by Penny Angeles-Tan | Dec 10, 2024 | Business
Unlock Bitcoin’s potential with Babylon and Bitrue! Stake BTC to earn rewards, strengthen Proof-of-Stake networks, and enjoy flexible interest rates up to 2.3% APR. Discover secure, innovative staking today.
Bitcoin (BTC), known as a store of value and the most prominent cryptocurrency, is evolving into a more dynamic financial asset. With the advent of Babylon, BTC holders now have an opportunity to stake their assets to earn rewards while bolstering the security of Proof-of-Stake (PoS) blockchain networks.
In collaboration with Bitrue, Babylon offers an innovative platform for BTC staking, allowing users to unlock the potential of their digital assets. Let’s dive into the key aspects of this partnership, how it works, and why it’s generating buzz in the crypto world.
Staking BTC on Babylon via Bitrue
Bitrue and Babylon enable users to stake Bitcoin seamlessly through a recently announced partnership. This collaboration enhances Babylon’s adoption and provides Bitrue users with easy access to Bitcoin staking and its associated benefits.
Benefits of Staking BTC on Bitrue
There are many benefits of staking BTC on Bitrue, such as:
1. Maximum Yield Results: Earn competitive returns by participating in BTC staking.
2. Safe and Measurable Restaking: A transparent and secure process for reaping rewards.
3. Fast Unbonding: Quick withdrawal of your staked BTC when needed.
4. Daily Rewards: Earn Babylon points and staking rewards directly through Bitrue.
These features make Babylon’s platform user-friendly while providing tangible incentives for staking participation.
Key Advantages of BTC Staking
Staking BTC on Bitrue via Babylon brings two notable rewards:
1. Babylon Points
Babylon points are distributed daily based on the amount of BTC staked by users about the total staking pool. The calculation accounts for factors such as:
– On-chain staking successes or failures.
– Quota returns.
– Commission payments to finality providers.
To track their earnings and optimize staking strategies, participants can monitor their Babylon points through Bitrue’s “My Holdings” section.
2. Flexible Interest Rates
Users can enjoy an Annual Percentage Rate (APR) that starts at 1.3% and increases up to 2.3% through Bitrue’s Flexible Income feature. This flexible interest model incentivizes user participation, with APR increments based on successful referrals:
1 Invite: APR increases to 1.46%.
2 Invites: APR grows to 1.63%.
3 Invites: APR reaches 1.83%.
4 Invites: APR climbs to 2.05%.
5 Invites: Unlocks the maximum APR of 2.3%.
By inviting friends and expanding the Bitrue user base, participants can maximize their earning potential during the promotional period.
What is Babylon?
Babylon is a cutting-edge protocol designed to convert Bitcoin into a productive asset by integrating it into the PoS ecosystem. This transformation supports the security of PoS networks while allowing BTC holders to earn staking rewards.
By leveraging advanced cryptographic techniques and self-custody mechanisms, Babylon ensures users retain full control of their funds during staking.
Core Features of Babylon
Some of the key features of Babylon are:
1. Unmediated Operations: Completely permissionless and decentralized, Babylon removes intermediaries from the staking process.
2. Bitcoin Script Compatibility: Utilizes Bitcoin scripts to enable staking and slashing mechanisms.
3. Economic Stability: Strengthens PoS networks while providing financial incentives to users.
Babylon’s innovative approach is reshaping how Bitcoin operates within the broader blockchain landscape.
Meet the Babylon Team
Babylon’s team includes experts from academia, engineering, and business sectors, such as:
1. David Tse (Co-Founder): Stanford University professor leading algorithm development.
2. Mingchao Yu (CTO): Oversees technical aspects and protocol efficiency.
3. Xinshu Dong (Chief Strategy Officer): Focuses on partnerships and market opportunities.
4. Adam Ettinger (Chief Legal Officer): Ensures compliance with crypto regulations.
The team’s diverse expertise ensures the protocol’s reliability, security, and growth in the blockchain ecosystem.
Babylon Ecosystem and Strategic Partners
Babylon collaborates with over 87 strategic partners, including DeFi platforms, digital wallets, custodians, and the Cosmos ecosystem. These partnerships enable seamless integration between Bitcoin and PoS networks, expanding Babylon’s reach and utility.
For instance:
1. Integration with Cosmos enhances interoperability for Bitcoin staking across multiple blockchains.
2. Support from digital wallets ensures security and accessibility for users.
Babylon’s network is pivotal in bridging Bitcoin’s potential with the DeFi world.
Security and Future Potential
Babylon employs robust security measures, including a decentralized sequencing system and advanced time-stamping protocols, to create a secure staking environment. As adoption grows, its security features inspire confidence among users.
