LMBO and REKT: Direxion debuts leveraged ETFs tracking crypto equities

The Berkeley Blockchain Xcelerator announced the selection of 17 startups for its third cohort, scheduled to take place in the spring of 2020. The accelerator is a joint venture between organizations on the California-based UC Berkeley campus.The venture, made up of the Sutardja Center for Entrepreneurship & Technology, Berkeley Engineering, the Berkeley Haas School of…

The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s decision, the days of experimentation with algorithmic stablecoins could finally be behind us.The decentralized stablecoin space has only proved effective with ETH, USDC and BTC backed…

Major Coinbase shareholders have sold over $14 million of stocks over the past 48 hours. 336 Total views 2 Total shares According to public trading data, Coinbase co-founder Fred Ehrsam and ARK Invest have sold more than $14 million of Coinbase shares over the past 48 hours.Information shared by Insider Tracker, a service that shares

Delaware-based Compass Mining offers U.S. citizens exposure to Bitcoin mining via its private infrastructure. 2179 Total views 58 Total shares American banking giant JPMorgan Chase has reportedly blocked all account activities of Compass Mining, a Bitcoin (BTC) mining company based out of Delaware. The information came to light when Compass Mining CEO Whit Gibbs announced:“Shoutout…

Macroeconomist Lyn Alden assesses the impact of the 2024 US presidential election outcome on Bitcoin and the broader crypto industry.

The regulatory agency asked crypto firms to adopt methods to ensure greater risk assessment for potentially problematic transactions. 74 Total views 2 Total shares In a letter published on Thursday, the New York State Department of Financial Services, or NYDFS, recommended that all virtual currency companies operating under New York banking law adopt blockchain analytics…

BTC price momentum started in October and helped the world’s top cryptocurrency make significant strides, gaining nearly $10,000 in the past month. The Bitcoin (BTC) price recorded a sharp correction on Dec. 11, dipping 7% and wiping out the gains of the past seven days. The strong price correction pushed BTC to a four-month low of $41,329.A

The halcyon days of state subsidized electricity are over. Officials from Inner Mongolia are mulling an electrical policy that would prevent cryptocurrency miners from using inexpensive, state-subsidized electricity.Per the Inner Mongolia Electric Power Group Co, the region expects to recover around 6.732 billion yuan ($977 million) in taxes and fees thanks to these new measures.…

Open interest for Bitcoin options hit their all-time high of $2.14 billion on Sept. 24, a day before a huge quarterly expiry of 89,100 contracts — i.e., 47% of existing options contracts at the time. Options are derivative contracts that give the holder the right (though not an obligation) to purchase or sell an underlying…