Bitcoin Foundation GudangMovies21 Rebahinxxi LK21

      The Bitcoin Foundation is an American organization that was formerly a nonprofit corporation. It was founded in September 2012 in an effort to restore the reputation of Bitcoin after several scandals, and to try to promote its development and uptake. The organization is modeled on the Linux Foundation and was funded mainly through grants made by for-profit companies that depend on the bitcoin technology.


      History


      The foundation was formed in late 2012, after Bitcoin had earned a reputation for criminality and fraud, and was modeled on the Linux Foundation. The founding chairman of the board was Peter Vessenes.
      Former lead Bitcoin developer Gavin Andresen was hired by the foundation as "chief scientist." In June 2013, the foundation received a letter from the California Department of Financial Institutions requesting that they "cease and desist from conducting the business of money transmission in this state," and again when it published their detailed response to the regulators. In November 2013, Patrick Murck, general counsel of the foundation, testified before a United States Senate committee convened to assess digital currencies, at which the reception of bitcoin by lawmakers was generally positive.
      In January 2014, the foundation's vice-chairman, Charlie Shrem, was arrested for aiding and abetting the operation of an unlicensed money-transmitting business related to his role in assisting agents of the online marketplace Silk Road; he resigned later that month and pled guilty in September 2014.
      In February 2014, Mark Karpeles, then CEO of the Mt. Gox exchange, resigned from the board after Mt. Gox lost 750,000 of its customers' bitcoins and went bankrupt, causing the value of bitcoin to crash; Executive chairman Peter Vessenes' business relationship to Karpeles has been described as inappropriate. Professor and author Mark T. Williams criticized the foundation's priorities, published an editorial in Business Insider that month, and wrote: "A Foundation of 'B' players has no business claiming it is a protector of a system that remains vulnerable and untrustworthy."
      In March 2014, the foundation hired Jim Harper of the Cato Institute to help it deal with policy issues and the government with the title Global Policy Counsel, and also hired Amy Weiss of Weiss Public Affairs as a media consultant. In July 2014, the foundation retained a lobbying firm, Thorsen French Advocacy, to work for a favorable regulatory environment in the United States for bitcoin. Some libertarian bitcoin advocates have criticized the organization's strategy of political lobbying and participation with federal regulators.
      In May 2014, BTC China (now BTCC) CEO Bobby Lee and venture capitalist Brock Pierce were appointed to the foundation's board of directors, filling vacancies left by the resignations of Shrem and Karpelès. Ten people resigned from the foundation due to allegations dating from 2000 that Pierce had pressured minors into sex at a company he had founded. Nine members of the foundation resigned following the May election, citing opposition to the appointments and the direction of the organization.
      In April 2015, the board appointed investor and financial consultant Bruce Fenton as Executive Director of the foundation. In July 2016, Fenton was replaced by Llew Claasen.
      In July 2015, Janssens made a public announcement on both the foundation's online forum and Reddit concerning the near-term insolvency of the organization, which had been kept secret by the board. As a result of this and a lack of cash flow, various staff were terminated. Following disagreement over the future of the organization—Harper and Janssens having both cast votes to dissolve the Foundation—Harper resigned and Janssens was removed from the Board in December 2015.
      The Bitcoin Foundation’s 501(c)(6) tax status was revoked by the IRS on May 15, 2022. As of 2024, the organization remains active.


      References




      External links


      Official website
      "Bitcoin Foundation". Internal Revenue Service filings. ProPublica Nonprofit Explorer.

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    Bitcoin Foundation elections | Bitcoinist.com

    Bitcoin Foundation elections | Bitcoinist.com

    Foundation Spotlight: Bitcoin Foundation | Blockchain Industry Group (BIG)

    Foundation Spotlight: Bitcoin Foundation | Blockchain Industry Group (BIG)

    Bitcoin Foundation - Wikipedia

    Bitcoin Foundation - Wikipedia

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    Latest News on Bitcoin Foundation | Cointelegraph

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    Bitcoin Foundation | CryptoSlate

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    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

    The Bitcoin Foundation | BitMEX Blog

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    Bitcoin Foundation

    The Bitcoin Foundation engages governments around the world in open dialogs regarding the benefits of Bitcoin, assists in providing information for pro-Bitcoin legislation, and actively advocates for the prevention of negative regulation.

    Bitcoin Foundation - Wikipedia

    The Bitcoin Foundation is an American organization that was formerly a nonprofit corporation. [3] [1] It was founded in September 2012 in an effort to restore the reputation of Bitcoin after several scandals, and to try to promote its development and uptake. [4]

    Bitcoin - Open source P2P money

    Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

    Bitcoin Foundation

    The Bitcoin Foundation supports all of the innovative efforts happening on and around Bitcoin.

    About bitcoin.org

    Bitcoin.org is dedicated to help Bitcoin to develop in a sustainable way. Who owns bitcoin.org? Bitcoin.org was originally registered and owned by Bitcoin's first two developers, Satoshi Nakamoto and Martti Malmi.

    Bitcoin could see $500K in 2025, predicts Foundation Devices CEO

    4 days ago · Bitcoin could hit $500,000 by the end of 2025, with $700K to $800K possible, according to Foundation Devices CEO Zack Herbert, who warns of a potential 30% pullback to $350K.

    Bitcoin’s Journey: 16 Milestones That Changed Finance Forever

    Jan 3, 2025 · From the mysterious registration of Bitcoin.org in 2008 to breaking $100,000 in 2024, Bitcoin's journey represents a radical transformation in how we think about money, technology, and financial freedom. ... This nine-page document became the foundation for modern cryptocurrency, outlining solutions to long-standing problems in digital currency ...

    Bitcoin Foundation - CoinDesk

    May 20, 2020 · The Bitcoin Foundation is a nonprofit organization based in Washington, D.C., that was founded in 2012 to change the public perception that bitcoin is associated with fraud and criminality.

    Bitcoin Foundation - bitcoinwiki.org

    The Bitcoin Foundation is an American nonprofit corporation. It was founded in September 2012 with the stated mission to “standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide.”

    Jul 18, 2013 · The Foundation intends to file amicus curiae Briefs in decisive bitcoin-related legal cases and offer pro bono legal defense. Amicus curiae (Latin: “friend of the court”) briefs are filed with the court by someone who is not a party to the court case.