On October 23, David Schwartz, Ripple‘s Chief Technology Officer (and an XRP ledger architect), announced the departure of Nik Bougalis, Director of Engineering. The CTO further elaborated that he had recently lost his Executive Assistant.
On October 22, Bougalis tweeted, “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.”
According to Schwartz, Bougalis left the company on good terms to advance his career.
The same is true for Schwartz’s former Executive Assistant, who left the company to pursue a career as a CEO. Schwartz noted they had a good time working together and that he was sad to see her go.
The CTO also stated that he supports his former coworkers’ decision to prioritize their careers and that Ripple was not the place for them to do so. At the end of his post, he declared his intention to maintain his friendship with both people.
According to CoinMarketCap, the price of XRP has risen by 0.73 percent in the last 24 hours, from $0.4589 to $0.4608. During this time, it has also reached a high of $0.4701. Even though XRP is up on the day, it has lost over 4% in the last week despite the cryptocurrency market being in the green.
At press time, XRP’s market cap of $22,963,766,395 makes it the sixth most valuable cryptocurrency. The 24-hour trading volume for the cryptocurrency is down by 40% to $851,533,948.
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