The bear market blues continue to plague Bitcoin miners as Core Scientific reportedly files for Chapter 11 bankruptcy. (Reporting via forgeforth_)
at a competitive price. Since September, more than 125 parties have been contacted and 30 potential bidders have emerged. Celsius’ latest presentation, part of its bankruptcy proceedings, suggested that the company’s valuation stood at $2.6 billion as of Nov. 25. The company has
in its balance sheet. In other words, there is $5.5 billion owed to users versus only $4.3 billion in assets.For all the fear, uncertainty and doubt plaguing the cryptocurrency market, we can always rely on Visa for positive reinforcement. The crypto-friendly credit card giant recentlyto streamline digital asset payments. While still in the thought-experiment phase, Visa imagines an auto-pay feature enabling crypto users to pull funds directly from their Ethereum-powered self-custodial wallets.
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