China News by Thebittimes.Com

In August 2024, the launch of Babylon Protocol introduced the possibility to stake Bitcoin (BTC) and earn passive income from it while maintaining the self-custody security standard. Now, protocols like the Pell Network create another liquidity layer, introducing Bitcoin restaking in an omnichain approach. Finbold has also covered other ways investors can earn passive income with crypto, even getting rewarding exposure to the U.S. dollar. We have also reported on how Cardano is integrating Bitcoin natively to its decentralized finance ecosystem (DeFi), unlocking some doors to BTC staking. Passive income with Bitcoin staking via Babylon Protocol Interestingly, Babylon is gaining popularity thanks to its novel approach to BTC staking using programmable Features of the Bitcoin blockchain. The protocol leverages Bitcoin timestamps to lock BTC units in a self-custody wallet under two potential triggers. ...

Coinbase has rolled out trading support for the brand-new native token of an Ethereum (ETH) layer-2 restaking protocol. Customers at the top US crypto exchange can now buy and sell SWELL, which launched on Thursday. SWELL is the governance token for the Swell Decentralized Autonomous Organization (DAO), which manages the development and growth of the restaking protocol. SWELL also secures the project’s layer-2 infrastructure. Explains the project’s whitepaper, “Swell’s mission is to create a more secure, decentralized and transparent financial future for the world that does not discriminate or censor economic freedom. The beginning of that journey for Swell starts with continuing to advance liquid staking as one of the fundamental building blocks of modern-day decentralized finance (DeFi) that is composable and fully integrated with the Ethereum ecosystem.” Coinbase added the “experimental label” to SWELL, which the platform assign...