Cryptocurrency

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DOGE Developer Ross Nivoli Departs

00:00:58

Ross Nicoli, a core developer for the Dogecoin blockchain, has announced that he is stepping away from the project citing stress. He will also be leaving the board of directors of the Dogecoin Foundation. He said, “Primarily, the stress involved is overwhelming and I need to step back to focus on myself for a period.” Nicoli also noted something that most investors might not realize—his day job might get in the way of his work with Dogecoin. He said, “there is a further complication that my employer for my day job is moving into the blockchain space, leading to a risk of conflict of interest if I remain as a Director.” Previously, Nicoli helped reestablish the Dogecoin Foundation, with directors like Vitalik Buterin of Ethereum and Tesla ($TSLA@US) CEO, Elon Musk. Nicoli closed by saying, “I have confidence in their ability to steer Dogecoin into the next phase.” At press time, Dogecoin was trading at 13.48 cents, up more than 4% on a significant drop in volume and a slight increase in its market cap.

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