From the legacy of Bitcoin and crypto to the push for Ethereum futures in the US, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin billionaire Brock Pierce says the collapse of the Mt. Gox crypto exchange was so intense, it’s playing a role in today’s Bitcoin and crypto bear market. In a new interview on the Max Keiser Report, Pierce says his plan to resurrect Mt. Gox and refund the investors who lost their Bitcoin can boost the entire crypto market and turn the infamous exchange into a source of pride for the industry.
“We have the power as an industry to right the end of this story. How do we want it to end? Do we want it to end like Lehman Brothers? Like the old financial system? Or would we like this story to end differently? Would we like this story to end in a way that demonstrates the power of the open-source community of blockchain and the resilience of Bitcoin like a phoenix rising from the ashes? I think we’ve got the power to do that.
I’ve got a crazy stretch goal, which is to get creditors 100% of their money back as well to relaunch the exchange so that Mt. Gox is not a term that causes you to cringe in shame, but becomes a source of pride on behalf of the entire industry because of the power of this space and hopefully the outcome we can achieve here.”
Mt. Gox shut down on 2014 after claiming it was hit by an attacker who stole 850,000 Bitcoin.
The Chicago-based crypto exchange ErisX says Ethereum (ETH) futures would have a positive impact on the cryptocurrency market.