The U.S-based crypto mining firm Giga Watt filed for chapter 11 bankruptcy this past Monday, but it still owes creditors some $7 million.Insurance coverage in the crypto space totals about $6 billion, a mere drop in the bucket for a market cap of $140 billion.Six days after the bitcoin cash hard fork, it appears that the chains will be permanently split.Silvergate Bank has 483 crypto startups as its clients, according to a filing it made as part of an initial public offering.Late Confirmation is a CoinDesk production.For more information, visit www.CoinDesk.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.