The tax authority refuses to treat crypto staking rewards like it does similar property The IRS is maintaining its stance on the taxation of cryptocurrency staking rewards, sparking continued legal challenges and debates. The agency insists that staking rewards should be treated as taxable income upon receipt, countering arguments from taxpayers advocating for these rewards
The solution is another way decentralized finance is gaining momentum Liquid staking protocol pStAKE Finance has disclosed its staking solution for Bitcoin in the latest evolution of Bitcoin-based decentralized finance (DeFi). pSTAKE Finance’s Binance Labs-backed solution, constructed using Babylon’s Bitcoin staking protocol, seeks to simplify the Bitcoin staking process and offer more earnings opportunities for Bitcoin investors.
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