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13/04/19 04:00 UTC-4

Harvard is the first university in the world to openly invest in cryptocurrency up to $ 10 million

Harvard has invested about ten million dollars in cryptocurrency
Harvard has invested about ten million dollars in cryptocurrency

On April 11, Harvard University openly announced that it had begun to invest in the Blockstack cryptocurrency. Currently, the institution of higher education has bought 95,833,333 Blockstack tokens. This is the first time in the history of digital money when a university buys a cryptocurrency.

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Cryptocurrencies at Harvard: what do the country's financial regulators think

As it became known on April 11, Harvard University invested in Blockstack tokens. In total, the school bought 95,833,333 coins, which is equivalent to the amount of 5 to 10 million dollars. The decision to buy cryptocurrency was made by the Harvard Advisory Council and the Harvard Management Company (total fund of $ 37 billion).

Now, the Blockstack cryptocurrency is the first digital coin recognized by the country's financial regulators (SEC). As previously stated, the CEO of the Blockstack project, Munib Ali, this is the first cryptocurrency in the world recognized by financial authorities. In this case, the proceeds from the sale of Blockstack altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details
will go to improving the eco-system and tokens scalability.

One of the leading Bitcoin -"evangelists", Anthony Pompiano, commented on the news on his Twitter: "The Harvard Foundation has invested $ 5-10 million directly in Blockstack tokens. This means that it is convenient for one of the leading university funds to keep tokens directly."

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Harvard University has invested in cryptocurrency up to 10 million dollars. Recall that in February of this year, the Institute of Decentralized Economics (IDE) opened in London, which is studying cryptocurrency, as well as blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology.

Editor: Jerg Wos

See also: "Bitcoin-enthusiast and founder of WikiLeaks, Julian Assange, was arrested: a journalist faces the death penalty or 35 years in prison"

#Harvard #cryptocurrency #Blockstack #cryptocurrencyregulation #USA

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