BitMEX parent offers $100K grant to Bitcoin Core researcher Gleb Naumenko

Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

HDR Global Trading Limited, the operator of cryptocurrency derivatives exchange BitMEX, has awarded $100,000 to Bitcoin Core contributor and researcher Gleb Naumenko.

Naumenko told The Block that the grant would be distributed monthly over a year, so it is more like a "stable income.”

Naumenko has been working on Bitcoin Core technologies since 2017, with a primary focus on security, privacy, and scalability. He recently worked for Chaincode Labs, a research and development group for bitcoin and related technologies.

Naumenko told The Block that his recent “big” projects have been “Asmap” and “time-dilation attacks on the Lightning Network." He is planning to continue focusing on bitcoin’s security and privacy, as well as protocols on top of the bitcoin network.

Today’s offer is HDR’s second bitcoin developer grant. In March, the company provided $100,000 to Bitcoin Core maintainer Michael Ford. HDR also donated to the MIT Digital Currency Initiative in 2019 to assist the work of developers there, especially Bitcoin Core developers Wladimir van der Laan and Cory Fields.

AUTHOR

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on