Holepunch launches decentralized P2P chat app Keet Mobile

  • Keet Mobile is a fully encrypted, P2P chat dApp for mobile devices lsunched in alpha mode with instant messaging.
  • Tether, Bitfinex and Holepunch announced Keet for desktop in July last year.
  • Keet Mobile is device agnostic and powered by Lightning Network.

Holepunch has officially launched Keet Mobile, a free, fully encrypted peer-to-peer (P2P) instant messaging application. 

The device-agnostic application is a collaboration of Hypercore-backed Holepunch, stablecoin firm Tether and crypto exchange and trading platform Bitfinex.

Keet Mobile will also support call and video chat

The P2P app’s alpha release comes a few months after the three companies announced Keet, a peer-to-peer app designed to integrate Tether (USDT), and support Lightning Network for micropayments.

Keet Mobile, which brings the app’s capabilities to mobile users, fully removes the need for a centralized entity.

According to a press release shared with CoinJournal on Monday, Keet Mobile is Holepunch’s first peer-to-peer application in a series of apps designed to “put control back into the hands of people.” Basically, users of Keet can send text, call or video chat without having to go through a third party server or operating system.

As noted above, the alpha release will initially be limited to texting only. However, the developer team aims to add audio or video calls functionality within the next few months.

Tether CTO Paolo Ardoino noted that the launch of Keet Mobile is a landmark achievement that was “unthinkable” before the Holepunch team made it a reality. Bringing the team’s p2p communication tech to mobile devices completely disrupts the idea of traditional mobile communication.

The idea that you must give up your private data to big tech companies to do something as simple as talk to another person on a mobile device is dead,” Ardoino, also the CSO of Holepunch, added in a statement.

Tether and co announced Keet in July 2022, with the team behind the P2P project noting that the app doesn’t rely on any blockchain. Rather, as noted above, the built-in payments API will be powered by Lightning Network.

Keet Mobile Alpha is available on both the Apple App Store and the GooglePlay Store.

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Premier League inks major NFT partnership with Sorare

  • Premier League and Sorare announced the four-year deal on Monday.
  • The licensing deal is worth £120 million (about $150 million).
  • Premier League fans will be able to buy, trade and sell digital collectibles of their favourite teams and players while playing Sorare Manager.

The English Premier League has sealed a four-year licensing deal with Sorare, a French-based fantasy game and digital trading marketplace.

According to a report by CityAM, the deal is worth £120 million ($150 million).

Premier League expanding fans’ NFT experience

The partnership will allow football fans, especially of the English Premier League, from across the world to build teams and compete for huge rewards. Fans looking to become Sorare Managers can take part in the Ethereum-based non-fungible token (NFT) platform’s Premier League fantasy competition.

Fans can now tap into the NFT experience, enjoying their favourite sport via digital cards, Sorare noted in a blog post. Notably, fans will be able to collect, buy and trade licensed digital collectibles featuring players from the 20 Premier League clubs.

The team and I at Sorare are beyond excited to announce an exclusive, deep partnership with the Premier League. What a crazy ride to get there, from our club deal with West Ham in 2019 to onboarding the 20 clubs of the football heavy-weight, watched by 800m+ in the world,” Nicholas Julia, co-founder and CEO of Sorare tweeted.

Richard Masters, the Premier League chief executive, said that fans’ support of teams and players has and continues to evolve. The goal is thus to look for more ways to engage the supporters, which this deal with Sorare offers.

Sorare’s digital cards and innovative online game represent a new way for them to feel closer to the Premier League whether they are watching in the stadium or from around the world. We believe that Sorare are the ideal partner for the Premier League and we look forward to working closely together,” Masters added.

With this partnership, the PL becomes the latest to join a portfolio that includes top European leagues LaLiga, Bundesliga and Serie A. Sorare also has similar partnerships with the NBA and MLB. Sorare also has sports deals with over 300 clubs. 

Sorare credits these partnerships to the input of world-class athletes,including Serena Willians, Kylian Mbappe and Rudy Gobert among others. 

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Should you buy Ethereum amid lagging behind Bitcoin in 2023?

  • Leading cryptocurrencies started 2023 with positive momentum
  • Bitcoin, Doge, Ripple, and Ethereum move in a direct correlation
  • Ethereum has more room to rally

The cryptocurrency market started  2023 with positive momentum. As a result, all leading cryptocurrencies gained against the US dollar, and the so-called “crypto winter” from 2022 vanished.

Bitcoin is clearly the leader. It bounced strongly from the 2022 lows after losing about -65% of its value. The direct correlation between Bitcoin and the rest of the cryptocurrency market is well known, but something interesting has happened since the start of 2022.

More precisely, the correlation weakened. Sure enough, other cryptocurrencies follow when Bitcoin enters a bullish or bearish market. Only this time, the extent is different.

ETHUSD chart by TradingView

Ethereum lags behind

The chart above shows the four leading cryptocurrencies and how they performed against the US dollar – Bitcoin, Doge, Ripple, and Ethereum. The correlation is obvious, but Ethereum lags.

In 2022, Ethereum fell by the most. It lost over -70% of its value before the recent rally.

While it did rally in 2023, following Bitcoin’s lead, it lags behind. More precisely, while Bitcoin, Doge, and Ripple moved more or less in a synchronized fashion, Ethereum bulls fell behind.

The recent rally reduced the cryptocurrencies’ losses against the US dollar, but not to the same extent. For instance, BTC/USD is now -49.86% lower than it was in January 2022. However, ETH/USD did not recover as much, and it is down -57.85% over the same period.

In other words, if one believes that the US dollar’s weakness continues, then it might be appropriate to bet on Ethereum’s rallying more than Bitcoin, Doge, or Ripple.

On Wednesday, the Federal Reserve of the United States is about to announce its interest rate decision for the first time in 2023. A press conference will follow the announcement, and the US dollar’s volatility will reach extreme levels.

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