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XRP Tip Bot security upgraded; prevents attacks on unclaimed Twitter handles and loss of tips

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XRP Tip Bot security upgraded; prevents attacks on unclaimed Twitter handles and loss of tips
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The creator of XRP tipbot, Wietse Wind upgraded the security of the tip bot which would otherwise allow attackers to claim tips of unclaimed Twitter handles.

Wietse Wind tweeted:

“I just added some @xrptipbot security. On changing your Twitter handle, the TipBot offers you to migrate your balance (from your old to your new handle). However, if someone would forget to do this, an attacker could register the old handle and claim the balance. Not anymore”

The issue with the tipbot was noticed by @michahesse and informed to Wietse Wind, which was rectified by upgrading the security. After the new update, the users who change their handles have to update their donation QR codes and even the destination tags.

This will help the users to retain the tips in their accounts and make sure that attackers will not take advantage of this loophole. The security update came with a bug which was again notified by the users to the creator leading it to be fixed.

The tipbot allows users to tip XRP on Twitter and Reddit with just their handle names. The creator had said earlier that he was enamored by XRP after watching an interview of Ripple’s CTO, David Schwartz.

A Twitter user, @Vigril_Hawkin asked Wietse:

“Strictly out of curiosity. If one were to change their handle and it was then taken by another does the @xrptipbot then freeze that account as it was at the time of the change and then a “new” account is created for the person who claimed that handle?”

Wietse replied:

“Exactly. And then, when the user with the changed handle logs on with they new handle the TipBot offers a migration of the balance.”

Another user, Kryptonian_23 asked:

“Would someone be ass out if they had their Twitter account banned, and never was able to get the ban lifted?”

Wietse answered the above saying:



“That would be a problem, yes. However, most users that had this happening to them got their funds back by me manually verifying and sending them back. If they deposited from a personal account instead of an exchange, so I can verify if they have access to the account”

The tip bot has come a long way from a normal tipbot to updates that allow users to open a paper account directly on the tipbot. Prior to this, the users would have to connect their Twitter or other social media accounts to create a new account, but the update on November 20 changed that.

Wietse Wind has become an important member of the XRP community after creating tipbot. Moreover, Wind has plans to start a new software company that develops useful products like the XRPtipbot using or consumer-oriented tools that are currently needed, but absent for the XRP Ledger.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Analysis

XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to push market forward

Yash Rajan

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XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to move forward
Source: Pixabay

XRP, the third largest cryptocurrency, was priced at $0.383 agfter falling 1.87% over the 24 hours, according to CoinMarketCap. XRP held a market cap of $16.121 billion and registered $1.29 billion in 24-hour trading volume for XRP.

At press time, Stellar Lumens [XLM] was priced at $0.125, after falling 1.56% over the past 24 hours. It stood ninth on the top 10 list with a market cap of $19.302 billion and $844.41 million in 24-hour trading volume.

1-Day XRP

XRP saw an uptrend from $0.331 to $0.461 and a downtrend from $0.461 to $0.388. Resistances were at $0.458 and $0.420. Support lines were located at $0.371 and $0.285.

Source: TradingView

Source: TradingView

Parabolic SAR presented a bearish trend as the markers were above the candles.

Moving Average Convergence/Divergence [MACD] indicator was undergoing a bearish crossover.

Relative Strength Index showed a relatively overbought status for the coin.

1-Day XLM

On the one-day XLM chart, the resistance line stood at $0.143 and the support lines stood at $0.115 and $0.091. It saw an uptrend from $0.133 to $0.141. XLM also saw a downtrend from $0.142 to $0.125.

Source: TradingView

Source: TradingView

Bollinger Bands displayed an increase in volatility in the market as the bands were diverging.

Awesome Oscillator presented a bullish buying opportunity.

Chaikin Money Flow indicator was above the zero-line, indicating that money was flowing into the market.



Conclusion

XRP saw a fusion of bullish and bearish trends while XLM sides with the bulls after being stalled by bears for the past one month.





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