staking

Warren Buffett-Backed Neobank Nubank Launches Own Currency Nucoin

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Warren Buffett-backed Nubank, a Brazil-based neobank that debuted crypto trading options back in May 2022 selle platvormil, has announced the launch of nucoin, its own cryptocurrency. Part of the first batch of the currency, issued on top of Polygon’s network,…

Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program

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The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s…

Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market

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As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 miljardit, with Lido, Mündi alus, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value…

Buenos Aires to Tax Cryptocurrency Mining in 2023

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The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, sisse 2023. A new proposal modifies the tax law to introduce cryptocurrency mining as a taxable activity that will levy 4% on the income calculated via…

30% of Today’s Staked Ethereum Is Tied to Lido’s Liquid Staking, 8 ETH 2.0 Pools Command $8.1 Billion in Value

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In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value…

Coinbase Now Allows Cardano Staking Services, Firm ‘Plans to Continue to Scale Staking Portfolio’

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On March 23, the cryptocurrency exchange Coinbase announced the platform will now allow cardano staking services. Ettevõte’s senior product manager Rupmalini Sahu mentioned that cardano is one of the top ten crypto assets by market cap and its proof-of-stake (PoS)…

ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Miljardit

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The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September…

Bividend: Nasdaq-Listed Company to Pay Dividends in Bitcoin at the Option of Shareholders

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A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency. ‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’ Blockchain company BTCS Inc. (Nasdaq: BTCS)…

Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Aastaid

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Reedel, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the network’s…