According to the Dogecoin Foundation, the organization is working with Vitalik Buterin on constructing proof-of-stake (PoS) capabilities for the Dogecoin network. The “uniquely Doge proposal” is aimed...
Tag: staking
The IRS Backs Down on Crypto Staking Case
It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man named Joshua Jarrett, who allegedly was denied a refund two years ago aft...
5 Best Platforms for Bitcoin Staking – February 2022
Cryptocurrency staking has become one of the best ways for investors to earn passive income. You simply stake your coins in a protocol, and you get to enjoy benefits like airdrops and new token giveaw...
SSV Network Bags $10M From DAO Partners to Scale ETH 2.0 Staking
Open source and decentralized protocol ssv.network has received $10 million in funding from its DAO partners to ramp up the decentralized staking infrastructure for Ethereum 2.0 ahead of the upcoming ...
sssv.network Secures $10 Million To Build Decentralized ETH 2.0 Staking Infrastructure
Ethereum staking is of growing interest to cryptocurrency enthusiasts due to the upcoming launch of ETH 2.0. However, there is also a growing demand for decentralized ETH staking solutions. ssv.networ...
ssv.network Collects $10 Million To Ramp Up Decentralized Staking Infrastructure for ETH 2.0
February 8, 2022 – Tel Aviv, Israel ssv.network, the open-source and decentralized protocol that simplifies access to decentralized ETH staking, has collected $10 million to ramp up decentralized stak...
Ravendex announces its Staking Platform and a trading competition
Ravendex has announced an exciting trading competition as a mark of celebration of its BitMart listing that took place on 10 January 2022. The Ravendex project is the first DEX (decentralized exchange...
ssv.network Raises $10M to Boost Ethereum Staking Infrastructure
Key Takeaways ssv.network has raised $10 million from Digital Currency Group, Coinbase, and other investors. ssv.network is a decentralized staking protocol for running nodes on Ethereum’s conse...
Swissquote to Offer Tezos Staking to Its Clients
Swissquote, the largest bank in Switzerland revealed it will begin offering crypto staking in tezos (XTZ). The expected annual yield for staking tezos is expected to be up to 5.7%. Crypto staking ...
Interview With Ether Capital On Their Bet In Ethereum 2.0 And Staking As A Mechanism To Drive Crypto Adoption
Last year, Bitcoinist reported a $50 million stake in Ethereum’s Beacon Chain from Ether Capital, a publicly-traded company in Canada highly bullish on the Proof-of-Stake iteration of this cryptocurre...
Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products
Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive. The newly launched stETH P...
The Battle to Change How the IRS Taxes Mining and Staking
Two Tezos stakers sued the IRS to get back taxes paid on property they say they created through staking. The IRS offered to pay them back but didn’t commit to clear policy guidance. The stakers will n...
What the IRS Court Case Over Crypto Staking Taxes Really Means
In brief A couple sued the IRS after they were denied a refund request for taxes paid on Tezos staking rewards. After the lawsuit started, the IRS offered a refund. But the plaintiffs now want a more ...
Crypto taxes, the case of the IRS and the staking Tezos
The IRS has offered a refund to a US couple who paid taxes for Tezos that were never sold but were created and obtained through staking. This development between the US tax collection agency and the ...
IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else
In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should be taxed. However...
No, IRS may not write off taxes on crypto staking rewards so easily, claim experts
Crypto news was abuzz recently with speculation of the U.S Internal Revenue Service (IRS) writing off the tax on income generated from unsold staked cryptocurrencies. Many, including crypto influencer...
IRS May Not Tax Passive Income From Holding Crypto Right Away
rear view of businessman sitting on green grass landscape with laptop watching view with flying large group of money over sunny blue sky getty What Happened Taxation of staking rewards has been a cont...
UK Government Updates Crypto Tax Rules on DeFi, Staking
Her Majesty’s Revenue and Customs (HMRC)—the UK’s tax, payments, and customs authority—has updated the rules that govern decentralized finance (DeFi) and crypto staking. “The lendin...
IRS may not tax staking rewards until sold
A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund. The decisio...
UK Tax Dept Confuses Crypto Investors in DeFi and Staking Earnings Pursuit
Britain’s revenue department has turned its eyes to earnings from decentralized finance (DeFi) and staking as it seeks more tax regulations on the crypto ecosystem. On Feb 2, Her Majesty’s Revenue and...
In Huge Precedent, IRS Says It Will Not Tax Unsold, Staked Crypto
In court filings expected to made public Thursday, the IRS declared it would refund $3,293 in income tax (plus statutory interest) to a Nashville couple who had paid the amount on 8,876 Tezos tokens t...
UK tax agency cracks down on rules around DeFi lending and staking
Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance that could affect innovation in Decentralized Finance (DeFi). The updated re...
Staking in Aggregated Finance “DAO”
In the burgeoning decentralized finance (DeFi) sector, “staking” has become an increasingly popular way for investors to earn a passive income while they hold investments. More and more companies tha...
Prysm Dominance of Ethereum Staking Clients Risks The Merge – Trustnodes
The ethereum 2.0 Proof of Stake beacon chain keeps being dominated by just one client, Prysm. Run by grant funded Prysmatic Labs and written in Go, Prysm began dominating since the very beginning on t...
Value Finance: Set to rule as the staking event begins
Value Finance is a decentralized finance solution geared to empower Blockchain-based businesses, is pleased to announce its Staking Event, starting from 2nd February till 18th February. The $VFT Toke...
Value Finance Reaches Hardcap As The 1300 BNB Mark Is Crossed, Staking Event Set To Begin
Advertisement     Value Finance is a decentralized finance solution geared to empower Blockchain-based businesses. It intends to offer a wide range of services to help...
How DAO Staking Offers New Opportunities for Passive Earning in the DeFi Space
n the burgeoning decentralized finance (DeFi) sector, “staking” has become an increasingly popular way for investors to earn a passive income while they hold investments. More and more companies that ...
Ravendex AMA On Bitmart Ahead Of Testnet Launch, ISPO & Staking Platform Release
Cardano startup project Ravendex will be holding its AMA on Bitmart Exchange on the 31st of January 2022. What is an AMA? AMA or Ask Me Anything in crypto is an online session where a crypto project t...
Everscale Boosted Staking Program With 20% APY. Say Bye To Bank Deposits.
The hype The increase of interest in crypto in 2021 was astonishing. The interest switch from fiat money to blockchain-based tokens was one of the hottest topics in the news, whole countries entered t...
Attack Wagon Launches On-Site Staking Program
Attack Wagon, a Blockchain game studio, has announced the launch of Attack Wagon token ($ATK) staking on its platform. According to the company’s update, platform users will now stake their funds in t...