Bitrue is a crypto exchange based in Singapore. The Exchange appears to be gaining support from Ripple XRP community.
Working with the digital currency must have been a successful and interesting experience, which prompted the exchange to specially celebrate its 1st anniversary with a bounty giveaway to XRP holders having at least 100 USDT funds on its exchange.
Giveaways have not been so usual in XRP community when compared to other cryptocurrency communities such as Tron, but this must have been initiated by the mutuality between Bitrue and the XRP community.
Few hours ago, Bitrue exchange announced an occasional giveaway of a sum of 30,000 XRP to holders that possess at least 100 USDT on the exchange to celebrate a year of its existence.
According to Bitrue, the sharing of the bounty to the qualified XRP holders will be proportional to the total fund in their wallets. The bounty is said to be distributed on 23th July, 2019.
To say thanks to the #XRPcommunity in our 1st year, users with total funds >100USDT on Bitrue will get a share of 30,000XRP proportional to their total assets, with $BTR counting for 1.5x its current value! Snapshot to be taken July 20 00:00 (GMT+8), distributed July 23 #Airdrop pic.twitter.com/FBRaDK8RCg
— Bitrue (@BitrueOfficial) July 18, 2019
Recent Hackers’ Attack on Bitrue Exchange
Sometimes in June 2019, there was an attack perpetrated by cryptocurrency hackers targeted at Bitrue exchange.
The sum of $4.2 million in Ripple XRP and Cardano (ADA) were reportedly stolen from the exchange. The exchange then assured that no users will be at loss, as it promised proper refunding.
The sum of 9.3 million XRP worth $4.01 million and 2.5 million ADA, worth $231,800 at the time of the incident were carted away.
This probably prompted Bitrue’s decision to specially celebrate its first anniversary with the teeming XRP community members on its database.
Ripple XRP and Other Cryptocurrencies in the Market
The market is gaining already in the crypto market, after a devastating price fall led by Bitcoin (BTC), which affected almost all the cryptocurrencies in the market.
Cryptocurrencies have generally been criticized lately around the world, especially the scrutiny which Bitcoin and the upcoming Facebook’s version of digital asset, Libra specifically faced in United States Congress.
This was attributed to the great fall of price that saw Bitcoin losing its ground by plunging endlessly below. Ripple XRP didn’t escape the critics’ hammer as its price plunged below with other digital assets in its chain.
The price plunging situation persisted until there was a bit of twist among US Congressmen. A senator named Patrick McHenry stood his ground to defend the vision of the anonymous creator of Bitcoin, Satoshi Nakamoto.
He stated that it was envisioned by Satoshi and others are building it. McHenry clearly pointed that the world is actually going digital, and it would be impossible to deactivate the innovation. After this much needed scenario, the market started regaining its losses.
At the time of filing this report, Ripple XRP price has been up by about 7% in the last 24 hours, likewise Bitcoin (BTC) and the rest of other major cryptocurrencies.