Bitstamp Ceases Ethereum Staking For US Customers Amid Regulatory Barriers
Bitstamp, one of the prominent cryptocurrency exchanges, has announced its decision to terminate Ethereum (ETH) staking services for its US clientele. This move, exclusive to the United States, comes as a result of regulatory challenges in the country’s cryptocurrency landscape. Users are granted a brief window until September 25 to continue earning rewards on their […]
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Customers who do not verify their Bitstamp accounts by November 13 could have their funds seized by regulatory authorities. On Monday, bitcoin exchange Bitstamp issued a reminder to customers that they have three days to verify their accounts. Following that deadline, the company will close the accounts, and government regulatory agencies can seize any remaining funds. Also Read: Bitstamp Provides Proof Of Bitcoin Solvency As First Step Towards A Real Financial Audit. Unverified Bitstamp Accounts Have Three Days to Comply. Nearly four weeks ago, Bitstamp announced customers had until....
Staking is complicated, but learning the truth behind these four myths will help to increase liquid staking mass adoption. Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards don’t have to compete against other miners, but can simply stake part of their crypto for a chance to be chosen to be a....
The Switzerland-based bank Sygnum revealed on Tuesday that the firm now allows Ethereum 2.0 staking. The FINMA-approved company’s customers can access the Ethereum-based staking services via Sygnum’s banking platform. Sygnum’s Banking Platform Offers Ethereum 2.0 Staking Last November, Sygnum Bank AG revealed that it is partnered with the company Taurus Group, a firm that also works with SEBA bank and other Swiss fintech services. The financial services company also detailed at the time that Sygnum would offer customers crypto staking accounts. The partnership with Taurus....
Sygnum, a Swiss-based bank, has recently revealed that it will begin offering customers access to Ethereum 2.0 staking through its banking platform. This would make the bank the first bank to offer ETH 2.0 staking to its clients. Sygnum Bank has said that its clients would be able to conveniently and security stake Ethereum through […]
SEBA Bank is a renowned digital currency company that acts as a bridge between conventional currencies and digital currencies, like Ethereum. It’s committed to offering its customers and clients a secure and seamless trading experience. Like regular banks, SEBA Bank allows investors and traders to perform transactions based on cryptocurrencies and traditional currencies. While these services seem good enough for its customers and clients, the company saw a need for operational expansion. To this effect, the firm has included Ethereum staking as part of its services. SEBA Bank....