Messaging App news
SBF could 'conceivably' get bail revoked, says judge
Former FTX CEO Sam Bankman-Fried could “conceivably” have his bail revoked after a federal judge said there was “probable cause” to believe he may have engaged in attempted witness tampering. In the Feb. 16 hearing on Bankman-Fried’s bail conditions, Judge Lewis Kaplan said there was “probable cause to believe that he [Bankman-Fried] has committed or attempted to commit a federal felony while on release, namely witness tampering” according to multiple reports. Kaplan suggested that this could “conceivably” see the FTX founder sent back to jail until his trial date in October. Kaplan noted however that the Feb. 16 hearing was …
Regulation / Feb. 17, 2023
Web3 communication app goes after Twitter with $12.5M seed funding
Developers of one of the earliest Android-based mobile browsers are working to bring online communication to the next level by introducing it to Web3. Sending Labs, a new startup focused on decentralized communications protocol, has secured $12.5M in seed funding to launch the Web3 communications stack. The new platform takes on the mission of building accessible and secure infrastructures for Web3 communication for developers and the community, applying end-to-end decentralization of core of its products. With the new offering, Sending Labs aims to enable privacy-preserving communications and guarantee ownership and transfer of digital assets within community chats. The seed funding …
Decentralization / Feb. 16, 2023
Judge extends Sam Bankman-Fried's bail restrictions on messaging apps: Report
A federal judge has reportedly denied oral arguments proposing former FTX CEO Sam Bankman-Fried be allowed to use certain messaging apps. According to a Feb. 9 Reuters report, Judge Lewis Kaplan of United States District Court for the Southern District of New York upheld his ruling that Bankman-Fried be restricted from using encrypted messaging apps as a condition of his release on a $250-million bond. The judge ordered SBF not to communicate using apps like Signal on Feb. 1, but the former CEO’s legal team and prosecutors had negotiated a deal allowing for exceptions including Facebook Messenger, Zoom, and Facetime. …
Regulation / Feb. 9, 2023
SBF’s lawyers move to block release of bail guarantors' identities
The names of two guarantors who signed off on part of Sam Bankman-Fried’s $250 million bail bond will continue to remain a secret for now. A judge has also rejected an agreement that would have permitted Bankman-Fried to use certain messaging apps. Bankman Fried’s lawyers filed an appeal to block the release of the guarantors' names last-minute on Feb. 7. The appeal did not contain further arguments against the disclosure but it will prevent the order from being enforced until Feb. 14 to allow for an application for a further stay. The appeal was expected after a Jan. 30 ruling …
Regulation / Feb. 8, 2023
Judge denies motion allowing SBF to use messaging apps
A federal judge has denied a joint agreement between Sam Bankman-Fried’s legal team and prosecutors which would have allowed the former FTX CEO to use certain messaging apps. In a Feb. 7 filing for United States District Court for the Southern District of New York, Judge Lewis Kaplan denied a motion proposing Bankman-Fried be allowed to use messaging services including FaceTime, Zoom, and Facebook Messenger. The judge did not provide a reason for denying the motion "without prejudice", but added the matter would be subject to oral arguments in a Feb. 9 hearing. Prosecutors filed a motion in January suggesting …
Regulation / Feb. 7, 2023
Federal judge bars SBF from contacting FTX and Alameda employees, using Signal
A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he not have any contact with current or former employees of the exchange as part of his bail conditions. In a Feb. 1 ruling, Judge Lewis Kaplan of the Southern District of New York said Bankman-Fried was to be prevented from communicating with current or former employees of FTX or Alameda Research “except in the presence of counsel” in order to remain free on bail through his trial. As part of his ruling, Kaplan added that SBF could not contact anyone with …
Regulation / Feb. 1, 2023
Blockchain IM apps to see over half-billion dollar valuation by 2030
Blockchain use cases continue to surface as the technology becomes more accessible. In the case of already-known use cases, such as blockchain-based messaging applications, mass adoption is on the horizon. According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a valuation of $536.5 million by 2030. The report, released on Feb 1. highlights this as a 43.6% compound annual growth rate in the 7-year timespan. In 2021, the market valuation for blockchain messaging applications was around $22.2 million. At that time, North America dominated the market and accounted for …
Adoption / Feb. 1, 2023
Decentralized Twitter alternative goes live on Apple's App Store
Damus, a so-called “Twitter killer” built on a decentralized network has been approved on the Apple App Store. The Damus team confirmed the approval to its 11,500 Twitter followers on Jan. 31, following what it claims was at least three rejections from the Big Tech player. Shortly after, Twitter co-founder and Nostr contributor Jack Dorsey shared the news with his 6.5 million followers, with the entrepreneur labeling it as a “milestone” moment for open source protocols: a milestone for open protocols...#nostr is now officially on the Apple App Store with @damusapp:https://t.co/GQmvPE5nfX — jack (@jack) January 31, 2023 The app dubs …
Decentralization / Feb. 1, 2023
Telegram to allow no-sim accounts via anon-blockchain-numbers
Messaging app Telegram has rolled out a new update enabling users to create accounts using blockchain-based anonymous numbers, as opposed to cell phone numbers. Telegram already hides people’s private phone numbers from non-added users on the app, however, users will now be able to hide numbers from everyone, which is likely to please people who value privacy-focused features. The messaging platform has become a popular app for crypto enthusiasts. The move is part of a 9.2 update launched on Dec. 6, which also enables users to auto-delete timers on messages in new chats. Ultimate Privacy: No-SIM Signup, Auto-Delete All Chats, …
Blockchain / Dec. 8, 2022
WhatsApp crash: Are decentralized blockchain messengers a real alternative?
Since the introduction of ICQ — the progenitor of online chat applications — the expectation from instant messaging (IM) services has never changed. Users simply want them to work, which apparently turned into a tall order, given the frequent downtimes most popular chat apps experience nowadays. Launched the same year as Bitcoin (BTC), WhatsApp is one of the most widely used chat apps on the planet. Owned by Meta (the stable of which also boasts Instagram and Facebook), WhatsApp stands as the epitome of centralized services. That’s why when the service goes down, it has a much broader impact than …
Decentralization / Nov. 4, 2022
WhatsApp down again? Google Trends spike after the outage
Some two billion WhatsApp users were left without service on Oct. 25 as the biggest messaging application worldwide went offline. Meta, the owner of Facebook and WhatsApp, is yet to clarify what led to the outage. Users took to social media platforms like Twitter to share hilarious memes about the outage, with many flocking to alternative social media platforms to find out if they were alone in their lack of service. A similar situation took place in October 2021, with Facebook, Instagram and WhatsApp going down for more than 24 hours due to a “server configuration change.” WhatsApp is down. …
Adoption / Oct. 25, 2022
Japan-based messaging app will offer trial run of native token starting in March
Users of Japanese messaging giant LINE will soon be able to use the app’s native token for payments at select online merchants in a limited trial. In a Tuesday announcement, the LINE Corporation said that starting on March 16, users would have the option of paying with native LINK token (LN) — not to be confused with Chainlink (LINK) — at any of LINE Pay’s online merchants. The trial period, which will run until Dec. 26, is aimed at testing real-life use cases for the tokens in addition to increasing the convenience and number of payment options for users. LINE …
Business / Feb. 8, 2022