open source nature of the Litecoin platform, the foundation announced through its Medium channel. The vocal support for the new logo may have come as a surprise for some as the logo in question was initially meant to highlight prominence against the backdrop of a grey UFC ring. Now, however, it will be pushed on multiple platforms to give a more modern, cohesive image of Litecoin.

Source: Litecoin.com

Robbie Coleman, the Founder of the Token’s Agency, the designing firm, had this to say about the project,

” Litecoin users and holders, we wanted to apply our creative agency’s skillset to LTC in some way. Designing for the decentralized coin — and all the complexity that came with it — also seemed like an awesome challenge, one few creative agency’s were taking on.”

Coleman also went on to say that the final product is a result of months of surveys and critical feedback the agency received from Litecoin’s active Reddit community. It was found that many in the community were in favor of re-branding and giving Litecoin a new image to adopt by highlighting key elements such as ‘Speed’ and ‘Trust.’

Litecoin isn’t the first cryptocurrency trying to reinvent itself with a new logo. Early this month, the Bitcoin SV logo was redesigned to better reflect Satoshi’s original vision and the root of association. In June of last year, XRP, changed its logo too in an effort to re-brand itself after the previous logo was compared to a fidget spinner.





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Jibin M George is a graduate in International Relations and Law with a growing interest in the world of cryptocurrency and blockchain technology

News

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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