MIT Undergrads Will Each Get $100 In Bitcoin

MIT undergrad Jeremy L. Rubin and Sloan School of Management student Daniel B. Elitzer have convinced about 25 donors to donate more than half a million dollars (half from MIT alum and co-founder of the high frequency trading outfit Hudson River Trading Alexander Morcos) so that they can give MIT undergrads $100 each in Bitcoin in a project meant to kickstart innovation.

“Everybody has access to the Internet, right, so you want to launch a webapp? Everybody can do that. You want to launch a bitcoin or cryptocurrency app? That’s a little bit harder,” explains Rubin, report Austin Hess...