Posted by AGORACOM-JC
at 9:03 AM on Thursday, January 17th, 2019
SPONSOR: New Age Metals Inc.
(TSX-V: NAM) The company’s new Lithium Division has already made
significant acquisitions in Canada and the USA. The company also owns
one of North America’s largest primary platinum group metals deposit in
Sudbury, Canada. Learn More.
NAM: TSX-V ——————————-
Palladium scaled a new peak on Thursday, driven by a deficit in the auto-catalyst metal and robust demand, while gold held firm on concerns surrounding a U.S. government logjam and Brexit.
Spot palladium had jumped 3.53 percent to $1,407 per ounce as of 8:08 a.m. ET, hitting an all-time high, and rising more than 10 percent so far this month.
“Any new high in the market is triggering additional buying … It is
a good old-fashioned squeeze driven by tight fundamentals, strong
momentum and low liquidity,†Saxo Bank analyst Ole Hansen said.
The price of palladium, used mainly in emissions-reducing catalysts
for vehicles, has leapt more than 60 percent since hitting a trough in
mid-August. The metal overtook gold in price terms for the first time in
16 years late last year.
Meanwhile, holdings in palladium exchange-traded funds (ETFs) tracked
by Reuters have nearly halved from January last year as prices rose.
“There is not sufficient supply in the market, so people are
purchasing metals from the ETFs,†said Samson Li, a Hong Kong-based
precious metals analyst at Refinitiv GFMS.
Spot gold fell 0.04 percent at $1,292.92 per ounce and U.S. gold futures were down 0.1 percent at $1,292.50.
“Gold is looking for the next short-term stimulus … On the next
occasion we see a sustained equity market pull-back, you’re likely to
see a movement above $1,300,†Capital Economics analyst Ross Strachan
said.
Spot gold is about to exit a neutral range of $1,285-$1,299, and
either rise to $1,311 or drop towards $1,268, according to Reuters
technical analyst Wang Tao.
Gold remains supported by a variety of factors, including a prolonged
partial U.S. government shutdown, a possible pause in the U.S. Federal
Reserve’s rate hike cycle, and concerns surrounding Brexit, analysts
said.
In other metals, platinum fell 0.06 percent to $804 an ounce, while silver dropped 0.4 percent to $15.53.
Tags: palladium, PGM, tsx Posted in New Age Metals | Comments Off on New Age Metals Inc. $NAM.ca – #Palladium surges to new record on tight fundamentals $WG.ca $XTM.ca $WM.ca $PDL.ca
Posted by AGORACOM-JC
at 8:34 AM on Thursday, January 17th, 2019
Signed an arm’s length agreement which provides for the acquisition by Star of a majority position in SOLUTIONS ISONEO INC. (“ISONEOâ€), currently a wholly-owned FGD subsidiary located in Montreal.
No finder’s fees were paid. STAR will undertake full operational management of the company, to be renamed STAR-ISONEO Inc.
ISONEO
is a specialised software subsidiary of FGD, developing complex
solutions in engineering, simulation and development for Canadian
customers. ISONEO was already working closely with Star in the
development of Stars’ MEDEVAC (STAR-ISAMM™ and STAR- LSAMM™)
applications of the patented STAR-A.D.S. ® technology, and on Star’s
current R&D program with Bombardier.
Artal
Technologies specializes in onboard real-time systems, data simulation
and processing and model-based engineering. Magellium specializes in
earth observation, GIS and geo intelligence and has expert knowledge of
image processing and related services.
Going
forward, STAR-ISONEO Inc. will benefit from the combined strengths of
both Artal, Magellium and Star, exploring and undertaking new R&D
projects related to the business of the two groups. It will develop new
applications directed towards both Canadian and North American OEMs. In
addition, STAR-ISONEO will market the Artal-Magellium capabilities, in
engineering and in sensors and image processing, towards the Canadian
market.
Mr. Jean-Louis Larmor, VP-Corporate Development and proposed President of STAR-ISONEO said:
‘The
possibilities offered by this operation strengthen the capabilities of
both companies and widen our audience, starting with Quebec and Canada
but also with France, where Artal will allow us to have a ‘footprint’
for promoting our solutions’
The financial terms of the acquisition are not considered material by the Company.
About Star Navigation: Star
Navigation Systems Group Ltd. owns the exclusive worldwide license to
its proprietary, patented In-flight Safety Monitoring System,
STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time
capability of tracking performance trends and predicting
incident-occurrence enhances aviation safety and improves fleet
management while reducing costs for the operator.
Star’s
MMI Division designs and manufactures high performance, mission
critical, flight deck flat panel displays for defence and commercial
aviation industries worldwide.
