Ripple and XRP News
Ripple Losses One on Its Key Executives as Firm’s Director for Engineering Announces his Exit
With Nik Bougalis’ exit, Ripple loses one of its key executives.
On October 22nd, Ripple’s director of engineering, Nik Bougalis announced that he is leaving the firm in the next few weeks. In the announcement Bougalis stated that the ten years he spent with Ripple were fantastic. At Ripple, Bougalis stated that he worked on the projects that he loved and towards the goal he believed in.
“All good things…”
My decade-long journey at @Ripple has been a fantastic (if exhausting and all-consuming) one.
I got to work on a project that I love, towards a goal I believe in.
But that journey will be coming to an end in a few weeks.
— 𝙽 𝙸 𝙺 𝙱 (@nbougalis) October 21, 2022
Notably, he made it clear that following his exit from the Ripple, he is neither joining any other blockchain company or project nor he is going to work on NFTs and DeFi.
As for the impact of his exit on the firm, Bougalis said that Ripple is not an entity that depends on a single individual and after him the firm will be just fine. He cherished that at Ripple ‘talented and passionate individuals who contribute and participate, each in their own way’.
During his ten years long journey at Ripple, Bougalis mostly worked on XRP Ledger’s open-source code projects. With his years of experience in cryptography and software engineering, Bougalis oversaw and participated in many significant projects.
Most recent among them is the induction of the XLS-20 token to XRP Ledger. The project is aimed to bring NFT functionalities to the XRPL. While there were a few initial bugs that reportedly needed ironing out, the upgrade is reportedly set to go through in early November.
Interestingly, Bougalis is one of the many individuals that left their respective organisations after serving there for years.
Brian Roberts, chief financial officer at OpenSea, a NFT marketplace, announced his exit from the company on Oct 7th. Later on October 21st, Gavin Wood, Polkadot’s Co-founder, made an announcement that because his work at the Parity Technologies, an infrastructure firm, does not provide him with ‘eternal happiness, he is leaving it for the better.
XRP to Reach $1 in the Coming Weeks With Summary Judgement Forthcoming
Ripple vs. SEC: Crypto Community Anticipates Landmark Case Outcome
SEC Draws Criticism as it Responds to Ripple’s Letter of Supplemental Authority
Ripple Move 120 Million XRP Tokens Following a Recent Price Hike
Ripple Gets Support from the Former Critic Ryan Selkis, the CEO of Messari
Recent Press Release
Involving Bitcoin For Online Health And Wellness
The continuous discussion of cryptocurrency in the world of Corporate Wellness is initiated with a unit to create awareness. Before...
The Primary Challenges Limiting Bitcoin Adoption
The first step to overcoming any challenge is understanding what is at the heart of the issue. Bitcoin has been...
Why Comparing Bitcoin Prices Saves You Money?
For anyone interested in investing in cryptocurrency, surely the thought of deciding which asset to purchase must be maddeningly hard....
Makler Game. Play the game and learn trading
We want to tell you about an interesting game that has appeared on the Internet and which will not only...
Bitcoin Trading: Advice and Methods for Novices
You could be questioning how to begin trading, whether you’re entirely new to the Crypto assets field or have a...