26 Feb '14, 1am

ANDREESSEN: MtGox Is Like MF Global And Not An Existential Threat: Marc Andreessen is one of Bitcoin's biggest...

ANDREESSEN: MtGox Is Like MF Global And Not An Existential Threat: Marc Andreessen is one of Bitcoin's biggest...

Marc Andreessen is one of Bitcoin's biggest supporters, having invested some $50 million in firms dealing in the digital currency. He also recently published an op-ed in the New York Times on how Bitcoin will change finance. So it's not too surprising that he remains completely undeterred by what by most accounts is the massive failure of Bitcoin exchange MtGox. In a statement obtained by CNBC's Becky Quick, Andreessen compared MtGox's troubles to MF Global — which is to say, tragic for customers but not systemic to the overall Bitcoin ecosystem. MF Global is the former brokerage run by former New Jersey Gov. Jon Corzine that in 2011 filed for bankruptcy after experiencing a massive cash shortfall. The exact reasons for why MtGox has apparently shut down remain unknown, although there is a growing consensus that a kind of slow-drip theft by hackers exploiting a vulnerabili...

Full article: http://www.businessinsider.com/andreessen-mtgox-is-mf-glo...

Tweets

@pmarca

blog.pmarca.com 25 Feb '14, 5pm

All of this requires abandoning the past, something that admittedly is very hard but necessary to move forward. Today’s ne...

VIDEO: Bankruptcy for bitcoin exchange MtGox

VIDEO: Bankruptcy for bitcoin exchange MtGox

bbc.co.uk 01 Mar '14, 4am

MtGox bitcoin exchange files for bankruptcy 1 March 2014 Last updated at 04:38 GMT One of the world's biggest Bitcoin exch...

Japan investigates ailing Bitcoin exchange MtGox

Japan investigates ailing Bitcoin exchange MtGox

telegraph.co.uk 27 Feb '14, 8am

Meanwhile, the company’s Tokyo offices were empty this week, with a handful of protestors gathered outside, claiming that ...

Why is Carl Icahn Making Up a Fake Conspiracy T...

blog.pmarca.com 06 Mar '14, 2pm

Why is Carl Icahn Making Up a Fake Conspiracy Theory about eBay, Marc Andreessen, and Microsoft? Carl Icahn, March 5 2014,...

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...

#mtgox #bitcoin

reddit.com 09 Mar '14, 4pm

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no...

GSMA predicts 250-million M2M connections in 20...

ept.ca 26 Feb '14, 2pm

Global machine-to-machine (M2M) connections will hit a quarter-of-a-billion this year, according to a new report by the GS...

New statement by @pmarca on Carl Icahn:

blog.pmarca.com 05 Mar '14, 5pm

“And – and they say that – and they go and then they – and they say that Mr. Andreessen, Scott Cook, extraordinary insight...

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...