Miner profitability falls to record lows — Blocksbridge
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues.
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Report: Chinese Guangzhou Gov’t Unveils $140M Blockchain Subsidy Fund
The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives.The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according to a tweet of a senior exec at crypto investment holding firm Primitive Ventures.“No-coin” public chainsCiting a…

Major Car Companies Get Creative Before Next Crypto Bull Run
Luxury car company Rolls Royce announced a line of cars hosting blockchain puzzles, shortly after Lamborghini revealed a yacht. 890 Total views 14 Total shares Crypto and blockchain experts now have something new to save up for — a line of techie-style Rolls Royce cars, each complete with a cryptographic puzzle. As crypto prices pop…

BitGo expands crypto insurance to cover over $700M
Institutional clients have shown strong demand for airtight and insured custody options. 2793 Total views 22 Total shares Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million.BitGo debuted its crypto insurance program through global insurance and reinsurance market Lloyd’s of London in 2019. This enabled…

NFT sales down 44%, Logan Paul sues Coffeezilla: Nifty Newsletter
Logan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, “maliciously and repeatedly” made false statements about his NFT project CryptoZoo.

Meta may introduce tokens and digital currency lending services to apps: Report
The virtual currency, which employees have reportedly dubbed ‘Zuck Bucks’, will be aimed at use in the metaverse. 158 Total views 2 Total shares Social media giant Facebook’s parent company Meta is reportedly planning to introduce virtual currency named after CEO Mark Zuckerberg as well as lending services to apps it owns, which may include…

Why is the crypto market up today?
The crypto market is up today as crypto traders anticipate a Trump victory in November following a failed assassination attempt on the former president.

Thai bank’s venture arm invests in institutional crypto custodian Anchorage
SCB 10X, the venture arm of Thailand's oldest bank, is participating in an $80 million Series C fundraising round for institutional crypto custodian and digital asset platform Anchorage. 3089 Total views 13 Total shares Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million fund dedicated…

Analyst PlanB: Weak Dollar Can Upend Bitcoin Stock-to-Flow Model
The creator of the highly popular Stock-to-Flow model for forecasting the Bitcoin (BTC) price says he would be happy if it stays valid for the next 12 years.PlanB: Stock-to-Flow not until 2140In a Twitter exchange beginning on Nov. 1, the account known as PlanB said the tool, which has proven to be extremely accurate, was…