• bitcoin

    Bitcoin (BTC)

    $ 3,546.91 0.33%
  • ethereum

    Ethereum (ETH)

    $ 115.81 1.53%
  • ripple

    XRP (XRP)

    $ 0.314257 0.45%
  • bitcoin-cash

    Bitcoin Cash (BCH)

    $ 128.10 0.02%
  • eos

    EOS (EOS)

    $ 2.41 0.42%

Blockchain

‘We are playing the long game:’ New York sticks with plan to open Blockchain Center

New York is sticking with plans to open a center for crypto and blockchain technology. The so-called Blockchain Center, which opens during a difficult time for crypto asset prices and companies in the market, is based in Manhattan and will collaborate with venture capital investors and other firms on blockchain initiatives, according to a Bloomberg News report. It opens Thursday. 

“We are playing the long game,” Ana Arino, chief strategy officer at the EDC, said in a phone interview with Bloomberg's crypto watcher Olga Kharif. “It’s a nascent technology, so there’s bound to be uncertainty around this evolution from year to year. While we don’t know what the future holds, we want to make sure we have a seat at the table shaping it.”

New York City is funding the center with a one-time $100,000 investment. It will also fund itself through membership dues. It plans to offer coding classes to the public, according to Bloomberg.