Staking


Finance

Fifth-Largest Holder of Polygon Tokens Is Little-Known Chinese Crypto Project

At least one observer says Avatar is a multilevel-marketing (MLM) scheme in which users generate significant rewards for every person they successfully refer.

(Sharon McCutcheon/Unsplash)

Policy

What Does Kraken's SEC Settlement Mean for Crypto Staking?

Kraken had a pretty lousy day, but the industry is more interested in what this means for staking.

SEC Chair Gary Gensler (Getty Images)

Opinion

Regulating Crypto by Enforcement and Stealth Will Set the US Back

Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk Chief Content Officer Michael Casey.

(Rachel Sun/CoinDesk)

Finance

Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement

Crypto exchange Kraken on Thursday agreed with the SEC to pay a $30 million fine and shutter its staking platform for U.S. customers to settle charges concerning the offering unregistered securities.

Coinbase podría beneficiarse por el incremento de las tasas de interés. (Robert Nickelsberg/Getty Images)

Policy

SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce

The SEC commissioner spoke a day after Kraken settled charges with the regulator that its U.S. staking service was an unregistered securities offering.

SEC Commissioner Hester Peirce (Danny Nelson/CoinDesk)

Finance

Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow

Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC.

(Midjourney/CoinDesk)

Markets

First Mover Americas: Kraken's SEC Settlement Sends Crypto Markets Tumbling

The latest price moves in crypto markets in context for Feb. 10, 2023.

Lower rates may be behind bitcoin's big move (© Eugene Mymrin)

Markets

Liquid Staking Tokens Rally as Kraken Shuts Staking Service to Settle With SEC

The sudden price uptick of governance tokens for the largest liquid staking protocols – Lido Finance, Rocket Pool and Frax Finance – was a counterweight to the decline of the broader crypto market.

La economía del token de ether se vería favorecida con solo una pequeña recuperación económica. (Pixabay)

Policy

Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement

The announcement by the U.S. regulator confirms a CoinDesk scoop from earlier Thursday.

Kraken CEO Dave Ripley (Kraken)