The $1.5 Trillion Opportunity
Babylon has already achieved significant milestones, with 24,000 BTC (~$1.5 billion) staked in its second round. This reflects the untapped potential of Bitcoin staking in DeFi. With a secure protocol, Babylon aims to activate dormant Bitcoin reserves, increasing market liquidity and furthering Bitcoin’s integration into decentralized finance.
How to Get Started
Starting December 10, 2024, at 11 AM UTC, you can begin staking BTC via Bitrue. Follow these steps:
1. Ensure you have Bitcoin in your Bitrue account.
2. Visit the staking section on the Bitrue platform for a detailed guide.
3. Study the risks involved and proceed confidently.
Conclusion
Babylon’s partnership with Bitrue marks a turning point in Bitcoin’s journey from a passive store of value to a dynamic, profit-generating asset. By offering secure and efficient staking solutions, Babylon empowers BTC holders to participate in the evolving DeFi ecosystem.
Whether you’re an experienced crypto enthusiast or new to staking, this innovative platform provides an accessible way to grow your assets while contributing to blockchain security.
by Penny Angeles-Tan | Dec 9, 2024 | Business
Discover Babylon, Transforming Bitcoin (BTC) into a dynamic asset that secures Proof-of-Stake blockchains while earning rewards. Explore staking benefits, seamless integrations, and enhanced DeFi utility for BTC holders.
Babylon is a groundbreaking project aimed at reshaping the utility of Bitcoin (BTC) by enabling its holders to enhance the security of Proof-of-Stake (PoS) blockchains while earning yield.
This innovative approach allows Bitcoin to transcend its traditional role as a store of value or medium of exchange and become an active participant in the decentralized economy.
What is Babylon?
Babylon introduces a staking protocol that allows Bitcoin holders to secure PoS blockchains without needing to bridge, wrap, or hold their BTC in custody.
By leveraging Bitcoin’s inherent strengths—its timestamping service, blockspace, and asset value—Babylon unlocks new possibilities for integrating Bitcoin into decentralized finance (DeFi).
This protocol is particularly impactful for PoS ecosystems like Cosmos, Polygon, and Bitcoin Layer 2s, offering enhanced economic security and scalability. By doing so, Babylon positions Bitcoin as a critical asset for securing the broader blockchain ecosystem.
How Does Babylon Work?
Babylon has several main components, here is a detailed explanation that you can study in more depth.
1. Bitcoin Staking Protocol
Babylon’s staking protocol allows Bitcoin holders to stake their BTC directly to secure PoS chains, app chains, and dApps. Unlike traditional staking, Babylon’s approach does not require Bitcoin to be bridged or held by third parties, significantly reducing risks.
– Security: Staked BTC remains safe and withdrawable, provided participants act in good faith. The protocol also ensures prompt unbonding of staked assets using the Bitcoin timestamping protocol, eliminating delays and social consensus dependencies.
– Compatibility: Designed as a modular plug-in, the protocol integrates seamlessly with various PoS chains, making it a versatile solution for enhancing blockchain security.
2. Bitcoin Timestamping Protocol
This protocol timestamps blockchain events onto the Bitcoin network, borrowing Bitcoin’s robust security features to enhance PoS network integrity.
– Long-range Attack Prevention: By tying PoS blockchain data to immutable Bitcoin timestamps, Babylon protects against malicious forks and chain manipulation.
– Efficiency: It supports fast stake unbonding, reduces security costs, and facilitates cross-chain synchronization without social consensus.
3. Bitcoin Data Availability Protocol
This protocol uses Bitcoin’s blockspace to provide a censorship-resistant layer for PoS chains, ensuring critical data remains accessible and secure. It enhances blockchain reliability, making Babylon an invaluable tool for decentralized applications.
Key Benefits of Babylon
1. Expanding Bitcoin’s Utility
Babylon transforms Bitcoin from a passive store of value into an active financial tool. BTC holders can now earn rewards while contributing to the security of PoS networks.
2. Strengthening PoS Blockchain Security
Babylon leverages Bitcoin’s Proof-of-Work (PoW) security to enhance the resilience of PoS chains against attacks, particularly in their early stages of development.
3. Increasing Capital Efficiency
The protocol enables BTC holders to stake their assets without compromising liquidity, thereby increasing the capital efficiency of Bitcoin within the DeFi ecosystem.
4. Fast and Flexible Unbonding
Unlike traditional staking systems, Babylon offers a swift unbonding process, ensuring users can access their funds promptly while maintaining flexibility.
