Chain News Today TheBitTimes.com

Orbitt (ORBT), a Solana-based (SOL) crypto platform, has launched a staking program with nearly $2 million in rewards, as outlined in the most up-to-date reports shared with Finbold on Tuesday, December 3.  Launching on December 3, the staking initiative allows ORBT holders to generate passive income by relying on Orbitt’s buyback mechanism to not only enhance their holdings but also contribute to ecosystem growth. Orbitt staking program In addition to staking rewards, ORBT stakers will gain access to Orbitt PAD, a new launchpad for exclusive, rigorously tested projects.  Picks for you 5 promising cryptocurrencies Coinbase just added to the COIN50 index 40 mins ago AI predicts Chainlink (LINK) price for year-end  ...

Babylon’s Bitcoin staking launch on August 22 drove transaction fees to $132-$137. Over 12,700 stakers quickly filled the “locking-only phase” of Babylon’s program. Babylon raised $70M in May 2024, following an $18M Series A in December 2023. On August 22, Babylon, a pioneering Bitcoin staking system, marked a significant milestone with the launch of the first phase of its self-custodial mainnet. The self-custodial mainnet allows Bitcoin (BTC) to be staked via smart contracts, extending its utility beyond its traditional roles as a medium of trade and a store of wealth. Bitcoin transaction fees rise from under $1 to $137 The debut of Babylon’s staking program led to a notable surge in Bitcoin transaction fees. Early on August 22, the average fee was under $1, but it skyrocketed to between $132 and $137 as the staking system went live. This dramatic increase was driven by a rush of users eager to participate, resulting in a fee...