Bitchat launched in July last year and has been used during protests in Madagascar, Uganda, Nepal, Indonesia and Iran as authorities attempted to restrict usage of the internet. Bitchat, a decentralized peer-to-peer messaging app developed by Block CEO Jack Dorsey, has been removed from Apple’s App Store in China for allegedly violating its internet service regulations. In an X post on Sunday, Dorsey shared a screenshot from Apple’s app review team informing him that Bitchat had been removed from the App Store in February and that the TestFlight beta version would no longer be available in China at the request of the Cyberspace Administration of China (CAC). “Bitchat pulled from the China App Store,” he said. Read more
Michael Saylor posted "back to work" on X on Sunday, signaling a potential Bitcoin purchase after the firm paused buying last week. Michael Saylor has hinted his Bitcoin treasury firm is back on track with its weekly Bitcoin purchases after taking a rare week off at the end of March. In an X post on Sunday, Saylor shared a screenshot from StrategyTracker with the caption "Back to Work.” He often posts the chart ahead of purchase announcements. The firm took a week off from buying BTC at the end of March, breaking its weekly buying streak for the first time this year. The firm's last purchase was reported on March 23, buying about $77 million worth of BTC at $74,326 per coin. Read more
US President Donald Trump threatened Iran could be "living in Hell" if it doesn't open the Strait of Hormuz, though he also told reporters that a deal with Iran is getting close. Crypto markets bounced 2.5% as US President Donald Trump sent mixed signals over a potential deal with Iran to reopen the Strait of Hormuz, including reports of a possible ceasefire that could permanently end the war. In an expletive-laden post on the Truth Social platform on Sunday, Trump threatened that Iran would be “living in Hell” if the Strait of Hormuz is not reopened. However, he also acknowledged in a Fox News interview that Iran is “negotiating now” and expressed optimism about a “good chance” of a deal within 24 hours. Read more
The Rwanda central bank's warning came after Bybit added the Rwandan franc to its list of assets that its peer-to-peer platform can use to trade for crypto. The National Bank of Rwanda (NBR) has warned the public that crypto payments and trades using the local currency remain illegal in the country after Bybit added support for the Rwandan franc for its peer-to-peer platform on Friday. “Crypto-assets are NOT authorized for payments, FRW conversion, or P2P trading involving FRW under the current framework,” the central bank posted to X on Sunday, urging citizens to avoid crypto due to “serious financial risks and no recourse in case of loss.” The central bank’s comments were in response to an X post from Bybit on Friday, stating that the Rwandan franc (FRW) can be used to buy and sell crypto through its Bybit P2P service. Read more