Certain
statements contained in this News Release constitute forward-looking
statements. When used in this document, the words “may”, “would”,
“could”, “will” and similar expressions, as they relate to Star or its
management are intended to identify forward-looking statements. Such
statements reflect Star’s current views with respect to future events
and are subject to certain risks, uncertainties and assumptions. Many
factors could cause Star’s actual performance or achievements to vary
from those described herein. Should one or more of these factors or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Star does not assume any
obligation to update these forward-looking statements, except as
required by law.
Neither
Canadian Securities Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of the
content of this release.
Posted by AGORACOM-JC
at 4:08 PM on Tuesday, January 15th, 2019
SPONSOR: Esports Entertainment $GMBL Esports audience is 350M, growing to 590M, Esports wagering is projected at $23 BILLION by 2020. The company has launched VIE.gg esports betting platform and has accelerated affiliate marketing agreements with an additional 42 Esports teams, bringing total to 176 Esports teams. Click here for more information
—————-
Puma Enters Esports with Cloud9
Apparel brand Puma is set to become the official apparel and official game-day pants/shoes provider of the Cloud9 LCS team.
The deal only covers the 2019 Spring Split, but C9’s head of
partnerships indicated that the relationship has the potential to expand
in the future.
Puma will also provide women’s apparel for team managers.
Puma will announce its first major esports move today, an apparel deal with the tier-one team organization Cloud9 .
Under the deal, Puma becomes the official apparel and official game-day pants/shoes provider of the Cloud9 League of Legends Championship Series (LCS) team. The Puma logo will also appear on the breastplate of the team’s jersey, which are sold by We Are Nations via a league-wide apparel deal with Riot Games.
“This deal gives us ability to be a part of
more things our kids love, and that’s how our brand moves the culture
forward,†said Matt Shaw, team head, digital marketing for Puma.
“Cloud9 is really uniquely posed to help us do that.â€
The deal only covers the spring LCS season,
which kicks off Jan. 26, and it does not include any Puma product
available for retail. But both sides suggested the relationship will
expand. “There’s a lot of potential for growth on both sides, so we’re
ecstatic that this is only the beginning of the partnership,†said
Cloud9 head of partnerships Jordan Udko.
Terms were not disclosed. Cloud9 is one of esports’ most valuable and successful brands, with its League of Legends team becoming the first American team to make the global semifinals in 2018. Because the deal covers team managers too, Puma is providing women’s apparel as well.
Puma did a brand integration deal with the
video game Pro Evolution Soccer in 2014, but this is its first foray
into modern elite esports. Other apparel brands that have entered
esports recently include Champion with Team Dignitas and K-Swiss with Immortals.
Adult learners prefer university degrees, but short courses gaining popularity too
New Delhi: A certificate from a college is still the most important thing for Indian learners, but many in the country would now consider taking up short online courses too, according to data from a survey of more than 1,000 Indians by British multinational publishing and education firm Pearson.
One in three Indian learners would consider doing a university master’s degree in the next three years, but one in four learners would also consider taking up short courses, either free or paid, ..
Tags: education, tsx Posted in All Recent Posts, betterU Education Corp | Comments Off on Betteru Education Corp. $BTRU.ca – Adult learners prefer university degrees, but short courses gaining popularity too $ARCL $CPLA $BPI $FC.ca
Posted by AGORACOM-JC
at 12:08 PM on Tuesday, January 15th, 2019
The amended January 9, 2019 NI 43-101 Mineral Resource Estimate confirms that the River Valley Project has 2,867,000 Measured and Indicated PdEq ounces, with 1,059,000 PdEq ounces in Inferred at a 0.35 g/t and 2.0 g/t PdEq cut-off for open pit and underground respectively.
The amended and restated Mineral Resource Estimate presents a Mineral Resource that demonstrates reasonable prospects for eventual economic extraction.
The new pit constrained Mineral Resource will be more representative of the potentially economic portion of the Mineral Resource that will be disclosed in the upcoming 2019 Preliminary Economic Assessment (PEA).
River Valley is the largest undeveloped primary PGM Mineral Resource in North America. The Project has excellent infrastructure and is within 100 kilometres of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals.
The Project’s first economic study (Preliminary Economic Assessment) is slated to be completed on or before the end of Q2 2019.
