BITMEX PARENT COMPANY COLLABORATES WITH OKCOIN WITH $ 150,000 BITCOIN GRANT

BITMEX PARENT COMPANY COLLABORATES WITH OKCOIN WITH $ 150,000 BITCOIN GRANT

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BitMEX parent company HDR Global and OKCoin are collaborating on a joint grant of $ 150,000 for an independent bitcoin developer.

OKCoin and HDR Global (the company that owns Bitmex) have partnered to secure a joint grant of $ 150,000 to Bitcoin (BTC) Core developer Amiti Uttarwar.

This means the first time two rival exchanges have come together to jointly fund bitcoin's open source development.

February and May 2020, and OKCoin provided grants to Fabian Jahr and BTCPay server ($100,000). the two exchanges have funded separately in the past, and OKCoin provided grants to Fabian Jahr and BTCPay server ($100,000). HDR recently awarded grants to MIT DCI, Bitcoin Core Sustainer Michael Ford ($150,000) and Bitcoin developer and researcher Gleb Naumenko ($100,000).

This joint move was based on the work of the entire blockchain industry in open source development, and both exchanges identified Uttarwar's work as the basis for the progress of the Bitcoin network.

OKCoin communications director said Uttarwar was the one who put the two exchanges together after approaching both.



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