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As part of the deal, Foundry will also have rights to completely build out and operate Compute North's facility in Minden, Neb. The deal will also include rights to a fleet of mining machines owned by the miner, as well as its intellectual property, the statement said. Original Source
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“Recently, the liquid staking protocol also had to increase rebasing oracle limits from 10% to 17.5% to let the increased rewards flow to stETH token holders,” analysts at Delphi Digital said in a Friday note. Rebasing, or elastic, tokens are cryptocurrencies that automatically adjust supply levels to maintain a constant
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The IRS recently identified tax guidance relating to digital asset transaction validation, including staking, as a priority during 2023. As the digital asset ecosystem continues to grow and the tokenized economy takes hold, it will be imperative for the IRS to, whenever possible, issue guidance clarifying the tax treatment of
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“We’ve seen a great deal of interest in Cosmos’ ecosystem assets and interoperability networks like Evmos, especially where staking early counts” said Diogo Monica, president and co-founder of Anchorage Digital. “As the digital asset ecosystem continues to grow, cross-chain networks like Evmos are playing an increasingly important role by making
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According to data from Dune Analytics, more than 14 million ether (ETH), worth over $2 billion, are currently being staked on the Ethereum blockchain, including a spike in deposits during the third quarter, when the shift to the proof-of-stake model took effect, known as the Merge. That amount of ether
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Called Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch with an official announcement expected soon. The system has three components – frax ether (frxETH), staked frax Ether (sfrxETH), and the Frax ETH Minter. Staking refers to locking up coins in a crypto
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Small cap platform that promised users up to 43% in annual awards puts the brakes on withdrawals and scrubs team from site. Original Source
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“Longer term, we want to work with Anchorage and other custody service providers to provide custody for liquid staked assets,” Persistence founder Tushar Aggarwal told CoinDesk. “I think they're [Anchorage] going the regulated route, which is the route that we see ourselves going down as well with respect to proof
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Lido has around 40% of all the staked ETH on
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After the Ethereum network’s transition to proof-of-stake (PoS), staking Ether (ETH) now plays a central role in validating blocks and securing the network. However, some community members believe that the staking process is too difficult, especially for regular people. In the Ethereum subreddit, a member of the community raised the topic
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