Most messaging apps today depend on the internet, big companies, and central servers to send your messages - none of the above applies to Bitchat, the new app co-created by Jack Dorsey (former Twitter CEO and co-founder) and Bitcoin developer and long-time privacy advocate Calle. Bitchat features both messaging, and the ability to send/receive Bitcoin payments. The main motivator to create Bitchat was privacy, which is minimal in most popular messengers today,  as your data is being handled by someone else. Bitchat functions so independent from company servers, it doesn't even need an internet connection.   Bitchat doesn’t need the internet to work, and it even lets you send Bitcoin directly.What Makes Bitchat Different?1. Privacy FirstBitchat doesn’t ask for your email, phone number, or personal info. That makes it harder for companies, governments, or hackers to snoop on you. It’s built around Bitcoin’s core values: decentralization, censorship resistance, and peer-to-peer freedom.2. Works Without InternetStuck at a festival with no signal? In a rural area? Or even in a power outage? Bitchat still works. That’s because it connects devices directly through something called a mesh network. Your messages hop from one phone to another until they reach the person you’re chatting with.In fact, during major outages—like the one in April 2025 that knocked out power across parts of Spain, France, and Portugal—Bitchat could have kept people connected.3. Send Bitcoin AnywhereBesides chatting, you can also send Bitcoin through the app. No banks, no payment processors—just Bitcoin’s own network. Your phone can even create and sign transactions offline, which then travel through nearby devices until they reach the network.For merchants, this could be a game-changer. Payments don’t need middlemen, and in the future, integration with the Lightning Network could make transactions even faster and cheaper.4. Extended Range with Mesh NetworksNormally, Bluetooth works only a short distance. But Bitchat uses Bluetooth mesh networking—your message can jump from phone to phone, extending the range up to 300 meters (or farther if more people are connected). Think of it like a digital relay race.5. Built on Cypherpunk IdealsBitchat isn’t just a tech experiment—it’s a nod to the cypherpunk movement, which values privacy, independence, and control over your own communications.How It Works...Local Mesh: Phones connect directly using Bluetooth Low Energy (BLE). Messages hop across devices until they arrive.Optional Global Mode: If you want to reach beyond local connections, Bitchat can use Nostr—a decentralized protocol that runs through relays on the internet.Encryption: Messages are secured with the Noise protocol, so only the sender and recipient can read them.Efficiency: Data is compressed to save bandwidth, and the app adjusts its power use to save battery.The app is still new, and while its private messaging system is strong, it hasn’t been fully audited by outside security experts yet.Criticisms and Concerns...Bitchat has gotten plenty of attention for its bold approach, but it hasn’t been without criticism.When the beta launched earlier this month, Dorsey promoted it as a secure and private messaging tool. Soon after, security researcher Alex Radocea published a blog post pointing out a serious flaw: it’s currently easy to impersonate other people inside Bitchat.“In cryptography, details matter,” Radocea wrote. “A protocol that has the right vibes can have fundamental substance flaws that compromise everything it claims to protect.”Dorsey later admitted the app had not yet gone through an external security review, meaning there may still be unknown vulnerabilities.Another concern is the app’s distribution. On iOS, Bitchat is available through the App Store. For Android, users must download it from GitHub since it hasn’t officially launched on Google Play. Unfortunately, multiple lookalike apps have already appeared on the Play Store—some with thousands of downloads—raising the risk that people may install a fake version instead of the real one.The only legit ways to download it is the Apple App Store for iOS users, or their official GitHub for Android users. Should You Download It?There's some legitimate reasons to have something capable of offline messaging for emergencies, places outside of cell reception, or places where cell towers can be overloaded like large events.  But i'd hold off on trusting it with your Bitcoin, the concerns we covered here are legitimate, and any environment where it's easy for one user to pose as another is not the place for financial transactions.  -------Author: Mark PippenLondon NewsroomGlobalCryptoPress | Breaking Crypto NewsSubscribe to GCP in a readerMost messaging apps today depend on the internet, big companies, and central servers to send your messages - none of the above applies to Bitchat, the new app co-created by Jack Dorsey (former Twitter CEO and co-founder) and Bitcoin developer and long-time privacy advocate Calle. Bitchat features both messaging, and the ability to send/receive Bitcoin payments. The main motivator to create Bitchat was privacy, which is minimal in most popular messengers today,  as your data is being handled by someone else. Bitchat functions so independent from company servers, it doesn't even need an internet connection.   Bitchat doesn’t need the internet to work, and it even lets you send Bitcoin directly.What Makes Bitchat Different?1. Privacy FirstBitchat doesn’t ask for your email, phone number, or personal info. That makes it harder for companies, governments, or hackers to snoop on you. It’s built around Bitcoin’s core values: decentralization, censorship resistance, and peer-to-peer freedom.2. Works Without InternetStuck at a festival with no signal? In a rural area? Or even in a power outage? Bitchat still works. That’s because it connects devices directly through something called a mesh network. Your messages hop from one phone to another until they reach the person you’re chatting with.In fact, during major outages—like the one in April 2025 that knocked out power across parts of Spain, France, and Portugal—Bitchat could have kept people connected.3. Send Bitcoin AnywhereBesides chatting, you can also send Bitcoin through the app. No banks, no payment processors—just Bitcoin’s own network. Your phone can even create and sign transactions offline, which then travel through nearby devices until they reach the network.For merchants, this could be a game-changer. Payments don’t need middlemen, and in the future, integration with the Lightning Network could make transactions even faster and cheaper.4. Extended Range with Mesh NetworksNormally, Bluetooth works only a short distance. But Bitchat uses Bluetooth mesh networking—your message can jump from phone to phone, extending the range up to 300 meters (or farther if more people are connected). Think of it like a digital relay race.5. Built on Cypherpunk IdealsBitchat isn’t just a tech experiment—it’s a nod to the cypherpunk movement, which values privacy, independence, and control over your own communications.How It Works...Local Mesh: Phones connect directly using Bluetooth Low Energy (BLE). Messages hop across devices until they arrive.Optional Global Mode: If you want to reach beyond local connections, Bitchat can use Nostr—a decentralized protocol that runs through relays on the internet.Encryption: Messages are secured with the Noise protocol, so only the sender and recipient can read them.Efficiency: Data is compressed to save bandwidth, and the app adjusts its power use to save battery.The app is still new, and while its private messaging system is strong, it hasn’t been fully audited by outside security experts yet.Criticisms and Concerns...Bitchat has gotten plenty of attention for its bold approach, but it hasn’t been without criticism.When the beta launched earlier this month, Dorsey promoted it as a secure and private messaging tool. Soon after, security researcher Alex Radocea published a blog post pointing out a serious flaw: it’s currently easy to impersonate other people inside Bitchat.“In cryptography, details matter,” Radocea wrote. “A protocol that has the right vibes can have fundamental substance flaws that compromise everything it claims to protect.”Dorsey later admitted the app had not yet gone through an external security review, meaning there may still be unknown vulnerabilities.Another concern is the app’s distribution. On iOS, Bitchat is available through the App Store. For Android, users must download it from GitHub since it hasn’t officially launched on Google Play. Unfortunately, multiple lookalike apps have already appeared on the Play Store—some with thousands of downloads—raising the risk that people may install a fake version instead of the real one.The only legit ways to download it is the Apple App Store for iOS users, or their official GitHub for Android users. Should You Download It?There's some legitimate reasons to have something capable of offline messaging for emergencies, places outside of cell reception, or places where cell towers can be overloaded like large events.  But i'd hold off on trusting it with your Bitcoin, the concerns we covered here are legitimate, and any environment where it's easy for one user to pose as another is not the place for financial transactions.  -------Author: Mark PippenLondon NewsroomGlobalCryptoPress | Breaking Crypto NewsSubscribe to GCP in a reader

