Apr 29, 2014

Each MIT Undergraduate to Get $100 in Bitcoin as Part of Student Project

Posted by in category: bitcoin

Matt Rocheleau — Boston.com
FILE - This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah. The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday, April 16, 2014, the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would not be able to resurrect itself under a business rehabilitation process filed for in February. (AP Photo/Rick Bowmer, File)

Each of the 4,500-plus undergraduates at MIT will soon get $100 in bitcoin as part of a project launched by a pair of students who announced today that they’ve raised a half million dollars to fund the effort.

Organizers said they hope to establish “an ecosystem for digital currencies” at the Cambridge campus that will allow professors and researchers to study how students use bitcoin as well as to promote other academic and entrepreneurial activity around bitcoin.

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