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Algorand Foundation Names Former Ripple Engineer Nikolaos Bougalis CTO

The Algorand Foundation has appointed Nikolaos Bougalis, a former engineering lead at Ripple, as its new Chief Technology Officer (CTO). Bougalis brings nearly a decade of experience from guiding the open-source XRP Ledger's development to lead Algorand's engineering initiatives and advance its 2025 technical roadmap. Key focus areas for Bougalis will include decentralization, scalability, security, and enterprise adoption, particularly appealing to institutions seeking compliant blockchain infrastructure. His appointment is part of Algorand's strategy to strengthen its presence in the U.S. market while aligning its goals with those of Algorand Technologies. The foundation emphasized the importance of Bougalis's background in distributed systems and cryptography, which is expected to enhance their capabilities in privacy and quantum resistance. Algorand, launched in 2019, aims to provide low fees and instant finality for applications related to payments, identity, supply chains, and asset tokenization, boasting millions of users and a global developer community.

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Ripple Cryptographer: XRP Ledger ‘Uniquely Positioned’ for Trillions in On-Chain Assets

Ripple engineer J. Ayo Akinyele is working to make the XRP Ledger (XRPL) the go-to choice for institutions by focusing on privacy, compliance, and trust within its protocol. He emphasizes the importance of confidentiality in finance while discussing the need for transparency in public blockchains. Akinyele advocates for ‘programmable privacy’

Bitcoin chases new highs as crypto market cap crosses $4.21T

Bitcoin has surged 14% in a week, nearing $124,000 amid a US government shutdown. Key factors include a $1.6 billion increase in on-chain buying and a significant Coinbase premium gap of $92, indicating strong US demand. Analysts are watching for resistance near $130,000, with potential price discovery

Coinbase Applies for National Trust Charter for Federal Oversight

Coinbase has applied for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), which would place the firm under federal regulatory oversight if granted. This charter will enable Coinbase to expand its existing custody services by introducing new financial offerings such as payments

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