Bitcoin is going through another significant dip after the CEO of Mt. Gox, a controversial Bitcoin currency exchange service, stepped down from the Bitcoin Foundation, the committee that oversees management of the virtual currency.
A blog post from the foundation — noted by CoinDesk — reveals that Mark Karpeles has resigned from his board seat, but doesn’t give a reason for his departure. The exit is likely due to ongoing technical issues that have hit Mt. Gox particular hard over the past month — during which time it completely froze withdrawals, sending prices on the exchange crashing as customers worried about the future of Bitcoins stored in Mt. Gox.
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Regardless of the specifics of his exit, Karpeles’ resignation appears to have increased concern among Mt. Gox users. Prices on the exchange — which are lower than others due to a range of user concerns — had actually jumped this weekend, but dropped again during morning time in Asia following the news.
That slump has affected other exchanges, and pushed the price of Bitcoin down to $574.