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Definition: Bitcoin Academy

An educational program for residents of Marcy Houses, a public housing complex in Brooklyn, New York. Launched in 2022 by Twitter co-founder Jack Dorsey and artist Jay-Z (Shawn Carter), who grew up there, the Bitcoin Academy provides smartphones and a one-year hotspot data plan to participants. Although created to help lower-income households understand the world of cryptocurrencies, Bitcoin Academy is somewhat controversial because people are concerned that participants may invest in a volatile new industry rife with scams. Still others argue that, rather than crypto knowledge, their neighborhood needs community outreach, revitalized parks and recreation opportunities. See crypto glossary.