NAFCU Joins Enterprise Ethereum Alliance

NAFCU became a part of global blockchain initiative
08 December 2017   1075

On December 07 The National Association of Federally-Insured Credit Unions (NAFCU), a U.S. trade organization, announced it has joined Enterprise Ethereum Alliance (EEA), a business-focused blockchain consortium. NAFCU is the first non-profit financial services trade association to join EEA.

NAFCU is pleased to be invited to join Enterprise Ethereum Alliance and we look forward to contributing to one of the world's leading blockchain technology initiatives. With this new partnership, NAFCU hopes to bring critical knowledge of blockchain technology to the credit union industry and create an innovative environment where NAFCU members can inform technology firms of what credit unions need most.

 

Dan Berger

President and CEO, NAFCU

EEA's members include more than 300 organizations in technology, financial services, government, healthcare, energy, pharmaceuticals, and a number of fast-growing Ethereum startups.

NAFCU's Cybersecurity and Payments Committee will also engage with EEA to discuss ways for credit unions to get directly involved with the blockchain community.

Recently, we reported that PetroBLOQ joined to Enterprise Ethereum Alliance.

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.