The Unexpected Challenges of CoinDesk’s First Staking Venture
How we decided to participate in staking on Ethereum 2.0, the challenges we had to overcome and the implications of the controversial move.
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The derivatives landscape offers “tantalizing” opportunities for stakers, according to Kent Barton of ShapeShift. But that doesn’t mean there aren’t risks. In a newly released report, Swiss cryptocurrency exchange ShapeShift explores the potential role of so-called “staking derivatives” in addressing some of the challenges posed by Proof-of-Stake, or PoS, protocols. Yield Unchained: Exploring Staking Derivatives shines the spotlight on existing challenges with POS protocols – namely, the opportunity cost that comes with locking up capital in a consensus mechanism. Staking derivatives, the....
The venture capital firm said Lido's liquid staking solution removes many "operational complexities" institutional investors have faced in staking ETH. Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol’s first funding round since May 2021. Andreessen Horowitz’s investment in Lido is intended to further support the adoption of decentralized staking solutions for Ethereum 2.0, a spokesperson for the venture capital firm said. Ethereum 2.0 marks a significant shift in the network’s consensus algorithm by ushering....
Staking opportunities are a crucial part of the cryptocurrency industry. They serve two purposes: users help secure the network, and they can generate passive revenue. Now, platforms like Wagyuswap and its latest $WAG staking event, “The Great Steak” are changing the narrative on staking entirely. Staking Remains Popular Cryptocurrency staking is an accessible solution for […]
The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation upon generation. IRS Confirms Crypto Staking […]
Sources close to CoinDesk confirm that at 9:00am GMT, the website’s proprietary news blockchain, the distributed, immutable record of its news coverage, experienced a sudden, controversial hard fork resulting in two separate and irreconcilable versions of its news history. From this time forward, readers have reported unexpected increases in the size of the CoinDesk’s text, to the point where certain articles experience wildly fluctuating text sizes. However, for many observers of the website, the split is not unexpected, as it follows a months-long debate in the once-lauded organization....