Giga Watt Declares Bankruptcy

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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