Funding and Partnerships
Babylon’s vision is supported by a robust team, including co-founders David Tse and Fisher Yu, alongside expert advisors. The project has garnered significant funding, raising over $18 million in December 2023 from leading investors such as Polychain Capital, OKX Ventures, and Polygon Ventures.
Babylon’s growing ecosystem boasts partnerships with Lombard, Akash Network, Binance Web3 Wallet, Injective (INJ), and others, further solidifying its market position and expanding its integration potential.
Implications for the Blockchain Ecosystem
1. For Bitcoin Holders
Babylon offers a secure, self-directed custodian mechanism for staking BTC, providing a passive income stream while maintaining control over their assets. This setup eliminates the risks associated with third-party custody, making staking accessible and safe.
2. For PoS Networks
Babylon’s protocols address critical challenges like long-range attacks and data availability, ensuring PoS networks remain secure and efficient. This is particularly beneficial for new chains, which often face security vulnerabilities during their early stages.
3. For Decentralized Finance
By integrating Bitcoin into PoS networks, Babylon enhances cross-chain interoperability and opens new avenues for Bitcoin’s role in the decentralized economy.
Conclusion
Babylon represents a paradigm shift in blockchain security and Bitcoin utility. Its innovative protocols enable Bitcoin holders to actively participate in securing PoS ecosystems while earning rewards.
By bridging Bitcoin’s PoW strengths with PoS flexibility, Babylon is poised to redefine the decentralized economy, fostering greater security, efficiency, and interconnectedness across blockchains.
As the blockchain space continues to evolve, Babylon stands out as a pioneer, unlocking Bitcoin’s potential to safeguard the decentralized future.
For additional information, if you want to stake Babylon, you can join the campaign that is being held by Bitrue. You can get dual rewards by earning Babylon points while getting 2.3% APR on your BTC.
by Penny Angeles-Tan | Dec 8, 2024 | Business
Bitcoin surpasses $100,000 for the first time, marking a historic milestone in cryptocurrency’s evolution. Explore its institutional adoption, political support under President-elect Trump, and future prospects in the financial mainstream.
In a historic moment for the financial world, the price of Bitcoin surged past $100,000 for the first time on Wednesday, peaking at $103,844.05. This milestone reflects a dramatic increase of over 45% since November 5 and more than 140% year-to-date in 2024.
The rise comes amid an increasingly crypto-friendly political environment, fueled by President-elect Donald Trump’s promises to support the industry.
As you can see from the price chart above, at the time of writing this article on December 5, Bitcoin was at $101,904 with a 5.54% increase. In fact, in the last 24 hours, the price of BTC reached $112,000.
A New Chapter for Bitcoin
Bitcoin, launched 15 years ago by an unknown entity under the pseudonym Satoshi Nakamoto, has transcended its origins as an experimental digital currency. Initially envisioned as a peer-to-peer payment system, many now view Bitcoin as a store of value and a hedge against geopolitical instability and inflation.
Institutional interest in cryptocurrency has skyrocketed, with exchange-traded funds (ETFs) playing a pivotal role.
BlackRock’s iShares Bitcoin Trust ETF, the largest of its kind, has seen significant growth since its launch in January, now valued at over $45 billion.
“There’s growing interest across institutional and wealth-management spaces,” said Jay Jacobs, BlackRock’s U.S. head of thematic and active ETFs. ETFs have simplified Bitcoin investment, allowing mainstream and institutional investors to capitalize on its volatile yet lucrative price movements.
Political Winds Favoring Crypto
President-elect Donald Trump’s surprising pivot from crypto skepticism to advocacy has invigorated the industry. During his campaign, Trump pledged to establish a U.S. Bitcoin “strategic reserve,” eliminate taxes on crypto transactions, and create policies to encourage domestic Bitcoin mining.
His pick of Paul Atkins, a known crypto advocate, as the next SEC Chair signals a likely shift toward lighter regulation, contrasting with the strict enforcement under outgoing Chair Gary Gensler.
Trump’s engagement with the crypto community extends beyond policy. From headlining the Bitcoin Conference in Nashville to using Bitcoin for a high-profile purchase in Manhattan, he has actively courted the crypto demographic.
His administration also plans to establish a dedicated crypto policy role in the White House, marking an unprecedented move in U.S. financial governance.
Market Reactions and Future Prospects
Bitcoin’s rally has sparked renewed interest in the broader cryptocurrency market. Altcoins like Ethereum Classic (ETC) and Bitcoin SV (BSV) have seen double-digit percentage gains, reflecting broader market enthusiasm.
Experts suggest the bull market is far from over, with eToro’s Josh Gilbert noting, “This feels like the early stages of a sustained rally.”
