Feb 19, 2019
136 Views
0 0

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

Written by

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.

READ IN FULL

Article Categories:
AMBCrypto · News

Leave a Reply

Your email address will not be published. Required fields are marked *