Mt. Gox Founder Jed McCaleb Working on Mystery Bitcoin Project
The original founder of Mt. Gox, Jed McCaleb, has revealed that he is working on a secret bitcoin-related project, but he isn't giving much away. McCaleb is the creator of Mt. Gox, for years the world's largest and best-known bitcoin exchange. After he sold his stake in Mt. Gox in 2011, he created Ripple and made a few interesting investments along the way. Now McCaleb wants to get back into the game. But the big question is - with what? The investor claims he is working on "something that will be better for bitcoin and better for you", and is looking for alpha testers for his mystery....
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Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched. McCaleb is the original founder of defunct Japanese bitcoin exchange Mt. Gox and a co-founder of digital currency-focused payment network Ripple Labs. The new platform is a decentralized gateway for digital currency to fiat currency transfers, The Wall Street Journal reports. Like Ripple and bitcoin, Stellar will act as a public transaction authenticator and feature its own in-house digital currency called 'stellar'. McCaleb's announcement follows months of rumors about....
Ripple co-founder Jed McCaleb has finally unloaded his XRP on the market. McCaleb has been dumping the cryptocurrency since 2014 when he obtained 9 billion as compensation for his work in the payment company. Related Reading | Bitcoin Is ‘Here to Stay,’ Ex-BlackRock Investment Adviser Says – Better Than Gold? McCaleb parted ways with Ripple in […]
Here's something you might not know. Mt. Gox was founded by Jed McCaleb as an exchange for the Magic: The Gathering card game (hence the name Magic: The Gathering Online Exchange). By the time it was sold to Mark Kerpeles in 2011, it had already transformed into a bitcoin exchange - going on to eventually handle 70% of trading transactions worldwide. Today, the exchange is facing their share of problems, but McCaleb's carrying on - and today, he's announced a brand new project. We can't tell you about it because we don't know what it is, because it's top secret. Really. McCaleb has....
Remember Jed McCaleb's Secret Bitcoin Project we wrote about in early February? We're finally getting some more information about it via a Wall Street Journal report. Before we get in to it, you should probably know who Jed McCaleb is by now. If not, he's the original founder of Mt. Gox (which he subsequently sold to Mark Karpeles in 2011) and Ripple. McCaleb's project - which isn't quite so secret anymore - is called Stellar, located at Stellar.org. Stellar is more of a protocol than anything else, allowing consumers to easily send money in different currencies. Description from the....
Jed McCaleb, the original founder of bitcoin exchange Mt. Gox, has said that he lost around $50,000 following the collapse of the exchange. McCaleb pulled out of Mt. Gox and sold the bulk of the company to Mark Karpeles in 2011, but retained a 12% stake. The $50,000, which he indicated was held in an online wallet in USD not bitcoins, was lost when the exchange went bankrupt after an alleged massive hack. In an interview with Ars Technica, McCaleb said he is no longer involved with Mt. Gox, aside from his stake in the company. Minority shareholder. Following his departure form the....