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CoinGape 2024-02-27 21:21:19

Binance Backs Babylon to Unlock Bitcoin Staking on PoS Chains

Binance Labs, the venture capital and strategic initiative arm of Binance, has made a significant investment in Babylon, a pioneering Bitcoin staking protocol. Babylon, a project initiated by Stanford Professor David Tse and Dr. Fisher Yu in 2022, aims to revolutionize the integration of Bitcoin with Proof-of-Stake (PoS) blockchains. This investment underscores Binance Labs’ dedication The post Binance Backs Babylon to Unlock Bitcoin Staking on PoS Chains appeared first on CoinGape .

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