Block CEO Jack Dorsey has released a white paper and launched a beta for Bitchat, a decentralized messaging app using Bluetooth mesh networks for internet-free, encrypted communication. Block CEO and Twitter co-founder Jack Dorsey has launched the beta version of a new decentralized peer-to-peer messaging service that runs entirely over Bluetooth. Jack Dorsey said his weekend was spent learning about “Bluetooth mesh networks, relays, store and forward models, message encryption models, and a few other things” as he introduced Bitchat on X on Sunday. The “Bluetooth mesh chat” system has “IRC [Internet Relay Chat] vibes,” Dorsey added, harking back to the early days of web-based messaging systems in the late 1990s. Read more
Emirates News Agency has refuted The Open Network’s claim that applicants who stake $100,000 worth of TON for three years would be eligible for 10-year golden visas. The native cryptocurrency of The Open Network has retraced 6% from its 24-hour high after United Arab Emirates regulators refuted claims that staking Toncoin (TON) could create a pathway to UAE residency. Toncoin initially shot up 10% to $3.03 on Sunday after The Open Network claimed that applicants staking $100,000 worth of Toncoin for three years make applicants eligible for the UAE’s golden visa program. However, the cryptocurrency partially retraced after the Emirates News Agency shared a joint statement from several regulators denying that claim. Read more