Genesis Trading moves crypto worth millions amid bankruptcy
In the wake of its Chapter 11 bankruptcy protection filing, Genesis Trading has transferred crypto assets including ETH, USDT, and USDC worth millions to other crypto exchanges. PeckShieldAlert, a blockchain security platform, revealed several million in crypto assets moved by Genesis Trading in a tweet on January 20. From its OTC Desk, Genesis Trading sent […]
Core Scientific reportedly files for Chapter 11 bankruptcy
Bitcoin mining company Core Scientific, which recently received a financing offer from B.Riley has reportedly filed for Chapter 11 bankruptcy in Texas due to declining sales and BTC price. Financial services company B. Riley proposed financing Core Scientific with $72 million on December 14 — $42 million with no restrictions and $32 million with them […]