China News by Thebittimes.Com

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The eyes of the world are on the trial of FTX founder and former crypto poster-child Sam Bankman-Fried, who has morphed into a symbol of the worst excesses of the last crypto bubble. But the media circus that surrounds proceedings is more true-crime series than legitimate commentary on decentralized finance. You might also like: The landscape of crypto exchanges never stops changing | Opinion It is true that defi has been on a roller coaster over the past several years. The sector exploded onto the financial and technological scene in 2021 as groundbreaking new tools allowed people to put their money to work and earn yield in unprecedented ways through participation in networks such as MakerDAO and Aave. Despite the seeming suddenness of its arrival, this breakthrough was a long time coming. For decades, if not centuri...

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...