jodie0elijames

@jodie0elijames

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The CEO recalled massive staking-related fines by the SEC, including the Kraken’s $30 million penalty over its staking offering, which pushed many exchanges to halt staking services in the country.

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“Back in 2023, SEC Chair Gary Gensler said that most staking providers failed to provide customers with proper disclosures, such as how a company is protecting a user’s staked assets,” McLoughlin said.

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According to Uphold CEO Simon McLoughlin, the company rescinded staking in the US amid the lack of regulatory clarity and an arbitrary “regulation by enforcement” regime maintained by Gary Gensler-headed SEC.

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Uphold’s staking return comes in response to softening crypto regulations in the US, with the Securities and Exchange Commission (SEC) dropping multiple crypto cases, including those against the US largest crypto exchange, Coinbase.

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After resuming crypto staking in the United Kingdom in early February, Uphold has now relaunched the feature in the US, the firm said in an announcement shared with Cointelegraph on Monday, March 3.

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Decentralizing communication networks such as the internet is not a theoretical concept — its usability has already been proven.

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Every four years, the number of BTC mined per block, a bundle of transaction data stored on the blockchain, is reduced by half. The April event reduced mining rewards from 6.25 BTC to 3.125 BTC per block.

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Blockchain security firms, including Arkham Intelligence, have identified North Korea’s Lazarus Group as the likely culprit behind the Bybit exploit.

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https://warpcast.com/jodie0elijames/0xaa8603fb

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“If you have evidence of Jupiter employees leaking information or otherwise sniping, please reach out directly,” Jupiter stated. “If we discover any team members acted on non-public information, we will take quick and decisive action,” it said, adding:

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South Korean lawmaker Kim Nam-kuk has been acquitted of charges related to concealing cryptocurrency holdings. The court ruled that he was not legally required to disclose virtual assets under the country’s laws at the time.

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Dogecoin rallied more than 11% following the latest developments around Elon Musk’s agency for US governmental efficiency.

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The platform is currently offering over $181 million worth of bug bounties for ethical hackers, also known as white hat hackers.

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Immunefi is the largest onchain crowdsourced cybersecurity platform, safeguarding over $190 billion in user funds.

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“There’s a lot of demand for Bitcoin yield,” Hougan added. “Even if you’re getting a 3% yield, it’s attractive compared to other options.”

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“Everything aligns for Bitcoin staking being a significant market,” Matt Hougan, Bitwise’s head of research, told Cointelegraph.

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The growth potential for BTC staking is especially strong, with a total addressable market in the hundreds of billions of dollars, two of the executives said. As of Dec. 30, Bitcoin staking commands roughly $5.5 billion in TVL, according to Staking Rewards.

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The Fed’s “preferred” inflation gauge, the Personal Consumption Expenditures (PCE) index, is due for release after the FOMC on Dec. 20, with initial jobless claims coming a day prior.

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“This week, the Fed will cut rates by 25 basis points again as the labor market weakens,” Kobeissi continued.

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Kobeissi reported the latest findings from asset manager Apollo, which released a warning that the Fed could conversely begin to raise rates again in 2025.

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