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Cuomo proposes a Chief Innovation Officer to lead NYC’s push into blockchain and AI, aiming to make the city a global crypto hub.Cuomo’s Tech Vision for New York CityChief Innovation Officer: Driving the Blockchain AgendaMaking NYC a Global Crypto Hub
Coinbase, Chainlink, Galaxy, and others to meet Senate Democrats Wednesday to discuss crypto market structure legislation.Crypto Leaders Head to Capitol HillShaping the Future of Crypto RegulationWhy This Meeting Matters
US spot Bitcoin ETFs saw $1.23B in outflows last week, the second-largest to date. Ethereum ETFs followed with $311.8M in outflows.Massive Capital Exit Hits Bitcoin and Ethereum ETFsInvestor Sentiment Shifting Amid Market UncertaintyWhat This Could Mean for the Market
Bitcoin continues to outshine traditional assets, offering unmatched value, security, and global potential.Bitcoin Stands Apart in the Modern Investment WorldA Hedge Against Inflation and UncertaintyThe Future Is Digital — and Bitcoin Leads the Way
- 11:23New York State Democrats propose to restrict proof-of-work miningForesight News: According to a report by Decrypt, on October 18, the New York State Assembly introduced Bill A9138, which is to be implemented in conjunction with the previous Senate version S8518. The bill proposes a tiered consumption tax on cryptocurrency mining companies that use the Proof of Work (PoW) mechanism, based on their electricity consumption. Companies consuming more than 2.25 million kilowatt-hours annually will be taxed, with rates ranging from $0.02 to $0.05 per kilowatt-hour. The revenue will be used for energy subsidy programs. Mining farms that use renewable energy and operate off-grid may be exempted. If passed, the bill will take effect in January 2027.
- 11:23Buidlpad: The community has contributed over $320 million to multiple successful token sales this yearForesight News reported that Buidlpad stated that since the beginning of this year, more than 30,000 verified users in the Buidlpad community have contributed over $320 millions to several successful token sales.
- 11:23Elon Musk: Floki Returns as CEO of XForesight News reported that Elon Musk posted a tweet with a photo showing his pet dog Floki wearing a black suit, sitting in the office chair, with the caption stating that Floki is back on the job as X CEO (Flōki is back on the job as X CEO).