MIT Financial News
17.03 / 10:31
Blockchain
MIT
Bank of Canada collaborating with MIT on CBDC research
The Bank of Canada has partnered with the Massachusetts Institute of Technology (MIT) to work on a 12 month research project focused on the design of a Central Bank Digital Currency.
02.08 / 20:21
CBDC
Adoption
Digital Currency
ERC-20
MIT
MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform
The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental PArSEC platform. PArSEC — short for "parallelized architecture for scalably executing smart contracts" — is open source and developed with central bank digital currency (CBDC) in mind.
30.06 / 15:13
business
Blockchain
Technology
Adoption
education
Analysis
MIT
Universities use blockchain-based storage to protect and democratize data
Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.
26.04 / 06:47
Blockchain
SEC
security
us government
ICO
MIT
Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts
The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities.
18.04 / 07:33
Blockchain
Technology
SEC
us government
Uber
MIT
Sec Chair
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
A four-year-old video of United States Securities an Exchange Commission (SEC) chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring ALGO is an unregistered security.
31.03 / 19:23
Blockchain
proof-of-work
Research
MIT
Bitcoin
MIT Space Force major proposes Bitcoin mining as cybersecurity tool
An active-duty United States Space Force astronautical engineer is proposing to the Pentagon a cybersecurity tool capable of transforming the country's national security and even the base-layer architecture of the internet: Bitcoin (BTC).
11.02 / 17:35
Adoption
us government
MIT
MIT, Boston Fed give digital dollar CBDC a modest test run
The world recently got a sneak peek at what a digital dollar, or at least one component of a hypothetical United States central bank digital currency (CBDC), might look like, courtesy of Project Hamilton, a collaborative effort of the Federal Reserve Bank of Boston and the MIT Digital Currency Initiative. The results of the project’s first phase were originally expected last summer but were released on Feb. 3. The project, announced in 2020, is named in honor of Alexander Hamilton, the first U.S. Treasury secretary, and Margaret Hamilton, an MIT staffer who contributed to NASA’s Apollo program.
04.02 / 06:41
Blockchain
Banks
Research
MIT
Fed and MIT's CBDC research: Distributed Ledger tech has ‘downsides’
Theoretical research into a Central Bank Digital Currency (CBDC) in the U.S. has found that distributed ledger architecture has “downsides.”
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