IRS Doubles Down on Immediate Staking Rewards Tax Stance
The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines.…
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Binance Unveils On-chain Yields With Babylon Bitcoin Staking
The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform. According to an official release sent to CryptoPotato, Binance On-chain Yields…
UK to Introduce Legislation on Stablecoins, Crypto Staking: Report
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…
Top DeFi Trends in 2024: The Ultimate Guide
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…
Ethereum’s Top Stakers Control 48% of Staked ETH in a ‘Potentially Unhealthy’ Centralization: Flipside
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…
Solv Protocol Raises $25M in Total Funding to Drive Bitcoin Staking Adoption, Potentially Unlocking $330B in Value
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…
Boerse Stuttgart Unveils Insured Ethereum Staking on Bison Platform
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…
New Ethereum Upgrade Could Reduce Block Time by 33% and Increase Throughput by 50%
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…
Robinhood Crypto Launches Crypto Transfers for European Users
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%…
These Are the Latest Trends in the Crypto Staking Landscape
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…