Cryptocurrency markets drop slightly but remain relatively stable, while plans for bitcoin satellites are made. <\/p>\n
Bitcoin has continued to gradually drop in value, following a trend that began at the beginning of this week. A fall of just over 1% over the last 24 hours has been mirrored by most other major digital currencies. <\/p>\n
Only dogecoin has seen its value rise, rebounding slightly by 2% from a recent steady decline that has seen its market capitalisation fall by 20% over the last seven days. <\/p>\n
Last-gasp effort to save MtGox <\/p>\n
A group of investors led by Jon Holmquist, the founder of Bitcoin Black Friday, is making one final attempt to prevent the planned liquidation of Tokyo-based bitcoin exchange MtGox. <\/p>\n
The exchange filed for liquidationearlier this month after plans to rebuild under bankruptcy protection fell through. <\/p>\n
Sunlot Holdings, the firm representing the investor group, claims that it is possible to revive the exchange. A decision by court-appointed administrators will be made by 9 May. <\/p>\n
Holmquist has said that the bid is being made primarily to restore customer confidence. <\/p>\n
\"This isn't about Gox,\" Holmquist said.\"This is about helping the community get their coins back while also kickstarting a new exchange. We're hoping to make the customers whole. And as part of that, reinstill confidence in the Bitcoin ecosystem.\" <\/p>\n
Bitcoin Satellites <\/p>\n
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Cryptocurrency News Round-Up: Bitcoin in Space & MtGox 2.0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Cryptocurrency markets drop slightly but remain relatively stable, while plans for bitcoin satellites are made. Continue reading