BitMEX has offered Bitcoin developer Gleb Naumenko $100,000 one-year grant. The Bitcoin contributor and researcher received the award from HDR Global Trading Limited, BitMEX’ parent company, at a time Bloomberg posited that Bitcoin could touch $28,000 before the end of 2020.
The awarded grant, which subsists on the open source template grant contract, is geared towards serving as a pillar of hope and support for the development and engineering of Bitcoin, BitMEX says in a fresh update.
The grant is supporting Bitcoin’s opensource for privacy, scalability, robustness and some other areas where the core developer can reach.
Gleb Naumenko has been a Bitcoin core developer since 2017. The crypto developer focuses on scalability, privacy, security, and also has a rigid interest in Lightning Network.
The crypto developer makes contributions through proper direct changes and review of Bitcoin core, rust-lightning codes, and does a lot of Bitcoin protocol researches.
The cerebral core developer also partakes in academic researches and makes presentations on behalf of the Bitcoin community.
Gleb is behind Erlay, a relay protocol centered on bandwidth-efficient transaction by allowing a reduction in the necessities to run a full node, while also making sure that the security is heightened without any charges. He contributed a lot to making Bitcoin network strong and free from spies and attackers. BitMEX had in the past awarded a $150,000 grant to Michael Ford, another Bitcoin core developer.
Michael Ford popularly called fanquake has been in the space making contributions since 2012, and in 2019, GitHub included him in the list of the Bitcoin Core software project maintainers. In July 2019, Ford was first granted $50,000 and a $100,000 was added to it in March 2020.
Bloomberg Says Bitcoin (BTC) Will Touch $20,000
Bloomberg has inferred that there’s a chance Bitcoin go as high as $20,000 this 2020 as the crypto market witnesses turnaround after the Bitcoin halving, an event that cuts miner’s reward, but known for skyrocketing of BTC price. The Bloomberg report shows that the firm foresee Bitcoin going as far as $28,000.
Despite COVID-19, there’s still a high chance Bitcoin goes as far as $28,000, and this the company linked to how institutional investors like Greyscale greedily accumulates Bitcoin in recent time.
Bloomberg noted that one other primary reason for the price of Bitcoin to go higher is the surge in the growth of Tether (USDT) from $4 billion in 2019 to $10 billion this year. This, the firm says, is tantamount to a greater adoption of cryptocurrency.
Bloomberg believes if Bitcoin did not see the 2017 all-time high, then there’s no gainsaying that something would have really gone wrong before then. Remember in 2019, Bitcoin nearly touched $14,000.