Crypto lender Genesis Global Capital filed an amended Chapter 11 bankruptcy plan on Wednesday, Oct. 25, to resolve outstanding claims and interests of creditors. The amended plan results from extensive negotiations between Genesis, the Official Committee of Unsecured Creditors, crypto exchange Gemini, and the Ad Hoc Group of Genesis Lenders. While substantial agreement has been The post Genesis bankruptcy plan revised for orderly wind down and asset liquidation appeared first on CryptoSlate.

Like a phoenix rising from the ashes, Bitcoin has once again defied critics and bounced back from predictions of its demise. The leading cryptocurrency has faced hundreds of so-called “obituaries” declaring it dead or doomed to fail since its creation in 2009. Yet Bitcoin has shown longevity and resilience in the face of constant critiques. The post CNBC leads Bitcoin ‘obituaries’ declaring it dead 35 times as it rises 78% YoY appeared first on CryptoSlate.

Bitcoin (BTC) continues demonstrating its market resilience with a substantial uptick in its value over the past week. On a 24-hour cycle, Bitcoin’s value has grown by 10.38%, and over the last seven days, it has seen an impressive 20.42% increase. This surge, which brings the leading cryptocurrency’s price to $33,916 as of press time, The post Bitcoin jumps $4k in 4 hours as it touches $35k on BlackRock seeding anticipation appeared first on CryptoSlate.

California is taking steps to crack down on scams exploiting Bitcoin ATMs to defraud victims out of thousands of dollars. Starting in January, cryptocurrency ATM transactions will be limited to $1,000 per person per day in California under a new law signed by Gov. Gavin Newsom, according to a report in the Los Angeles Times. The post California to limit Bitcoin ATM transactions to $1,000 per day to combat fraud appeared first on CryptoSlate.

Chainlink’s native token, LINK, emerged as one of the top performers in the past week, surging 35% in value. This meteoric rise marked the highest weekly close for LINK in over 18 months. The asset broke through critical resistance levels, hitting highs not seen since May 2022. At its peak, LINK traded at around $11 The post Chainlink surges 35% in a week as over $100M LINK leaves exchanges appeared first on CryptoSlate.