Dogecoin Foundation Working On Staking Model With Vitalik – December 24

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $51,022

Bitcoin price has surged back above the $51,000 mark again, as the market’s “Santa Rally” appears to go into effect.

Top-20 altcoins have also performed well, as Ethereum gains 3%, Solana rises 7% and Coin sees a 12% advance.

Top Stories for December 24, 2021 πŸ”₯

πŸ‘‰ Dogecoin Foundation Working On Staking Model With Vitalik

The Dogecoin Foundation is working on a proof-of-stake (PoS) model for Dogecoin (DOGE), in collaboration with Ethereum founder Vitalik Buterin.

A “Dogecoin Trailmap” was released by the foundation this week, showing plans to accomodate staking for all Dogecoin users to uphold the network.

The foundation was reestablished earlier this year with a new team including Vitalik, co-founder Billy Markus, developer Max Keller and contribution from Elon Musk.

πŸ‘‰ Kraken Acquires Crypto Staking Platform “Staked”

Veteran cryptocurrency exchange Kraken has acquired Staked, a non-custodial cryptocurrency staking platform for an undisclosed sum.

According to Kraken, the deal was one of the largest acquisitions to date within the industry and is the fifth acquisition made by the exchange this year.

πŸ‘‰ Japanese Crypto Taxes Driving Companies Out Of Country

Japanese individuals and companies are reportedly leaving the country over hefty tax laws, which treat token listings as taxable and charge individuals as much as 55% on gains.

A tax plan approved for 2022 will see token issuers liable to pay tax on their token reserves, even if they are not sold. The rule could force teams to sell tokens to pay the taxes, adversely affecting both the project and its token’s price.