Press "Enter" to skip to content

Burnt At The Stake: Why PoS Cryptocurrency May Leave You Feeling Taxed

The attraction of Proof-of-Stake (PoS) cryptocurrency of earning annual rewards may be a fallacy and a tax burden, concludes BitGo’s Ben Davenport. The Attraction Of Proof-Of-Stake Is A Fallacy BitGo and Beluga co-founder, Ben Davenport, has just published a report examining the effect of taxes…

Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store

Accepting cryptocurrency payments in your store doesn’t require specialist hardware or complex integration – Paytomat is proof. The crypto payment gateway enables merchants to accept 18 cryptocurrencies including BCH using their existing equipment. To date, hundreds of brick and mortar stores across four continents have…

Vitalik: Upcoming ETH PoS Algorithm will adopt higher staking rewards

Ethereum funder Vitalik Buterin recently posted on Github that Ethereum will use a higher staking reward metric after the deployment of Proof of Stake.  Buterin’s proposal charts out the estimated annual returns for different amounts of validating ether. For example, if 1 million ether is…

Vitalik Buterin Proposes Higher Staking Rewards for Upcoming ETH PoS Algorithm

Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake algorithm implementation. Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20. Per the proposal, 2,097,152 ether…

BCH Merchant App Allows Businesses to Accept Crypto Payments in Store

Cryptocurrency gives companies another payment option to offer their customers that yields a host of benefits. In the case of bitcoin cash, crypto payments are an easy, fast and cheap option, thanks to ultra-low onchain fees. BCH Merchant is a Point of Sale app that…

Binance’s Trust Wallet to Launch Staking Service With Tezos

Binance’s official digital currency wallet app Trust Wallet has added a staking feature for cryptocurrencies Binance’s official digital currency wallet app Trust Wallet has added staking for cryptocurrencies. The development was announced by Binance in a blog post published on April 3. The staking feature…

Proof-of-Stake Cryptocurrencies Have $4 Billion in Staked Funds: Diar

New research from Diar notes Eos makes up almost half of PoS staked funds’ total market value, followed by Dash and Cosmos. An increasing trend in cryptocurrency looks set to continue as major proof-of-stake (PoS) projects launch in 2019, industry newsletter Diar noted in its…

Expert: Renewable Energy Not Enough for Bitcoin’s Sustainability Problem

A PwC blockchain expert states that renewable energy is insufficient in addressing Bitcoin’s massive energy consumption. Renewable energy will not solve Bitcoin’s (BTC) sustainability problem according to a blockchain specialist at Big Four auditing company PwC, Alex de Vries. De Vries presented his argument in…

Report: Coinbase Hires Amazon Web Services Veteran to Develop Staking Solutions

Major United States crypto exchange Coinbase has reportedly hired a veteran of Amazon Web Services to develop staking and governance solutions for its crypto custodial services. Major United States crypto exchange and wallet service provider Coinbase has reportedly hired a veteran of Amazon Web Services…