Connect with us
DAPA Banner

Crypto World

Beijing’s Request Leads Apple to Remove Dorsey’s Bitchat in China

Published

on

Crypto Breaking News

Bitchat, a decentralized peer-to-peer messaging app developed by Block CEO Jack Dorsey, has been removed from Apple’s App Store in China amid regulatory scrutiny over online services with public opinion or social mobilization capabilities. The move follows a notification from Apple indicating that Bitchat was pulled in February and that the TestFlight beta version would no longer be accessible in China at the request of the Cyberspace Administration of China (CAC).

On X, Dorsey shared a screenshot of Apple’s review communication, noting that Bitchat had been removed from the China App Store and the TestFlight beta would no longer be available there. “Bitchat pulled from the China App Store,” he wrote.

Beyond its regulatory status, Bitchat has gained attention for its role in demonstrations and instances where traditional communications networks were disrupted. Protests in Madagascar, Uganda, Nepal, Indonesia, and Iran have coincided with spikes in demand for alternative messaging channels, prompting renewed interest in apps that can operate without centralized infrastructure. Bitchat’s core technology runs on Bluetooth and mesh networks, enabling encrypted messaging even when internet access is limited or unavailable, a feature that could place it at odds with China’s tightly controlled internet regime.

The app’s distinct approach—peer-to-peer, offline-first, and privacy-protective—has also drawn attention from users and observers who see potential advantages in resilience during network shutdowns. However, the CAC’s stance highlights a broader regulatory framework that governs online services with public opinion influence or mobilization capabilities, a category that Bitchat reportedly falls into under Chinese rules.

Advertisement

Key takeaways

  • The CAC contends Bitchat violates Article 3 of its regulations governing online services with public opinion or social mobilization capabilities, which took effect in 2018. The levying authority requires security assessments for such services and accountability for their results.
  • Apple’s review team indicated that all apps on its store must comply with local requirements where they are available, and that China’s authorities asked for the removal of Bitchat’s China-friendly distribution, including the discontinuation of the TestFlight beta.
  • The technology underpinning Bitchat—Bluetooth and mesh-networked communications—enables operation without a traditional internet connection, a design choice that complicates enforcement for a regime that often curtails online access.
  • Despite the China setback, Bitchat remains accessible in other markets. Chrome download statistics put the app at over three million installations, with more than 92,000 downloads in the past week, while the Google Play store has logged over one million registered downloads. The geographic breakdown of these users was not disclosed.

Regulatory friction and the China angle

The CAC’s argument centers on the premise that platforms capable of shaping public opinion or enabling social mobilization must undergo a security assessment prior to launch and bear responsibility for the assessment outcomes. In a 2018 framework, the agency outlined that such assessments are mandatory for services with the potential to influence public discourse. The CAC’s position, as reflected in the notice relayed to Dorsey, also emphasizes that apps must adhere to the local laws of each country in which they operate, with messaging that explicitly warns against content or conduct that could be deemed criminal or reckless.

The Chinese stance underscores the ongoing tension between decentralized, privacy-focused messaging tools and state-driven censorship regimes. Bitchat’s architecture—designed to function with limited or no internet connectivity—could be challenged by regulators seeking to maintain control over information flow, especially in a market as sensitive to content regulation as China.

Global footprint and what users should watch next

Even as Bitchat faces restrictions in China, the app’s global footprint remains active in other jurisdictions. Third-party download trackers show robust interest in markets outside China, though they do not break down regional share. The app’s outage in a major market raises questions about the survivability of decentralized messaging apps under states that impose strict connectivity controls, and it may influence developers’ decisions about app distribution and compliance strategies in the region.

To put the scale into perspective, WeChat remains the dominant messaging platform in China, with hundreds of millions of users domestically, underscoring how different regulatory frameworks shape user experiences and market dynamics in each region. Observers will be watching how Bitchat and similar projects navigate regulatory scrutiny while continuing to serve users seeking resilient communications options in environments with restricted internet access.

The broader takeaway for investors, builders, and users is that regulatory risk for decentralized, privacy-preserving messaging is not theoretical: it can translate into real-tailored constraints on distribution channels and feature sets. As authorities around the world calibrate their approach to online services with social or mobilization capabilities, developers may need to balance privacy and resilience with compliance to local laws and regulatory expectations.