However, Bitcoin’s notorious volatility remains a cautionary tale. Market analysts warn against overexuberance, emphasizing the potential for price corrections. Pav Hundal of Swyftx remarked on the momentum but advised caution, noting that “assets rarely rise in a straight line forever.”
A Paradigm Shift in Financial Markets
Bitcoin’s ascent has drawn comparisons to gold, with Federal Reserve Chair Jerome Powell describing it as a “digital competitor to gold” rather than a rival to traditional currencies. Institutional players like Fidelity, Invesco, and Charles Schwab are preparing to enter the crypto market, underscoring Bitcoin’s growing legitimacy.
Mike Novogratz, CEO of Galaxy Digital, summed up the sentiment: “We’re witnessing a paradigm shift. Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream.”
Looking Ahead
As Trump prepares to take office in January, the cryptocurrency community is optimistic about a regulatory environment that fosters innovation and mainstream adoption. While challenges remain—from security concerns to potential regulatory hurdles—Bitcoin’s milestone signals a transformative moment for the financial landscape.
The road ahead may not be smooth, but with institutional adoption rising and political support strengthening, Bitcoin’s journey from a niche asset to a global financial staple appears inevitable. Whether this surge heralds a new era or is merely another peak in its volatile history, one thing is clear: Bitcoin has cemented its place in the financial world.
Conclusion
The strengthening of support for Bitcoin has made cryptocurrency more trusted and investors with traditional investment instruments are slowly looking at crypto. If you are one of those people, make sure to always do in-depth research, from technical to fundamental crypto tokens must be checked carefully.
You don’t need to be confused about how and where to do this reliable research. Because, Bitrue can help you. There are many features that you can use to do independent research, from checking BTC prices in real time, converting BTC prices to USD easily, to reading the latest information on the crypto ecosystem for free on the Bitrue blog.
Bitrue will be your reliable crypto investment buddy. In fact, Bitrue often holds airdrop events and deposit contests so you can get maximum benefits in investing.
by Penny Angeles-Tan | Dec 7, 2024 | Business
Explore Ethereum’s (ETH) journey to $3,900 and beyond with bullish predictions for 2025 and 2030. Discover key drivers like institutional inflows, whale activity, DeFi growth, and network upgrades, alongside critical resistance levels and long-term outlooks.
As the second-largest cryptocurrency by market capitalization, Ethereum (ETH) continues to captivate the market’s attention. Amid broader volatility, ETH’s performance suggests strong bullish momentum, supported by institutional interest, increasing on-chain activity, and favorable market sentiment.
Recent Performance and Price Movement
At the time of writing, ETH is trading at $3,895 after experiencing a 5.06% increase with its highest price in 24 hours being $3,901. The current ETH RSI value is even at 72 which means the buying trend is more dominant than the selling trend, even tending to be overbought.
The daily trading volume surged by 4% to over $42 billion, reflecting heightened investor activity. ETH has rebounded above the critical $3,500 resistance level, with technical indicators like the 50-day EMA crossing above the 200-day EMA signaling potential for further gains.
The uptrend aligns with a broader market shift. Bitcoin (BTC) recently reached $100,000, boosting investor confidence across the altcoin market, including Ethereum. However, ETH’s price remains 21% below its all-time high (ATH) of $4,891, set in November 2021.
Institutional Activity and ETFs Driving Growth
Institutional interest in Ethereum has intensified, particularly through exchange-traded funds (ETFs). U.S.—based spot Ethereum ETFs reported eight consecutive days of net inflows, totaling $901.3 million as of early December.
Key contributors include BlackRock’s ETHA fund, with $65.3 million in inflows, and Fidelity’s FETH fund, with $73.7 million.
Despite outflows from Grayscale’s Ethereum Trust (ETHE), the overall inflow trend indicates growing confidence among institutional investors, further supporting Ethereum’s price trajectory.
Whale and Retail Activity Boost On-Chain Metrics
Ethereum whales have played a pivotal role in recent price movements. Whales holding 10K to 100K ETH increased their holdings by 460K ETH in the past week, while those with larger stakes (100K to 1 million ETH) reduced theirs by 490K ETH. This redistribution suggests a shift of ETH from institutions to retail whales.
On-chain activity has also intensified, with Ethereum registering a net outflow of $820 million from exchanges over seven days, indicating accumulation by long-term holders. The total number of Ethereum holders rose to 133.21 million on December 4, emphasizing rising retail interest.
DeFi and Network Growth
Ethereum’s decentralized finance (DeFi) sector continues to thrive, with total value locked (TVL) reaching $72.9 billion. This robust ecosystem supports broader adoption and reinforces Ethereum’s position as a foundational blockchain for DeFi, NFTs, and decentralized applications.