January 15, 2019 / Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “The company is pleased to update our shareholders with the new amended May 2018 NI 43-101 Mineral Resource Estimate of the River Valley Platinum Group Metals (PGM) Project. As a result of a review by the British Columbia Securities Commission (“BCSC”) the Company is clarifying the Technical Report on its River Valley PGM Project filed on May 7, 2018. WSP Canada Inc. (WSP) under the supervision of Todd McCracken, P. Geo., completed the Mineral Resource estimation. Management believes this study has upgraded the open pit bulk mining potential of this project. The May 2018 Technical Report presented a global mineral inventory whereas the January 2019 Technical Report presents a pit constrained Mineral Resource that shows reasonable prospects for eventual economic extraction. Our objective is to complete the Project’s first economic study, a Preliminary Economic Assessment (PEA) on or before the end of Q2 2019. The second objective is to continue to explore and develop the entire 16 kilometres of mineralization throughout the contact zone (current established Mineral Resource) and test the new footwall discovery that has potential to extend throughout the overall Project.” (See Figure 1)
WSP Canada, under the supervision of
Todd McCracken, P. Geo (Manager-Mining at WSP Canada) has recently
amended the 2018 NI 43-101 Mineral Resource estimation of the River
Valley PGM Deposit in the Sudbury Mining District of Ontario, Canada. The
new Mineral Resource Estimate has incorporated all the past data,
geophysics, new drilling since 2015 and the River Valley Extension
(RVE), including the additional drilling in the new footwall discoveries
Pine Zone and T3.
The
results of the updated Mineral Resource Estimate are tabulated in Table 1
below (0.35 g/t PdEq open pit and 2.0 g.t PdEq underground cut-off).
This 43-101 Technical Report is available on SEDAR.
Table 1: Results from the amended NI 43-101 Mineral Resource Estimate.
Click Image To View Full Size
Class
PGM + Au (oz)
PdEq (oz)
PtEq (oz)
Measured
1,394,000
1,701,000
1,701,000
Indicated
983,000
1,166,000
1,166,000
Meas +Ind
2,377,000
2,867,000
2,867,000
Inferred
841,000
1,059,000
1,059,000
Notes:
1.CIM definition standards were followed for the Mineral Resource Estimate.
2.The 2018 Mineral Resource models used
Ordinary Kriging grade estimation within a three-dimensional block model
with mineralized zones defined by wireframed solids.
3.A base cut-off grade of 0.35 g/t PdEq
was used for reporting Mineral Resources in a constrained pit and 2.00
g/t PdEq was used for reporting the Mineral Resources under the pit.
6.Mineral Resources that are not Mineral Reserves do not have economic viability
7. The Inferred Mineral Resource in this
estimate has a lower level of confidence than that applied to an
Indicated Mineral Resource and must not be converted to a Mineral
Reserve. It is reasonably expected that the majority of the Inferred
Mineral Resource could be upgraded to an Indicated Mineral Resource with
continued exploration.
Click Image To View Full Size
Figure
1: The Yellow Band represents the footwall potential area of the River
Valley Deposit based on the results of the Pine Zone where footwall
mineralization was noted to extend 150 metres eastward from the Pine
Zone/ T3 main deposit. At present the only area that has confirmed
footwall mineralization is in the Pine Zone (defined from 2015 to 2017
drilling). Geophysics and exploration are in progress to test other
areas of the Deposit. Management’s specific focus is to outline a
sufficient potentially economic Mineral Resource in the northern portion
of the project, and subsequently develop a series of open pits (bulk
mining), crush,and concentrate on site, and ship the concentrates to Sudbury for metallurgical extraction.
CONFERENCES THIS QUARTER
In late January, our Chairman & CEO
Harry Barr is travelling to South Africa attending two 1-2-1 style
conferences with over 25 pre-booked meetings with mine finance
companies, major mine companies, institutions, stock brokers, and high
net worth individuals.
OPT-IN LIST
If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.
ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project)
in the Sudbury Mining District of Northern Ontario (100 km east of
Sudbury, Ontario). See results from the most recent NI 43-101 Mineral
Resource update above in Table 1. NAM management and consultants are
currently designing a complete drill program to be executed in 2019 for
the River Valley Project. This plan will consider previously proposed
drill parameters and will be based on the most recent geophysical
assessment and consultant expertise. The projects first economic study, a
Preliminary Economic Assessment (PEA) is underway and is being overseen
by Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM’s directors. See
the most recent press releases for the River Valley Project PEA which
details the appointment of P&E Mining Consultants Inc. and DRA
Americas to jointly conduct the study, dated July 25, 2018 and August 1, 2018 respectively. Our new Fall Chairman’s message can be accessed at our website (www.newagemetals.com) .