Advertisement

Looking ahead, readers should monitor whether Apple or the CAC provide further details on the exact nature of the regulatory concerns and whether a pathway to re-listing in China could emerge. Developments in other markets—where Bitchat remains available—could influence adoption, monetization, and platform strategies for privacy-focused messaging tools as the regulatory landscape continues to evolve.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Swiss International Gemlab unveils AI-driven approach to gemstone grading

Published

on

Swiss International Gemlab unveils AI-driven approach to gemstone grading

Three veteran gemologists have launched a new gemstone testing facility, Swiss International Gemlab, introducing a proprietary artificial intelligence system to support grading accuracy and consistency.

Summary

  • Swiss International Gemlab launches with an AI-supported grading system to improve accuracy and consistency in gemstone reports.
  • The lab will operate from Lucerne and Hong Kong, offering full-service testing with a five-day standard turnaround and real-time tracking.
  • SIG joins a growing shift as gemology labs adopt data-driven tools to enhance verification standards and reporting uniformity.

Willy Bieri, Lawrence Hahn, and Matthias Alessandri founded the lab, which will operate from Lucerne, Switzerland, and Hong Kong, the company said last week. The three have worked together for more than a decade and said the facility is designed to deliver faster reports, improved transparency, and strong scientific rigor, while remaining free from external influence.

Swiss International Gemlab (SIG) said it will provide the “full spectrum” of services for colored gemstones. These include identification, origin determination, treatment analysis, and detailed color grading.

Advertisement

At the core of its operations is “SIG-AI Assistance,” a proprietary system that cross-references analytical results with structured databases. The platform is designed to flag inconsistencies, support uniform reporting standards and shorten interpretation time, according to the lab.

The lab has set a standard turnaround time of five business days, with expedited options available for urgent submissions. Clients will also have access to real-time tracking to monitor the progress of their reports.

SIG is scheduled to make its first public appearance at this year’s GemGenève in May, where it will provide on-the-spot gemological services for exhibitors, offering a preview of its workflow and capabilities.

Advertisement

AI gains ground in gemstone grading

SIG’s launch comes as artificial intelligence continues to gain traction across the gemology sector, where labs are increasingly integrating data-driven tools into traditional workflows.

Several established laboratories have started using advanced digital systems in their workflows. Switzerland-based Gübelin Gem Lab, for example, introduced its “Gemtelligence” platform, which applies deep learning models trained on decades of gemstone data to assist with origin determination and treatment analysis while improving consistency.

Recent commentary from trade bodies indicates that these technologies are beginning to change how gemstones are identified and graded. The shift is also influencing day-to-day laboratory processes and shaping buyer confidence in certification standards.

At the same time, machine learning tools are being used to analyse spectroscopic data and high-resolution imagery. These systems can detect treatments, classify stones, and support grading decisions with a level of uniformity that remains difficult to achieve through manual assessment alone.

Advertisement

Against this backdrop, SIG’s use of its “SIG-AI Assistance” platform positions it within a growing segment of labs seeking to combine human expertise with algorithmic analysis to improve reliability and turnaround times in gemstone reporting.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Advertisement

Source link

Continue Reading

Crypto World

James Wynn’s Account Drops to $900 After Latest Bitcoin Liquidation on Hyperliquid

Published

on

James Wynn, one of crypto’s most closely tracked traders, has been liquidated after shorting Bitcoin (BTC) on decentralized exchange Hyperliquid. On-chain intelligence firm Arkham Intelligence confirmed the wipeout.

Follow us on X to get the latest news as it happens

The liquidation left Wynn’s account at just over $900, with a loss of $20 million according to HypurrScan data

Advertisement

“In just the past 2 weeks, he has been liquidated 6 times!,” blockchain analytics firm Lookonchain added.

Wynn had warned traders over the weekend that conditions across markets would worsen before improving. He outlined his multi-asset defensive strategy, which included shorting both the S&P 500 and the Nasdaq, going long on WTI crude oil, and selectively buying BTC dips with spot capital.

The trader’s bearish positioning coincided with heightened geopolitical tensions around the Strait of Hormuz and oil prices hovering above $100 per barrel. However, Bitcoin moved sharply against his short.

