Genesis staking refers to a process where participants lock up their cryptocurrency assets to support the operation of a blockchain network from its initial phase. This mechanism often occurs during a network’s launch, allowing early investors to contribute to its security and functionality.In return for staking their assets, participants can earn rewards, typically in the form of additional tokens or interest. The amount of rewards may depend on the number of tokens staked and the duration of the staking period.Genesis staking is appealing because it offers the potential for substantial returns during the early days of a network when growth and adoption can lead to increased token value. However, it also comes with risks, such as the possibility of losing access to staked assets if the network does not succeed. Overall, genesis staking enables users to engage with new blockchain projects actively while also providing essential support to their development and sustainability.

UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the