According to the Coinbase website, "staking" is "the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards."

A federal court has authorized the Internal Revenue Service (IRS) to serve a "John Doe Summons" on the crypto exchange Kraken, seeking identities of U.S. taxpayers who have used cryptocurrency, the Department of Justice said on Wednesday.

Georgia Rep.-elect Andrew Clyde arrived in the nation's capital with the unique distinction of already having federal legislation named after him. The gun store owner gained prominence for fighting back when the IRS suddenly seized nearly $1 million from his bank account in 2013.