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Ripple to invest $2 million for blockchain research in University of Texas




Ripple to invest $2 million for blockchain research in University of Texas
Source: Pixabay

Ripple Labs, the American technology company whose payment protocol is Ripple [XRP], has decided to invest $2 million, over a period of five years, in blockchain technology research by funding the McCombs School of Business, one of the schools at The University of Texas, Austin. It is the oldest public schools of business in all of Texas.

Ripple had already announced, in their University Blockchain Research Initiative [UBRI] that they will be investing $50 million into academic research in the field of blockchain technology at the beginning of June, saying they will be collaborating with 17 universities across the globe to boost academic research into the industry.

Among those universities is the Massachusetts Institute of Technology [MIT], Princeton University, International Institute of Information Technology, Hyderabad [IIIT-H], and University of Luxembourg.

According to Ripple’s UBRI announcement, their aim is to fund these schools towards partnering with Ripple to:

  • Collaborate on research and technical development that will stimulate widespread understanding and innovation in the blockchain technology.
  • Create new curriculum to meet high student demand for learning about blockchain, cryptocurrency, and other FinTech topics.
  • Stimulate ideas and dialogue among students, faculty, technologists, and business leaders on topics of shared interest.

Cesare Fracassi, an Associate Professor of Finance, is reported to have said that the McCombs School of Business does not yet have a firm plan for how it will direct these funds.

Fracassi states:

“Not only the business school but other branches will be able to participate as well. For example, the medical school expressed interest in blockchain research.”

Fracassi also runs the school’s Blockchain Initiative, which started very recently in April this year when McCombs held its first blockchain conference with roughly 300 participants.

Ripple’s plans for the long-term future, having stated that research into blockchain technology by universities is crucial. They said:

“As the traditional backbone of innovation, universities uniquely offer an independence and rigor that the private sector cannot. They also are responsible for training the workforce of the future.”

Benny Suavo, on Twitter, critically remarks:

“Ripple to spend $2 million in marketing”

To which Bem Foxtrott replies:

“You misspelled education. They are investing in their future staff. You could do a hell lot better real advertising with that money.”

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A fourth year engineering student at SASTRA, working freelance at AMBCrypto. Writing and football are passions, and cryptos are an avid interest.


Has XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?




Hash XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?
Source: Unsplash

Opinion: Bitcoin, the first cryptocurrency, has had over ten years to grow. However, other altcoins did not have the liberty, due to which Bitcoin exerts its dominance over almost all altcoins in the ecosystem, be it Ethereum, XRP, or Cardano. The price of altcoins generally tends to rise if Bitcoin’s price surges rapidly. The same can be said about the downtrend as well, which is why altcoins are said to be coupled with Bitcoin.

However, the recent buzz on crypto-twitter is that XRP is on the verge of decoupling from Bitcoin. A Twitter user @XRPMOONSHINE tweeted:


In a very general sense, the comparison of the price change of XRP and BTC gives a crude understanding of whether the prices have actually decoupled or not. Hence, the daily chart attached below shows the price of BTC and XRP against the US Dollar and extends from August 2018 to April 2019. The price of XRP seems to be following a lag from the price of BTC and do not necessarily mean that it has decoupled.

However, there are timeframes where the price of XRP has moved completely unrelated to that of Bitcoin. For example, the meteoric rise of XRP from September 18 to 22 was far higher than the price pump of BTC over the similar timeframe; but the drop of XRP from November 18 to December 16 was exactly the same as that of BTC’s.

Furthermore, XRPMOONSHINE suggested that XRP price was being manipulated. He tweeted:

“It is being manipulated to keep it from rising. For example look at XRP/BTC pair. Keeping it under the down sloping resistance from .80 in September. Thats what I mean by Suppressed, Although im expecting a fairly large move to the upside before 4/24/19.”

The “idea” of the price of XRP being manipulated is not unpopular within the XRP ecosystem as Peter Brandt, a famed trader, suggested the same in one of his tweets.

Brandt tweeted:


XRP may have started to decouple from Bitcoin, but it surely hasn’t decoupled completely. The notion that XRP is being manipulated to keep its price below certain levels can also not be confirmed without proof.

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