Bitcoin Cash price tops $900

This Saturday, August 19th, the price of Bitcoin Cash exceeded $900
21 August 2017   2349

This Saturday, August 19th, the price of the cryptocurrency formed as a result of the Bitcoin hard fork has grown rapidly, exceeding the $900 mark.

Bitcoin Cash charts on coinmarketcap.com Bitcoin Cash charts on coinmarketcap.com

The data provided by coinmarketcap.com shows that Bitcoin Cash surge began on Saturday, and the cryptocurrency price reached $972. Bitcoin Cash Market capitalization was about $16 billion, thereby reaching the third place in the total list and ousprining Ripple.

Since being created in a fork of the Bitcoin blockchain on August 1st, prices had been for the greater part steady around $300. However, a breakout on August 17th saw enthusiastic trading – at South Korea exchanges, in particular – that took the digital asset to its previously unseen heights, CoinDesk reports. 

In the hours since, Bitcoin Cash prices have dropped somewhat and, at the time of writing, Bitcoin Cash price is $658.79.

 

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   97

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.