BitMEX Owner Awards $60K Grant to Bitcoin Developer Michael Ford

Bitcoin Core contributor, Michael Ford, has been awarded a $60,000 grant by the parent firm of top crypto derivatives platform BitMEX.

Bitcoin Core contributor Michael Ford, aka “fanquake,” has been awarded a $60,000 grant by the parent firm of top crypto derivatives platform BitMEX.

In an official announcement published on July 12, BitMEX owner and operator HDR Global Trading revealed its decision to award Ford the grant, noting that he has just recently been made the latest official maintainer of the Bitcoin Core software project. 

This means that the developer’s key has been added to the “trusted keys list” file on GitHub — giving him the ability to merge in changes to the Bitcoin Core codebase.

HDR Global Trading has presented its decision as a way of offering material support to those who work — usually on a voluntary basis — to further the development of cryptocurrency:

“HDR Global Trading Limited, like all other companies in the cryptocurrency space, relies heavily on the (mostly-volunteer) work of coders dedicated to the mission and ideals of Bitcoin. This work is difficult, demanding, and often thankless. We believe it is the duty of corporations to give back to the projects from which they benefit – and from which their very business model stems.”

Publication date: 
07/12/2019 - 13:19
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