Chain News by Thebittimes.Com

In a Telegram announcement on Dec. 5, developers at NostrAssets, a Bitcoin infrastructure developer, advised users to refrain from making deposit s temporarily, citing an influx of record-high user activity . The service, facilitating transactions of Satoshis through the Lightning and Taproot Networks, reported onboarding over 70,000 new users since Oct. 30 and accumulating $11.8 million during the same period. User communications The announcement informed users to “Please await further announcements and do not attempt to deposit into NostrAssets for the time being,” coming just one day before earlier allegations were made from Fiatjaf for engaging in an affinity scam. Nostr Assets’ Telegram thread | Source: Telegram According to the Dec. 4 post, Fiatjaf, the mind behind the Nostr protocol enabling the interchange of social profiles and followers across platforms, asserted, “NostrAssets has nothing to do with the Nostr protocol itself. It ju...

According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees. Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology used to facilitate the movement of funds between parties in a financial transaction. Payment rails come in many forms, including traditional bank wires, credit card networks, and blockchain-based platforms. We are pleased to be the first bank in the world to fully integrate with USDC, enabling our members to send and receive USDC from their US Dollar accounts, no fees charged. More: https://t.co/ep3wx0vLLn#XapoPrivateBank pic.twitter.com/Obed371oiT — Xapo Private Bank (@xapoprivatebank) March 20, 2023 Xapo Bank shared that the new feature allows its members to bypass the cumbersome and expensive SWIFT payment system th...