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This appears to be a proactive sign of confidence from the city of New York, but it may also act as a lead behind which other progressive regions can follow. For the Australian ecosystem, this reaffirms the value of government support in fertilizing early-stage growth and community consolidation. By investing in both improving awareness and encouraging innovative cross-pollination, the Australian government can support the upward momentum of the blockchain industry, which it took a small step towards earlier this month.

2) Institutional investors are preparing to enter the industry

Two of the industry’s largest companies announced new product lines designed specifically for institutional investors. Coinbase, one of the largest cryptocurrency exchanges, released a new suite of offeringstargeted at institutional investors including a custody storage solution, a trading platform and a market making facility


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