  The biggest crypto news and ideas of the day Feb. 21, 2022 Was this newsletter forwarded to you? Sign up here. Supported by 
Welcome to The Node, President's Day edition.
Today's newsletter is shorter in honor of George Washington's birthday. Back to the usual programming tomorrow, Feb. 22. (Did you know the founding fathers used bitcoin? At least according to Alan Greenspan.)
Questions? Feedback? We'd love to hear from you – simply reply to this email.
Today's must-reads Top Shelf  OPENSEA THEFT: A number of OpenSea users have fallen victim to what appeared to be a phishing attack on Sunday, according to the NFT marketplace and security company PeckShield. The attack may have utilized a fake email impersonating OpenSea representatives to get victims to interact with malicious code. Some 32 traders were thought to have lost $1.2 million in NFTs, though OpenSea has since revised their estimate to 17 attacked accounts. The attack does not appear active and more information is forthcoming, OpenSea said.
MINING: Georgia and Illinois are looking to introduce tax incentives for crypto mining. According to a bill introduced last week, Georgia legislators are proposing tax exemptions for the sale or use of electricity in crypto mining activities. An Illinois Senate bill introduced in late January is also looking to extend an existing tax incentive for data centers to crypto mining. Kentucky and Texas have also floated tax incentives to attract crypto mining capacity set adrift after last year's ban in China.
CRYPTO AT ITS BEST? Ethereum founder Vitalik Buterin criticized the Canadian government's efforts to freeze protesters' bank accounts last week. Buterin, who grew up in Canada, told CoinDesk TV in Denver that "decentralized technology is there to make [it] more difficult" to cut off financial flows without due process. Elsewhere, a DAO led by a 10-year veteran of Cisco Systems' legal department is trying to raise $4 billion to buy the U.S. National Football League's Denver Broncos while Bob Diamond, once Lehman Brothers' "bargain hunter," is the man behind the "acquisition company" looking to take stablecoin issuer Circle public at $9 billion (twice the initial valuation).
EURO RULES: Russia is still tussling over how to regulate crypto, while Italy has published new anti-money laundering (AML) rules for crypto firms. The rules, approved in January, outline registration and reporting requirements for virtual asset service providers (VASP) that align with the European Union's fifth AML directive and the Financial Action Task Force (FATF) guidelines for crypto firms.
BUSINESS LINES: IBM, the 110-year-old computing giant that dove head first into "enterprise blockchain" in 2016, is now carefully positioning its hardware security and cloud computing capabilities around the safekeeping of cryptocurrencies and digital assets. Although crypto custody is a crowded field, the company will aim to leverage its existing reputation and relationships with banks and governments to serve as a "layer 0" as enterprises adopt public blockchains. Meanwhile, crypto exchange FTX.US is launching a new gaming business.
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What others are writing... Off-Chain Signals 
 Taxes: Understand them. Minimize them. Avoid them. Follow along with our continuing coverage.
You May Owe Crypto Taxes on These Surprising Things in 2022 If you're one of the millions of people who bought crypto for the first time in 2021, you might be in for a surprise when you do your taxes.
US Crypto Tax Year 2022: Inflation-Based Changes to Know To offset the impact of rising inflation, the IRS has revised a number of tax provisions to let people keep more of their money in their wallets for the 2022 tax year.
The Chaser... 
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Monday, February 21, 2022
17 Users Hit by OpenSea Phishing Scheme
Friday, February 18, 2022
ETH 2.0 Staking Now with a New 3.2ETH Minimum and 25% APY [more Inside]
  ETH STAKING INCENTIVES: 25%+ APY Paid Immediately
Taking another step closer to ETH 2.0, we are launching a 25% APY Promotion for the next 640 000 ETH Staked. On top of that, you can stake your ETH at a much lower minimum of 3.2+ ETH. You will be credited with the entire ETH amount you staked, plus the Yield available to you in the form of stETH token within 2 hours of staking - considering the load of the network.
The money is insured by several community-driven foundations tasked with bringing about ETH 2.0 sooner than the initially expected 2 years.
Your balance is updated periodically by the Ethereum network rules as you carry (or fail to carry) out your responsibilities. Your validator has its balance with the initial balance outlined in the deposit contract. Your rewards and penalties are reflected in your validator's balance over time. Arguably the most impactful factor on rewards earned for validating transactions is the total amount of stake in the network. In other words, the total amount of stakers. Depending on this figure the max annual return rate for a staker can be anywhere between 24 and 26%.
What is Staking? The Beacon Chain will introduce proof-of-stake to Ethereum. This is a new way for you to help keep Ethereum secure. Think of it like a public good that will make Ethereum healthier and earn you more ETH in the process. In practice, it will involve you staking ETH in order to activate staker software. As a staker you'll process transactions and create new blocks in the chain.
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