Mt. Gox Resigns From Bitcoin Foundation

Mt. Gox Co. Ltd. has announced its resignation from the Bitcoin Foundation's board of directors, effective immediately, sending Bitcoin prices down yet again (h/t Jon Russell at The Next Web). Mt. Gox was one of the founding members of the Bitcoin Foundation and held one of three industry seats, which will be filled with an election though the details haven’t yet been announced.

Mt. Gox blames Bitcoin source code

Mt. Gox halted withdrawals earlier this month when the flow of withdrawal requests increased to more than they could handle and had to put a hold on everything until the problem was...