New York Backs Bitcoin (BTC), Opens Blockchain Center

Bitcoin (BTC), Blockchain, Cryptocurrency–Despite falling coin prices which characterized most of 2018, the city of New York has not shied away from its support for Bitcoin and the underlying technology for cryptocurrency.

Even in the midst of a bear market, with Bitcoin slipping below $4,000 and falling 70 percent from it’s all time high in December 2017, investors have reason to rally on news that New York City went through with the opening of its Blockchain Center on Thursday, Jan 10. While most industry enthusiasts would prefer more heartening news out of the world financial capital, New York has taken the plunge on cryptocurrency by endorsing blockchain and doing its part to promote innovation in the space–a technology they hope will bleed over into the realm of banking and fintech.

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