Just-In: Binance Labs Invests In Bitcoin Yield Generating Network Corn
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 20 2024Binance Labs Investment: Binance Labs has invested in Corn, an Ethereum Layer 2 network focused on creating a decentralized finance hub for Bitcoin, although the investment amount remains undisclosed. The project aims to enhance Bitcoin's utility in DeFi through its hybrid tokenized Bitcoin, BTCN.
User Security Achievement: Binance reported preventing $2.4 billion in user losses in 2024, highlighting its commitment to security amid concerns faced by other exchanges. The firm continues to innovate user experience with new features like the listing of Voxies (VOXEL) futures.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
