Babylon Receives $70 Million Investment for Bitcoin Staking Solution

The staking function generates profits for investors by allowing them to lend any alternative cryptocurrency and decrease the amount of currency available for sale. This decrease in circulating supply can have a substantial impact and potentially lead to a rise in cryptocurrency prices. In fact, numerous crypto projects actively promote supply scarcity by establishing staking pools. A recent development in this sector involved a venture that managed to secure a $70 million investment specifically targeting Bitcoin (BTC).