China News by Thebittimes.Com

In 2024, Cardano (ADA) lost some market cap positions to growing competitors following poor price performance and increasing network apathy. Evidencing that, onchain data shows a decreasing transaction volume for Cardano as the network usage slows down. This news could suggest the network ’s native token, ADA, is overvalued . However, even the down-trending transaction volume is proportionally higher than Ethereum’s (ETH). Cardano (ADA) news: Transaction volume is going down Since March, Cardano’s daily transaction volume has made lower highs, consolidating a downtrend that suggests worsening fundamentals and economic value. Transaction volume is an important network value indicator that measures onchain activity and can influence the token’s demand. Picks for you If you invested $1,000 in Andrew Left's hed...

Common Wealth, an innovator in early-stage web3 investments, is partnering with PAID Network, the firm behind Ignition Launchpad. The two companies have signed a strategic partnership to create the groundwork for what they intend to be an innovative crowdfunding experience. Common Wealth transforming web3  The collaboration is designed so Common Wealth can spotlight promising early-stage investment opportunities.  Simultaneously, PAID Network will connect visionary founders with essential resources, utilizing its crowdsourcing platform and incubation resources. Moreover, Common Wealth and PAID Network share a common objective: democratizing the investment process in web3.  Together, they will work to establish an inclusive, secure, and user-friendly environment for participants. Additionally, Common Wealth contributes a mobile-first platform enhanced by ZKsync technology, while PAID Network adds a critical layer of trust and transparency to the Web3 landscape. Their collabora...

In a significant development for cross-border payments, Ripple has partnered with Onafriq, a UK-based financial technology company, to expand remittance corridors throughout Africa. This collaboration is poised to streamline transactions between 27 African nations, the United Kingdom, Australia, and the Gulf States. The partnership leverages Ripple’s private network , formerly known as RippleNet. Offering a faster and more cost-effective alternative to the traditional remittance process. Notably, the private network , now called Ripple Payments, aims to solve the usual high fees and slow transaction reality of traditional remittances . By adopting Ripple’s solution, Onafriq will ensure quick and secure transfers, particularly benefitting the African diaspora who regularly send money back home. It is important to say that, despite some already observed speculation in the cryptocurrency market, there are no mentions of the XRP token in this endeavor. Ripple, the company, ...

With the initiative, early-stage projects will get fundraising and other support from the Solana Labs team. Solana Labs, the technology firm behind the Solana network , has announced the launch of a new initiative called Solana Incubator to help grow “the next great companies in the ecosystem.” 1/ Applications are now open to the Solana Incubator! If you're aiming to create the next great company in Web3, we're here to build alongside you. Get hands-on engineering, go-to-market, and fundraising support from the Solana Labs team. https://t.co/9HTTIdLjqd pic.twitter.com/Sa7gWTAh1c — Solana Labs (@solanalabs) October 26, 2023 In an X thread on Thursday, Oct. 26, the firm said selected startups will get not only marketing, technological, and fundraising support. Although the initiative mainly focuses on Solana-related products, web2 teams incorporating web3 will also get onboarding and development support from Solana. Developers can submit their application...

Coinbase is considering integrating Bitcoin’s Lightning Network to facilitate quicker crypto payments. The exchange’s CEO, Brian Armstrong, hinted at it in response to a tweet by Jack Dorsey. The Twitter co-founder, in his turn, questioned Coinbase’s approach toward Bitcoin (BTC) and Lightning Network adoption. We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I’m all for payments taking off in Bitcoin. Not sure why you think we’re ignoring Bitcoin – we’ve onboarded more people to Bitcoin than probably any company in the world. Let’s build it… https://t.co/9dFGYd6XZt — Brian Armstrong ️ (@brian_armstrong) August 2, 2023 Armstrong voiced enthusiasm for integrating it into Coinbase, emphasizing that although the integration is complex, the advantages of facilitating speedier Bitcoin payments make it worthwhile. You might also like: Binance integrates The Bitcoin Lightning Network Coinbase’s apparen...

On July 6, the Bitcoin Lightning Network development firm, Lightning Labs, introduced a new toolkit that enables artificial intelligence (AI) applications to interact with the Bitcoin network through its layer-2 solution.  Announcing a new set of tools to build Lightningand #bitcoin-powered AI products for a global audience. Using L402, a standard for API authentication with LN payments, and @langchainAI, a simplified AI app framework, we are opening up #AI4All! https://t.co/EQseanCurv — Lightning Labs️ (@lightning) July 6, 2023 The latest move aims to enhance the efficiency, affordability, and convenience of payments for AI developers. By leveraging Lightning’s capabilities, developers can move away from traditional payment systems such as credit cards, which are often cumbersome and costly. Additionally, these tools enable the implementation of pay-per-use AI models on the Lightning Network. The popularity of the AI industry skyrocketed following the successful l...