In today’s edition of The Daily, we feature a couple of stories that show how, despite the current downturn in the cryptocurrency markets, different locations in the U.S. are competing to attract the industry. We also cover a new bitcoin investment trust application with the SEC and a rebranding of a crypto exchange.
Also Read: Bitwise Asset Management Files With SEC for New Bitcoin ETF
NYC to Launch Blockchain Center
The New York City Economic Development Corporation has announced it has selected FuturePerfect Labs and Global Blockchain Business Council Future to launch and operate the NYC Blockchain Center meant to help foster the continued growth of the local industry.
The center will be located in the Chelsea neighborhood where it will provide entrepreneurs with a working shared space, business support, and access to mentors. It will also provide access to public education resources about blockchain technology to all New Yorkers. Additionally, the center is said to bring together industry, government, investors, innovators and academia to discuss how the city can foster a regulatory environment that will support both consumer safety and innovation in blockchain.
“We are seeing increasing startup activity amongst our students in the blockchain and crypto sectors across NYU. We are excited about the addition of the NYC Blockchain Center to the NYC tech ecosystem and look forward to collaborating,” commented Frank Rimalovski, Executive Director at NYU Entrepreneurial Institute.
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