BitGo now supports Cardano (ADA) in both hot wallets and for Qualified Custody. Cardano staking is in development and will be ready mid-year. What is Cardano? Cardano is a Proof of Stake layer one blockchain developed by IOHK — a research and development group led by Ethereum co-founder Charles Hoskinson. The chain describes…

Received this from a friend? Subscribe here. New to the Water Cooler? Read past issues on Medium. — GM. It’s Wednesday, February 1, 2023 Newsmakers Crypto Projects Are on the Move. What Does Their Migration Tell Us About the Future? It’s migration season — for creatures and crypto projects. Among the migrants: Pudgy Penguins whose human handlers announced that they will expand from the Ethereum mainnet to layer-2s Polygon and Arbitrum and rival layer-1 BNB. Projects migrate for the same reasons as beasts…

Received this from a friend? Subscribe here. New to the Water Cooler? Read past issues on Medium. — GM. It’s Wednesday, January 25, 2023. Newsmakers Gensler’s SEC Pursues Iron Fist in Velvet Glove Strategy As the new U.S. Congress begins what is likely to be a long debate over a slate of crypto bills, one U.S. government entity is moving forward with clarity: Gary Gensler’s SEC. The debate over its approach continues as do complaints about unclear…

For many, staking allows participants to earn rewards for holding certain cryptocurrencies or tokens. It can be a complex concept, particularly due to the unique technical terminology that comes with it. It is crucial to understand the basics of staking, to make informed decisions and, hopefully, healthy staking rewards. Who is involved? To…

BitGo is pleased to announce two new services for MATIC holders: wallets and custody for native MATIC and staking for ERC-20 MATIC. Previously, customers could hold the ERC-20 version, but staking was not available. Now, our clients have access to the full suite of services. What is Polygon? Polygon is a scaling solution…

Received this from a friend? Subscribe here. New to the Water Cooler? Read past issues on Medium. — GM. It’s Wednesday, January 18, 2023. Newsmakers Why DeFi Could Enjoy Another Moment in the Sun in 2023 It might not be another “DeFi summer” like we saw in 2020, but decentralized finance looks primed for another moment in the sun in 2023. …

BitGo’s self-managed cold wallets give organizations the ability to take their security into their own hands while still leveraging BitGo’s technology and processes. To put it simply: If a hot wallet is like a debit card and a custodial wallet is like a bank vault, then self-managed custody is like…

Self custody is great — it is one of the founding principles that cryptocurrency was built on. The ability to hold our own keys and manage our own funds on a level playing field with banks and traditional financial service providers has been groundbreaking. Binance’s Changpeng Zhao (CZ) calls this…

Received this from a friend? Subscribe here. New to the Water Cooler? Read past issues on Medium. — GM. It’s Wednesday, January 11, 2023. Newsmakers U.S. Government Announcements Show a New Openness to Regulated Crypto Last week, the three largest U.S. banking regulators — the Federal Reserve, the FDIC, and Office of the Comptroller of the Currency — issued a warning for banks: “It is important that risks related to the crypto-asset sector that cannot be mitigated or…