Giga Watt Declares Bankruptcy
CoinDesk Podcast Network
English - November 21, 2018 21:30 - 6 minutes - 6.4 MB - ★★★★★ - 39 ratingsBusiness News News Technology defi digitalassets business news business tokenization cryptocurrency coindesk decentralization distributed ledger crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The U.S-based crypto mining firm Giga Watt filed for chapter 11 bankruptcy this past Monday, but it still owes creditors some $7 million.Insurance coverage in the crypto space totals about $6 billion, a mere drop in the bucket for a market cap of $140 billion.Six days after the bitcoin cash hard fork, it appears that the chains will be permanently split.Silvergate Bank has 483 crypto startups as its clients, according to a filing it made as part of an initial public offering.
Late Confirmation is a CoinDesk production.
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