Bitcoin Foundation hit hard by big bitcoin losses

Bitcoin Foundation hit hard by big bitcoin losses

The Bitcoin Foundation, formed in 2012 to promote the virtual currency, has rejected claims by a board member that it’s bankrupt but has acknowledged significant financial problems—ironically as a result of a big drop in the value of its bitcoin holdings. On Tuesday its board of directors rejected claims made a day earlier by board member Olivier Janssens that it was “effectively bankrupt,” but ...

Tue, 07 Apr 2015 14:25:19 -0700

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