Tagged: staking

September 12, 2023 @ 11:59 am By Omar Faridi  |  

Enterprise-grade staking platform Kiln announced that Coinbase Cloud has integrated Kiln’s On-Chain Platform into its product offering, “marking a significant milestone for Coinbase Cloud in streamlining and simplifying the Ethereum staking process.” Kiln On-Chain is a suite of smart contracts designed “to connect integrators and… Read More

August 29, 2023 @ 9:53 pm By Omar Faridi  |  

Staking is a core initiative of Chainlink Economics 2.0 that reportedly aims to “bring a new layer of cryptoeconomic security” to the Chainlink Network. Staking enables ecosystem participants, “such as node operators and community members, to back the performance of oracle services with staked LINK… Read More

August 29, 2023 @ 8:54 am By Omar Faridi  |  

Built on Cardano, Mithril prioritizes security while “aiming to enhance the efficiency of chain synchronization and state bootstrapping.” As noted in a blog post by IOG, security is of the utmost importance in “any cryptographic protocol for safeguarding the integrity, confidentiality, and authenticity of transactions… Read More

August 26, 2023 @ 4:59 pm By Tony Zerucha  |  

Digital asset management platform Blueprint this week unveiled a free staking service. It is the first step in capitalizing on what the company believes is a demand for “an all-in-one intuitive platform that combines consolidated data, insights, and tooling to provide investors, builders, and service… Read More

August 25, 2023 @ 11:19 pm By Tony Zerucha  |  

New rules by the Internal Revenue Service (IRS) may have important implications for those who earn revenue through staking cryptocurrency, one tax lawyer warned this week. According to the Tax Law Offices of David W. Klasing, IRS Revenue Ruling 2023-14 states that staking rewards will now… Read More

August 21, 2023 @ 8:53 am By Omar Faridi  |  

The partnership will see Northstake extend its virtual asset investment products to Coinify’s premier clients, accelerating institutional exposure to the crypto-staking industry. Northstake A/S, a regulated virtual asset service provider offering compliant staking products for institutions, has announced a strategic partnership with Coinify. Coinify is… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

August 8, 2023 @ 4:06 pm By Omar Faridi  |  

This announcement marks a significant milestone in the digital landscape as NexeraID in collaboration with PolygonID unveil their Web3 Compliance initiative. This project sets a standard for privacy protection while “ensuring strict adherence to regulatory requirements in the ever-evolving realm of Web3 compliance.” With the… Read More

July 16, 2023 @ 1:58 pm By Omar Faridi  |  

The Hex Trust Group, an institutional-grade digital asset custodian licensed across global financial hubs, has announced Ether (ETH) staking services have now been relaunched following the Shapella upgrades on the Ethereum blockchain. Hex Trust has an Ethereum Validator Node and “plays a vital role in… Read More

July 15, 2023 @ 7:56 pm By Omar Faridi  |  

On June 6, 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase (NASDAQ:COIN) primarily about a small number of assets listed on their platform, but also their retail staking services. The same day, state securities agencies in ten states – Alabama,… Read More

July 12, 2023 @ 7:30 am By Omar Faridi  |  

Alluvial, a software development company supporting the enterprise-grade liquid staking protocol Liquid Collective, has raised $12 million in its Series A financing round. The investment round is “co-led by Ethereal Ventures and Variant, with participation from Brevan Howard Digital, Avon Ventures, Nascent Capital, a_capital, Robot… Read More

July 9, 2023 @ 7:10 pm By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce that clients are now able to stake Solana (SOL) through Gemini Staking, allowing users to seamlessly receive SOL staking rewards in their Gemini account. Gemini Staking now “supports staking for Ethereum (ETH), Polygon (MATIC), and Solana (SOL).”… Read More

July 2, 2023 @ 2:38 pm By Omar Faridi  |  

Through July 23, 2023, Voyager customers impacted by the Voyager bankruptcy can create a Gemini account “to withdraw their crypto in-kind, pursuant to the claims of the distribution process.” Gemini are pleased “to offer a promotional welcome to all Voyager customers who join Gemini.” New… Read More

June 27, 2023 @ 11:52 am By Omar Faridi  |  

RockX, a firm focused on institutional-grade staking solutions throughout Asia, announced the appointment of Paul Mischenko as Head of Americas. This move is part of its commitment “to broaden its presence in the Americas, leveraging its well-established Asian base to drive this expansion.” RockX views… Read More

May 30, 2023 @ 3:47 pm By Omar Faridi  |  

The WOO token can now be staked “across seven chains to earn USDC on Arbitrum from WOOFi swap fees.” As noted in a blog post, WOOFi Stake 1.0 was “born on BNB Chain back in December 2021 and quickly grew in TVL as WOO stakers… Read More

May 23, 2023 @ 11:47 pm By Omar Faridi  |  

RockX, a firm focused on supportin institutional-grade staking solutions throughout Asia, is broadening its staking product suite with the addition of a new ETH native staking solution. This latest offering supports RockX‘s position “as a comprehensive provider of diverse staking needs, responding adroitly to the… Read More

May 16, 2023 @ 7:59 am By Omar Faridi  |  

Austrian digital asset firm Bitpanda is reportedly planning to invest $10 million in order establish a dedicated AI unit. Bitpanda explained that the new unit will aim to provide a suite of AI-enhanced products and investing solutions, including personalized investment ideas, automated portfolio strategies, as… Read More

May 11, 2023 @ 7:21 am By Omar Faridi  |  

Sygnum announces the addition of Cosmos’ native token ATOM to its expanding portfolio of regulated digital asset banking products and services. Sygnum clients “can now conveniently buy and hold ATOM on its institutional-grade platform and stake their holdings to earn attractive staking rewards” From today,… Read More

April 13, 2023 @ 7:49 am By Omar Faridi  |  

The highly-anticipated Ethereum (ETH) Network Shanghai update marks a key milestone for the world’s largest smart contract platform (in terms of market cap and overall adoption). At present, Ethereum (ETH) withdrawals are live. Hi Shapella 👋 Withdrawals have appeared! pic.twitter.com/POqeZwkZJ4 — Etherscan (@etherscan) April 12,… Read More