Bitcoin Infrastructure Developer Nostr Assets Pauses Deposits Amidst Surge in User Activity

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Bitcoin infrastructure developer Nostr Assets has temporarily halted deposits due to a surge in user activity. The company, which facilitates transactions of Satoshis (1/100 millionth of a Bitcoin) through the Lightning and Taproot Networks, has attracted over 70,000 new users and received 280 Bitcoin in deposits since October 30th. However, allegations have been made by Fiatjaf, the creator of the Nostr protocol, claiming that Nostr Assets is operating as an affinity scam. Nostr Assets developers have denied these allegations, stating that they utilize Nostr, Taproot Assets, and Lightning in their construction. They emphasize that Nostr is a decentralized and open-sourced relay network. In other news, the total volume of non-fungible token (NFT) sales on the Bitcoin network has surpassed $1 billion, and the meme token Ordinals has reached a market cap of $1 billion. Bitcoin Ordinals is a numbering system that assigns a unique number to each satoshi, allowing for tracking and transfer. It is important to note that the current token listed on Binance, ORDI, is not associated with the developers of Bitcoin Ordinals.

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