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

The most valuable crypto stories for Wednesday, Dec. 21, 2022.
CoinDesk Podcast Network
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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.”

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