On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018,
NAM announced the right to purchase 100% of the Genesis PGM Project,
NAM’s first Alaskan PGM acquisition related to the April 4th
agreement. The Genesis PGM Project is a road accessible, under
explored, highly prospective, multi-prospect drill ready Palladium (Pd)-
Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A
comprehensive report on previous exploration and future phases of work
was completed by Avalon Development of Fairbanks Alaska in August 2018
on Genesis. A full sampling program will be conducted to continue
to outline additional mineralization along the 800-metre by 40-metre
mineralized zone
On August 29, the Avalon report was
submitted to NAM, management is actively seeking an option/joint-venture
partner for this road accessible PGM and Multiple Element Project using
the Prospector Generator business model.
QUALIFIED PERSON
The
contents contained herein that relate to Exploration Results or Mineral
Resources is based on information compiled, reviewed or prepared by Todd
McCracken, P.Geo. an employee of WSP and independent of New Age Metals.
Mr. McCracken is the Qualified Person as defined by National Instrument
43-101 and approves the content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward
Looking Statements: This release contains forward-looking statements
that involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on current
expectations or beliefs. For this purpose, statements of historical
fact may be deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company uses
words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”,
“confident”, “intend”, “strategy”, “plan”, “will”, “estimate”,
“project”, “goal”, “target”, “prospects”, “optimistic” or similar
expressions. These statements by their nature involve risks and
uncertainties, and actual results may differ materially depending on a
variety of important factors, including, among others, the Company’s
ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed,
and other factors as may be discussed in the documents filed by the
Company on SEDAR (www.sedar.com), including the most recent reports that
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts’
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Investors should not place undue reliance on forward-looking statements.
Tags: PGM, stocks, tsx Posted in All Recent Posts, Lithium, New Age Metals | Comments Off on New Age Metals $NAM.ca Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces in the Inferred Classification River Valley #Platinum Group Metal Deposit, Sudbury, Ontario #Palladium #PGM
Posted by AGORACOM-JC
at 12:28 PM on Monday, January 14th, 2019
SPONSOR: Good Life Networks (GOOD:TSX-V)
Video advertising is the future! Company’s A.I. makes 80,000
calculations / second, targeting 750 million users to deliver higher
prices and volume. Revenue was $10,000,650 for the nine months ended
September 30th, 2018, a 142% increase from $4,133,231 reported for the
six months ended September 30th, 2017. Click here for more information.
GOOD: TSX-V
—————————
In Europe, Programmatic Ad Spending Grows by Double Digits
Estimated that programmatic ad spending in France reached €1.04 billion ($1.18 billion) in 2018.
In 2019, investment in programmatic ads is predicted to approach €1.22 billion ($1.38 billion).
Programmatic advertising—defined as the use of automation in the
buying, selling or fulfillment of digital display advertising—now
accounts for the majority of digital display spending in France, Germany
and the UK, following the trend that we’ve seen in the US.
Here’s what programmatic ad spending looks like in each country, with forecasts through 2020.
France
We estimate that programmatic ad spending in France reached €1.04
billion ($1.18 billion) in 2018. In 2019, investment in programmatic ads
is predicted to approach €1.22 billion ($1.38 billion).
Historically, real-time bidding (RTB) has dominated France’s
programmatic market, but it is gradually losing share. Together, open
auctions and private marketplace (PMP) deals made up 51.0% of all
programmatic spending in 2018, but RTB will account for just 48.5% in
2019. The rise of social media display advertising, typically bought via
programmatic direct deals, will remain a key factor.
Germany
In 2018, programmatic advertising accounted for 70.0% of digital
display ad spending in Germany, and outlays on programmatic ads will
rise more than 15% in 2019. The advent of the EU’s General Data
Protection Regulation (GDPR) somewhat depressed spend in mid-2018, but
may not have long-term negative effects.
RTB in Germany (again, including open auctions and PMP deals) will
account for 51.0% of the programmatic total in 2019, compared with
programmatic direct’s 49.0%. Spending on social media advertising will
continue to boost outlays in direct here as well.
UK
Nearly nine in 10 digital display ad dollars will be spent on
programmatic inventory in the UK this year. Despite uncertainties around
the effects of GDPR and Brexit, programmatic’s march continues
unabated.
In the UK, RTB is losing share as a desire for greater control over
programmatic spending has led to a skew toward programmatic direct
trades. And within RTB spending, PMP trades are gaining ground. Open
exchanges will persist and register growth, but not as quickly as those
more controlled environments. Indeed, in 2020, we’ll see PMP spend
overtake open exchange spend for the first time.
For an in-depth look at programmatic buying in France, Germany and
the UK, eMarketer subscribers can access each country’s report now.
