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Monero [XMR] surges post Fluffypony’s bullish remarks; Basic Attention Token [BAT] up by 6%

Namrata Shukla

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Ethereum [ETH] and Tron [TRX] Price Analysis: ETH undergoes price correction while TRX remains bullish
Source: Pixabay

Most major coins have attained new normalcy after the sudden pump in the cryptocurrency market earlier this week. However, Monero [XMR] and Basic Attention Token [BAT] managed to register over 5% growth in a largely stagnant market. Monero’s surge could be a result of Riccardo Spagni’s, the Co-Founder of Tari and one of the core developers of Monero, remarks on Bitcoin [BTC] and Monero [XMR].

Spagni AKA Fluffypony said that Monero would find its use-case globally in a “very large way” and that Bitcoin was “too far along” not to be a reserve currency in the future. The BAT surge was attributed to the recent updates in the ecosystem by enthusiasts.

Monero [XMR]

Source: CoinMarketCap

Source: CoinMarketCap

At press time, Monero was valued at $68.97, with a market cap of $1.16 billion. The 24-hour trading volume of XMR was noted to be $92 million, while it surged by 5.44% within the past day. It noted a seven-day growth of 28.30% and dipped by 0.40% within an hour at press time.

XMR was highly traded on Bithumb via the XMR/KRW pair and registered a volume of $106 million. The second place was taken by CHAOEX with a volume of $11 million via the XMR/USDT pair. Huobi global followed CHAOEX, as it noted a volume of $10 million via the XMR/BTC pair.

Basic Attention Token [BAT]

Source: CoinMarketCap

Source: CoinMarketCap

At press time, BAT was valued at $0.3094, with a market cap of $386 million. It registered a 24-hour trading volume of $45 million and reported a seven-day growth of 15.53%. XMR spiked by 6.34% over the past day and by a meager 0.33% within the past hour, at press time.

BAT was highly traded on ZB.COM via the BAT/USDT pair and it noted a volume of $8 million. LATOKEN took the second place with a volume of $6 million via the BAT/ETH pair. The third place was taken by IDCM via the BAT/BTC pair with a volume of $5 million.

A Redditor, ferretinjapan, commented,

“Monero has qualities that other cryptos and Fiat doesn’t have. Genuine privacy. People WILL pay big bucks if they know without a shadow of a doubt that governments are shit scared of people using it.”





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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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