Reserve

Bitcoin

<h4><strong>The University of Wyoming has announced the upcoming launch of the <a href="https://www.uwyo.edu/philrelig/bitcoin/index.html" target="_blank" rel="noopener">Bitcoin Research Institute</a> in August. The university noted that the Bitcoin research institute would help deepen understanding of the cryptocurrency.</strong></h4> 
<p>Bitcoin activist Bradley Rettler, who also serves as an Associate Professor at the university, <a href="https://x.com/rettlerb/status/1817560448302031338" target="_blank" rel="noopener">shared</a> the news on X.</p> 
<h5><strong>University of Wyoming Launches Bitcoin Research Institute</strong></h5> 
<p>Rettler is also set to serve as the new institute’s director. Stressing the importance of the new institute, Rettler noted that “much academic Bitcoin research is quite poor because it’s done by people who don’t understand Bitcoin.”</p> 
<p>He further emphasized that the industry needs more “high-quality peer-reviewed” publications to provide clarity on Bitcoin and how it works. In 2018, a study by Professor Camilo Mora from the University of Hawaii said that Bitcoin could make global warming worse by 3.6° Fahrenheit (2 degrees Celsius) by 2048.</p> 
<figure id="attachment_146976" aria-describedby="caption-attachment-146976" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class=" wp-image-146976" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Bitcoin-institute.webp" alt="" width="584" height="485" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Bitcoin-institute.webp 635w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Bitcoin-institute-300x249.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Bitcoin-institute-506x420.webp 506w" sizes="(max-width: 584px) 100vw, 584px">
 <figcaption id="caption-attachment-146976" class="wp-caption-text">
  <strong>Source: <a href="https://x.com/Dagnum_PI/status/1817663917193314305" target="_blank" rel="noopener">x</a></strong>
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</figure> 
<p>Rettler, however, pointed out that the study missed some important details. It didn’t consider the difficulty adjustment and didn’t know there was a block size limit. He explained, “These mistakes make their way into journalism and policy. Bitcoin is multifaceted in theory and even more so in practice. Journalists can’t be experts, so they rely on academics. Too many of those academics have let them down.”</p> 
<h5><strong>More About The Bitcoin Research Institute&nbsp;</strong></h5> 
<p>The Bitcoin Research Institute (BRI) will commence in August. The institute will run summer workshops and host weekly seminars, among other things. Furthermore, BRI is classified as a nonprofit. And accepts Bitcoin donations for research.</p> 
<p>This isn’t the university’s first step into the digital assets space. It launched the Center for Blockchain and Digital Innovation in 2020. This center is part of UW’s business school. Furthermore, it focuses on how the business world can benefit from blockchain technology. However, the new institute will focus solely on Bitcoin.</p> 
<figure id="attachment_146977" aria-describedby="caption-attachment-146977" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-146977 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Wyoming-bitcoin-institute.webp" alt="" width="636" height="720" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Wyoming-bitcoin-institute.webp 636w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Wyoming-bitcoin-institute-265x300.webp 265w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Wyoming-bitcoin-institute-371x420.webp 371w" sizes="(max-width: 636px) 100vw, 636px">
 <figcaption id="caption-attachment-146977" class="wp-caption-text">
  Source: <a href="https://x.com/resistancemoney/status/1817592699580723599" target="_blank" rel="noopener">X</a>
 </figcaption>
</figure> 
<h5><strong>The Growth of Crypto in Wyoming</strong></h5> 
<p>Wyoming is becoming a top Bitcoin state in the US. This is largely due to the influence of pro-Bitcoin Senator Cynthia Lummis and Caitlin Long, CEO of Custodia Bank. Interestingly, Lummis <a href="https://www.altcoinbuzz.io/cryptocurrency-news/lummis-proposes-1m-btc-reserve-to-reduce-u-s-debt/" target="_blank" rel="noopener">shared</a> huge news at the Bitcoin 2024 conference in Nashville. She announced a strategic Bitcoin Reserve bill. This bill would have the US buy 5% of all the 21 million bitcoins that will ever exist.</p> 
<p>Furthermore, Wyoming has also <a href="https://wyoleg.gov/Legislation/2023/SF0076#:~:text=Wyoming%20digital%20asset%20registration%20act.,-Sponsored%20By%3A%20Select&amp;text=Digital%20Innovation%20Technology-,AN%20ACT%20relating%20to%20digital%20assets%3B%20providing%20for%20the%20registration,and%20providing%20for%20effective%20dates." target="_blank" rel="noopener">passed bills</a> that protect digital asset holders. One such bill prevents state courts from forcing people to reveal their private keys.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/the-university-of-wyoming-announces-a-bitcoin-research-institute/">The University of Wyoming Announces a Bitcoin Research Institute</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

The University of Wyoming Announces a Bitcoin Research Institute

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