Sony Unveils Web3 Division and Layer 2 Network

Sony is making its long-awaited move into crypto with the launch of its new web3 division, Sony Block Solutions Labs.

Together with GM Defiers!

Bitcoin miner CleanSpark (NASDAQ:CLSK) announced a strategic partnership with Blockware Solutions to enhance its digital asset mining operations. Blockware will provide CleanSpark with proprietary software and technology solutions to optimize its mining efficiency, reduce operating costs, and maximize profitability.

Blockware will also integrate its Blockware Data product into CleanSpark's mining operations to provide real-time visibility into mining performance, enabling the company to quickly identify and resolve any issues affecting its rigs or mining pools.

The partnership is expected to help CleanSpark maintain its position as one of the lowest-cost Bitcoin miners in the industry and achieve its goal of becoming the largest publicly traded Bitcoin mining company in the United States.

🔎 Breaking Down the Latest Bitcoin Staking Protocol Launch and Surging Demand

Bitcoin transaction fees spiked by 10x on Sept. 12 as the mainnet launch of Babylon, a Bitcoin staking protocol, saw a large number of users rushing to stake their BTC.

Bitcoin transaction fees had been trending lower in recent months due to the bear market and decreased activity on the network. However, the launch of Babylon and the high demand for slots in the protocol caused a surge in transactions and drove up fees.

As of press time, the average Bitcoin transaction fee stood at 0.0001 BTC, or around $6, while the median fee was 0.00005 BTC, or roughly $3. The lowest priority transaction was able to get into a block for a fee of 0.00001 BTC, or about $0.60.

Bitcoin Staking Protocol Babylon Completes First Phase of Mainnet Launch

Bitcoin staking protocol Babylon has completed the first phase of its mainnet launch, enabling users to stake their BTC to secure Proof of Stake (PoS) networks.

The protocol aims to provide a decentralised and permissionless network for users to participate in the emerging PoS economy. Users can stake their BTC on Babylon and earn rewards for securing other networks.

Babylon also plans to launch its own PoS network and offer shared security services for other projects, enabling them to quickly and easily launch their own PoS chains.

The project will also introduce a marketplace for PoS services, allowing projects to bid for shared security and users to earn additional rewards for providing their BTC to secure specific networks.