27 Jan '15, 4pm

Bitcoin Mining Firm CoinTerra Files for Chapter 7 Bankruptcy

Bitcoin Mining Firm CoinTerra Files for Chapter 7 Bankruptcy

Bitcoin mining company CoinTerra has filed for bankruptcy. CoinTerra has between $10m and $50m in assets, with liabilities within the same range, according to court documents. The firm has filed for Chapter 7 bankruptcy protection, meaning it is likely to liquidate all assets in its bid to repay secured creditors. CoinTerra stated that it would be unable to repay unsecured investors and named hundreds of creditors in its filing, which was submitted on 24th January. The move comes soon after CoinTerra became the target of a lawsuit launched by C7 Data Centers, a data center colocation services provider based in Utah. C7 is seeking repayment on roughly $1.4m in unpaid service fees, as well as nearly $4m in damages. Indications that the company was experiencing debt problems first emerged earlier this month . C7 is among those named in an extensive list of creditors, which in...

Full article: http://www.coindesk.com/bitcoin-mining-firm-cointerra-fil...

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Report: Bitcoin Mining Firm CoinTerra Files for...

datacenterknowledge.com 28 Jan '15, 9pm

CoinTerra , Austin-based vendor of bitcoin mining servers and provider of hosting services for mining equipment, has filed...

BitFury Exploring Options in Bitcoin Cloud Mining Market

BitFury Exploring Options in Bitcoin Cloud Mini...

coindesk.com 28 Jan '15, 11pm

Bitcoin mining company BitFury is looking to enter the cloud mining market. BitFury has given no indication as to when its...

Bitcoin Daily Digest: Silk Road Trial, ISIS, Cointerra Bankruptcy and more:

Bitcoin Daily Digest: Silk Road Trial, ISIS, Co...

cointelegraph.com 30 Jan '15, 1pm

The Silk Road trial continues, with Ross Ulbricht accused of turning to violence to silence a whistle-blower. The third we...

DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing

DigitalBTC Dissolves Bitcoin Mining Agreement w...

coindesk.com 30 Jan '15, 1pm

Australian bitcoin company digitalBTC has dissolved a supply agreement with cloud mining service CloudHashing. Under the a...

Bitcoin Mining Firm KnCMiner Raises Further $15...

coindesk.com 03 Feb '15, 12pm

Bitcoin mining company KnCMiner has raised $15m in Series B funding. Led by international venture capital fund Accel Partn...

[News - Mothership] The Online Citizen website issues apology to law firm

[News - Mothership] The Online Citizen website ...

mothership.sg 26 Jan '15, 5am

Singapore’s citizen-run website The Online Citizen has issued an apology to law firm Wong & Leow LLC on Jan. 26, 2015. Thi...

Cloud #Mining Suffers as Hash Rate Plateaus #Bi...

devbattles.com 25 Jan '15, 6pm

The latest bitcoin price crash has started a new debate on the long-term viability of many aspects of the mining industry....

Using HID Tricks to Drop Malicious Files

Using HID Tricks to Drop Malicious Files

hackaday.com 27 Jan '15, 3pm

[Nikhil] has been experimenting with human interface devices (HID) in relation to security . We’ve seen in the past how HI...