2023-03-28 04:20:00 ET
Summary
- Since the Ethereum network underwent a transition in the way it validates transactions from PoW to PoS in September 2022, it has been possible for validators to stake Ether in a smart contract, but it has not yet been possible to withdraw the staked ETH or earned rewards.
- A new upgrade to the Ethereum network called the Shanghai Upgrade, or Ethereum Improvement Proposal EIP-4895, is expected to change this in early April 2023.
- In February 2023, Kraken was sued by the Securities and Exchange Commission for failing to register the offer and sale of its Staking-as-a-Service program as a security in the US.
For further details see:
Withdrawal Of Staked Ether And Related Rewards Expected In Early April