The world’s largest crypto exchange platform by trading volume is adding support for a new Bitcoin (BTC) staking protocol. In a new announcement, Binance says it will be adding the BTC staking project Babylon (BABY) to its massive suite of digital asset products. Babylon, which launched Babylon Genesis today, rose in value after gaining support … Read more
Understanding Proof-of-Stake and Crypto Staking Cryptocurrency staking is one aspect of proof-of-stake consensus mechanism. PoS chains make use of staked tokens to validate transactions as opposed to proof-of-work, which utilizes mining. A person’s chances of being selected to validate a new block increase with the number of tokens they bet. They get staking incentives in … Read more
With the top cryptocurrencies plummeting, crypto enthusiasts are turning to staking crypto as a profitable alternative to cloud mining. Recent data show over $80 billion in assets are now staked across PoS networks. Cloud mining used to be the popular choice but has lost favor due to high operational costs, environmental concerns, and reliance on … Read more
On Valentine’s Day of 2025, the New York Stock Exchange (NYSE) Arca filed a proposal with the SEC to allow staking for Grayscale’s spot Ethereum ETFs. This follows a series of Grayscale related filings like the Bitcoin ETF amidst the ongoing bull run. Just days ago, 21Shares became the first asset manager to file for … Read more