Category: Proof-of-Stake
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Proof of Stake Alliance updates recommendations for staking providers
The POSA updated its staking principles to say that providers should communicate clearly and not control the amount of liquidity a user must provide.
Rise of Ethereum staking came at cost of higher centralization: JPMorgan
Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to solve.
Grayscale officially abandons post-Merge PoW Ethereum tokens
One year after the Ethereum Merge, Grayscale has finally taken a decision to abandon all the rights to proof-of-work Ethereum tokens.
Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined
DeFi exploits resulted in losses of over $16 million in August.
Crypto staking rewards are taxable once received: IRS
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain “dominion” over the tokens.
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Ethereum validators may have to stake 64X more ETH, devs discuss
The proposal received mixed reactions from the crypto community, with some users stressing that it would make the network more centralized.
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Crypto industry ‘destined’ to be BTC-focused due to regulators: Michael Saylor
The MicroStrategy co-founder believes crypto-related regulatory enforcement action will play in Bitcoin’s favor.
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How Bitcoin can help secure proof-of-stake blockchain protocols
Stanford University professor David Tse has pioneered a way to use Bitcoin as a means to secure proof-of-stake blockchains.
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US debt ceiling, declining trust in banks send ETH staking to record highs
The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, deterring confidence in USD, the downfall of banks and the high APR offered on the ETH staking.
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