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3232Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
https://www.digit.info/unredacted-financial-documents-show-blockfis-1-2-billion-connection-with-ftx-alameda-research/
Wed, 25 Jan 2023 19:04:50 +0000https://www.digit.info/2023/01/25/unredacted-financial-documents-show-blockfis-1-2-billion-connection-with-ftx-alameda-research/Read more]]>Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2 […]
]]>Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
https://www.digit.info/core-scientific-files-for-bankruptcy-protection-firm-plans-to-continue-mining-bitcoin-to-pay-down-debt/
Wed, 21 Dec 2022 15:30:33 +0000https://www.digit.info/2022/12/21/core-scientific-files-for-bankruptcy-protection-firm-plans-to-continue-mining-bitcoin-to-pay-down-debt/Read more]]>On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter […]
]]>New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature
https://www.digit.info/new-york-bill-that-aims-to-establish-a-bitcoin-mining-moratorium-awaits-governor-hochuls-signature/
Fri, 03 Jun 2022 17:50:43 +0000https://www.digit.info/2022/06/03/new-york-bill-that-aims-to-establish-a-bitcoin-mining-moratorium-awaits-governor-hochuls-signature/Read more]]>The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be […]
]]>A DAO Is Attempting to Raise $4 Billion to Purchase the Denver Broncos
https://www.digit.info/a-dao-is-attempting-to-raise-4-billion-to-purchase-the-denver-broncos/
Mon, 21 Feb 2022 19:00:08 +0000https://www.digit.info/2022/02/21/a-dao-is-attempting-to-raise-4-billion-to-purchase-the-denver-broncos/Read more]]>A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the Denver Broncos Franchise A […]
]]>Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
https://www.digit.info/report-says-western-union-could-lose-400m-if-el-salvadors-chivo-bitcoin-wallet-gains-traction-tim-berners-lee-weighs-in/
Fri, 10 Sep 2021 05:30:18 +0000https://www.digit.info/2021/09/10/report-says-western-union-could-lose-400m-if-el-salvadors-chivo-bitcoin-wallet-gains-traction-tim-berners-lee-weighs-in/Read more]]>The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2 […]
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter […]
The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be […]
A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the Denver Broncos Franchise A […]
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]