$100 of free bitcoin offered to MIT students through Bitcoin Project comes as cryptocurrency markets slide(IBTimes UK) <\/p>\n
Following a brief upturn on Monday 27 October, bitcoin and other major cryptocurrencies have taken a significant slide over the last 24 hours. <\/p>\n
Bitcoin, dogecoin, peercoin, namecoin and darkcoin all fell by between 4% and 5% since yesterday, with only litecoin faring marginally better with a 2% price fall. <\/p>\n
Despite the market-wide downturn, several digital currencies did see some positive movement. The biggest mover was titcoin, which saw its value surge by more than 360%. <\/p>\n
One of a handful of cryptocurrenies designed for the porn and adult entertainment industry, titcoin now has a market capitalisation of around $90,000 (56,000). <\/p>\n
Students at the Massachusetts Institute of Technology have become eligible to receive their share of a bitcoin fund worth around half a million dollars. <\/p>\n
The MIT Bitcoin Project is offering undergraduates $100 worth of bitcoin in return for completing a surveybefore 2 November. <\/p>\n
Students Dan Elitzer and Jeremy Rubin raised the money for the project, and they received donations from university alumni and members of the bitcoin community. <\/p>\n
Rubin said: \"Giving students access to cryptocurrencies is analogous to providing them with internet access at the dawn of the internet era.\" <\/p>\n
Former chairman of the US Securities and Exchange Commission (SEC) Arthur Levitt is to join bitcoin payment processing firm BitPay and bitcoin exchange Vaurum. <\/p>\n
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