24 Feb '14, 8am

MtGox chief quits Bitcoin Foundation: The chief executive of Bitcoin exchange MtGox, Mark Karpeles, quits the

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are willing to exchange it for. To process Bitcoin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution. For each problem solved, one block of Bitcoins is processed. In addition the miner is rewarded with new Bitcoins. This provides an incentive for people to provide computer processing power to solve the problems. To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of about 3,600 new Bitcoins a day. There are currently about 11 millio...

Full article: http://www.bbc.co.uk/news/technology-26319247#sa-ns_mchan...

Tweets

MtGox chief quits Bitcoin Foundation

bbc.co.uk 24 Feb '14, 8am

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be be...

BBC News - MtGox chief Mark Karpeles quits Bitc...

bbc.co.uk 24 Feb '14, 8am

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be be...

MtGox leaves the Bitcoin Foundation board

gigaom.com 24 Feb '14, 8am

Mark Karpeles, CEO of the pioneering but troubled Bitcoin exchange MtGox, has resigned his seat on the board of the Bitcoi...

Seemingly 'Struggling With Everything,' MtGox Resigns From Bitcoin Foundation

Seemingly 'Struggling With Everything,' MtGox R...

businessinsider.com 24 Feb '14, 4am

MtGox is resigning from the board of the Bitcoin Foundation as it remains unable to restart full operations after claiming...

Mt. Gox CEO Mark Karpeles

Mt. Gox CEO Mark Karpeles

coindesk.com 24 Feb '14, 4am

Breaking news: Mt. Gox CEO Mark Karpeles has just resigned from his position as a board member with the Bitcoin Foundation...

Mt. Gox quits Bitcoin Foundation board: Major B...

pcworld.com 24 Feb '14, 7am

Major Bitcoin exchange Mt. Gox has quit the Bitcoin Foundation’s board of directors, the foundation said. The move is effe...

If you're just waking up today, the big news is...

businessinsider.com 25 Feb '14, 3am

MtGox, once the world's largest Bitcoin exchange, has gone offline . Sites tracking trading on the Bitcoin exchange are re...

Bitcoin: What's In It For Me?: Like gold, the value of an individual bitcoin on any given day varies, so buyer...

Bitcoin: What's In It For Me?: Like gold, the v...

news.discovery.com 24 Feb '14, 11am

David Karp At age 25, Tumblr founder David Karp created a fast-growing international social media, blogging platform. Usin...

MTGox deletes all tweets from their twitter feed

reddit.com 24 Feb '14, 5am

3rd degree: MtGox deleted their Twitter feed to rebrand and fund money into a new start up Magic The Gathering Exchange 4t...

Mt. Gox resigns from Bitcoin Foundation: WSJ #News

Mt. Gox resigns from Bitcoin Foundation: WSJ #News

businessinsider.com 24 Feb '14, 4am

Thomson Reuters Mock Bitcoins are displayed on a table in an illustration picture taken in Berlin (Reuters) - Mark Karpele...

Mt. Gox Resigns From Bitcoin Foundation

online.wsj.com 24 Feb '14, 3am

Mark Karpeles, chief executive officer of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the...

Mt. Gox CEO Resigns From Bitcoin Foundation Board

Mt. Gox CEO Resigns From Bitcoin Foundation Board

online.wsj.com 24 Feb '14, 3am

Mt. Gox chief executive Mark Karpeles, seen in this 2013 photo, has resigned from the board of the Bitcoin Foundation, acc...

Mt. Gox resigns from Bitcoin Foundation Board

Mt. Gox resigns from Bitcoin Foundation Board

news.cnet.com 24 Feb '14, 5am

Embattled Bitcoin exchange Mt. Gox has resigned from the board of the Bitcoin Foundation, the organization that manages th...

CEO Mark Karpeles resigns from Mt. Gox, the emb...

online.wsj.com 24 Feb '14, 6am

Mark Karpelès, chief executive officer of Mt. Gox, the embattled Tokyo-based bitcoin exchange, resigned on Sunday from the...

Bitcoin valuation takes another hit as Mt. Gox CEO steps down from the Bitcoin Foundation

Bitcoin valuation takes another hit as Mt. Gox ...

thenextweb.com 24 Feb '14, 4am

Bitcoin is going through another significant dip after the CEO of Mt. Gox , a controversial Bitcoin currency exchange serv...