Ripple's lead engineer to exit after nearly a decade with the firm

Ripple's lead engineer to exit after nearly a decade with the firm

Nik Bougalis primarily worked on open-source code projects for the payments-focused XRP Ledger, with the recent push to introduce NFTs being a key implementation of note. Ripple Labs’ director of engineering Nik Bougalis is exiting the firm after nearly 10 years, becoming the latest of crypto's long-time serving executives to depart from the space. In an Oct. 22 tweet, Bougalis noted that: “my decade-long journey at Ripplehas 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....


Related News

xSigma Recruits Former Ripple Engineer to Join xSigma DeFi

PRESS RELEASE. ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that xSigma Corporation, a wholly owned subsidiary of the Company, has appointed Jesse Brauner as Senior Engineer. Mr. Brauner joins xSigma with nearly a decade of experience in various technical capacities in the fields of finance, trading, digital payments and....

Ripple CFO Throws In The Towel As SEC Showdown Escalates

Christina Campbell, Ripple’s Chief Financial Officer (CFO), has made a surprising exit from the cryptocurrency payments platform to assume a related role at Maven Medical Institution, a digital healthcare provider. Ripple CFO Abruptly Resigns From Company According to Campbell’s LinkedIn profile, her tenure at Ripple concluded in October after over two years with the company.  […]

Yolo Investments Firm Makes First Portfolio Exit With 5.8x ROI

PRESS RELEASE. Gaming venture capital firm Yolo Investments (formerly known as Vereeni Investments) exited its investment in Estonia-based online gaming and sports betting operator Coolbet for an impressive 5.8x return. The acquisition of Coolbet by GAN Limited marks the first start-to-exit investment in Yolo’s portfolio. General Partner and Founder of Yolo Investments Tim Heath said: “This is a very significant milestone for all of us at Yolo. It makes us especially proud to have been the early investors for Coolbet, back when we started Vereeni Investments in 2017.” The....

"Not-So-Decentralized" Ripple Freezes $1m in User Funds

The Ripple payment network is facing criticism this week over revelations about the liquidity of some of its assets. It’s come to light that Ripple gateways — the onramps and offramps of the network — have the ability to “freeze” user funds at will. Furthermore, Ripple Labs has already used its influence to convince Bitstamp, a prominent gateway and exchange, to freeze $1 million worth of funds belonging to Ripple’s departed founder Jed McCaleb. Ripple “gateways” act as trusted entry and exit points for the payment network, providing users with specialized institutions for converting....

XRP tumbles despite former Amazon exec joining Ripple as engineering lead

“Ripple’s all-star engineering team continues to grow,” Ripple CEO Brad Garlinghouse said of the firm’s new senior VP. Amid legal action from the SEC, Ripple has brought in fresh blood from Amazon to lead its engineering team.In a statement released today, Ripple CEO Brad Garlinghouse announced that former Amazon vice president of delivery experience, Devraj Varadhan, has joined Ripple as its new senior vice president of engineering. Ripple’s all-star engineering team continues to grow – thrilled to welcome Dev as our new SVP of Engineering! https://t.co/OH5ceDOX4K— Brad Garlinghouse....