Ripple[1] (XRP) has unveiled their University Blockchain Research Initiative (UBRI) consisting of a $50 mln donation to 17 universities globally to support education in blockchain[2] and crypto, Ripple Insights[3] reports June 4.
Ripple will also contribute technical resources and expertise as part of the initiative, allowing the universities to collaborate with Ripple on blockchain research and blockchain and crypto-based curriculum formation.
Among others, Princeton will work with the UBRI to research the policy impact of crypto and blockchain worldwide, UPenn will receive support for MBA-MS candidates for a dual-degree program that allows for work on crypto and blockchain, and the University of Luxembourg will build a blockchain research program.
Earlier this spring, Ripple also gave a donation[4] in XRP worth $29 mln to support public schools through the DonorsChoose charity fund. More recently, Ashton Kutcher donated $4 mln[5] in XRP to Ellen Degeneres’s wildlife fund as a surprise gift while taping her live show.
In May, American[6] law firm Taylor-Copeland Law filed a class action lawsuit[7] against Ripple Labs for selling unregistered securities. The lawsuit targets Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse[8]. The official complaint states:
“XRP purchasers reasonably expected to derive profits from their ownership of XRP, and Defendants themselves have frequently highlighted this profit motive [...] Given its reliance on sales of XRP, it is unsurprising that Ripple Labs aggressively markets XRP to drive demand, increase XRP’s price, and thus its own profits.”
References
- ^ Ripple (cointelegraph.com)
- ^ blockchain (cointelegraph.com)
- ^ Ripple Insights (ripple.com)
- ^ gave a donation (cointelegraph.com)
- ^ donated $4 mln
