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PlayIconNav
Crypto Prices CoinDesk Market Index
CoinDesk - Unknown
CoinDesk Podcast Network

Bitcoin Miner Core Scientific Files for Bankruptcy; Paxful Removes ETH From Platform

The most valuable crypto stories for Wednesday, Dec. 21, 2022.

December 21, 2022
Listen on:
Neha Narula
Director
Digital Currency Initiative
Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose."
Secure Your Seat
Neha Narula
Director
Digital Currency Initiative
Consensus 2023 Logo
Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose."
Secure Your Seat

This episode is sponsored by Bitstamp and the Galaxy Brains Podcast.

"The Hash" group discuss today's top stories, including another domino falling during crypto winter as bitcoin miner Core Scientific files for Chapter 11 bankruptcy protection. Plus, a creditor committee that includes crypto exchange Gemini has presented a plan to Genesis and Digital Currency Group (DCG) to “provide a path for the recovery of assets." DCG is the parent company of CoinDesk. And, Paxful CEO Ray Youssef announces ether's (ETH) removal from his marketplace.

See also:

Genesis, DCG Creditors Propose Plan to Resolve Liquidity Issues, Gemini Says

Peer-to-Peer Crypto Marketplace Paxful Removes ETH From Platform

Bitcoin Miner Core Scientific Files for Bankruptcy, Expects Support From Some Debt Holders

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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