The launch of Lido’s Ethereum staking solution last month was met with enthusiasm from the crypto community- and DAO’s Biz Dev Contributor says the product had “perfect product market fit”. Lido has made staking with Ethereum simpler and more lucrative than ever.
The Internal Revenue Service (IRS) has clarified that any reward or gain earned from crypto staking is considered taxable income and must be reported appropriately on tax returns. Users must report any rewards earned from staking in the section designated for income earned from investments.
Ripple XRP users now have a new way to earn passively as Bitrue just announced its offering of up to 20% annual percentage rate APR on staking XRP Staking allows users to earn rewards for holding their coins in a wallet