Sunday, February 23, 2014

Mt. Gox CEO Mark Karpeles Resigns from Bitcoin Foundation Board

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

The Foundation posted the announcement on its blog today at 4:00AM GMT:

“Effective immediately, Mark Karpeles has submitted his resignation from the board of directors. We are grateful for his early and valuable contributions as a founding member in launching the Bitcoin Foundation.”

“As CEO of MtGox Co. Ltd. (Japan), he held one of the three elected industry member seats. Further details, including election procedures, will be forthcoming.”

There has still been no notice since 20th February as to when and if Mt. Gox will resume bitcoin withdrawals for its users. While there were reports of tests and customers receiving withdrawals over the weekend, the company had not made any formal announcement on the issue at the time of writing.

The price of bitcoin on Mt. Gox also rose from its sub-$100 level on Friday to more than $300 by the end of Sunday. It was around $250 at the time of writing.

- Source, CoinDesk read more here: