- 100x Group announced Wednesday it had awarded a one-year grant to Jeremy Rubin, as part of its Open Source Developer Grant program.
- A Bitcoin developer since 2011, Rubin said last week he was developing a new programming language, Sapio, for a full smart contract capability on the Bitcoin protocol.
- He has also established a new research organization, Judica, that plans to develop and release new software tools for Bitcoin.
- Per the announcement, 100x said the grant would help make Judica financially sustainable and further fund research into Bitcoin's mempool – the protocol's store of pending transactions.
- Established in 2014, BitMEX's primary product is its bitcoin perpetual contract – trading volume stood at $800 million at press time, according to CoinGecko.
EDIT (July 23, 10:45 UTC): Some details of this article have been clarified after conversation with Jeremy Rubin about the nature of the grant.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.