Ex-Twitter CEO Jack Dorsey Launches New Privacy-Focused Messenger, that Works WITHOUT An Internet Connection and Sends/Receives Bitcoin...

Most messaging apps today depend on the internet, big companies, and central servers to send your messages - none of the above applies to Bitchat, the new app co-created by Jack Dorsey (former Twitter CEO and co-founder) and Bitcoin developer and long-time privacy advocate Calle.

Bitchat features both messaging, and the ability to send/receive Bitcoin payments. 

The main motivator to create Bitchat was privacy, which is minimal in most popular messengers today,  as your data is being handled by someone else. Bitchat functions so independent from company servers, it doesn't even need an internet connection.   Bitchat doesn’t need the internet to work, and it even lets you send Bitcoin directly.

What Makes Bitchat Different?

1. Privacy First

Bitchat doesn’t ask for your email, phone number, or personal info. That makes it harder for companies, governments, or hackers to snoop on you. It’s built around Bitcoin’s core values: decentralization, censorship resistance, and peer-to-peer freedom.

2. Works Without Internet

Stuck at a festival with no signal? In a rural area? Or even in a power outage? Bitchat still works. That’s because it connects devices directly through something called a mesh network. Your messages hop from one phone to another until they reach the person you’re chatting with.

In fact, during major outages—like the one in April 2025 that knocked out power across parts of Spain, France, and Portugal—Bitchat could have kept people connected.

