Bitcoin Buzz | SCMP’s Bitcoin Daily Report: Mt Gox loses Bitcoin Foundation role

Mt Gox chief executive Mark Karpeles resigned on Sunday from the board of the Bitcoin Foundation, putting the spotlight back on the besieged bitcoin company.

In a statement posted on the industry lobby group’s website, executive director Jon Matonis said the Tokyo-based firm had submitted its resignation from the board of directors “effective immediately”.

He added: “We are grateful for their early and valuable contributions as a founding member in launching the Bitcoin Foundation.”

The Bitcoin Foundation will hold an election to fill the vacant position shortly.

As for Mt Gox, it has not yet released a statement or responded to media requests explaining why it stepped down from the board.