MIT’s Digital Currency Initiative Receives a Boost With $900,000 Raised for Bitcoin Development Fund

Cryptocurrency stands at the forefront of technology’s efforts to utilize the power of the Internet for positive change. And according to Neha Narula, director of research at MIT’s Media Lab Digital Currency Initiative, such change is needed. Instead of an interoperable data fabric, data has been siloed. Instead of access and freedom, gated app stores exist. Narula described the leadership role MIT’s Media Lab Digital Currency Initiative is taking in working to change this, Medium reported. She reviewed the numerous steps the initiative has taken to unshackle the control a few....

Cryptocurrency stands at the forefront of technology’s efforts to utilize the power of the Internet for positive change. And according to Neha Narula, director of research at MIT’s Media Lab Digital Currency Initiative, such change is needed. Instead of an interoperable data fabric, data has been siloed. Instead of access and freedom, gated app stores exist. Narula described the leadership role MIT’s Media Lab Digital Currency Initiative is taking in working to change this, writing in Medium. She reviewed the numerous steps the initiative has taken to unshackle the control a few....

The MIT Media Lab's first digital currency director is transitioning out of his role as the leader of the research initiative. To be announced later today, former White House senior advisor Brian Forde will be migrating to MIT’s Sloan School of Management where he will serve as a senior lecturer and teach two classes on cryptocurrencies. Forde cited other factors as influencing the decision, such as his desire to move back to Los Angeles, his recent engagement to his fiancee and his desire to focus on a forthcoming book. Representatives of MIT's Digital Currency Initiative, first launched....

MIT announced today it has raised $900,000 to fund the work of three bitcoin developers. The Bitcoin Developer Fund, backed by venture capitalist Fred Wilson, LinkedIn co-founder Reid Hoffman and others is intended to give the three bitcoin coders working to resolve the block-size debate and other similar technical challenges an academic platform from which to work. MIT’s Digital Currency Initiative (DCI) director Brian Forde said the university's role in helping support these coders is just part of the academic community’s responsibility to create a place where bitcoin's developers can....

Crypto industry captains are throwing their support behind a long-term project from MIT’s Digital Currency Initiative to enhance Bitcoin’s security. The Massachusetts Institute of Technology’s Digital Currency Initiative has revealed a new “Bitcoin Software and Security Effort” intended to foster research into bolstering the Bitcoin network’s defenses.The open-source initiative has received support from a diverse group of crypto industry leaders, including Gemini’s Cameron and Tyler Winklevoss, MicroStrategy’s CEO Michael Saylor, Square CEO Jack Dorsey, and major European digital asset....