SBI Holdings is interested in blockchain

Japanese company is plannig to build a  "new financial ecosystem based on cryptocurrencies"
27 October 2017   1175

SBI Holdings, the financial services division of the Japanese SBI Group, announced its intention to go deeper into the world of blockchain and build a "new financial ecosystem based on cryptocurrencies". This is stated in the company's new financial report and reported by the CoinDesk.

These steps also include collaborative research with partners in order to collect "systematic knowledge" about blocking technologies.

In order to "solve problems" on cryptomarket, SBI Holdings plans not only to buy and mine cryptocurrencies directly, but also to find ways to use them, including creating investment opportunities. Future cases of using crypto currency include money transfers, trade financing and payments.

The SBI Group will endeavor to acquire cryptocurrencies, for the further development of products and services, and to secure market liquidity. This includes the mining of [bitcoin and bitcoin cash], and investments into U.S. Ripple (Ratio of 10.5%).
 

SBI statement

SBI Holdings also confirmed its intention to create a large platform for the exchange and trading of crypto-currencies, the plans for the opening of which was announced as early as 2016.

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.