Staking


Policy

US Lawmakers Don't Want Proof-of-Stake Networks to Get Overtaxed

Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.

Rep. David Schweikert of Arizona and other members of the Congressional Blockchain Caucus are asking the IRS to ensure “tax policy does not indirectly dissuade U.S. taxpayers from participating” in crypto staking networks. (Gage Skidmore/Flickr)

Finance

Bison Trails Hires Ex-Goldman Sachs VP as Legal Head

Blockchain infrastructure provider Bison Trails has hired BlockTower Capital’s former compliance director to be its first general counsel.

Elizabeth Ralston (Mark Kronov Photography)

Finance

Proof-of-Stake Chains Team Up to Prove DeFi Is Bigger Than Ethereum

Terra is joining forces with Cosmos, Web3 Foundation and Solana to roll out a DeFi product meant for a wider consumer audience. Meet Anchor.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

Finance

BitGo Now Supports Custody and Staking of Tezos’ XTZ

The addition expands BitGo’s proof-of-stake offerings, first unveiled last October.

BitGo CEO Mike Belshe

Finance

ConsenSys Spins Up Staking Service in Anticipation of Ethereum 2.0

Ethereum development house ConsenSys is being backed by heavy hitters like Binance and Huobi to test its new “staking-as-a-service” offering.

ConsenSys founder Joe Lubin speaks at Devcon 5 in Osaka, Japan, October 2019. (ConsenSys)

Tech

A Digital Art Project Might Have an Answer to the Woes of Staking Centralization

Drawing inspiration from Reddit's r/place, AstroCanvas is an experiment in boosting staking participation – without appealing to financial incentives.

Josh Lee and Tony Yun of Chainapsis (Credit: Chainapsis)

Markets

Coinbase Extends Tezos Staking Rewards to 4 European Countries

Coinbase is rolling out its Tezos staking service to the U.K., Spain, France and the Netherlands.

Coinbase CEO Brian Armstrong

Markets

Staking Will Turn Ethereum Into a Functional Store of Value

With staking and a surge of demand for stablecoins, Ethereum has everything it needs to become a viable store-of-value network.

Osho Jha

Policy

Industry Group Led by Polychain, Coinbase Seeks to Get Ahead on Staking Regulations

The Proof of Stake Alliance has released a set of recommendations for entities securing a proof-of-stake network to avoid drawing the ire of regulators.

Coinbase icon

Markets

Kyber to Offer Delegated Token Staking After Coming Network Upgrade

A new partnership with StakeWith.US will allow community members to delegate staking if they don't have time or knowledge to get directly involved in governance, said Kyber.

Loi Luu, CEO and co-founder of Kyber Network (right), at CoinDesk Consensus (Credit: CoinDesk archives)