The ATM, operated by Liberty Teller, has been launched at the MIT Coop store in Kendall Square, Cambridge.
The MIT contest will award developers $15,000 in prizes to bolster bitcoin awareness at the university.
Bitcoin leaders gathered at MIT this weekend to teach students how to get involved in the bitcoin economy.
A couple of Massachusetts Institute of Technology (MIT) students have managed to raise $500,000 for a curious cryptocurrency project.
The CoinDesk Roundup looks at a novel mining experiment, legal assistance for student innovators and the latest mining kit.
New data released by MIT suggests that bitcoin hoarding is not the problem critics believe it to be.
Circle CEO Jeremy Allaire gave a presentation on bitcoin to a full house at MIT on Tuesday night.