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Babylon Chain closes $18 million financing to bet on Bitcoin

Polychain Capital and Hack VC led the Series A funding round for Babylon Chain, a Bitcoin staking protocol for proof-of-stake networks. Polychain Capital and Hack VC led the $18 million Series A funding round for Babylon Chain, a Bitcoin (BTC) staking protocol, connecting the decentralized finance (DeFi) ecosystem to the Bitcoin blockchain. According to the…