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Babylon Completes $15 Million Financing Round with a16z Crypto Participation

Summary: According to reports, the decentralized Bitcoin ecosystem protocol Babylon has announced the completion of a $15 million financing round with participation from a16z Crypto. Specific valuation data has not been disclosed yet. Babylon's competitors include centralized service providers such as Coinbase, Kraken, and Tether. It is expected to integrate its technology with the lending protocol ...

According to reports, the decentralized Bitcoin ecosystem protocol Babylon has announced the completion of a $15 million financing round with participation from a16z Crypto. Specific valuation data has not been disclosed yet. Babylon's competitors include centralized service providers such as Coinbase, Kraken, and Tether. It is expected to integrate its technology with the lending protocol Aave in the second quarter of this year. The company currently has over 40 employees.

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