24 Feb '14, 4am

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

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

Bitcoin is going through another significant dip after the CEO of Mt. Gox , a controversial Bitcoin currency exchange service, stepped down from the Bitcoin Foundation, the committee that oversees management of the virtual currency. A blog post from the foundation – noted by Coinbase — reveals that Mark Karpeles has resigned from his board seat, but doesn’t give a reason for his departure. The exit is likely due to ongoing technical issues that have hit Mt. Gox particular hard over the past month — during which time it completely froze withdrawals , sending prices on the exchange crashing as customers worried about the future of Bitcoins stored in Mt. Gox. Regardless of the specifics of his exit, Karpeles’ resignation appears to have increased concern among Mt. Gox users. Prices on the exchange — which are lower than others due to a range of user concerns — had actually ju...

Full article: http://thenextweb.com/insider/2014/02/24/bitcoin-valuatio...

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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...

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

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

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Mt. Gox CEO Mark Karpeles

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businessinsider.com 24 Feb '14, 4am

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Mt. Gox resigns from Bitcoin Foundation Board

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