American Banker has published an article written by CapLinked Co-founders Eric Jackson and Christopher Grey. The Article is entitled “What PayPal’s Past Means for Bitcoin’s Future” and is available to read on the American Banker Website.
An excerpt from the article:
“Fraud just claimed a major Bitcoin casualty. This week, Mt. Gox—the virtual exchange that once hosted 80% of the world’s Bitcoin trades—went offline, posting a statement that “a decision was taken to close all transactions for the time being in order to protect the site and our users.” A document that appears to be a leaked internal memo asserts that 744,408 Bitcoins are missing. If true, it means that a staggering 6% of all Bitcoins in circulation have been lost.”
CapLinked co-founder Eric Jackson was PayPal’s first senior director of U.S. marketing and author of The PayPal Wars.
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