Coinbase Launches 5% Staking Rewards for Cosmos’ ATOM
ATOM is only the second cryptocurrency to join Coinbase’s staking rewards program.
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ATOM was among the biggest gainers on cryptocurrency boards this Wednesday as traders assessed its integration into the US-regulated crypto exchange Coinbase. The Cosmos’ native token rallied 9 percent on a 24-hour adjusted timeframe, touching an intraday high level near $5.56, hours after Coinbase added support for staking ATOM rewards. Its gains appeared even as […]
Ethereum staking is the backbone of the new network and users have been earning rewards by staking their ETH ahead of the merge. As time has gone on, rewards for staking have reduced, with the current rewards sitting around 4-5% for stakers. However, crypto exchange Coinbase sees this changing for the better once the merge […]
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 […]
Crypto staking rewards Thanks to its high yields, crypto staking, a way to earn passive income, has quickly become popular with crypto holders. Staking is a process in which nodes stake their tokens and create blocks to participate in the maintenance of the blockchain network. In addition, the rewards a node receives from the network […]
Users automatically receive rewards on some of their crypto positions. The eToro trading platform announced on Thursday the launch of a dedicated staking service for its clients, letting users earn staking rewards from Cardano (ADA) and Tron (TRX).Users who hold positions in either of these currencies will be eligible for staking rewards, awarded monthly. The company said that other assets will be introduced later on as well.The system is completely automated and does not require any action from the part of the users, who are able to trade the assets normally.An eToro spokesperson told....