US Government Funds $3 Million Cryptocurrency Research Initiative
Three American universities are set to conduct wide-ranging research on cryptocurrencies using roughly $3m in grant funding from the National Science Foundation, a US government agency that supports and funds scientific research. Cornell, the University of Maryland and the University of California Berkeley will focus on developing new cryptocurrency systems that, according to principal investigator Elaine Shi, will address "pain points" attributed to bitcoin and other existing networks. The Initiative for Cryptocurrency and Contracts (IC3) will also involve Cornell researcher Emin Gun....
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The University of Maryland, Cornell, and the University of California Berkeley will be conducting cryptocurrency research backed by $3 million in funding from the National Science Foundation, a US government agency that supports and funds scientific research. According to principal investigator Elaine Shi, the universities will be focused on developing new cryptocurrency systems that can address "pain points" in bitcoin and other digital currency networks. Cryptocurrency Research Scope. This wide-ranging research, which is entitled The Initiative for Cryptocurrency and Contracts (IC3),....
UK Government Funds Research in Digital Fintech and Promotes Firm Regulations. In November, the U. K. government launched a call for information on digital currencies, with a focus on their function as a payment method rather than as a speculative investment. After receiving more than 120 responses, the government released a Treasury document titled "Digital Currencies: Response to the Call for Information," which summarizes the submissions received and outlines the government's views and proposed next steps: The government intends to apply anti-money laundering regulation to digital....
Australian Crypto-Focused Research Firm Supports Government Rebate And R&D For Bitcoin Entrepreneurs
Interconnected Research (ICR), an Australia-based cryptocurrency research and development provider, recently satisfied requirements to remain registered as a Research Service Provider (RSP). The registration makes ICR the only private company that can ensure companies meet the requirements to claim a rebate of up to 43.5 cents on the dollar through the government's R&D Tax Incentive program. An RSP is an organization registered under section 29A of the Industry Research and Development Act of 1986 in Australia. The registration means it has the appropriate scientific or technical expertise....
Governments are showing increasing interest in cryptocurrencies and blockchain technology. A recent press release details that this week the US Department of Homeland Security (DHS) plans on funding $600,000 in grants to government-related distributed ledger startups. DHS Funds Blockchain Research for ID Services. A couple of years ago no cryptocurrency....
Tadge Dryja, one of two authors behind the white paper that spawned bitcoin's much-anticipated Lightning payment network, has officially joined MIT's Digital Currency Initiative. Dryja will now work full-time at the famed technical university's cryptocurrency and blockchain research effort – a division of its larger MIT Media Lab – where he will serve as a research scientist. (The MIT DCI also funds core bitcoin developers as part of a separate program under its management.) In interview with CoinDesk, MIT DCI director of research Neha Narula credited the hiring to the caliber of Dryja's....