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Tron Weekly Report: Highlights all level-A exchanges upgraded nodes to 3.5

Namrata Shukla

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Tron Weekly Report: Highlights all level-A exchanges upgraded nodes to 3.5
Source: Pixabay

Tron [TRX] slipped from the top 10 cryptocurrency list on CoinMarketCap owing to the bear market. However, the Tron Foundation is trying to make up for it by announcing a slew of technical developments and other activities.

According to the present weekly report of the Foundation, the team added a data backup function on the technical development front. The team also completed the sidechain architecture’s general design. The new data backup function, however, is still being tested, while work is also being done on anonymous transactions.

The developer’s community worked on TronGrid’s API unit, integration, and load testing. The report stated that the team improved write performance to tables and designed schema for normal transactions and transaction history. On the 3.5 upgrade, the MainNet version is on 3.5 and all level-A exchanges have upgraded nodes to 3.5, while 15 out of 17 level-B exchanges upgraded nodes to 3.5.

The developer’s tools like TronWeb and TRON Quickstart were improved by the addition of new features. The report also claimed to have improved infrastructure maintenance procedures.

Tron also announced its listing on the trading platform, eToro. Justin Sun, the CEO and Founder of the Tron Foundation, stated that eToro was a great platform to manage assets. He added:

“These steps will help grow the blockchain community and expand our reach around the world.”

Apart from Tron, the report also included BitTorrent Token [BTT] developments. BTT was well received by the Tron community and at press time, it was listed on 35 exchanges including Binance, OKEx and Huobi. Troncard, a crypto exchange, also announced its support for the BTT airdrop program. Apart from supporting the airdrop, BTT and TRX were also listed on AltCoinTrader.





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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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