Ripple Expands Institutional Custody Platform with Staking and Security Integrations
Ripple has added new security and staking integrations to its institutional custody platform, aiming to simplify deployment for banks and regulated custodians.
Staking
Staking is a process where cryptocurrency holders lock up their assets to help secure a blockchain network and validate transactions. It is commonly used in proof-of-stake and related consensus mechanisms. In return, participants earn rewards, usually in the form of additional tokens. Staking is considered more energy-efficient than mining and allows users to earn passive income. It has become a core feature of many modern blockchain networks.
Coinbase Establishes Expert Board to Assess Quantum Computing Risks to Bitcoin
Coinbase has formed an independent advisory board of cryptography and quantum experts to evaluate long-term risks that quantum computing could pose to Bitcoin and blockchain security.
Grayscale Reveals First Ethereum Staking Payout for US-Listed ETF
Grayscale has announced its first cash payout linked to Ethereum staking rewards for a US-listed ETF, marking a step forward in bringing onchain yield into regulated investment products.
Hundreds of Wallets Drained Across EVM Chains as Attack Remains Unexplained
By
Julia Sakovich
• 3 mins read
Hundreds of crypto wallets across EVM-compatible chains have been drained in an ongoing attack, with investigators yet to identify the root cause or point of compromise.
US Lawmakers Press IRS to Revisit Crypto Staking Tax Treatment
By
Julia Sakovich
• 3 mins read
A bipartisan group of US House lawmakers is urging the IRS to reassess how crypto staking rewards are taxed, citing concerns over double taxation and market participation.