No precedent: IRS court settlement doesn’t clarify crypto staking taxes
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.
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Report crowns Solana for using least energy per transaction, but there’s a catch
Despite Solana’s low power consumption per transaction, the PoS network still uses much energy overall compared to other PoS protocols.
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed…
Wikimedia Foundation Debates Acceptance of Cryptocurrency Donations Over Environmental Concerns
Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital…
Ripple chair’s pay-off plan to convince BTC miners to adopt Proof of Stake
Billionaire Chris Larsen said that miners should view the move away from PoW as “a net positive for their longevity.”
Delaying the Ice Age — Ethereum Network Participants Prep for Upcoming Arrow Glacier Upgrade
The Ethereum network will be undergoing a scheduled upgrade soon called “Arrow Glacier,” a change that aims to mimic the “Muir Glacier” upgrade. Essentially, Ethereum’s Arrow Glacier changes the parameters…
Coinbase adds ‘ETH2’ despite tomorrow’s Ethereum upgrade postponing difficulty bomb
But ETH2 is not a new cryptocurrency and the exchange appears to be prepping for Ethereum's transition to Proof-of-Stake.
Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years
On Friday, 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…