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List of Flash News about Jack Dorsey Bitchat

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2025-07-08
20:00
Jack Dorsey's Bitcoin-Inspired Bitchat & Elon Musk's X Trading Plans Signal Major Web3 Shift for Crypto Investors

According to @hamster_kombat, two major developments from tech billionaires could significantly impact the Web3 and cryptocurrency landscape. Jack Dorsey, founder of Block (SQ), has released a whitepaper for Bitchat, a decentralized messaging protocol inspired by Bitcoin's (BTC) peer-to-peer model that enables encrypted, offline communication via a Bluetooth mesh network. The protocol, as detailed in the whitepaper, emphasizes privacy by not collecting metadata and using end-to-end encryption. Concurrently, Elon Musk's social media platform X is preparing to launch investment and trading services "soon," as stated by CEO Linda Yaccarino in a Financial Times report. The goal is to transform X into an "everything app" for finance. For crypto traders, this is a critical development, as Musk's known affinity for Dogecoin (DOGE) and Tesla's substantial Bitcoin (BTC) holdings strongly suggest that any financial services on X will likely feature cryptocurrency integration, potentially driving significant new adoption and trading volume.

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