BTC climbed 3% over the past 24 hours. Earlier today, the cryptocurrency surged to an intra-day high of over $70,000, its highest level in more than a week. BeInCrypto Markets data showed that at press time, it traded at $69,133.

Advertisement
Bitcoin (BTC) Price Performance.
Bitcoin (BTC) Price Performance. Source: BeInCrypto Markets

BeInCrypto reported that the rally was driven by a derivatives-led short squeeze that liquidated roughly $196 million in short positions across the market. The total crypto market capitalization recovered to $2.35 trillion on April 6, adding approximately $89 billion from the $2.27 trillion low hit on April 5.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post James Wynn’s Account Drops to $900 After Latest Bitcoin Liquidation on Hyperliquid appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading

Crypto World

Stock Futures Climb as Iran-US Ceasefire Hopes Calm Investor Nerves

Published

on

E-Mini S&P 500 Jun 26 (ES=F)

TLDR

  • Futures for the S&P 500 climbed 0.4% while Nasdaq 100 futures advanced 0.6% during Monday trading
  • Diplomatic negotiations between Washington and Tehran, with Pakistan serving as mediator, boosted investor confidence
  • President Trump extended his Iran ultimatum to Tuesday at 8:00 PM Eastern, warning of strikes on electrical infrastructure
  • The critical Strait of Hormuz shipping channel continues to operate at minimal capacity, impacting approximately 20% of worldwide petroleum transport
  • Crude prices retreated following ceasefire news, with Brent declining roughly 1.6% to settle near $107 per barrel

Wall Street futures posted solid gains Monday following emerging reports of potential diplomatic progress between Washington and Tehran. The positive movement arrived after a weekend marked by military escalation and aggressive rhetoric from the White House.

The S&P 500 futures contract advanced approximately 0.4%. Nasdaq 100 futures climbed 0.6%. The Dow Jones Industrial Average futures showed more modest growth at 0.1%.

E-Mini S&P 500 Jun 26 (ES=F)
E-Mini S&P 500 Jun 26 (ES=F)

Equity markets experienced brief volatility overnight following fresh warnings from President Trump directed at Iran. However, sentiment improved as news of diplomatic channels emerged.

According to Reuters, both Washington and Tehran have been presented with a preliminary ceasefire framework brokered by Pakistani officials. The framework reportedly calls for an immediate cessation of hostile actions. To date, neither government has publicly acknowledged or endorsed the terms.

In parallel negotiations, American officials alongside regional intermediaries are advocating for an extended 45-day truce that could potentially conclude hostilities permanently. Sources close to the discussions caution that prospects for success remain uncertain.

President Trump’s initial 10-day ultimatum to Iran reached its expiration Monday. However, Trump announced a postponement via social media, declaring the revised deadline as “Tuesday, 8:00 P.M. Eastern Time.” In comments to the Wall Street Journal, he warned that American forces would target Iran’s entire electrical grid if the Strait of Hormuz shipping lane remains blocked beyond that timeframe.

Crude Markets Retreat on Diplomatic Progress

The strategically vital Strait of Hormuz, a waterway that typically facilitates approximately 20% of global petroleum shipments, remains severely restricted to commercial tanker traffic. This ongoing blockade has sustained upward pressure on oil prices throughout recent trading sessions.

Advertisement

Crude futures had surged nearly 3% at Sunday evening’s market opening. However, prices reversed course following the ceasefire developments. Brent crude retreated approximately 1.6% to trade around $107 per barrel. West Texas Intermediate declined roughly 2% to approximately $109.

A noteworthy market anomaly emerged: WTI pricing exceeded Brent levels, an uncommon occurrence. Market analysts attribute this inversion to contract timing discrepancies, with WTI still trading May delivery contracts while Brent has transitioned to June settlements.

Researchers at Gavekal Research suggest Iran may be leveraging its control over the strait to extract substantial passage fees from vessels. They characterize this as an emerging revenue strategy for Tehran.

Other Markets

Gold appreciated 0.9% to approximately $4,720 per ounce during Monday’s session. The benchmark 10-year US Treasury yield edged higher to 4.362%.

Advertisement

American military forces successfully extracted a US aviator who had been detained inside Iranian territory over the weekend. Iranian forces continued launching missiles and unmanned aerial vehicles toward Gulf nations and Israel through Monday morning.

