Co-founder of Stellar and Ripple: 90% of crypto projects are garbage, J. Sun replies! | CoinCasso Group

Co-founder of Stellar and Ripple: 90% of crypto projects are garbage, J. Sun replies!

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Jed McCaleb, the co-founder of Stellar and Ripple, called TRON a trash project, Justin Sun responds. Universities are introducing more and more courses related to cryptocurrencies. Will the Thai people vote in the election using blockchain technology? Check what happened last week in the world of crypto!

Co-founder of Stellar and Ripple: 90% of crypto projects are garbage, Justin Sun replies

Jed McCaleb, a co-founder of Stellar and Ripple and blockchain pioneer, said in an interview with Yahoo! Finance that 90% of crypto projects are garbage.

When referring to the ICO boom in 2017 he said:

“One of the nice things that comes with the market calming down—I still say it’s not a bear market—it means there’s less of that. Ninety percent of these projects are B.S. I’m looking forward to that changing. Things like Tron, it’s just garbage. But people dump tons of money into it, these things that just do not technically work.”

Justin Sun, the founder of TRON, quickly reacted to the controversial McCaleb’s words on Twitter.


Hackers want a ransom in Bitcoins

Unknown hackers took over the website of the Dublin trams’ network. They demand a ransom in Bitcoins. Earlier, a group of hackers said that if they did not get a ransom in BTC, they would release secret information related to the WTC attacks on September 11, 2001.

BitTorrent with own token

BitTorrent releases its own token named BitTorrent (BTT). Its goal is to increase the download speed and improve some torrent related functions. As Justin Sun announced when BitTorrent was bought out by Tron – BitTorrent was and will be free.

Thai people will vote in elections using blockchain technology?

Thailand is a country known for its negative attitude towards cryptocurrencies. However, Thailand’s National Electronics and Computer Technology Center (NECTEC) prepares a special system for counting and registering electoral votes. The works are quite advanced, because the program is only waiting for final tests. The system is to be tested first in local referendums, at universities or in business companies. The next step is to implement it on a national scale.

Fortnite gamers to buy accessories in Monero

Fortnite is a very popular game, it has 125 million users worldwide. The official Fortnite accessories retailer announced that he would accept payment via Monero (XMR) as an exclusive cryptocurrency.


Crimea to become a blockchain area?

The authorities of the Crimea want to create a special blockchain zone on their territory, including launching a cryptocurrency exchange, investment fund and introducing crypto regulations. It is suspected that many investors, especially from Far East, are interested in transferring their projects to this area.

40% of universities provide blockchain courses

A survey by Coinbase on education in decentralized technologies shows that 40% of leading universities offer at least one blockchain or cryptocurrency course. 25% of the students surveyed declared their interest in taking classes in this subject.

For example, one of the best-known universities in the world – Stanford University – introduced the Bitcoin Engineering course, where it teaches to create applications using bitcoin.

See you next week! Check out also our cryptocurrency news from the previous weeks.

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