Charlie Shrem, the 24-year-old Bitcoin entrepreneur who was arrested on Monday on money-laundering charges, has resigned from his position as vice chairman of the board of the Bitcoin Foundation. Bitcoin payments for the online drugs marketplace Silk Road. In a statement issued on Tuesday, the Bitcoin Foundation said Shrem and the other board members had mutually agreed that he would step down from his shrem bitcoin foundation, effective immediately.
While Charlie has contributed a great deal of personal effort and resources to enhance the adoption of Bitcoin worldwide, a prolonged legal dispute would inevitably detract from advancing that core mission,” said Jon Matonis, the board’s executive director. The incident is only the latest setback for the Bitcoin Foundation, which was launched in 2012 with the aim of cleaning up Bitcoin’s “undeserved reputation stirred by ignorance and inaccurate reporting. 28m worth of Bitcoins being perhaps the most publicized example. In its statement, the Foundation said it was “both surprised and saddened” to learn of the charges against Shrem, but added that they do not represent an indictment of Bitcoin or its community. The foundation does not condone illegal activities and values transparency, accountability and a high level of responsibility towards its members and overall community,” the statement said. Monday: Intel touts 28-core desktop CPU.
Winklevoss twins eye up NASDAQ: Publicly traded Bitcoin fund what could go wrong? The Register – Independent news and views for the tech community. Receive all Bitcoinist news in Telegram! In a Tweet from May 3rd, Shrem, who since returning to the cryptocurrency industry has vowed to propagate Bitcoin’s benefits to a wider audience, claimed this month would mark a significant turning point in Bitcoin markets. Shrem’s enthusiasm comes at a time when Bitcoin prices continue to reverse the downward trend which began in December 2017. 9,750 for the first time since March 8th this week. At press time, slight volatility was visible on markets, with swings of several hundred dollars occurring on hourly charts.