• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Sunday, September 24, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Launches staking for Ethereum, Altcoins

August 19, 2022
in Altcoins
Reading Time: 2 mins read
A A
Launches staking for Ethereum, Altcoins
ShareShareShareShareShare

Crypto exchange Gemini recently announced that it’s launching staking services for a bunch of Altcoins including Ethereum. The official statement read,

“As of today, you can start staking MATIC on the Polygon network, Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Audius (AUDIO) support will be launched soon.”

Related articles

FTX’s one-time law firm denies awareness of fraud, moves to dismiss lawsuit

FTX’s one-time law firm denies awareness of fraud, moves to dismiss lawsuit

September 23, 2023
Op-ed: Duopoly in digital mapping

Op-ed: Duopoly in digital mapping

September 23, 2023

Staking, as such, is the process by which investors can fetch passive income for HODLing crypto assets. Staking service providers, on their part, used staked coins to enhance the security of the underlying blockchain networks.

The market has been quite indecisive of late. Post US’s inflation numbers were out last week, the markets rallied. However, when the minutes of the FOMC meeting were released a day back, the market started trading in the red. In fact, on Friday, there was blood all across the board, for the market noted an abrupt crash. Right from Bitcoin and Ethereum to top alts, the entire crypto-sphere was blood-soaked.

Resultantly, it goes without saying that HODLers rely on stable passive income derived via staking during such turbulent phases. Data from staking rewards revealed that Solana’s had one of the highest staking ratios [74%]. Polygon’s MATIC stood next with 33%. Polkadot and Ethereum’s numbers stood at a modest 14% and 11% respectively. The rewards for staking the said alts varied from 4% to 12%.

Commenting on the launch of the staking service, Franck Kengne, Product Manager at Gemini said,

“The launch of Gemini Staking underscores our continued commitment to offering a full suite of innovative options for our customers to put their crypto assets to work. We continue to seek out new ways to help our customers grow their crypto portfolios and tailor them to their risk appetite — staking is an important next step in that evolution.”

Notably, staking is the second yield-generating product launched by Gemini. They already have another program called Gemini Earn. Both Staking and Earn allow users to earn a yield on your crypto. However, there’s a major difference. Chalking out the same, the official blog post highlighted,

“Gemini Staking offers a seamless way to further explore the world of crypto and help secure and validate blockchain transactions, with yield generated through crypto rewards paid out to validators. With Gemini Earn, we partner with accredited and thoroughly vetted third-party borrowers who deliver yield to Gemini users generated through payment of interest on loaned assets.“

Staking hype inflates ahead of Ethereum’s Merge

Well, Gemini is not the only firm tapping on the staking hype ahead of Ethereum’s Merge. Companies like Coinbase have already climbed onto the bandwagon, despite regulatory concerns haunting them. Earlier in August, the crypto exchange had offered staking to domestic institutional clients in the US and intends to become the leading staking provider going forward.

Also Read: Can Staking aid Coinbase to improve its Q3-Q4 performance?

In fact, tweeting on similar lines, Gemini’s co-founder Cameron Winklevoss said,

“.. we listen closely to our community. With the upcoming ETH merge we’ve seen growing excitement around staking and we’re looking forward to introducing staking support for many more tokens in the future. Amazing awaits.”


Credit: Source link

ShareTweetSendPinShare
Previous Post

Whitepay Introduces Crypto Payments to Ukraine’s Tech Stores – Bitcoin News

Next Post

Bitcoin (BTC) drops under 200 WMA, overall crypto market tanks

Related Posts

FTX’s one-time law firm denies awareness of fraud, moves to dismiss lawsuit

FTX’s one-time law firm denies awareness of fraud, moves to dismiss lawsuit

September 23, 2023

A law firm that once provided services to FTX defended itself and attempted to dismiss a class action suit through...

Op-ed: Duopoly in digital mapping

Op-ed: Duopoly in digital mapping

September 23, 2023

The following is a guest post from Ali Husain, an advisor at Navigate.While Web3 has offered an alternative to the...

