Ellen Pao, the CEO of Reddit whose November 2014 hiring was quickly following by the shelving of the website’s short-lived Bitcoin project, resigned on Saturday.She publicly took responsibility for the management errors that ultimately sent the platform into chaos, motivating a large portion of the user base to switch to a Reddit-clone news aggregator called Voat.Last week, more than 213,000 people signed a petition demanding Pao’s resignation.The majority of the users who signed were furious about the company’s decision to relieve Reddit administrator Victoria Taylor.Several default subreddits went private, including /r/IAmA, one of the website’s biggest subreddits, /r/movies, and more.Pao stated in a post to Reddit’s forum last week that the management made “a long history of mistakes.” She said: “We screwed up.Not just on July 2 [when we let Taylor go], but also over the past several years.The mods and the community have lost trust in me and in us, the administrators of Reddit.” With the resignation of Pao, Reddit co-founder Steve Hoffman, who founded the website 10 years ago, will replace Pao as the new chief executive officer, after stepping down as the CTO of Hipmunk, a popular travel search site.

Steve Huffman announced on /r/IAmA, “I know we have a lot of work to do.One of my first priorities is to re-establish a relationship with the community.This is the first of what I expect will be many AMAs (I'm thinking I'll do these weekly).” The Reddit team stated, “We’re very happy to have Steve back.Product and community are the two legs of reddit, and the board was very focused on finding a candidate who excels at both (truthfully, community is harder), which Steve does.He has the added bonus of being a founder with ten years of reddit history in his head.” - Ellen Pao Ryan X. Charles Pao was appointed as CEO after Reddit secured a US$50 million funding round from Andreessen Horowitz and Sequoia Capital, along with prominent angel investors Peter Thiel and Ron Conway.Almost immediately after her appointment, Reddit dismissed cryptocurrency engineer Ryan X. Charles, whom they had just hired four months earlier, and shelved his Bitcoin Reddit-decentralization project.

At the time of the funding, lead investor Sam Altman stated: "The block chain came along and I thought, huh, this might the biggest evolution of corporate structure since the limited-liability corporation.So we don't know exactly how it will work yet, but all the investors are committed to allocating these shares to the community if we can find a way to make it work."Soon afterward, the blockchain project was dropped.After Taylor’s dismissal, Charles went on Medium to tell more about his experiences at Reddit and express his desire to revive his project and seek support to move it toward completion.Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully.Confirmation email sent to email address provided.Email * Password *Gox CEO Mark Karpeles has resigned from his position as a board member with the Bitcoin Foundation.The Foundation posted this announcement on its blog today at 3:30AM GMT: "Effective immediately, Mark Karpeles has submitted his resignation from the board of directors.

We are grateful for his early and valuable contributions as a founding member in launching the Bitcoin Foundation.""As CEO of MtGox Co.(Japan), he held one of the three elected industry member seats.bitcoin oktober 2014Further details, including election procedures, will be forthcoming."diy bitcoin mining machineThere has still been no notice since 20th February as to when and if Mt.bitcoin charts plnGox will resume bitcoin withdrawals for its users.bitcoin amd rigWhile there were reports of tests and customers receiving withdrawals over the weekend, the company had not made any formal announcement on the issue at the time of writing.cost litecoin mining

In a move that may unsettle users, Mt.Gox has also deleted all posts from its official Twitter feed.The price of bitcoin on Mt.Gox also rose from its sub-$100 level on Friday to more than $300 by the end of Sunday.bitcoin coin etfIt fell from around $250 to $220 in the hours after the announcement was posted.bitcoin dna youtubeGox is also one of only two Bitcoin Foundation Gold Members, the second-highest tier of membership (Circle is the other Gold Member and BitcoinStore is a Platinum Member).ethereum chain dataDespite resigning from the board, Karpeles remains a Founding Member of the Foundation and Mt.bitcoin plus block explorerGox's industry membership is still valid.There have been no formal requests to remove these memberships.

There had been some hand-wringing at the Foundation and its online forums over what sort of action, if any, it should take against Karpeles and Mt. to remove Karpeles from his Board position.Other senior Foundation members defended him as a Founding Member and Mt.Gox for its support of bitcoin over the years, saying neither should be removed forcibly but that Karpeles could always resign for personal reasons if he felt it necessary.Gox nor its management have been formally accused of any criminal activity, staff continue to work at the office daily and the company claims to be working hard to fix its technical problems.Both have, however, come under strong criticism from several angles recently first for suspending withdrawals, then for damaging bitcoin's public image by blaming a long-known transaction malleability issue in the bitcoin protocol for the problem.There has also been a general lack of communication with customers - many of whom have large sums of money locked in the exchange - and the value of bitcoin on other exchanges has fallen from over $930 on 11th January to less than $600 since Gox announced its "temporary pause" on 7th February.