Furthermore, staking flows have seen consistent inflows, reflecting long-term investor confidence. A growing amount of ETH is being locked in staking protocols, reducing available supply and supporting price appreciation.
ETH Price Predictions in 2025 & 2030 and Market Sentiment
Industry experts and financial institutions are optimistic about Ethereum’s long-term potential:
- Deltec Bank predicts ETH could reach $10,000 by 2025 and $22,500 by 2030.
- Standard Chartered projects a 2025 target of $14,000, citing Ethereum’s network upgrades and potential scalability improvements.
- Gigantic-Cassocked-Rebirth (GCR) anticipates a $10,000 price point, driven by DeFi growth and adoption of Ethereum 2.0.
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Finder analysts forecast an average price of $6,105 by 2025, underpinned by institutional investment and technological advancements.
Goldman Sachs has even suggested that Ethereum could surpass Bitcoin as a store of value, thanks to its extensive use in DeFi and its foundational role in blockchain innovation.
Challenges and Key Levels to Watch
While optimism abounds, Ethereum faces significant resistance at $4,000 and its ATH near $4,891. A clear break above these levels, supported by sustained volume and on-chain activity, could validate bullish patterns like the cup-and-handle formation, potentially driving ETH toward new highs of $7,000 or beyond.
However, a daily close below $3,400 could invalidate the current bullish thesis, sending ETH toward support levels around $2,817.
Conclusion
Ethereum’s recent rally is a confluence of institutional interest, strong on-chain metrics, and technological advancements. As it edges closer to the psychologically significant $4,000 mark, ETH appears poised for a defining move. While risks remain, the long-term outlook for the leading altcoin remains promising, with the potential to reclaim its ATH and embark on a new bullish cycle.
Investors should monitor critical resistance levels, market sentiment, and macroeconomic conditions to navigate the evolving landscape effectively.
by Penny Angeles-Tan | Dec 6, 2024 | Health and Wellness
An active lifestyle can be a great way to improve your mood, making you feel happier and more energized. If you’re just finding your groove in working out, there are exciting ways to get your steps in. You can even make the experience more amazing by capping it off with a multigrain snack such as Jack ‘n Jill Nova.
Recently, Jack ‘n Jill Nova hosted NOVAmazing Moves, a series of pop-up events that aim to make movement fun and accessible for everyone through various activities. The multi-gain snack brand aims to support people’s active lifestyles, encouraging them to move with no pressure.
Whether you’re a casual or experienced mover, you can start with these five activities at home:
Dance to your heart’s content
Signing up for a dance or Zumba class can be daunting at first, especially if you’re doing it alone. Once you get past the nerves, you’ll learn to follow the beat and move to your own rhythm. If you don’t want to join a class, no problem. You can always put on your favorite playlist or follow a dance workout video online in the comfort of your own home.
Hula hoop your worries away
Another fun activity that feels like play is hula hooping. This can be a great option if you want to improve your coordination and strengthen your core without the heavy lifting. It can also be a fun bonding activity with the kids in your household.
Biking continues to be a popular activity across multiple generations. If you’ve always wanted to learn how to ride a bike, now’s the time to do it. You can also sign up for indoor biking classes, where you can pedal to lively beats and meet new people.
Running clubs are all over social media these days. Running has grown from being an activity to increase stamina and stay in shape to a community-building effort.
Grab your friends and create your own mini-running club to get your steps in. After all, exercising with friends can be a fun time.
Jump rope can be a fun workout to try because it feels like you’re just playing outside. You can even elevate your experience by jumping to some hip music and learning trendy tricks. This was one of the interactive classes enjoyed by the attendees of the NOVAmazing Moves pop-ups where they learned the basics and a few fun tricks.
These are just some quick and simple activities that can bring activeness and movement to your lifestyle. You can easily make your own NOVAmazing day by treating yourself with a bag of Jack ‘n Jill Nova, which comes in Country Cheddar, Homestyle BBQ, and Sweet Chili flavors. Grab a bag of Jack ‘n Jill Nova at any supermarkets and convenience stores near you.
For more information and updates, don’t forget to like and follow Nova’s Facebook page.Jack ‘n Jill Nova is a product of Universal Robina Corporation (URC), the maker of well-loved Pinoy snack and beverage products such as C2 Cool and Clean, Great Taste Coffee, Jack ‘n Jill Piatos, Nova, Maxx, Cloud 9, Magic Crackers, and many others.
To learn more about URC, visit its website (www.urc.com.ph), Facebook page (@URCPhilippines), and TikTok account (@URCPhilippines).
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