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Ripple Adds 11 More Universities to Its Blockchain Initiative Program

  • Alex Morris
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    Ripple continues taking over the campuses of the world’s most prestigious universities to spread the word about Blockchain


Ripple Adds 11 More Universities to Its Blockchain Initiative Program
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Blockchain juggernaut Ripple is further expanding its University Blockchain Research Initiative (UBRI) by onboarding 11 more universities, Forbes reports. Ripple will provide these educational institutions with funding and technical resources.   

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Accelerating Blockchain-oriented research   

With the second wave of universities joining the UBRI program, which was launched back in June 2018,   Ripple now supports 29 top-ranked universities around the globe. The aim of this program is to collaborate on technical development and create Blockchain-oriented curricula that will give students the possibility to learn more about the disruptive technology and new startups in the fintech space. In 2018, Ripple committed more than $20 mln to fund UBRI, and, according to the company’s representative Eric van Miltenburg, universities are able to deploy this money at their own discretion.


UBRI already produces great results

In less than a year, Ripple’s initiative has managed to achieve impressive results. For instance, UC Berkeley professor Laura Tyson reveals that the Haas School of Business (where she has been serving as an interim dean since July) has already awarded the first pack of UBRI-funded research grants in December. According to Tyson, the interest in Blockchain and cryptocurrencies is definitely there, and top students are creating a research network with other universities that were chosen by Ripple to foster Blockchain innovation.

UBRI

Blockchain in education

Earlier, U.Today reported that Malta, one of the world’s leading crypto hubs, is planning to launch the first Blockchain university in the world. Meanwhile, the University of Cagliari (Sardinia, Italy) started using Blockchain to tackle diploma counterfeiting.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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