Finance/Funding and FOSS
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Poloniex continues to support open-source development; donates to Grin General Fund
Released in January 2019, privacy-focused cryptocurrency Grin was previously in the news for its hard fork in July 2019. The hard fork in question, focused on maximizing miner decentralization and usability.
The cryptocurrency has been solely reliant on crowdfunding and previously in March 2019, the coin received an anonymous donation of 50 BTC.
But, the aspect that makes this privacy-focused cryptocurrency stand out is its involvement with Mimblewimble. Grin is the first application on the Mimblewimble protocol, which was created to bolster the scalability and privacy of digital assets. Litecoin’s Charlie Lee has been steering the silver coin towards Mimblewimble, going on to hire a developer from Grin to explore Litecoin’s capabilities with the protocol.
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Square Crypto Hires Lightning, Libra Developers for ‘Bitcoin Dream Team’
Square Crypto, the division of the publicly traded payments company that focuses exclusively on bitcoin, just announced three new hires to work on open source projects.
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Open Source Bitcoin Payment Processor Receives a Grant From Square Crypto
Bringing cryptocurrency payments to a larger audience is no easy feat. Many companies are trying to do so, albeit to little or no avail. Square Crypto, the branch of Square, which focuses on the cryptocurrency industry, is trying to change that aspect. Their recent investment in BTCPay Server shows there may be a bright future ahead for crypto payments on a global scale.
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MyHbarWallet launches the first browser-based, open source wallet for hbars
Today, MyHbarWallet.com launched, and is excited to support the Hedera™ Hashgraph community. Out of the box, users can initiate the account creation process, load existing accounts, and create accounts on behalf of requestors.
MyHbarWallet was influenced by MyEtherWallet (MEW), the top wallet for the Ethereum blockchain. We wanted to make the experience of using Hedera familiar for those who are already active in the cryptocurrency space.
The team behind MyHbarWallet is the same core team actively contributing to the open source Hedera software development kits (SDK). MyHbarWallet was built using Vue.js.
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Tidelift and the Python Software Foundation partner to support widely used Python web development libraries
The Python Software Foundation and Tidelift today announced a partnership to support the community-driven Pallets Projects, a collection of Python web development libraries downloaded millions of times each month. Tidelift now provides recurring income to the team of developers behind these vitally important open source libraries to help ensure they are maintained to commercial standards. The collaboration also enables Pallets maintainers to deliver maintenance, security, and license assurances to Tidelift's managed open source subscription customers, ensuring the libraries work well with their applications.
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Investors’ Interest in AI, Open Source Software Remains High
DataRobot, which automates the process of creating machine learning models, announced a $206 million Series E round led by Sapphire Ventures that values the company at more than $1 billion. GitLab, which lets software developers collaborate on projects, announced a $268 million Series E round led by Goldman Sachs and Iconiq, at a $2.75 billion valuation.
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Lira, eToro’s New Open-source Programming Language
eToro, the global multi-asset investment company, has today released the details of Lira, a new open-source programming language for financial contracts. Lira is the first step in bringing the $500 trillion OTC derivatives market onto the Blockchain by introducing a new formal contract language.(
Lira is a domain-specific language that can be used to write OTC financial contracts for assets currently on the Ethereum blockchain. It is both secure and easy to programme whilst guaranteeing self-executing global settlement and automated trade reporting and monitoring. It’s easy tracking and compression will enable better collateral requirement efficiencies.
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Automattic raises $300 million at $3 billion valuation from Salesforce Ventures
Automattic, the company behind WordPress.com, WooCommerce and soon Tumblr, has closed a $300 million funding round at a $3 billion post-money valuation. The Series D round has a single investor, Salesforce Ventures.
Funding rounds are something special for Automattic . While the company has been around for nearly 15 years, it hasn’t raised a ton of money. It closed a $160 million Series C round back in 2014 and raised little money before that.
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