The Latest in IT Security

Every MIT Undergrad Will Get $100 in Bitcoins Next Semester


This coming fall the Massachusetts Institute of Technology will launch the MIT Bitcoin Project, which will grant every student $100 in Bitcoins as a way to create an ecosystem for digital currencies at the school.  Two students, sophomore Jeremy Rubin and first-year MBA candidate Dan Elitzer, have raised more than $500,000 for the project from alumni and members of the Bitcoin community, the Telegraph reports. The Telegraph explains that the project would allow for the study of the digital currency in an environment where individuals assume that every other member of the community is using Bitcoin — which is currently far from the case, in general. That environment will allow MIT to become a global hub where Bitcoin-related research, ideas, and ventures are studied, discussed, and developed, per the press release.

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