Press Release
HTX Ventures Invests in Babylon to Advance Trustless Bitcoin Staking
–News Direct–
Singapore / May 31, 2024 HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Babylon, a Bitcoin staking protocol. This investment underlines HTX Ventures commitment to fostering innovation and supporting groundbreaking technologies in the blockchain and cryptocurrency sectors.
Babylon builds infrastructure that allows proof-of-stake systems to obtain staking capital from Bitcoin. The platform uses modular design and slashing functionality to let stake-base systems, such as blockchains, Layer 2s, DA layers and oracles, and incorporates Bitcoin as a staking and restaking asset.
"HTX Ventures is excited to support Babylon's pioneering efforts in harnessing Bitcoin for decentralized security," said Edward, Managing Partner of HTX Ventures. "Babylons trustless design unlocks new possibilities for Bitcoin, transforming its utility and paving the way for innovative Bitcoin-native applications. We believe Babylon will play a crucial role in advancing the blockchain ecosystem, and are proud to be a part of this transformative journey."
"This funding will accelerate our mission to make Bitcoin the security backbone of PoS systems," Babylon co-founder David Tse said in a statement. "Our team is dedicated to advancing the utility of Bitcoin beyond its traditional roles and enhancing the security of the entire blockchain ecosystem."
Babylon recently raised $70 million in a funding round led by the venture firm Paradigm. In February 2024, Babylon launched the worlds first trustless Bitcoin staking testnet, attracting over 100,000 stakers within 48 hours. This remarkable response highlights the platforms potential to transform Bitcoin into the security backbone of PoS systems. This achievement underscores Babylons technical expertise and commitment to fostering a secure, decentralized economy.
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca.
Contact Details
Michael Wang
Company Website
https://www.htx.com/en-us/ventures
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide.
With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca.
Contact Details
Michael Wang
Company Website
https://www.htx.com/en-us/ventures
View source version on newsdirect.com: https://newsdirect.com/news/htx-ventures-invests-in-babylon-to-advance-trustless-bitcoin-staking-896300314
HTX Ventures
COMTEX_453184315/2655/2024-05-31T22:58:31
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An educational overview explaining what residential proxies are, how they work, and why they are essential for tasks like web scraping, ad verification, and market research.
Hong Kong S.A.R., 31st Jan 2026 – SwiftProxy provides a comprehensive guide to understanding residential proxies and their applications. Residential proxies route internet traffic through genuine, peer-to-peer residential IP addresses provided by Internet Service Providers (ISPs). This method offers higher legitimacy and lower block rates compared to other proxy types.
Residential proxies are essential for various legitimate business applications including large-scale web data collection, ad performance verification, search engine optimization monitoring, and price comparison aggregation. These proxies help businesses gather public web data without triggering anti-bot protections that often block datacenter IP addresses.
SwiftProxy’s residential proxy network operates with ethical sourcing practices and provides users with reliable, high-quality residential IP addresses. The service supports multiple connection protocols and offers tools for managing proxy sessions effectively for different business needs.
Media Contact
Organization: Mescent Network Inc Limited
Contact Person: Lewis
Website: https://www.swiftproxy.net
Email: Send Email
Contact Number: +8613357729503
Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG
City: Hong Kong
State: Hong Kong
Country:Hong Kong S.A.R.
Release id:40856
The post Understanding Residential Proxies: A Guide by SwiftProxy appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
SwiftProxy discusses responsible data collection practices and how using residential proxies ethically respects website terms of service and legal requirements.
Hong Kong S.A.R., 31st Jan 2026 – SwiftProxy emphasizes the importance of ethical web scraping practices when using residential proxy services. Ethical data collection involves respecting website terms of service, implementing reasonable request rates, and collecting only publicly available information. Residential proxies should be used responsibly to avoid overloading target servers or violating privacy regulations.
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SwiftProxy provides tools and documentation to help users implement ethical scraping practices, including rate limiting controls and guidance on compliant data collection methodologies.
Media Contact
Organization: Mescent Network Inc Limited
Contact Person: Lewis
Website: https://www.swiftproxy.net
Email: Send Email
Contact Number: +8613357729503
Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG
City: Hong Kong
State: Hong Kong
Country:Hong Kong S.A.R.
Release id:40857
The post The Importance of Ethical Web Scraping with Residential Proxies appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
SwiftProxy introduces an AI-powered proxy selection engine that automatically chooses the optimal residential IP based on target website, location, and historical success rates.
Hong Kong S.A.R., 31st Jan 2026 – SwiftProxy has launched an AI-powered proxy selection engine designed to optimize residential IP choices automatically. The new engine intelligently selects the optimal residential IP based on target website characteristics, geographic requirements, and historical connection success data. The AI system includes pattern recognition algorithms, success prediction models, and adaptive learning capabilities.
The AI implementation analyzes millions of connection attempts to identify the most reliable IPs for specific domains and use cases. The engine continuously improves its selection accuracy while maintaining user privacy and data security. Performance testing shows significant improvements in success rates and reduced connection times for complex scraping tasks.
The AI-powered selection engine is now integrated into the SwiftProxy residential proxy service platform. Users can enable intelligent routing through their account settings or API parameters. Documentation provides information on configuring AI preferences and optimizing automated selection for specialized requirements.
Media Contact
Organization: Mescent Network Inc Limited
Contact Person: Lewis
Website: https://www.swiftproxy.net
Email: Send Email
Contact Number: +8613357729503
Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG
City: Hong Kong
State: Hong Kong
Country:Hong Kong S.A.R.
Release id:40853
The post SwiftProxy Launches AI-Powered Proxy Selection Engine appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Understanding Residential Proxies: A Guide by SwiftProxy
The Importance of Ethical Web Scraping with Residential Proxies
SwiftProxy Launches AI-Powered Proxy Selection Engine
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