Feb 19, 2019
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Bitcoin [BTC]: Mt Gox redemption plan demonstrates the power of open source network, says Brock Pierce

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Mt Gox, which was one of the largest cryptocurrency exchanges, was declared bankrupt in 2014 when the exchange lost or suffered a theft of about 850,000 bitcoins [worth about $450 million] and caused a loss of about 7% of the total Bitcoin in circulation.

However, Brock Pierce, Venture capitalist, and former Bitcoin Foundation director, believes that his plan to take over the Mt Gox rehabilitation process demonstrates “the overall power of Bitcoin and open source” network.


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AMBCrypto · News

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