Crypto News Roundup for Feb. 11, 2020

In the third week after opening its network security up to community involvement, Tezos' beta launch has been surprisingly smooth.

news The Takeaway: Coinbase Custody is offering staking services to institutional clients, starting with Tezos. Client assets will remain inside Coinbase’s fully insured cold storage at all times, mitigating risk to investors. Since staking requires some funds to be kept online, Coinbase will put up its own coins, assuming the risk. After deducting Coinbase’s fee, clients…

Japanese IT giant GMO Internet is jumping on the stablecoin bandwagon with the launch of a yen-pegged cryptocurrency in 2019. The company said in an announcement Tuesday that it will start full-scale preparation to issue the stablecoin, called GMO Japanese Yen (GJY), in preparation for a move into the blockchain remittance and settlement business. GJY will…

Dec 23, 2019 at 13:00 UTCGlen Weyl, founder and chair, and Jack Henderson, co-founder and president, of RadicalxChangeThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Jack Henderson is Co-Founder and President of RadicalxChange Students. Glen Weyl is…

news Ethereum venture studio ConsenSys is spinning out or cutting off funding for a number of its portfolio startups, or “spokes” in company parlance, three sources with knowledge of the situation tell CoinDesk. According to a report published Thursday by The Verge, roughly 50 percent of ConsenSys’ 1,200-person workforce could be let go as a…

Gary Gensler has taught courses about blockchain at MIT.Jan 18, 2021 at 3:16 p.m. UTCUpdated Jan 18, 2021 at 3:42 p.m. UTCGary Gensler Confirmed as Joe Biden’s SEC Chair PickPresident-elect Joe Biden named Gary Gensler as his pick for chairman of the U.S. Securities and Exchange Commission (SEC) on Monday.Gensler is the former chairman of…

Donald Trump owns much more in cryptocurrency than was first publicly known, fresh disclosures show.The former president and leading Republican candidate for next year’s election held $2.8 million in a cryptocurrency wallet as of early August, according to official documents governmental ethics watchdog Citizens for Responsibility and Ethics in Washington received Monday.He also earned $4.87…

Cryptocurrency storage provider Zodia Custody said it will offer crypto staking to institutional clients through an agreement with infrastructure provider Blockdaemon.The two firms are attempting to capture the growing institutional interest for staking – the process of offering digital assets to help run a blockchain network in return for rewards – according to an emailed…

Mar 31, 2020 at 11:30 UTCUpdated Mar 31, 2020 at 11:31 UTCBitcoin’s Recent Recovery Won’t Salvage a Terrible Month for PricesWhile bitcoin has climbed sharply from recent lows below $4,000, it's still on track to end March with a double-digit price loss. The top cryptocurrency by market value is currently trading near $6,440, representing nearly…