Staking – the practice of providing one’s tokens to help operate and secure a network, usually in exchange for rewards – is rapidly becoming a substantial ecosystem of its own as the number and market capitalization of cryptocurrencies using a “proof of stake” (PoS) consensus mechanism to verify transactions continues to grow (in contrast to electricity-intensive “proof of work” chains like Bitcoin). Staked / Kraken’s State of Staking Q2 report cataloged a number of impressive growth stats. While proof of stake’s share of the total crypto market cap increased only 2% quarter over quarter to 23%: The value of staked assets rose 61% to $68 billion Market cap of the…
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Huobi, Binance throw Justin Sun under the bus
The two exchanges have essentially repudiated their support of the mega-marketing Tron CEO’s hostile takeover of the Steem blockchain
Facing widespread anger from the Steem community, two leading cryptocurrency exchanges have thrown Tron Foundation CEO Justin Sun under the bus after initially supporting his hostile takeover of the Steem blockchain.

