Triple digit rewards of staking offer respite to cryptocurrency investors

The recent guidance by the US on transaction reporting by crypto companies is shining some light on staking - one of the least understood but hottest corners of the digital-asset world.

The recent guidance provided by the US Treasury Department on transaction reporting by crypto companies is shining some light on staking — one of the least understood but hottest corners of the digital-asset world.  

Treasury indicated on Friday that “stakers” would be spared from forthcoming rules that are more targeted for brokers rather than investors using their tokens to help order transactions that create new blocks on various blockchain networks. That’s especially good news for crypto investors seeking a refuge amid the recent downturn in coin prices. 

Staking has been booming in part because of the incentive-based aspect of crypto where various