Cryptocurrency

Among the tools released include LangChainBitcoin for AI agents to interact directly with Bitcoin and its layer-2 platform, the Lightning Network.Others include Aperture, which can convert any API into a payment gateway via the Lightning Network.Lightning Labs has also released L402 bLIP so the community can assess the necessary components for building payment solutions.Utilizing the L402 protocol, these tools enable AI applications to handle Bitcoin payments, including sending and receiving funds, both on-chain and on the Lightning Network. The L402 protocol was developed expressly by the Lightning Labs team and has emerged as a standard through which the platform will interface the world’s most valuable coin with popular AI solutions. The Lightning Network is a layer-2 network on the Bitcoin blockchain. It allows for fast, cheap, and scalable payments. It is this feature that Lightning Labs, in their release, said they are banking on creating a solution that is cheaper for LLM services. In their assessment, the rise of LLMs has led to several challenges, including the expense of training GPUs, the reliance on credit cards, and the lack of accessibility for billions of people. However, new payment protocols could help to address these challenges by providing a more inclusive and privacy-preserving way to pay for LLM services.By leveraging the L402 protocol on the Lightning Network, it will be possible for people to pay for LLM services without necessarily using fiat or credit cards.Moreover, the L402 protocol, the team says, transactions are secure and can’t be shared with third parties. As such, the L402 protocol and the Lightning Network could help to make LLM services more affordable, inclusive, and privacy-preserving. This would open up LLM services to a broader range of people and help drive innovation in AI.As of July 9, the Bitcoin Lightning Network had a capacity of 5,450.24 BTC, up 1% on the last day. There are also over 16,300 nodes and more than 70,000 payment channels.This article was originally published on Crypto.news More

The fraudulent distribution of Fantom (FTM) to users — falsely linked to the Multichain attack — is rapidly spreading on Twitter, attracting significant attention. The post has attracted a lot of attention from Twitter users.Continue Reading on Coin Telegraph More

Tweeting on July 7, ZachXBT highlighted that lawsuit as he reiterated accusations that the Boneheads team “quickly disappeared and spent the mint funds on BAYCs [Bored Ape Yacht Club NFTs], luxury goods, and other items never fulfilling the roadmap.”Continue Reading on Coin Telegraph More

Based in London, Panigirtzoglou is part of JPMorgan’s global market strategy team. He believes that a Bitcoin (BTC) ETF in the United States would have a similar impact as those seen in Canada and Europe, where spot Bitcoin ETFs have been around for some time.Continue Reading on Coin Telegraph More

According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities.Continue Reading on Coin Telegraph More

Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming fraud against creditors. Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. Not even Sam Bankman-Fried was capable of such delusion, Winklevoss wrote in the letter.Continue Reading on Coin Telegraph More

According to an extensive review of the associated wallet address, it was discovered that Justin Sun is a functional trader in the Decentralized Finance (DeFi) ecosystem, partaking in a series of staking activities from which he earns regular rewards. As a platform that supports staking, part of the reason for moving the funds to Poloniex might be to also stake it there as he has a of doing this.Another plausible reason is to cushion liquidity on the Poloniex exchange. With Justin Sun’s direct oversight on the trading platform, ensuring there is enough liquidity to fulfill all customers’ orders is essential, and this funds movement can be directed to this purpose.This is because the total sum of the funds might not make a dent in the Ethereum market, which boasts a market capitalization of over $224 billion. Should Justin Sun choose to sell off the quoted ETH tokens, the impact on the market may not be as grievous as is being projected.This article was originally published on U.Today More

In a tweet, Glassnode’s lead analyst revealed that shrimps are stacking an average of 33,800 bitcoin (BTC) monthly. This surge of buying activity is noteworthy because it outpaces the monthly issuance of new bitcoin, which currently stands at 27,000 BTC. This means that the retailers effectively remove 1.25 BTC from circulation per every new coin issued, which points to high demand levels that may support prices.This accumulation pace surpasses that witnessed during the 2017 bull run and the post-FTX-panic period when Bitcoin’s price plummeted to a 4-year low of $15,500.Observers note that the current buying frenzy by shrimps represents the highest dollar-value accumulation since the peak of the bull market.While retail investors display steadfastness, miners have been contributing to selling pressure by offloading their coins on exchanges. Glassnode’s analysis reveals that miners are sending approximately $105 million worth of bitcoin to exchanges, marking one of the most significant USD-denominated transfers on record.The Glassnode analyst also shared information on the activities of bitcoin “crabs.” Bitcoin crabs are holders of between 1 and 10 BTC. As data shows, these holders are also stacking more coins, adding approximately 22,400 BTC. Shrimps and crabs hold roughly 83% of all coins in circulation.Despite past market volatility, these smallholders are showing consistent efforts in holding, indicating a bullish sentiment toward the currency. This development has led to a milestone, the number of unique addresses holding over 1 BTC surpassed 1 million for the first time in May 2023.This accumulation comes when Bitcoin’s price has grown substantially, appreciating by 83% in 2023 and rising to as high as $31,000 by June 2023. At the same time, the coin’s dominance is around 50% of the total crypto market cap. Major investment firms like BlackRock (NYSE:BLK) want to expose their clients to the world’s largest coin by market cap. Although the United States Securities and Exchange Commission (SEC) has poured cold water on the possibility of approving a bitcoin spot exchange-traded fund (ETF), the involvement of traditional heavyweights like BlackRock and Fidelity is buoying confidence in the community.This article was originally published on Crypto.news More