• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: BREAKING: Terra Founder Do Kwon's Extradition To The US Approved
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Terra Founder Do Kwon's Extradition To The US Approved
BitMEX Refunds Traders After Recent DDoS Attacks

BitMEX Long on Bitcoin Development, Increases Grant to $100K

Christina Comben by Christina Comben
4 years ago
in Bitcoin Exchange, News, News teaser
0

HDR Global Trading that owns and operates BitMEX is committed to “Bitcoin development is for the long term”. Today, the company announced that it will increase its 2019 grant to Bitcoin core dev Michael Ford to $100,000.


BitMEX Ups Core Developer Grant to $100K

According to the BitMEX blog, and as tweeted out by BitMEX Research on 31 Mar 2020, the company will be increasing its grant this year to Bitcoin core developer Michael Ford (AKA fanquake).

HDR Global Trading Increases Bitcoin Developer Grant To US$100,000

HDR is delighted to announce that we have decided to provide a further, increased Bitcoin development grant to Bitcoin Core maintainer @fanquake https://t.co/ELfd0YGWbhhttps://t.co/uCUkeyNO3q

— BitMEX Research (@BitMEXResearch) March 31, 2020

HDR reviewed the 2019 grant and decided to increase it from $60K over the last 12 months to $100K over the next 12. This, the company said, reflects its continued support for Bitcoin development:

We would like to emphasise that our commitment to open source Bitcoin development is for the long term and we look many years ahead when making these funding decisions.

BitMEX research posted a study on Bitcoin funding over the weekend. It found that the biggest contributors to Bitcoin development were Blockstream and Lightning Labs. However, other companies also make the ranking including OKCoin, BitMEX, and Chaincode.

Although the funding situation could improve, in our view the data indicates that the ecosystem is in a reasonably strong situation with respect to developer funding, based on metrics such as the distribution of funders and transparency.

Providing Transparency When Funding Projects

HDR noted that in addition to the grant, the company had also posted a contract template on GitHub under the open-source MIT license. This makes the contract between the company and the developer visible to all, “to ensure a high level of transparency.”

This, HDR said, was particularly important when it comes to funding open source projects as everyone can see the details of the “no strings attached” grant for themselves.

Transparency isn’t necessarily the first word that comes to mind when people think of BitMEX. And with some growing malaise from its users, solidifying its position as a long-term Bitcoin development supporter makes for some good PR.

The company also hopes that the contract may serve as a template for other potential grantors to copy to make it easier to fund open source developers from now on.

Do you think the increased Bitcoin grant is publicity stunt? Add your thoughts below!


Images via Shutterstock, Twitter @BitMEXResearch

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Christina Comben

Christina Comben

Related Posts

AI

Europe Unveils World’s First AI Regulations – How This Intersects With The Crypto Industry

15 hours ago
Genesis

Genesis And DCG Bury The Hatchet In $620 Million Legal Showdown

2 weeks ago
Charlie Munger

Bitcoin’s Fierce Opponent Charlie Munger Breathes His Last At 99

2 weeks ago
The Demise Of Inferno Drainer: Accomplice In $70 Million Fraud Uncovered

The Demise Of Inferno Drainer: Accomplice In $70 Million Fraud Uncovered

2 weeks ago
Ripple

Ripple Sets Sights On Dominating $300 Trillion Payment Sector

2 weeks ago
Sam Altman

Bizarre Twist: Sam Altman Makes A Surprise Return To OpenAI As CEO

3 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • Three Altcoins to Hold this December? The Sandbox, Gala...

    8 hours ago
  • Shiba Inu burn rate increases, Dogecoin rises while...

    9 hours ago
  • If You Missed THORChain and Terra Classic, Here’s the...

    10 hours ago
  • 5 Must-Have Coins That Cover Crypto’s Market, from...

    16 hours ago
  • Solana (SOL) Pump Missed? Experts Indicate Retik Finance...

    19 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.