Last week, the Bitcoin Foundation finalized the results of the second round of elections to fill two vacant seats on its board of directors. The winners, BTC China’s Bobby Lee and “serial entrepreneur” Brock Pierce, were chosen over Gyft CEO Vinny Lingham. Almost immediately after the announcement, however, several members of the Bitcoin Foundation began…
Following the second round of voting to replace two vacant seats on the Bitcoin Foundation’s board of directors, BTC China CEO Bobby Lee and venture capitalist Brock Pierce were officially added to the board’s roster. The three-person runoff election saw Gyft CEO Vinny Lingham miss election to the post by a narrow 2% margin. Votes…
Latin America has a long history of economic instability, forcing many countries in the region to be almost entirely dependent on the U.S. dollar as a reserve currency. Latin America is also a huge piece of the U.S. remittance market, with the 17 North and South American nations in that group accounting for $41 billion…
The Bitcoin Foundation and Blockchain.info are partnering to launch the Blockchain Awards to “celebrate innovation and excellence in the Bitcoin community.” The initial round of awards will go to people and projects in ten categories, with nominations being open to the public. The current list of awards are: Most Impactful Charity Most Creative Video Most…
After 18 months as the Chief Scientist of the Bitcoin Foundation, Massachusetts-based developer Gavin Andresen is handing over the reigns to Netherlands-based developer Wladimir van der Laan. In a post on the official Bitcoin Foundation blog published today, Andresen explained that he wasn’t leaving the project, simply stepping back from the lead technical position in…
In a post on the Bitcoin Foundation’s blog yesterday, Marco Santori, Chairman of the foundation’s Regulatory Affairs Committee responded to the recent decision by the Internal Revenue Service (IRS) to treat bitcoin as a stock-like class of property, rather than as a currency. The post notes that the foundation “appreciates the IRS’ hard work in…
Atlanta-based BitPay is one of the rising stars of bitcoin payment processing, but until recently it didn’t have a seat at the table of bitcoin’s best-known advocacy group, the Bitcoin Foundation. Yesterday, the BitPay formally joined the foundation with a bang, joining at the “Gold” sponsorship level. While a “Gold” membership doesn’t come with many…
In the last few months, Bitcoin has gone from fringe tech curiosity to a potential dark horse in the race for the future of international commerce. Not surprisingly, it has caught the caught the attention of cautious U.S. regulators, skeptical central bankers and scapegoat-craving politicians. To ensure that the Bitcoin movement has a seat at…
As Mt.Gox was falling apart, the “Two-Bit Idiot” blog on Tumblr was one of the rare sources of well-sourced, reliable information. Written by self-professed “entrepreneur and former VC” Ryan Selkis (who also writes under the name Ryan Galt), the blog was the first to leak the damning internal memos that all but proved Mt.Gox was…
Mt.Gox CEO Mark Karpeles quietly resigned from the Bitcoin Foundation yesterday. The resignation, which was effective immediately, was confirmed today by Bitcoin Foundation spokesman Jinyoung Lee Englund, speaking with the Reuters news agency. Immediately following the resignation, Mt.Gox also deleted the entire contents of it Twitter feed. There has been no comment from Mt.Gox about…