Articles filed under
Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement
As part of its February settlement with the Securities and Exchange Commission (SEC), the U.S.-based Kraken crypto exchange has submitted the largest Ether withdrawal request since Wednesday’s upgrade to the Ethereum blockchain. The SEC ordered Kraken to shut down what it called unregistered staking programs.
Ethereum Shanghai upgrade prompts Ether withdrawals, but no stampede for exits
Ether holders withdrew more than US$102 million worth of Ether in the first six hours after the Shanghai upgrade opened the door to cash out the staked token, though analysts see the amount as within expectations.
Ethereum rolls out Shapella upgrade amid worries over price pressures
Top blockchain and crypto news: Ethereum fork prompts price fall fears. Satoshi is found — in Apple software. Hong Kong ramps up Web3 plans.
Go ahead and ban staking. Crypto investors will just go elsewhere
The SEC’s latest heavy-handed approach toward crypto will leave investors less protected while benefitting dodgy offshore companies, writes Danny Talwar of Koinly.
Paxos ordered to stop minting Binance stablecoin as SEC mulls legal action
Top blockchain and crypto news: Paxos halts BUSD issuance. Kraken faces disclosure charges. Beijing backs new blockchain research center.
S. Korean regulators to probe local crypto staking services following U.S. crackdown: News1
S.Korean regulators are planning to review crypto staking services on local exchanges following recent regulatory enforcements from the SEC.
Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown
Last year was memorable in the emerging world of digital assets for the sheer number of corporate failures. The industry itself has been asking for clearer legal guidelines to help development. Is that what’s happening now?
Coinbase CEO says he will “happily defend” crypto staking service against claim it’s a securities product
CEO Brian Armstrong said that the company will defend its staking services in court against claims that they need to be classified as securities.
A house divided? SEC Commissioner Peirce attacks agency’s fines against Kraken exchange
Hester Peirce said using enforcement action to dictate law in an emerging industry is the act of a “lazy” regulator, after the SEC fined the U.S.-based Kraken crypto exchange for failing to register staking programs.
Coinbase CEO Brian Armstrong says SEC has ‘terrible’ idea to ban crypto staking for U.S. retail customers
The U.S. Securities and Exchange Commission is considering a ban on cryptocurrency staking for retail customers in the country, said Brian Armstrong, the chief executive of Coinbase Global Inc.
SEBA Bank launches Ethereum staking services as ‘Merge’ nears
Switzerland-based SEBA Bank, a global cryptocurrency lender, has introduced Ethereum staking services aimed at enabling clients to earn staking rewards on Ethereum. See related article: Ethereum’s Bellatrix upgrade now live despite concerns Fast facts Ethereum staking services would enable clients to earn rewards on a monthly basis, with adjustable lock-up periods available post-Merge, SEBA Bank […]
Crypto exchange Gemini launches MATIC, ETH, SOL and DOT staking
The New York-based crypto exchange said its staking service will allow customers to stake their cryptocurrencies and receive rewards within their Gemini account. See related article: Gemini sued over US$36 mln Bitcoin and Ethereum hack Fast facts Gemini Staking will be available for users across the U.S. (excluding New York), Singapore, and Hong Kong, the […]
Coinbase would shut down ETH staking under regulatory threat, says CEO
Responding to a hypothetical scenario on Twitter, Coinbase CEO Brian Armstrong said that the company would shut down its Ethereum staking services to preserve the blockchain network’s integrity, in the event of a regulatory crackdown. See related article: BlackRock, Coinbase partner to extend crypto trading to institutional investors Fast facts The hypothetical question was posted […]
Crypto staking provider RockX raises $6M in Series A funding
RockX Tuesday said it raised US$6 million in series A funding, valuing the crypto staking platform serving institutional and high net worth investors at about US$30 million. Fast facts The funding was led by digital asset platform Amber Group and other crypto industry leaders including Matrixport, Primitive Ventures, FBG Capital, Draper Dragon, IMO Ventures, Alpha […]
Philippines to provide residency through Oz token staking
The Philippines is offering residency in one of its special economic zones known as ecozones with low tax rates for users staking the utility token of Oz Finance, TOTOZ. Fast facts The residency is offered at the Freeport Area of Bataan, one of over 400 operating ecozones in the Philippines, which is located across the […]
US taxpayer rejects IRS refund for staking rewards
A U.S. taxpayer fighting the Internal Revenue Service (IRS) over whether newly created tokens are taxable income announced Thursday that he has rejected the government’s offer of a refund in order to force the government to clarify its policy. Fast facts On Thursday, Joshua Jarrett shared on Twitter that the IRS had offered him a […]
How DeFi can unlock staking rewards and boost liquidity
As the blockchain industry shifts to ‘proof of stake,’ staking’s bonding period can lock up capital. What are the alternatives?
Moonstake ties up with Uzbekistan exchange in blockchain push
Staking service provider Moonstake has partnered with UzNEX to provide blockchain consulting services in Southeast Asia and the Middle East.
ConsenSys’ Charles d’Haussy: The ‘staking capital of the world’ will emerge in Asia in 2021
In this edition of Forkast Forecasts, the director of strategic initiatives at ConsenSys and author of “Block Kong” shares his views on CBDCs, stablecoins and Asia’s blockchain space.
What’s next for Ethereum 2.0 after the Beacon Chain?
Eth2 will run in parallel with Ethereum 1 for now. For how much longer, and will this affect ether inflation and block rewards? Konstantin Richter of Blockdaemon explains.