What is staking BitMax?

Latest BitMax News advertisement Singapore-based cryptocurrency platform AscendEX, formerly known as BitMax, has raised $50 million in a Series B funding round. San Francisco -based Polychain Capital and Nevada-based private equity firm Hack VC led the round.

Another cryptocurrency exchange has fallen victim to a hack; this time it was AscendEX – formerly known as BitMax . AscendEX, a cryptocurrency exchange that recently celebrated its third anniversary, confirmed that numerous tokens were maliciously transferred out of its hot wallet earlier today.

Staking: Explained Staking on AscendEX Earn provides users with a passive income stream by generating yield on their idle assets . … AscendEX staking provides users with a simple method to earn a portion of the validator’s block rewards based on their contribution amounts over time.