Crypto Miner Core Scientific Downsizing After $840M Impairment Charge

Produced 3,365 bitcoin in the quarter, a 4% drop from the prior quarter Shares of CORZ have clawed back some of the year’s losses over the past month Core Scientific (CORZ) reduced its headcount by 10...

Tether’s $840M Celsius loan liquidation poses legal troubles

Tether’s (USDT) liquidation of the $840 million loan it gave to Celsius could be under scrutiny under bankruptcy law to determine if the process was valid, the Financial Times reported July 26. The st...