Cryptocurrency exchange Bitfinex said it will receive $189 million worth of Polygon's MATIC tokens to sponsor enhanced staking rewards for users. According to a blog post, Bitfinex will receive 90 ...

On the other hand, in DeFi staking, users can connect their wallet to a DeFi protocol and stake directly in a smart contract ...

Crypto staking is a vital element of cryptocurrencies that use a “proof-of-stake” system for transaction validation. The potential reward varies widely, depending on the staking platform, the crypto ...

If a taxpayer uses the cash receipts and disbursements method of accounting (cash-method), rewards received for staking cryptocurrency will be taxable. (Individuals and many small businesses use the ...

Proposed federal legislation would move the time of taxation for rewards received from staking cryptocurrency and other digital assets to the time of sale. IRS guidance currently provides that staking ...

The Internal Revenue Service unveiled new rules around income earned through crypto staking this week, declaring that crypto rewards should be considered gross income by tax residents in the same year ...