3. Send Bitcoin Anywhere

Besides chatting, you can also send Bitcoin through the app. No banks, no payment processors—just Bitcoin’s own network. Your phone can even create and sign transactions offline, which then travel through nearby devices until they reach the network.

For merchants, this could be a game-changer. Payments don’t need middlemen, and in the future, integration with the Lightning Network could make transactions even faster and cheaper.

4. Extended Range with Mesh Networks

Normally, Bluetooth works only a short distance. But Bitchat uses Bluetooth mesh networking—your message can jump from phone to phone, extending the range up to 300 meters (or farther if more people are connected). Think of it like a digital relay race.

5. Built on Cypherpunk Ideals

Bitchat isn’t just a tech experiment—it’s a nod to the cypherpunk movement, which values privacy, independence, and control over your own communications.

How It Works...

Local Mesh: Phones connect directly using Bluetooth Low Energy (BLE). Messages hop across devices until they arrive.

Optional Global Mode: If you want to reach beyond local connections, Bitchat can use Nostr—a decentralized protocol that runs through relays on the internet.

Encryption: Messages are secured with the Noise protocol, so only the sender and recipient can read them.

Efficiency: Data is compressed to save bandwidth, and the app adjusts its power use to save battery.

The app is still new, and while its private messaging system is strong, it hasn’t been fully audited by outside security experts yet.

Criticisms and Concerns...

Bitchat has gotten plenty of attention for its bold approach, but it hasn’t been without criticism.

When the beta launched earlier this month, Dorsey promoted it as a secure and private messaging tool. Soon after, security researcher Alex Radocea published a blog post pointing out a serious flaw: it’s currently easy to impersonate other people inside Bitchat.

“In cryptography, details matter,” Radocea wrote. “A protocol that has the right vibes can have fundamental substance flaws that compromise everything it claims to protect.”

Dorsey later admitted the app had not yet gone through an external security review, meaning there may still be unknown vulnerabilities.

Another concern is the app’s distribution. On iOS, Bitchat is available through the App Store. For Android, users must download it from GitHub since it hasn’t officially launched on Google Play. Unfortunately, multiple lookalike apps have already appeared on the Play Store—some with thousands of downloads—raising the risk that people may install a fake version instead of the real one.

The only legit ways to download it is the Apple App Store for iOS users, or their official GitHub for Android users. 

Should You Download It?

There's some legitimate reasons to have something capable of offline messaging for emergencies, places outside of cell reception, or places where cell towers can be overloaded like large events.  But i'd hold off on trusting it with your Bitcoin, the concerns we covered here are legitimate, and any environment where it's easy for one user to pose as another is not the place for financial transactions.  

-------
Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

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Crucial Insights: Two Fed Interest Rate Cuts on the Horizon?

Crucial Insights: Two Fed Interest Rate Cuts on the Horizon?

