The British government plans to introduce legislation to regulate stablecoins and crypto staking. This move comes as President-elect Donald Trump lays out his plans to make the United States a global crypto hub, creating fresh competition for the UK to retain and attract digital asset businesses. Stablecoin and Staking Legislation According to a Bloomberg report,…
November 12, 2024 at 07:00 PM GST updated: November 12, 2024 at 05:41 PM 4 mins read Press Release In the advancing landscape of blockchain and financial services, firms are taking decisive steps to boost both security for users and the ease of access. NGRAVE’s new partnership with MetaMask enhances the safety of Web3 engagements,…
StakeStone secures $22M funding to advance liquid staking for ETH and BTC. Binance Labs backs the BIO Protocol for decentralized scientific research development. StakeStone recently closed a $22 million fundraising round led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures. This fundraising round reflects the increased interest in developing liquid staking…
Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co. On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors. Wan noted…
Lido has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking across Ethereum layer-2 networks such as Arbitrum, Base, and Optimism, according to an Oct. 29 statement shared with CryptoSlate. This integration will power Lido’s Direct Staking feature, allowing users to stake ETH from various blockchain networks and receive wrapped staked…
October 22, 2024 at 07:16 PM GST updated: October 22, 2024 at 07:19 PM 2 mins read News VanEck’s Solana ETN now offers staking, allowing investors to earn rewards directly in daily NAV. Investors in VanEck’s VSOL ETN can receive 75% of staking rewards, with no extra action required. VanEck’s Solana staking is non-custodial, ensuring…
The evolution of Decentralized Finance (DeFi) has brought some of the most innovative solutions for financial services, both on- and off-chain. Lending, trading, staking, and tokenization are just some of the most popular DeFi trends that have accumulated billions of dollars in total value locked (TVL). In 2024, DeFi is seeing several emerging trends that…
While new cryptocurrencies come into being one after another, staking has become one of the favorite ways for investors to make passive income by locking their crypto assets. This article will guide you to the best staking platforms to earn passive income in 2024 as follows. OkayCoin Binance Kraken Coinbase Crypto.com Nexo Ku Coin Bybit…
Buterin advocates for a “futures-style” reward system to promote fairness among validators. Dynamic block sizes could optimize transaction processing based on network demand. Vitalik Buterin recently addressed significant issues facing Ethereum’s staking and block production mechanisms. He emphasized the urgent need for innovative solutions to enhance the network’s performance. Firstly, Buterin noted the disparity in…
There is a stark difference between the staking concentration of Ethereum and Polygon. A new report suggests that Ethereum’s staking activity remains considerably more concentrated than Polygon’s in what it considers “potentially unhealthy” for the ecosystem. Ethereum Staking Dominated by Few According to Flipside’s “YoY PoS Staking Report” shared with CryptoPotato, from September 2023 to…
Solv Protocol has raised $11 million in a strategic funding round, bringing its total funding to $25 million at a valuation of $200 million. This capital will advance the company’s mission to revolutionize Bitcoin staking through its Staking Abstraction Layer (SAL). The funding round attracted participation from prominent investors, including Laser Digital, Blockchain Capital, and…
Axie Infinity increased its total AXS staked by 11.34% from October 2023 to October 2024, reaching 58.5 million AXS. Axie Infinity burned over 43 million SLP in September, contributing to a 1.25% annualized deflation rate. Especially with relation to its staking activities and ecosystem expansion, Axie Infinity has made notable progress over the past year….
Fitness coach and part-time crypto investor Josh Jarrett has filed a lawsuit against the US Internal Revenue Service (IRS) over its tax policy on staking rewards. In an Oct. 10 post on X, Jarrett shared that his 2021 attempt to clarify the issue was inconclusive as the IRS offered him a refund without addressing whether…
Jarretts argue staking rewards should be taxed only when sold, not upon creation. This is the Jarretts’ second legal attempt to clarify crypto tax rules. On October 10, 2024, Josh and Jessica Jarrett, Tezos network stakers, again filed a lawsuit against the IRS, challenging its taxation of block rewards from staking on the Tezos network….
Solv Protocol’s TVL on the Bitcoin mainnet surpassed $470 million, outpacing the Lightning Network’s $310 million. SolvBTC integrates Bitcoin into DeFi, enabling holders to earn yield while maintaining exposure to Bitcoin’s value. Solv Protocol has achieved a critical milestone in the Bitcoin staking ecosystem by exceeding $470 million in Total Value Locked (TVL) on the…
European exchange group Boerse Stuttgart has announced a major step into Ethereum staking, offering users a secure, insured way to earn passive income through its Bison trading platform. By partnering with top German firms, Bison enables staking for as little as 0.005 ETH with weekly rewards. The service, currently only in Germany, promises annual returns…
New Onchain data from IntoTheBlock reveals that Ethereum users have staked 28.9% of all Ether supply, revealing long-term interest in the asset. Staking a crypto asset means locking it into a blockchain network, prohibiting it from being sold or purchased until it is unstaked. Staking Ethereum allows holders to reap long-term rewards and typically signals…
A new Ethereum Improvement Proposal, EIP-7781, introduced on October 5, 2024, aims to reduce Ethereum’s block time from 12 seconds to 8 seconds. The upgrade, introduced by Ben Adams, co-founder of Illyriad Games, could also enhance data capacity and potentially increase network throughput by 50%. A Major Step for Ethereum’s Future In an October 6…
Ethereum co-founder Vitalik Buterin has proposed lowering the minimum deposit requirements for stakers on the blockchain network. In an Oct. 3 post on X, Buterin voiced his support for reducing the current 32 ETH threshold needed to stake on the network to support solo staking. He believes the current requirement is a barrier to entry…
Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility. Robinhood Crypto Rolls Out Crypto Transfers…
Cryptocurrency remains one of the most exciting and profitable ways of investing money. In 2024, more and more people think about how to get rich with the crypto market, from long positions to passive income creation. Whether you’re a professional trader or just a beginner willing to enter this promising market, there are several ways…
The crypto staking landscape is constantly evolving, with new and remarkable shifts coming to light every now and then. A feature that was once primarily attributed to networks with proof-of-stake consensus mechanisms like Ethereum, developers have now brought staking and restaking to the Bitcoin blockchain. A report by the non-custodial staking services provider P2P.org outlined…
The Solana network is experiencing an increased influx of users and a “break-through moment,” thanks to the introduction of liquid staking on the blockchain. A new report by the leading cryptocurrency exchange, Bybit, stated that Solana’s liquid staking model, especially the exchange-launched liquid-staked SOL, would mobilize masses and accelerate the onboarding of retail users in…
September 13, 2024 at 11:20 AM GST updated: September 13, 2024 at 10:55 AM 2 mins read News Solana’s annual inflation rate is 5%, reducing to 1.5% over 15 years, affecting unstaked $SOL holders’ purchasing power. Staking $SOL offers 8-12% annual returns, offsetting inflation and providing net positive gains for holders. Liquid staking allows $SOL…
Staking cryptocurrencies are a powerful way to get rewards while holding on to your digital assets. But flexibility in plans related to staking is paramount in the process of maximizing earnings and managing risks associated with such investments. This article now puts into perspective the five best platforms to earn competitive rewards. The best platforms…
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The…
Starknet introduces staking with the first-ever Mainnet vote for STRK holders, set to launch in October 2024. STRK holders will vote on crucial staking mechanisms, including minting processes, during the September 2024 voting period. Starknet, an Ethereum Layer 2 scaling solution, has made a momentous announcement that opens a new chapter in its community. The…