BitMEX operator grants $60,000 to bitcoin core developer

HDR Global Trading, owner and operator of cryptocurrency derivatives exchange BitMEX, has awarded $60,000 to a bitcoin core developer.

Announcing the news on Friday, HDR said Michael Ford (aka "fanquake" on Github) has been a bitcoin contributor since 2012 and has recently been announced as a maintainer for the bitcoin core software project.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The work of coders is “difficult, demanding, and often thankless,” said Sam Reed, CTO of HDR Global Trading and co-founder of BitMEX, adding: “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.”

Back in May, HDR also donated an undisclosed amount to the Massachusetts Institute of Technology’s digital currency initiative in support of research.

“Our donation into research and development is about ensuring that the network is more robust. A stronger Bitcoin network will be beneficial to all,” Reed said at the time.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.