BitcoinWorld Crucial Insights: Two Fed Interest Rate Cuts on the Horizon? The financial world is buzzing with discussions around the future of monetary policy, and a recent statement from a key Federal Reserve official has added fuel to the fire. Investors, businesses, and consumers alike are keenly watching for signals regarding potential Fed interest rate cuts and their broader economic implications. What’s Driving Talk of Fed Interest Rate Cuts? Neel Kashkari, the president of the Minneapolis Federal Reserve Bank, recently made headlines by stating his belief that two additional Fed interest rate cuts would be appropriate this year. This isn’t the first time Kashkari has shared this perspective; he expressed a similar view back in August. His comments offer a glimpse into the ongoing internal debates and varying outlooks among policymakers regarding the optimal path for the nation’s economy. Understanding the context behind such statements is crucial. The Federal Reserve uses interest rates as a primary tool to manage inflation and support employment. When inflation is high, the Fed typically raises rates to cool down economic activity. Conversely, when economic growth slows or inflation targets are met, the Fed might consider cutting rates to stimulate spending and investment. How Do Fed Interest Rate Cuts Impact You? The prospect of Fed interest rate cuts carries significant weight for everyone. For instance, lower interest rates generally translate to: Cheaper Borrowing: Mortgages, car loans, and credit card interest rates can decrease, making it more affordable for consumers to borrow money. This can encourage home buying and larger purchases. Business Investment: Companies find it less expensive to borrow for expansion, new projects, and hiring, potentially boosting economic growth and job creation. Stock Market Performance: Lower rates can make bonds less attractive, pushing investors towards stocks, which might see increased valuations. This can also signal a more optimistic economic outlook. Savings Account Returns: On the flip side, interest rates on savings accounts and Certificates of Deposit (CDs) might also fall, offering lower returns for savers. These ripple effects touch various sectors, from housing to retail, and even extend into the cryptocurrency markets, where investor sentiment is often influenced by broader economic conditions and liquidity. Navigating the Economic Landscape: Why Are Policymakers Divided on Fed Interest Rate Cuts? While some policymakers, like Kashkari, see the appropriateness of multiple Fed interest rate cuts, others may hold different views. The Federal Reserve’s decisions are complex, balancing the need to control inflation with the goal of maintaining maximum employment. Key factors influencing these decisions include: Inflation Data: The pace at which inflation is returning to the Fed’s 2% target is a primary concern. Sustained progress is needed. Employment Figures: A strong job market might give the Fed more leeway to keep rates higher for longer, whereas signs of weakness could prompt cuts. Global Economic Conditions: International economic trends and geopolitical events can also influence the Fed’s domestic policy decisions. Market Expectations: The Fed also considers how financial markets are pricing in future rate movements, aiming to avoid undue volatility. The path forward is rarely straightforward, and the Fed’s approach is often described as data-dependent, meaning decisions can shift as new economic information becomes available. The Outlook for Future Fed Interest Rate Cuts Kashkari’s consistent view on two Fed interest rate cuts this year provides an important perspective, but it’s essential to remember that he is one voice among many on the Federal Open Market Committee (FOMC). The committee as a whole determines monetary policy through a consensus-driven process. As the year progresses, market participants will be closely monitoring upcoming inflation reports, employment data, and official Fed statements for further clarity. The timing and magnitude of any potential rate adjustments will significantly shape the economic environment, influencing everything from investment strategies to everyday household budgets. In summary: Neel Kashkari’s consistent advocacy for two Fed interest rate cuts this year highlights a potential shift in monetary policy. These cuts, if they materialize, could offer relief to borrowers, stimulate economic activity, and impact various markets. However, the ultimate decision rests with the broader Federal Reserve committee, which weighs a multitude of economic indicators before acting. Frequently Asked Questions (FAQs) Q1: What does it mean when the Fed cuts interest rates? When the Federal Reserve cuts interest rates, it generally means they are reducing the cost for banks to borrow money. This, in turn, often leads to lower interest rates for consumers and businesses on loans like mortgages, car loans, and credit cards, aiming to stimulate economic activity. Q2: Why would the Fed consider two Fed interest rate cuts this year? The Fed might consider two interest rate cuts if they believe inflation is consistently moving towards their 2% target, or if there are signs of slowing economic growth that could benefit from stimulation. Policymakers like Kashkari may feel the current rates are too restrictive given the economic outlook. Q3: How quickly do Fed interest rate cuts affect the economy? The effects of Fed interest rate cuts can be seen relatively quickly in financial markets, but they typically take several months to fully filter through to the broader economy, impacting consumer spending, business investment, and inflation. Q4: Will Fed interest rate cuts impact my cryptocurrency investments? While not a direct impact, Fed interest rate cuts can indirectly affect cryptocurrency markets. Lower traditional interest rates might make riskier assets like cryptocurrencies more attractive to investors seeking higher returns. Additionally, a more liquid and stimulated economy can sometimes boost overall market sentiment, benefiting crypto assets. Q5: Who is Neel Kashkari? Neel Kashkari is the president of the Federal Reserve Bank of Minneapolis. He is one of the twelve regional Federal Reserve Bank presidents who contribute to the Federal Open Market Committee (FOMC) discussions, which set the nation’s monetary policy. Did you find this article insightful? Share your thoughts and help others understand the potential impact of future Fed decisions! You can share this article on your favorite social media platforms. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Insights: Two Fed Interest Rate Cuts on the Horizon? first appeared on BitcoinWorld.
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Coinstats2025/09/19 19:35
US Senators Introduce SAFE Crypto Act to Target Rising Crypto Scams

US Senators Introduce SAFE Crypto Act to Target Rising Crypto Scams

The post US Senators Introduce SAFE Crypto Act to Target Rising Crypto Scams appeared first on Coinpedia Fintech News Crypto scams are getting faster, smarter and
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Crypto.com Data Leak Revealed: Hidden Attack Exposed by Bloomberg

Crypto.com Data Leak Revealed: Hidden Attack Exposed by Bloomberg

Bloomberg exposes Crypto.com’s 2023 user data leak. The perpetrators used phishing to access employee accounts, compromising privacy. A data breach that occurred in 2023 at Crypto.com compromised the personal information of its users, according to a disclosure by Bloomberg.  The hacking was planned by a well-known hacker organization known as Scattered Spider.  This team was […] The post Crypto.com Data Leak Revealed: Hidden Attack Exposed by Bloomberg appeared first on Live Bitcoin News.
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