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Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance

[Aug 1, 2023 8:00 AM] The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take…

Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks

[Jul 30, 2023 7:30 AM] Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million…