The geopolitical landscape remains uncertain, with Tuesday evening’s deadline representing the next critical juncture for both financial markets and international diplomacy.

Advertisement

Source link

Continue Reading

Crypto World

Bitcoin Metric Eyes Repeat of Bull Cross That Sparked $25,000 Gains in 2025

Published

on

Bitcoin Metric Eyes Repeat of Bull Cross That Sparked $25,000 Gains in 2025

Bitcoin (BTC) faces a fresh showdown this week as macro tensions contrast with a bullish BTC price trend reversal.

  • A classic BTC price metric is above to flip bullish for the first time in nearly a year — last time, price gained $25,000 in two months.

  • Short time frames see liquidations as “aggressive” traders pile in at $70,000.

  • Iran war tensions are at breaking point as US President Donald Trump’s “Bridge Day” deadline nears.

  • US inflation data will come thick and fast as the war begins to reflect in the numbers.

  • The Bitcoin bear flag stays in play, with analysis warning that new lows are “likely just a matter of time.”

MACD indicator teases key bullish cross

On longer time frames, the weekly chart has become a source of hope for Bitcoin bulls this week.

The weekly close reclaimed the 200-week exponential moving average (EMA) trend line, but more than that, a classic BTC price metric is about to produce a key bull signal.

On a weekly basis, the moving average convergence/divergence (MACD) hinted that Bitcoin’s latest downtrend is in the process of reversing.

Advertisement

“​​Holding this level is crucial for the entire Crypto industry,” X commentator Crypto Seth argued on Monday, noting that Ether (ETH) was also due an MACD cross.

BTC/USD one-week chart with MACD data, 200 EMA. Source: Cointelegraph/TradingView

Bitcoin’s last bullish weekly MACD flip occurred in May 2025, around one month after BTC/USD put in its 2025 low near $74,500. Over the following two months, price went from $94,000 to $119,000, setting new all-time highs.

Continuing on the phenomenon, X trading resource GalaxyTrading flagged key MACD comparisons across Bitcoin’s past two bear markets.

“In the 2018 bear market, it took around 245 days for the weekly MACD to turn positive,” it noted. 

“In 2022, it also took 245 days to turn bullish. In 2026, we will reach 245 days by the end of April.”

BTC/USD MACD data. Source: GalaxyTrading/X

Liquidations spike as Bitcoin tags $70,000

Bitcoin managed a trip beyond $70,000 after the weekly close, data from TradingView confirms, reaching new April highs.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

While some traders remained skeptical over pre-market price action, the close itself was notable, bringing back both the 200-week EMA and old 2021 all-time high as potential support.

As Cointelegraph reported, both levels have courted suspicion over their reliability.

Advertisement

The move to the local highs caught short positions off guard, with total crypto liquidations passing $250 million over the 24 hours to the time of writing, per data from CoinGlass.

In his latest analysis, trader CrypNuevo continued to eye longs closer to $64,000 for a potential liquidity hunt to the downside.

Advertisement

“There are some HTF liquidations between $64k-$64.5k. This adds fuel a move lower. I don’t see conclusive data on LTF liquidations,” he commented in an X thread on Sunday.

Crypto liquidation history (screenshot). Source: CoinGlass

In one of its “QuickTake” blog posts, onchain analytics platform CryptoQuant flagged the return of “aggressive short-term positioning” — spikes in both cumulative net taker volume and open interest on Binance.

This matters because Bitcoin’s move is being driven not only by price strength, “but also by renewed speculative participation in derivatives,” contributor Amr Taha commented. 

“In simple terms, traders are becoming more willing to add fresh exposure as BTC pushes higher. If this trend continues, it could reinforce short-term momentum.”

Bitcoin open interest change by exchange (screenshot). Source: CryptoQuant

Trump’s Iran “Bridge Day” puts markets on edge

A combination of geopolitics and key US inflation data makes for a week of “extreme volatility,” analysis predicts.

The US-Israel and Iran war continues to guide market sentiment, and oil prices reflect the uncertainty over the fate of key issues such as the partial closure of the Strait of Hormuz. WTI crude oil started the week with a trip above $115 per barrel.

