The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills

The newspaper

In today's edition of the Daily, we present a couple of stories that show how, despite the current contraction of the cryptocurrency markets, several locations in the United States are competing to attract industry. We also cover a new bitcoin investment application with the SEC and a rebranding of an encrypted exchange.

Read also: Bitwise Asset Management Files with SEC for New Bitcoin ETF

NYC launches the Blockchain Center

<img class = "alignright size-medium wp-image-274548″ title=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/nyc-300×188.jpg” alt=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/ nyc -300×188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2019/01/nyc-768×480.jpg 768w, https://news.bitcoin.com/wp-content/uploads/ 2019 /01/nyc-1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2019/01/nyc-696×435.jpg 696w, https://news.bitcoin.com/wp- content /uploads/2019/01/nyc-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2019/01/nyc-1068×668.jpg 1068w, https: //news.bitcoin. com /wp-content/uploads/2019/01/nyc-672×420.jpg 672w "sizes =" (maximum width: 300px) 100vw, 300px”/>The New York City Economic Development Corporation has announced that it has selected Future Perfect Labs and Global Blockchain Business Council Future for the launch and operation of the New York Blockchain Center to foster the continued growth of the local sector.

The center will be located in the Chelsea district, where it will provide entrepreneurs with a shared working space, commercial support and access to mentors. It will also provide access to public education resources on blockchain technology for all New Yorkers. Furthermore, it is said that the center brings together industry, government, investors, innovators and academics to discuss how the city can promote a regulatory environment that will support both consumer safety and innovation in the blockchain.

"We are witnessing a growing start-up activity among our students in the blockchain and crypto sectors throughout New York University, we are excited about the addition of the New York Blockchain Center to the New York technology ecosystem and we will not see the time to collaborate, "commented Frank Rimalovski, executive director at the NYU Business Institute.

Wyoming promotes industry bills

<img class = "alignright size-medium wp-image-274540″ title=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/wyoming-goverment-300×188.jpg” alt=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/ wyoming -goverment-300×188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2019/01/wyoming-goverment-768×480.jpg 768w, https://news.bitcoin.com/wp- content /uploads/2019/01/wyoming-goverment-1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2019/01/wyoming-goverment-696×435.jpg 696w, https: // news .bitcoin.com / wp-content / uploads / 2019/01 / wyoming-goverment-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2019/01/wyoming-goverment-1068×668 . jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2019/01/wyoming-goverment-672×420.jpg 672w "sizes =" (maximum width: 300px) 100vw, 300px”/>The state of Wyoming is continuing to promote the creation of a local legal framework that is able to attract encrypted businesses. In recent days, members of the State Legislature have reported approving two new bills, a key part of the process of promulgating the law.

The Wyoming Token Act on property amendments is intended to legally establish that certain tokens are properly classified as intangible personal assets under the Wyoming law and therefore do not require exemption from securities laws. The Financial Technology Sandbox Act is designed to create a legal sandbox for testing financial products and services in Wyoming.

The bill notes that: "The state of Wyoming currently offers one of the best business environments in the United States for blockchains and innovators of financial technology and should offer a regulatory sandbox for these innovators to develop the next generation of technology products and services in Wyoming. "

<img class = "aligncenter size-full wp-image-274571″ title=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/wyotwit.jpg” alt=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills "width =" 529 "height =" 735 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/ wyotwit .jpg 529w, https://news.bitcoin.com/wp-content/uploads/2019/01/wyotwit-216×300.jpg 216w, https://news.bitcoin.com/wp-content/uploads/2019/ 01 /wyotwit-302×420.jpg 302w "sizes =" (maximum width: 529 px) 100vw, 529px”/>

New Bitcoin Investment Trust calls for SEC approval

<img class = "alignright size-medium wp-image-274555″ title=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/sec-300×188.jpg” alt=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/ sec -300×188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2019/01/sec-768×480.jpg 768w, https://news.bitcoin.com/wp-content/uploads/ 2019 /01/sec-1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2019/01/sec-696×435.jpg 696w, https://news.bitcoin.com/wp- content /uploads/2019/01/sec-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2019/01/sec-1068×668.jpg 1068w, https: //news.bitcoin. com /wp-content/uploads/2019/01/sec-672×420.jpg 672w "sizes =" (maximum width: 300px) 100vw, 300px”/>Wilshire Phoenix is ​​a New York investment management company that has partnered with Coinbase a few months ago to fund a $ 500 million fund to offer institutional investors exposure to digital assets.

On Friday, the company announced, as US sponsor Bitcoin and Treasury Investment Trust, that the trust filed a registration statement with the US Securities and Exchange Commission (SEC) on the initial public offering proposal of its ordinary shares.

According to the announcement, the purpose of this trust is to try to provide investors with exposure to Bitcoin in a way that is more efficient, convenient and less volatile than the purchase of stand-alone Bitcoins. The trust will only hold BTC, short-term duration, US Treasury bills and / or dollars, in proportions that seek to closely replicate the display of a personalized index to Bitcoin.

Change of HBUS Rebranded cryptocurrency as Huobi

<img class = "alignright size-medium wp-image-274557″ title=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/huobi-300×188.jpg” alt=”The Daily: NYC launches the Blockchain Center, Wyoming promotes industry bills "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/ huobi -300×188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2019/01/huobi-768×480.jpg 768w, https://news.bitcoin.com/wp-content/uploads/ 2019 /01/huobi-1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2019/01/huobi-696×435.jpg 696w, https://news.bitcoin.com/wp- content /uploads/2019/01/huobi-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2019/01/huobi-1068×668.jpg 1068w, https: //news.bitcoin. com /wp-content/uploads/2019/01/huobi-672×420.jpg 672w "sizes =" (maximum width: 300px) 100vw, 300px”/>The Huobi Group announced that HBUS, its American strategic partner launched in San Francisco last year, has licensed its brand and renamed the digital goods market under the name Huobi. "From the brand's point of view, it is simply logical to make sure that the Huobi name is present in the United States," said Leon Li, founder and CEO of the Huobi Group. "This transition will allow Huobi to extend its brand presence worldwide."

HBUS Holdco Inc. will continue to be the company that operates the US trading platform, but will migrate its trading platform on huobi.com, which will be open to US users. Huobi Global will continue to serve the international market under its own name on hbg.com.

"The name & # 39; Huobi & # 39; is a powerful brand in the world of digital goods, which represents reliability and security for over half a decade.The advanced partnership of HBUS with Huobi Group will also bring a reliable brand that will help HBUS increase trading, "said Frank Fu, CEO of HBUS. "By exploiting our exclusive partnership with Huobi Group in this way, we will be able to grow the Huobi brand together."

What do you think of today's news? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Check and track your bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. In addition, continue with your holdings, BCH and other coins, on our market rankings at Satoshi & # 39; s Pulse, another original and free Bitcoin.com service.