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Ethereum (ETH) co-founder Vitalik Buterin believes that privacy and decentralization should be key priorities for the blockchain network going forward. Buterin cautioned that centralized entities like custodial exchanges are “vulnerable” and can be corrupted. Users should be able to transact directly on the Ethereum blockchain, he argues. Here’s what the 29-year-old entrepreneur
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The world may be moving in a direction where people are more comfortable in having their assets and ownership available for everyone to see, according to Alex Svanevik, the CEO of blockchain analytics firm Nansen. In an interview with Cryptox’s Zhiyuan Sun, Svanevik highlighted how a balance between privacy and transparency
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Minnesota Congressman reintroduces a bill targeting potential CBDC surveillance to uphold US citizens’ financial privacy rights against government monitoring. Minnesota Congressman Tom Emmer reintroduced the CBDC Anti-Surveillance State Act on Sept. 12. The bill aims to protect US citizens’ privacy rights from a potential Central Bank Digital Currency (CBDC). The bill that
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The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, a cryptocurrency exchange, will reportedly halt the trading of privacy-centric coins like Monero (XMR) in Belgium. In a screenshot circulated on X, the exchange cited adherence to local laws as the primary reason. A Binance
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Ethereum co-founder Vitalik Buterin has published a research paper diving into privacy pools systems as a tool to achieve more privacy in financial transactions, allowing users to prove dissociation from illicit funds through zero-knowledge proof technology.The document initially discusses one of the most popular privacy-enhancing protocols, Tornado Cash, which allows
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While on the surface, this may seem like an attempt to provide value to users, it highlights the ongoing tension between personalized experiences and the ethical use of personal data. X, the social media networking giant, formerly known as Twitter, has revised its privacy policy to incorporate the collection and utilization
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The Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. The project’s use
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More recently, the government has gained much more insight and powers of preemptive surveillance into our financial lives. For example, with the enactment of the Bank Secrecy Act in 1970, financial institutions have to engage in record-keeping and reporting in order to assist the government in its efforts to prevent
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“It is undisputed that Tornado Cash uses smart contracts to provide a layer of privacy for its users by allowing them to deposit crypto assets in one wallet and then withdraw assets from a different wallet. Plaintiffs claim that as of 2020, the smart contracts are immutable, autonomous software applications
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