Connecticut School Receives Substantial BTC Donation

The Holberton School in New Haven has recently received a substantial donation in cryptocurrency.

The donation was made by Nathan Pitruzzello the cofounder of software suite the Scroll Network.

The executive gave $10,000 worth of digital currency to the Connecticut school which has a two-year higher education program that aims to drive the digital transformation revolution.

The amount received will be used to help qualifying students offset living expenses.

Holberton helps students become full-stack software engineers.

The school leverages its collaborative project-based learning to mold students, who are mostly destined to work in blockchain startups, tech giants or government tech agencies.

Pitruzzello reveals that he has committed himself in helping students as a way of giving back to those that helped him when he was just starting out.

He also adds that the schools approach to providing cutting-edge software engineering training to people from different backgrounds resonates with him very well.

The school is one of the first institution to deliver academic certificates that are secured and accessible via the BTC blockchain.

New Banks and Fintech Companies Joining Ripplenet

According to news sources Ripple has recently scored 13 new partnerships with financial institutions.

This makes over 200 partnerships for Ripple worldwide.

Five of these partners will be using ripple (XRP) cryptocurrency for liquidity.

These are JNFX, Send Friend, Transpaygo, FTCS and Euro Exim Bank while the other 8 firms will not be using XRP.

There are two main product offerings of the Ripple Company, these are RippleNet and xRapid.

RippleNet allows banks to work with other participants in the network without the associated cost when using traditional channels.

This solution does not require the use of XRP.

xRapid on the other hand allows users of the network instant liquidity via XRP.

The affinity of banks towards XRP relative to any other crypto stems from the perceived notion that XRP is regulatory friendly.

This has enabled them to enter into partnerships with financial institutions that view cryptocurrencies as very risky assets due to its volatility and widely unregulated space.

The speed by which it can consummate transactions seemed to have mitigated the risk of price fluctuations when using XRP in cross-border settlements.

Russia To Stop Using U.S. Dollar In International Trade

A professor from a Russian University has recently revealed that the Government of Russia will soon begin investing heavily in Bitcoin.

According to him, this is a way of avoiding new sanctions from the United States of America .and the said move he adds could happen in just a matter of weeks.

According to Vladislav Ginko the U.S. sanctions could only be mitigated with the use of Bitcoin.

He said when that happens the Russia’s elite will be forced to dump U.S. assets and US dollars and invest in alternative investment like Bitcoin.

Russia is sitting on top of $466 billion of reserves and has to diversify in case there are limited opportunities in the future.

Bitcoin is a very appealing asset class since it does not adhere to any centralized authority and cannot be weaponized by any government to assert its own agenda.

Many countries now are exploring ways on how to reduce the U.S. Dollar dependence in the wake of new sanctions.

Russian President Vladimir Putin declared that the country has no choice but to cut down on its use of the Dollar in international trade.

If the Russian government and Elite decides to invest in Bitcoin the asset could experience a sudden increase of market prices.

Blockchain Learning Group Is Going Global And Tackling Diversification Challenges

The Blockchain Learning Group has been holding events in different high schools in Canada and Australia in their hope in educating young women about the bockchain and crypto industry and to address diversification problems in the sector.

Their main goal is to spread awareness and knowledge to the youth and possibly convince them to pursue a career in the industry.

Now the group is looking into expanding their program worldwide bringing in various leaders in the blockchain to educate and convince students to consider a career path in the sector. The group wants to give special focus on girls organizing several events in all-girls schools.

This is to address the lack of women in the ecosystem.

According to news outlets the industry has experienced a significant increase in demand for professionals who adept and trained in blockchain technology and related tech.

This demand has no sign of slowing down and in fact is expected to grow overtime.

With initiatives coming from the Blockchain Learning Group the whole blockchain and crypto ecosystem can be assured of a robust workforce well into the future.

Morgan Creek Founder Selling Lambo For Bitcoin

Jason Williams the founder of the digital asset management fund Morgan Creek Capital Management has taken on twitter to announce what he describes as something that has never done before.

He has decided to put his Lamborghini for sale to buy himself more Bitcoin.

While other cryptocurrency enthusiast are touting about buying Lambos with their profits in cryptocurrencies, he is doing the direct opposite.

Pundits are predicting that Bitcoin might have bottomed out or close to the bottom.

If this is true then selling Williams’ Lambo for Bitcoin might be a very smart move for the executive.

Some twitter users commented that Lambos are bad investment and he is better off selling it.

Some has suggested to sell the Lambo now and buy multiple Lambos later.

Looking at the historical price movements of Bitcoin, we realized that it has had major price declines multiple times.

What is important to now is that in all events Bitcoin was able to regain its values and reach new all-time-highs.

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