As a seasoned researcher with a background in cryptocurrency and blockchain technology, I find Arthur Hayes’ announcement of the Bitcoin Grant Program to be both intriguing and significant. Having closely followed the developments in the crypto space over the years, I am well aware of the challenges that Bitcoin faces when it comes to scalability and privacy.
Arthur Hayes, the previous CEO of BitMEX, is initiating a new funding scheme for developers to bolster Bitcoin‘s robustness, expand its capacity, and improve its confidentiality attributes.
Arthur Hayes, the co-founder and ex-CEO of BitMEX, as well as the CIO at Maelstrom, has unveiled a fresh funding initiative aimed at aiding blockchain developers in tackling the scaling and privacy challenges confronting the Bitcoin platform.
The “Bitcoin Grant Program” sponsored by Arthur Hayes’ Maelstrom fund is anticipated to contribute to the technological advancement of Bitcoin. According to its statement, the project aims to strengthen the Bitcoin network by improving its resilience, expand its capacity for larger transactions, enhance its ability to resist censorship, and boost its privacy features.
“Bitcoin developers can count on us for assistance, and we approach our grant distribution with transparency as a top priority.”
Maelstrom
The application deadline for the program is August 25th. During a 12-month tenure, recipients will receive funding in Bitcoin (BTC), USD Coin (USDC), and Tether (USDT). Grants awarded to developers will range between $50,000 and $150,000. Maelstrom anticipates that grants will be allocated in the third or fourth quarter of 2024. Prospective candidates must undergo at least one interview with either Arthur Hayes or Jonathan Bier prior to receiving a grant.
As an analyst, I’d rephrase it this way: Just a few days ago, BitMEX admitted to breaking the Bank Secrecy Act. According to Attorney Damian Williams, we intentionally neglected to create, implement, and uphold a sufficient anti-money laundering program. Previously, Hayes, Reed, Delo, and Dwyer had also confessed to similar charges.
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2024-07-17 11:26