Bitcoin [BTC] Smart Contract Developer Receives $50,000 Grant from BitMEX

22 Jul, 2020 Updated 25 Jul, 2022

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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on X at @nivishoes or mail him at nivesh(at)coingape.com

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Core Developers

Currently, there are 31 grants so far from institutions like Square Crypto Inc., BitMEX, Okcoin, MIT Digital Currency Initiative and so on. The new holding company structure of BitMEX, branded 100x, was announced on 15th July which took over HDR Global Trading. The management, nonetheless, is still the same. Square Crypto Inc. is the firm founded by Jack Dorsey, Twitter founder to develop and provide en masse crypto services primarily focusing on Bitcoin.

One of the leading recipients of these grants is BTC Pay Server which is an open-source payment processor. Apart from this, Blockstream led by Adam Back is another leading firm which works on Bitcoin core development.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.