German Stock Exchange Launches Cryptocurrency Trading App

A subsidiary of Boerse Stuttgart brings cryptocurrency trading app to mass market, releasing BISON app in autumn 2018
14 April 2018   563

Börse Stuttgart (SWB) is a stock exchange in Germany, the second largest in the country and the ninth largest in Europe. Sowa Labs, a subsidiary of German retail investment exchange, Boerse Stuttgart, reportedly brings cryptocurrency trading app to the mass market, as it is going to release BISON app in autumn 2018.

BISON is an application which should make trading in digital currencies easy, and it will be the first cryptocurrency app in the world backed by traditional stock exchange.

With BISON, also registering and providing proof of identity is less complicated. Users can trade cryptocurrencies free of charge with the app.
 

Dr Ulli Spankowski

Managing Director, Sowa Labs

 With BISON activation for trading only takes a few minutes, there is no need for crypto wallets, and BISON does not charge any trading fees. Also it will have such feature as the Cryptoradar service, which "gives a general view of the market in and provides information on which cryptocurrencies are currently being discussed". 

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.