UK Treasury: Staking Is Not a ‘Collective Investment Scheme’
The UK seems to be green with envy of the buzz around the US’ new pro-crypto stance. Which, of course, works in the crypto industry’s favor. Previously, crypto staking activities formally qualified as collective investment schemes (CIS), which are heavily regulated. Yesterday, the UK Treasury ordered an amendment to the Financial Services and Markets Act […]
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On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid staking protocol.” Alluvial’s announcement detailed the protocol will be known as the “Liquid Collective” and the cryptocurrency exchange Kraken has joined as a foundation member. Liquid Collective Aims to Bolster a Multi-Chain Liquid Staking Standard In a blog post published by the liquid staking company Alluvial, the startup introduced the new enterprise-grade multi-chain liquid staking protocol called....
The COTI Treasury is finally up and running, giving community members with an appetite for greater risk more options to capitalize on their ecosystem investments. Described as an “algorithmic and decentralized $COTI pool”, the COTI Treasury will grow over time as it collects fees on all COTI ecosystem transactions, and users will have the opportunity to earn some of those rewards by staking their tokens in it. While staking has previously been available with COTI it has up until now had fairly limited functionality. With the COTI Treasury, users can set their own risk tolerance and benefit....
After months of intense development and beta testing Cartesi is proud to announce that Staking Delegation is live on mainnet. Erick de Moura, CEO of Cartesi, says, “This is a fundamental turning point where Cartesi starts to become a more collective construction. Our community’s participation matters and makes us all stronger, from the CIP discussion […]
NFTs are tokenized assets that can be staked and maintained secure on NFT staking platforms. We all know about staking cryptocurrencies, whereby you make a return on your investment. Nowadays, you can also make money by staking your nonfungible tokens (NFTs)! By staking your nonfungible tokens (NFTs) on NFT staking platforms, you can make additional returns on your investment. NFTs have become even more attractive due to this development.More and more people are looking for new ways to make money without having to work for it. Passive income used to be something wealthy people could get....
The mysterious organization known as The Proof Collective defines itself as “a private members only collective of 1,000 dedicated NFT collectors and artists.” To join the Proof Collective someone would have to, you guessed it, own their NFT. So, in theory, anybody can be a part of it. In practice, though, the floor price for one of their passes is around 88 ETH at the time of writing. The size of the investment keeps the undesirables away. The Proof Collective is all about NFTs. Because it’s the law, they run a private Discord in which you can probably receive the biggest alpha available.....