MIT Undergrads Start Semester With $100 in Bitcoin

By Stephanie Mlot. College students typically begin a new year equipped with textbooks, a class schedule, and financial debt. But the Massachusetts Institute of Technology (MIT) is adding a new component: bitcoin.
Two student members of the MIT Bitcoin Club raised $500,000 for a project that will allow the university to distribute $100 in bitcoin to every undergraduate this fall. All 4,528 students will receive their own wad of online currency to invest, spend, or donate. More...