Cryptocurrency News Round-Up: Dogecoin Documentary, Mt Gox Resignation, Jordan Warnings

The world of cryptocurrency never fails to keep you interested and this weekend was no different.

Overall the volatility in the bitcoin world due to the on-going Mt Gox debacle has seen most cryptocurrencies lose value in the last 24 hours.

The value of a bitcoin has taken a big hit, down more than 8% due to the uncertainty around the future of Mt Gox and the bitcoin stored there. Litecoin, peercoin and dogecoin - the next three most valuable mineable cryptocurrencies – have all drop between 6% and 10%.

The biggest climber over the last 24 hours has been mintcoin, which has seen its value rise by almost 150% which is likely due to it now being available to buy and sell on cryptocurrency exchange Cryptsy.

Mt Gox CEO Resigns from Bitcoin Foundation

The under-fire CEO of Mt Gox, Mark Karpeles has resigned from the Bitcoin Foundation, following weeks of trouble at what was once the world's biggest bitcoin exchange.

Karpeles resignation comes as another blow to the Foundation, a trade group promoting the adoption of the digital currency, which saw its vice-president Charlie Shrem resign last month after he was arrested on money-laundering charges.

Indeed, Shrem has spoken out in support of Karpeles on Reddit, claiming he spoke to the beleaguered CEO over the weekend and promised there was good news coming for people with bitcoin stuck in Mt Gox:

"This is actually good news. I applaud Mark and the Mt Gox team for making the right decision as I had to do the same. Speaking very lengthy to Mark and the team over the weekend, I see good news on the horizon for people who have funds stuck in Mt Gox"

Dogecoin Documentary

Dogecoin may have been in the news over the weekend for the wrong reasons, when it was discovered that a Harvard student was using one of the university's supercomputers to mine (or I should say dig) for dogecoin – but it was also seen in a much better light with the release of a documentary which focused on a recent dogecoin meet-up in New York.

The short film about the dogecoin meet-up is part of a larger documentary about cryptocurrencies and has been made by filmmaker Adam Cornelius.

The film focuses on the community which has grown up around dogecoin in the last three months and some of the people looking to use the meme-based cryptocurrency to buy and sell items from t-shirts to drinks.

Central Bank of Jordan Blocks Cryptocurrency

The Central Bank of Jordan (CBJ) has become the latest financial institution to issue a warning about cryptocurrencies - this week advising the public of the risks associated with the popular digital currency and blocking financial companies from using it.

"CBJ seeks to protect citizens and the investors, by warning them that virtual currencies are not legal tender and there is no obligation on any central bank in the world or any government to exchange its value for real money issued by them nor backed by underlying international commodities or gold."

The CBJ joins a growing list of financial institutions which have made similar decrees, becoming the third central bank in the Middle East to make such a pronouncement after Lebanon and Israel.