Posted by AGORACOM-JC
at 10:12 AM on Monday, January 14th, 2019
SPONSOR: Tartisan Nickel (TN:CSE) The company’s Kenbridge Property
has a measured and indicated resource of 7.14 million tonnes at 0.62%
nickel, 0.33% copper. Tartisan also has interests in Peru, including a
20 percent equity stake in Eloro Resources and 2 percent NSR in their La
Victoria property. Click her for more information
TN:CSE
———————
Investors bet on nickel prices and nickel stocks to rally in 2019
Class 1 nickel demand forecast to increase 17 fold from 2017 to 2025 due to the EV boom
According to McKinsey research if annual electric vehicle (EV) production reaches 31 million vehicles by 2025 as expected then demand for high-purity class 1 nickel is likely to increase significantly from 33 Kt in 2017 to 570 Kt in 2025
Use of nickel has been traced as far back as 3,500 BC. In more recent
times nickel has been used in coins (a nickel), but is best known for
its use in stainless steel driven mostly by Chinese construction. With
the current negative sentiment due to the US-China trade war and some
mild slowdown in China, nickel prices have fallen to a low level, as
have the nickel miners. Provided we don’t head into a significant China
or global slowdown, any resolution in the trade war with China should
lead to some recovery in nickel prices and the nickel miner’s stock
prices.
Class 1 nickel demand forecast to increase 17 fold from 2017 to 2025 due to the EV boom
According to McKinsey research if annual electric vehicle (EV)
production reaches 31 million vehicles by 2025 as expected then demand
for high-purity class 1 nickel is likely to increase significantly from
33 Kt in 2017 to 570 Kt in 2025. Class 1 nickel is the “high purityâ€
nickel that is used in electric vehicle lithium ion batteries. The
stainless steel industry uses both class 1 and class 2 nickel (lower
purity) and is the main driver of overall nickel demand.
McKinsey also states that “a shortfall in class 1 nickel production
seems increasingly likely as current low nickel prices do not support
class 1 nickel capacity expansions and alternative strategies, as a
result, not only will nickel prices likely need to move towards
incentive pricing but the future pricing mechanism is likely to reflect
two distinct nickel products: class 1 and class 2. At the same time we
expect to see two distinct nickel price mechanisms emerge reflecting two
distinct commodities: class 2 nickel, primarily for use in stainless
steel production, trading at a lower price that reflects its abundant
supply; and class 1 nickel trading at LME prices – or above for high-end
nickel powders and pellets used to make nickel sulfates – reflecting
required incentive prices.â€
The key to understand here is that the nickel sulfide ore miners have
a distinct cost advantage when producing the nickel sulfate required
for EV batteries, and demand for class 1 (high purity) nickel is set to
skyrocket.
Posted by AGORACOM-JC
at 5:42 PM on Sunday, January 13th, 2019
It is undeniable. It is here and we haven’t seen anything yet.
The world of online gaming and esports is no longer the domain of basement dwellers – and it hasn’t been in years – but mainstream finance people are only now coming to that realization.
Posted by AGORACOM-JC
at 4:03 PM on Friday, January 11th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————–
The New York City Economic Development Corporation’s (EDC) new Blockchain Center opened Thursday, and intends to begin testing the tech’s use cases next fall, Bloomberg reported Thursday.Â
The center is part of a partnership with the venture capital fund Future\Perfect Ventures and the Global Blockchain Business Council trade organization.
New York City may begin testing blockchain technology for various use cases later this year.
The New York City Economic Development Corporation’s (EDC) new
Blockchain Center opened Thursday, and intends to begin testing the
tech’s use cases next fall, Bloomberg reported Thursday. The
center is part of a partnership with the venture capital fund
Future\Perfect Ventures and the Global Blockchain Business Council trade
organization.
It is unclear at this time which areas these use cases may cover. The EDC
is a non-profit corporation which aims to support economic growth
within the city. It acts as New York’s official economic development
corporation.
New York City itself has contributed $100,000 to the new Blockchain
Center, and the facility will continue to raise funds through corporate
partnerships and membership dues.
Microsoft Corporation and IBM have already partnered with the center,
Future\Perfect Ventures managing partner Jalak Jobanputra told
Bloomberg.
The new center, based in the Flatiron District, will offer classes on
coding and host lectures aimed at both developers in the space and the
general public.
The move comes as a number of crypto startups began laying off
employees due to an ongoing bear market, but this is not necessarily a
concern for the center.
Ana Arino, chief strategy officer with the EDC, told Bloomberg that the center was “playing the long game,†adding:
“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.â€
A number of companies are beginning to set up shop within New York, including Coinbase, which opened a new office in the city last fall. Canaan, a maker of bitcoin mining hardware, is also reportedly considering launching an initial public offering in the city.
The EDC did not respond to a request for comment by press time.