Shrimp and whales surge ahead in shifting Bitcoin balance landscape

Shrimp and whales surge ahead in shifting Bitcoin balance landscape

September 23, 2023

Quick Take From March 2020 to September 2023, the landscape of Bitcoin entity balance dominance witnessed a notable shift. The...

Debt nation: The unsustainable rise of debt in the U.S.

Debt nation: The unsustainable rise of debt in the U.S.

September 23, 2023

The post Debt nation: The unsustainable rise of debt in the U.S. appeared first on CryptoSlate. Credit: Source link

5 Most Important Trends in DeFi: Unpacking Token 2049

5 Most Important Trends in DeFi: Unpacking Token 2049

September 23, 2023

The following is a guest post from Srikumar Misra, founder at aarnâ protocol.A quintet of interwoven vectors: DeFi, stablecoins, AI,...

Load More
Next Post
Bitcoin (BTC) drops under 200 WMA, overall crypto market tanks

Bitcoin (BTC) drops under 200 WMA, overall crypto market tanks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

LINQ Price Prediction Sees $1 Horizon

LINQ Price Prediction Sees $1 Horizon

September 12, 2023
Digital Fortress, Part 2: How to securely interact with Web3 websites? – Cointelegraph

Digital Fortress, Part 2: How to securely interact with Web3 websites? – Cointelegraph

September 15, 2023
Chainlink, Swift Successfully Transfer Tokenized Value

Chainlink, Swift Successfully Transfer Tokenized Value

August 31, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • FTX’s one-time law firm denies awareness of fraud, moves to dismiss lawsuit
  • Venezuela authorities seize Bitcoin mining machines
  • Why Has Stablecoin Legislation Stalled? Blockchain Association CEO Explains – Decrypt

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,572.00-0.08%
  • ethereumEthereum(ETH)$1,593.01-0.20%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.05%
  • binancecoinBNB(BNB)$210.38-0.46%
  • rippleXRP(XRP)$0.51-0.68%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • staked-etherLido Staked Ether(STETH)$1,592.96-0.17%
  • dogecoinDogecoin(DOGE)$0.061376-0.38%
  • cardanoCardano(ADA)$0.2457460.18%
  • solanaSolana(SOL)$19.50-0.09%
  • ToncoinToncoin(TON)$2.29-0.16%
  • tronTRON(TRX)$0.0835510.13%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.02-0.09%
  • matic-networkPolygon(MATIC)$0.52-0.38%
  • litecoinLitecoin(LTC)$64.960.51%
  • shiba-inuShiba Inu(SHIB)$0.0000071.81%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,613.000.08%
  • bitcoin-cashBitcoin Cash(BCH)$208.34-0.14%
  • chainlinkChainlink(LINK)$7.192.67%
  • daiDai(DAI)$1.000.03%
  • leo-tokenLEO Token(LEO)$3.84-0.48%
  • true-usdTrueUSD(TUSD)$1.00-0.04%
  • uniswapUniswap(UNI)$4.27-0.08%
  • avalanche-2Avalanche(AVAX)$8.90-0.12%
  • stellarStellar(XLM)$0.113668-1.15%
  • moneroMonero(XMR)$141.66-2.39%
  • okbOKB(OKB)$42.78-0.46%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBinance USD(BUSD)$1.00-0.05%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.270.36%
  • cosmosCosmos Hub(ATOM)$7.08-0.67%
  • hedera-hashgraphHedera(HBAR)$0.0517652.49%
  • filecoinFilecoin(FIL)$3.240.19%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • crypto-com-chainCronos(CRO)$0.0515721.99%
  • lido-daoLido DAO(LDO)$1.49-0.06%
  • quant-networkQuant(QNT)$90.760.82%
  • internet-computerInternet Computer(ICP)$2.960.76%
  • MantleMantle(MNT)$0.392618-0.32%
  • vechainVeChain(VET)$0.016973-0.55%
  • AptosAptos(APT)$5.14-0.32%
  • makerMaker(MKR)$1,297.201.49%
  • nearNEAR Protocol(NEAR)$1.11-0.99%
  • ArbitrumArbitrum(ARB)$0.82-3.52%
  • optimismOptimism(OP)$1.30-0.11%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.045432-3.55%