Tag Archives: cryptocurrency

Cryptocurrency innovation: U-M to establish FinTech Collaboratory

By | February 8, 2019
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computer with money flying around it

Financial technology research and education at U-M will get a boost with $1 million from Ripple’s University Blockchain Research Initiative. The funding will support academic research, technical development, and innovation in blockchain, cryptocurrency, and digital payments. Ripple enables global money transfers using blockchain. With the funds, U-M will establish the FinTech Collaboratory to build curricula in the booming… Read More »

Cryptocurrency mining risks and U-M restrictions

By | December 12, 2018
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illustration of pickax hitting a laptop

You may not use U-M resources—computers, networks, electricity—for cryptocurrency mining. Such use violates university policy and puts U-M services and data, and your personal accounts and devices, at risk. The Responsible Use of Information Resources (SPG 601.07) policy states that U-M resources may not be used “for personal commercial purposes or for personal financial or other gain.” The… Read More »

What’s the deal with Bitcoin?

By | June 27, 2018
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woman holding large gold coin, surrounded by merchandise

A Bitcoin boom could make millionaires, but a bust could just as easily destroy the cryptocurrency. So what exactly is Bitcoin and how does it work? LSA researcher Lynette Shaw provides insights about new forms of digital currency—and what actually makes something worth anything. According to Shaw, an assistant professor in the Center for the Study of Complex Systems,… Read More »

Say no to cryptocurrency mining

By | June 15, 2018
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human figure with miners ax next to box filled with gold coins

Cryptocurrency mining is best avoided. Don’t do it yourself, and don’t let attackers use your devices to do it. Cryptocurrency mining is a computationally intensive process of validating digital currency transactions that allows the miner to earn transaction fees and digital currency. Illicit cryptocurrency mining has displaced ransomware as the number one cyber security threat, according to industry… Read More »