Giga Watt Declares Bankruptcy
Nov 21, 2018
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ABOUT
- 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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CoinDesk
CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.
We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.
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