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. Go to Source
Proof-of-Stake
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Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined
DeFi exploits resulted in losses of over $16 million in August. Go to Source
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Bitcoin and proof-of-stake have natural ‘synergy’: Bitcoin Builders 2023
Stanford University professor David Tsè said his team’s research had revealed a security property between Bitcoin and proof-of-stake protocols. Go to Source Powered by WPeMatico
3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum
LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%. Go to Source Powered by WPeMatico
VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High
A buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s mainnet debut on May 3, 2023. The native token SUI has been listed on various cryptocurrency exchanges, drawing attention to the project. On the same day the network launched, SUI peaked at $2.16 per unit, but … Read more
