Former Ripple CTO David Schwartz outlined a theoretical XRP staking design aimed at creating a tax-defensible framework against IRS overreach. He explained that if staking rewards are newly minted tokens, taxation should only occur upon sale, likening it to knitting a sweater before selling it. Conversely, if rewards are transferred from existing tokens, they are taxable immediately. This concept is significant as it addresses the legal nuances of crypto staking taxation and marks a shift from Schwartz's earlier critical stance on XRP staking risks. However, XRP staking remains technically unavailable due to the network's consensus model, so holders currently rely on third-party platforms with associated risks.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Ripple executives urged the U.S. Senate to pass the CLARITY Act, warning that rejecting the bill would maintain regulatory gaps exposing crypto users to risks similar to the FTX collapse. The Act aims to clarify oversight by sharing authority between...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
The XRP Ledger's fixCleanup3_2_0 amendment has entered its final two-week activation countdown after securing 85.71% validator support, surpassing the required 80% threshold. This upgrade bundles multiple protocol fixes for lending, permissioned doma...
