2019-1-16 13:10 |
Bankrupt bitcoin mining firm Giga Watt has said it's shutting down operations after its power was cut and facility access was blocked.
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Angelina Kwan, former managing director and head of regulatory compliance for Hong Kong Exchange and Clearing, is taking on the position of COO of BitMEX, one of the largest cryptocurrency exchanges in the world, at a time when the challenges facing these exchanges are greater than ever.
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Creditors of Mt. Gox, the defunct cryptocurrency exchange, can now start submitting proofs of claim in a newly approved rehabilitation process, according to an update posted on the exchange’s website.
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Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised court filing.
Giga Watt recently filed for bankruptcy in a Washington court, declaring that it had under $50,000 in assets, with debt worth millions of dollars. Millions of Dollars in Debt According to iFiberOne, U.
Miners have been decimated by the market downturn. In response, miners have started decommissioning hardware, mothballing rigs, and even selling hardware by the pound. Bitcoin and cryptocurrency proof-of-work (PoW) mining is a controversial topic.
U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.