Bitcoin Private to roll out beta version of the merchant platform

Bitcoin Private announced its merchant payment platform beta version on April 13 that will signify the finish of just Phase 1 of the roadmap
05 April 2018   494

The contribution team of Bitcoin Private has developed a 4-phase roadmap for the merchant payment platform roll-out. The release date of the Phase 1 is set on April 13. Phase 1 will be characterized with the following specifics: Trezor pull request is pending; signing and broadcasting transactions of a custom build of Electrum-BTCP is a success; pull request for supporting Nano S app is submitted; Electrum 1.2 protocol have started testing; a community-built iOS wallet app on Electrum protocol is ready and will be integrated into the merchant payment solution; the integrations will adhere to BIP-0070 in order ensure security of the BTCP protocol.

As of the accomplishments, hardware wallet support code is completed; significant progress is made in both Electrum frontend and backend, iOS Electrum and the development of a Copay wallets suite that also includes Chrome extension is underway.

At the moment of publication, Bitcoin Private market characteristics are as follows

Average price: $19.75

Volume (24H): $253,860

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   95

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.