Bitcoin’s oldest trade organization has voted in a new, relatively unknown executive director.
The Bitcoin Foundation’s plans for a comeback have faced early skepticism after the public release of a private email from its executive director.
Half of the proceeds from an apparently errant bitcoin transaction have been donated by the recipient mining pool.
Bitcoin Foundation board members Jim Harper and Olivier Janssens have exited the trade organization amid questions about its future.
Meeting minutes, published yesterday, show board chairman Brock Pierce declaring that the Bitcoin Foundation is "close to running out of money".
Bitcoin Foundation director Bruce Fenton has proposed removing all of the organisation's founding members, including bitcoin creator Satoshi Nakamoto.
Venture capitalist Brock Pierce has been elected chairman of the board of directors at the Bitcoin Foundation.
Following weeks of controversy, Bruce Fenton has been named executive director of the Bitcoin Foundation, the industry's oldest trade organisation.
CoinDesk has looked at the top bitcoin-related headlines from across the world.