Europe is preparing for a blockchain summit

European Blockchain Summit 2018 is kicking off on April 11 with Ethereum co-founder as a special guest to discuss the state of the technology in Europe
05 April 2018   1229

Blockchain Alliance Europe in cooperation with the government of Slovenia and ConsenSys are organizing the first European Blockchain Summit 2018 on April 11 at Brdo Congress Centre venue in Slovenia. The agenda includes inspiring keynotes and panel discussions, international speakers and attendees. Joseph Lubin, co-founder of Ethereum and founder of ConsenSys is holding a speech. The topics to be discussed include the European blockchain initiatives, the blockchain and ICO regulation and the funding opportunities for European blockchain companies.

The event is for high government officials and leaders of the industry and thus is invitation only. Among notable supporters there are European Commission and The Malta Council For Science And Technology and LedgerState. The program is as follows:

  • 09:00 – 10:00 | Registration & Reception
  • 10:00 – 10:20 | Welcoming Speeches
  • 10:20 – 11:00 | Keynotes
  • 11:00 – 11:30 | Blockchain Europe Initiatives
  • 12:00 – 12:50 | Panel Discussion: Blockchain & ICO Regulation
  • 12:50 – 13:45 | Panel Discussion: Blockchain Applicability
  • 14:45 – 15:40 | Panel Discussion: EU Funding Opportunities for Blockchain
  • 15:45 – 16:00 | EU Blockchain Summit 2018 Conclusions
  • 16:00 – 18:00 | Networking Event

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.