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A recent report from Project Tourbillon, led by the Bank for International Settlements’ Innovation Hub, reveals significant advancements in balancing privacy and transparency in CBDCs. Project Tourbillon, an initiative spearheaded by the Bank for International Settlements’ (BIS) Innovation Hub in Switzerland, has made significant strides in the realm of central bank
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Privy, the Web3 data privacy solution, is reported to have completed a series A financing round that was led by Paradigm and participated in by Sequoia Capital and other well-known names who acted as earlier investors. On the same day, Privy announced that Huang, a former partner at Sequoia Capital, was
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Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements.Experts from various backgrounds collaborated on this research project, including early Tornado Cash contributor Ameen Soleimani, Chainalysis chief scientist Jacob Illum,
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As the crypto space continues to evolve, regulatory scrutiny is shifting towards privacy coins, with authorities wary of their misuse in activities such as money laundering. Unlike mainstream digital currencies such as Bitcoin (BTC) or Ethereum (ETH), privacy coins are specifically created to offer users greater anonymity and privacy for their
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Layer-1 protocol Near has tapped blockchain security firm Nym to provide end-to-end encryption and metadata privacy services for its ecosystem.Nym, which provides blockchain agnostic layer-0 privacy infrastructure, will avail its mixnet tools to encrypt and cloak blockchain traffic and communication across the Near Protocol ecosystem. Masking off-chain metadata traffic will
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The Bank of England’s consultation on the digital pound has sparked widespread public debate, underscoring critical concerns about privacy, cash usage and the currency’s future trajectory. The Bank of England has received more than 50,000 responses, on its idea of introducing a digital pound. Deputy Governor Jon Cunliffe talked about this
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Cunliffe said there had been general support for the CBDC's overall model, but that the central bank will refine estimates of take-up and holding limits. It previously proposed that individuals wouldn't be able to hold more than 10,000 ($12,000) to 20,000 pounds of the CBDC, at least during an introductory
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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Nym Technologies, a company specializing in blockchain privacy, has announced a multi-million dollar funding program with the goal of offering financial support to projects dedicated to constructing security-centric infrastructure. The initiative, known as the Nym Innovation Fund, will pool resources from prominent venture capitalists, including Polychain, KR1, Huobi Incubator and Eden
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