Cryptocurrencies
New York Sticks With Crypto, Opening Blockchain Center Amid Rout
- Economic Development Corporation sets up Silicon Alley venture
- Site to partner on software development classes, events
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New York isn’t giving up on the digital-ledger technology that makes Bitcoin and other tokens work even after last year’s collapse of the cryptocurrency market.
The New York City Economic Development Corporation said its Blockchain Center in Manhattan will open Thursday a part of a partnership with affiliates of venture-capital fund Future\Perfect Ventures and the Global Blockchain Business Council, a trade organization. The city may also start testing the use of blockchain technology in the fall.