Ether losses build as crypto investors weigh the future of staking after Kraken exchange's SEC settlement
Publishing timestamp: 2023-02-10 12:49:58
Summary
The price of Ether and Bitcoin dropped on Friday due to fears of a U.S. regulatory crackdown on crypto staking. Kraken closed its staking program as part of a $30 million settlement with the SEC, and Coinbase CEO Brian Armstrong warned of a potential regulatory crackdown on staking services. Staking is only available on networks like Ethereum that use a "proof-of-stake" protocol, while Bitcoin uses a "proof-of-work" protocol.
Sentiment: NEGATIVE
Tickers: ETH.CM=, COIN, BTC.CM=,
Keywords: ethereum/usd coin metrics, cryptocurrency, bitcoin/usd coin metrics, markets, business news, investment strategy, coinbase global inc,