Traders are now eyeing one deadline in particular when it comes to how the conflict might play out: Tuesday, 8pm Eastern time. This is when US President Donald Trump promises major infrastructure strikes if no deal with Iran is reached.

Advertisement

In a post on Truth Social at the weekend, Trump appeared particularly impatient, calling the day of the deadline “Power Plant Day” and “Bridge Day” while demanding that Hormuz reopen.

Source: Truth Social

Headlines remain mixed, however, with talk of a 45-day ceasefire now a focus.

“This is being described as a ‘last-ditch effort’ to prevent ‘massive strikes on Iranian civilian infrastructure,’” trading resource The Kobeissi Letter reported on X.

Kobeissi noted that S&P 500 futures “erased all losses” on the news, underscoring risk-asset vulnerability to war-related triggers. As Cointelegraph reported, Bitcoin remains no exception.

S&P 500 futures one-hour chart. Source: Cointelegraph/TradingView

Last week, macro investor and former hedge fund manager James Lavish nonetheless said that markets were pricing in odds of the war ending sooner rather than later.

A potential drawdown for BTC price action should markets experience a “black swan” event, he told Cointelegraph, could be up to 20%.  

Advertisement

Risk assets face two major US inflation prints

Markets will thus be juggling war shocks and inflation data concurrently this week, with multiple US prints due.

Among them is the Personal Consumption Expenditures (PCE) Index, known as the Federal Reserve’s “preferred” inflation gauge.

February’s PCE release matched market expectations, but did not reflect inflation trends after the war had started.

“Following the jump in oil prices and potential spillover impact from fertilizer shortages on food prices, challenges around the inflation outlook still poses a major risk,” trading resource Mosaic Asset Company summarized in the latest edition of its regular newsletter, “The Market Mosaic.”

Advertisement
US PCE % change (screenshot). Source: Bureau of Economic Analysis

That risk also applies to the week’s last and arguably most important inflation number: the Consumer Price Index (CPI).

Here, the oil-price jump is especially pertinent, thanks to its direct impact on CPI inflation trends.

“Oil prices are now crossing above $115/barrel in the US. As a result, our models indicate that if current levels are sustained another ~7 weeks, US CPI inflation will rise to ~3.7%,” Kobeissi commented.

Kobeissi said that its “base case” for CPI inflation was now 3% — considerably higher than the Fed’s target.

US CPI 12-month % change. Source: Bureau of Labor Statistics

Like PCE, the most recent CPI print was flat, helping temper the impact of previous overshoots.

The latest data from CME Group’s FedWatch Tool meanwhile shows practically no chance of the Fed either raising or lowering interest-rates at its next meeting at the end of April.

Advertisement
Fed target rate probabilities for April FOMC meeting (screenshot). Source: CME Group

New lows “just a matter of time?”

As macro events play out, Bitcoin still has a specific cloud hanging over it that traders fear will only lead price downward.

Related: Bitcoin ‘done’ with 85% crashes, says Cathie Wood amid new $34K target

BTC/USD continues to battle for support at the bottom of its second bear flag of 2026. The first, which appeared in January, resulted in a drop of roughly $25,000.

“Structurally, $BTC price action is still nearly identical to the prior bear flag structure,” Keith Alan, cofounder of trading resource Material Indicators, warned last week. 

“Nothing says that it has to continue to mimic that price behavior, but I’m following it like roadmap until price deviates from that path.”

BTC/USD one-day chart. Source: Keith Alan/X

When it comes to new lows, Cointelegraph reported on broad consensus that February’s downside wick below $60,000 will be revisited. 

“When that breakdown eventually happens, watch the behavior closely. If price starts repeatedly sweeping the lows, making it psychologically difficult to enter longs, that’s when a true bottom is more likely forming,” pseudonymous trader LP told X followers this weekend.

Advertisement

LP said that new lows were “likely just a matter of time.”

BTC price comparison. Source: LP/X

Alan, meanwhile, eyed a trip to the mid-$40,000 range as part of a “measured move” below bear-flag support.

“Expecting to test resistance in the $67k – $69k range before the next leg down,” he wrote while discussing the topic on X. 

“End to the war or a really strong Q2 Open could invalidate the bear flag and challenge resistance at the MACRO structure.”