Babylon, the Bitcoin staking protocol, has successfully closed a $70 million funding round led by Paradigm, with significant contributions from Bullish Capital and Polychain Capital. This pre-launch funding aims to support team growth, research, and development ahead of Babylon’s mainnet launch. The funds will be used to advance Babylon’s scalable staking and restaking features, unlocking The post Babylon secures $70 million to turn Bitcoin into PoS security backbone appeared first on CryptoSlate.

President Joe Biden’s re-election campaign has reportedly initiated a significant outreach to the crypto industry, according to a new report from The Block. Marking a notable shift from his previous stance, this engagement, which reportedly began approximately two weeks ago, involves seeking guidance from key figures in the crypto sector on community and policy matters. The post Biden campaign reportedly seeking help from crypto industry to rebuild new policy appeared first on CryptoSlate.

Token standards are rules and protocols that dictate how tokens function on a blockchain. Different blockchains have their own token standards to ensure interoperability, security, and efficiency. Here are some of the key token standards across the top 10 blockchains with Turing complete environments Ethereum, Solana, BNB, and XRP: Ethereum Token Standards Ethereum has developed The post Differences in token standards across top 10 blockchains and what they do appeared first on CryptoSlate.

Dune, a prominent web3 data analytics platform, has introduced Dune Catalyst, an enterprise solution designed to streamline blockchain data integrations. This new offering aims to assist blockchain teams in making their data accessible to the world’s largest crypto data community through either a fully managed or hosted solution. Interested parties can schedule a call via The post Dune launches enterprise solution Catalyst to streamline blockchain data integration appeared first on CryptoSlate.

Riot Platforms announced a proposal to acquire Bitfarms for US$2.30 per share. This acquisition would create the world’s largest publicly listed Bitcoin miner, delivering substantial value to shareholders. Riot has already acquired a 9.25% stake in Bitfarms, becoming its largest shareholder, and plans to request a special meeting of Bitfarms’ shareholders to add new independent The post Riot CEO claims Bitfarms not acting in best interests of shareholders amid acquisition rejection appeared first on CryptoSlate.