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Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application
8.3.2022
While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well. Anchor Protocol is currently the second-largest defi lending...
Income generation on DeFi, explained
7.3.2022
DeFi enables users to earn passive income without undergoing complex measures
Solana TVL and price drop 50%+ from ATH, but gaming DApps could turn the tables
6.3.2022
SOL price is down 48% year-to-date and data shows that its decentralized apps use is fading out, but there are a few reasons to remain hopeful
LUNA flips Ethereum becoming second largest network for staked value
4.3.2022
Data shows that there are currently 226,325 stakers accounting for $29.5 billion worth of locked up LUNA which has propelled the network into second place for staked value
Andreessen Horowitz invests $70M in Ethereum staking protocol Lido
3.3.2022
The venture capital firm said Lido's liquid staking solution removes many "operational complexities" institutional investors have faced in staking ETH
A16z Investing $70M In Ethereum Staking Provider Lido Finance
3.3.2022
The firm also used Lido to stake a portion of a16z Crypto’s ether holdings on the Beacon chain
Auditchain Announces Mainnet Deployment of its Staking Contracts for its Pacioli Validating Nodes
3.3.2022
PRESS RELEASE. Auditchain will deploy its Pacioli validating node staking contracts to Polygon Mainnet on 7 March, 2022 as it prepares to decentralize the $600 Billion global accounting, assurance and reporting services industry. Auditchain Labs AG, (https://auditchain.finance) the developer of...
RichQUACK’s Hyper-Deflationary Token Combats Inflation Through Black Hole and Staking
2.3.2022
RichQUACK, a hyper-deflationary token backed by a community of more than 205,000 on Twitter and 57,000 on Telegram, combats inflation through a deflationary token with a built-in 12 percent transaction fee, including 2 percent into a black hole. RichQUACK offers an alternative to long-term savings...
Staking in 2022: Ethereum’s Merge, Institutions, Layer-2, and Liquid Staking
27.2.2022
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Staking is seemingly set for a big 2022. With Ethereum (ETH) planning an eventual move to a proof-of-stake (PoS) consensus mechanism this year, it will bring staking to thousands if not millions of users who’ve never tried it before, with the growth of ETH staking likely to feed into...
Why We Still Need Guidance on Staking Rewards Taxation
24.2.2022
A tax consultant and CPA analyzes the recent decision by the IRS to refund $3,200 to the Tennessee couple taxed on their Tezos staking rewards
pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem
21.2.2022
Similar to Lido and Anchor Protocol, pSTAKE brings liquid staking to the Cosmos ecosystem and allows ATOM and XPRT holders to integrate with DeFi on a deeper level
Fantom Integrates Stader Labs’ Solutions for Liquid Staking
11.2.2022
Fantom announced that it would be supported by Stader Labs’ staking infrastructure platform. Fantom users will be able to unlock the overall value of their FTM that is under stake through liquid staking and delegate to various validators with a single click in the coming months, thanks...
No precedent: IRS court settlement doesn't clarify crypto staking taxes
8.2.2022
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression
Ravendex, a Cardano Startup, All Set to Release Staking Platform, Announces a Trading Competition and Winning Prize of $50K Worth $Rave
8.2.2022
Ravendex has announced an exciting trading competition as a mark of celebration of its BitMart listing that took place on 10 January 2022. The Ravendex project is the first DEX (decentralized exchange) on a Cardano blockchain ecosystem. It is all set to release a permissionless crypto staking...
PoS validator turns down IRS tax refund offer, pushes for clear policy on staking taxation
3.2.2022
The Tezos validator who took the IRS to court argues that staking rewards should be treated as created property rather than income
Reports That IRS Won’t Tax Staking Rewards Create Legal Confusion in US; UK Taxman Updates Its Own Guidance
3.2.2022
Legal confusion has broken out in the United States after media outlets reported on a legal case whereby the Internal Revenue Service (IRS), the United States tax body, is allegedly set to refund a couple’s tezos (XTZ) crypto staking tax bill. But one prominent lawyer says the reporting around...
Court victory precedent: IRS may not tax staking rewards until sold
3.2.2022
The Nashville couple’s case against the IRS compared unclaimed and unsold crypto rewards to an unsold book from a writer, and will be rewarded a refund with interest for tax paid
UK tax agency cracks down on rules around DeFi lending and staking
3.2.2022
“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of CryptoUK Ian Taylor
Play-to-Earn Game Studio Attack Wagon Launches On-Site Staking Program
31.1.2022
Attack Wagon, a Blockchain game studio, has announced the launch of Attack Wagon token ($ATK) staking on its platform. According to the company’s update, platform users will now stake their funds in three staking pools: Silver, Gold, and Platinum. All of them have a staking window of 30 days....
Bitfinex Releases Staking Rewards for MATIC
21.1.2022
Bitfinex recently announced staking rewards for MATIC users on the platform. The venture released an official post on their website to make the announcement. Polygon recently shared 90 million MATIC with Bitfinex to promote staking rewards for users. Bitfinex anticipates that its audience can earn...