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Projects like Tron "just trash" says Stellar, co-founder of Ripple: Jed McCaleb, co-founder of the deceased and controversial Bitcoin exchange Mt Gox, who also helped develop the cryptocurrencies Ripple and Stellar, released a revealing interview with Yahoo Finance. In an overwhelming evaluation of the digital currency scene, McCaleb said: "90% of these projects are BS, I do not see the time to change, things like Tron are just rubbish, but people are dumping tons of money into … these things that simply do not work technically. "Predictably, Tron's straightforward leader, based in China, Justin Sun, was quick to Tweet back your answer. "EDonkey, founded by @JedMcCaleb," wrote Sun. "I suppose we're doing pretty well for" trash "."
Mizuho Financial Group launches a stablecoin focused on retail: Apparently, the Japanese group Mizuho is launching a stablecoin that will be convertible into yen and will be used via mobile applications and QR codes. Nikkei reports that the cryptocurrency will be launched in March, with 60 national regional banks on board. The group intends to offer retail outlets lower rates than credit cards and the value of the stablecoin will be set at 1 yen (1 cent) per unit.
Thailand develops a blockchain voting system: While distributed register technology has already been tested in Thailand's elections, as well as in many other countries around the world, a new Thai initiative, launched by the National Electronics and Computer Technology Center (Nectec), has created a blockchain technology platform that combine with 5G mobile cellular communications to bring secure electronic voting to "national, provincial or community elections". While Nectec says that the goal is "to reduce fraud and maintain data integrity" others have said that blockchain voting platforms will destroy public trust in the elections and will be a "disaster for democracy".
The Indian police warns against the cryptocurrency: The police of Jammu and Kashmir is the last authority of the Indian government to wade the country's long saga on digital currencies. Citing the "high risk" of the investment, the police warned the public "not to make any kind of investment in crypto-currencies [or] virtual currencies like Bitcoin. "India has for many months already seen in its approach to crypto-currencies, going from being on the point of approving them through regulation and then dragging their feet and banning them indirectly.
IBM and Maersk work on the Saudi shipping project: A government platform of Saudi Arabia for cross-border trade has launched a blockchain-based customs pilot project to improve global shipping capabilities. The pilot project, jointly developed by IBM and Maersk, aims to offer "immutability, traceability, reduction of reconciliation, auditability and compliance", according to the Saudi government. The initiative, says the government, is in line with the country's strategy "which aims to facilitate trade and improve safety levels, while working to establish the kingdom as one of the world's leading logistics hubs".
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