Category Archives: David Schwartz

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Ripple Matches Madonna’s Malawi Fundraiser Dollar for Dollar

Singer Madonna is to launch an online fundraiser with Ripple to raise funds for her Raising Malawi Foundation.

Born Madonna Louise Ciccone, the singer is better known simply as Madonna, songwriter, actress, and businesswoman. Referred to as the “Queen of Pop” since the 1980s, she has gone on to become a star of both stage and film as well as numerous pop videos.

In 2012, Madonna launched a partnership between Raising Malawi and the global nonprofit buildOn. In July 2018, she traveled to Northeast Kasungu Province to officially open the four newest primary schools. In total, Raising Malawi has built 14 schools in rural Malawi, according to her fundraising website. As a part of the partnership, Raising Malawi and buildOn have educated community members about the importance of girls’ education, and as result, all schools have gender parity.

She has timed the fundraiser to coincide with her 60th birthday and says that Ripple will match every dollar donated to her website. The program will run until the end of August. Madonna announced the fundraiser on her site:

“I want to come together with my friends, fans and supporters to change the lives of Malawian children and let them know they are nurtured, protected and loved. Through their generous commitment to this organization, Ripple will match each dollar donated to this campaign.”

Ripple CEO David Schwartz confirmed the crypto company’s fundraiser matching commitment later on Twitter.

“From July 30 through August 31, @Ripple will match all public donations in support of the cause …” https://t.co/LEkzcIaux2

— David Schwartz (@JoelKatz) July 30, 2018

Facebook is also involved in the fundraiser for Madonna’s Malawi children through its “charitable giving tools” which charges no fees with 100% going directly to the charity. On Facebook, Madonna stated:

“I have an unwavering commitment to providing vulnerable children with a loving home. For my birthday, I can think of no better gift than connecting my global family with this beautiful country and the children who need our help most. Every dollar raised will go directly to meals, schools, uniforms and healthcare.”

 

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Developers Rake in Million-Dollar Sweeteners Despite Slump

Despite slumping bitcoin prices in 2018, the cryptocurrency space has continued to see a huge development in a market lacking top-level expertise, according to an interview in the Wall Street Journal.

Ripple chief cryptographer David Schwartz pointed out that one developer on his team had recently received two USD 1 million signing bonus offers, one from a crypto startup and the other from a blockchain tech company headhunting for blockchain expertise, according to Business Insider.

According to Finder.au, 4,500 job openings with the terms “blockchain”, “bitcoin” or “cryptocurrency” in the title have been posted on LinkedIn this year, an increase up to May of this year of 151%  over 2017. This compared to 2016 when only 645 openings were posted.

The eye-watering signing bonuses for crypto and blockchain developers with just a few years of experience is unusual in any tech company, despite bonus schemes being the norm with top tech companies, according to recent TeamBlind figures. Its survey revealed that 67% of tech companies questioned received a bonus but only 11% received an amount over USD 100,000.

One of the reasons for the spike in bonuses was due to a surge in demand in December 2017, prompting exchanges to scale up their operations in order to meet customer demand, particularly as the funds were readily available to do so.

Cryptopia, a relatively small New Zealand exchange, started in 2017 with two staff members and finished with about 100, with plans to hire many more. Coinbase aims to double its headcount in 2018 with top talent, while Kraken plans to quintuple it from 200 to 1,000.

Juha Mikkola, co-founder of Wyncode Academy, a coding school, told Business Insider he knows of developers being paid double the going rate for their blockchain experience, claiming, “It’s not just tech companies that need this talent, it’s real-estate, non-profits, and banks.”

There is a shortage of talent and it’s more of a headache than Bitcoin’s volatility, according to Miha Grcar, the head of business development for Bitstamp: “Globally, the pool of talent – people with experience in blockchain and distributed-ledger technology – is somewhat limited… This is a big challenge.”

Ripple’s David Schwartz had the last word: “The hiring packages have gotten insane.”

 

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