NIX Bridge Token, the Gateway to Private DeFi – Presale Now Live

It has become impossible to imagine the cryptocurrency market without DeFi. The exponential growth this field is experiencing has also sparked interest among those concerned about the state of privacy. NIX Platform recently announced a unique advancement within the privacy field by developing the NIX Bridge solution for tokenized chains and DeFi applications in cooperation with Blockchain Foundry. The NIX Bridge will set the foundation for true zero knowledge proof interoperability within and across entire blockchains and assets, and will greatly enhance the presence and exposure of NIX Platform to…

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Aztec launches private smart contracts as Ethereum rollup

Aztec, a privacy protocol developing on Ethereum, announced on Monday the launch of its second iteration, promising private transactions and smart contracts while being cheaper than standard transfers. The layer two solution adopted by Aztec relies on zkRollups, similar to Loopring or ZkSync. All these protocols rely on zero knowledge proofs to help Ethereum scale, but come with different benefits and focused use cases. Loopring focuses on the decentralized exchange experience, while ZkSync aims to be a generalized layer two protocol that could boost Ethereum’s transaction throughput. Aztec, in comparison,…

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A new enterprise blockchain features private real-life identities, but not without controversy

A new enterprise-focused blockchain is trying to carve a spot in this competitive market by focusing on an integrated digital identity system. Called Concordium, the blockchain is among the first to use identity proofs as an integral part of its protocol. Cointelegraph spoke with Concordium’s chief marketing officer, Beni Issembart, to learn more about this system. Issembart said that “the question of identity is what we thought was missing in the whole discussion when it comes to blockchain enterprise.” At first glance, the blockchain is set up in a similar…

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Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash

On July 4, 2020, the Bitcoin Cash proponent Cain published an interview with the blockchain developer, Shammah Chancellor, about a new project called Stamp Chat. At its basic level, “Stamp is a prototype of a layer-2 private messaging and payment system on Bitcoin Cash. It implements stealth [plus] confidential transactions on top of Bitcoin Cash using layer-2 protocol technologies.” This week Bitcoin Cash supporters were introduced to a new tool called Stamp, an encrypted message and payment system that leverages the Bitcoin Cash (BCH) chain. The project is being developed…

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Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement

An international law enforcement team has brought down an encrypted phone network with 60,000 users worldwide. The platform was one of the largest providers of encrypted communications, widely used by organized crime groups. UK’s National Crime Agency (NCA), Europol, Eurojust, and several other authorities announced on Thursday that they have infiltrated and taken down an encrypted phone platform widely used by organized crime groups worldwide. Encrochat is “an encrypted phone network widely used by criminal networks,” Europol described. It “was one of the largest providers of encrypted communications,” the NCA…

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Not So Private: 99% of Zcash and Dash Transactions Traceable, Says Chainalysis

Chainalysis says it can track 99% of transactions involving Zcash, and almost all of Dash’s – coins that both fancy themselves as private and untraceable. Now, that’s because the majority of users do not utilize the optional privacy-enhancing features available on the two blockchains, it said in a June 8 blog, announcing support for the two cryptocurrencies. By tracking the privacy coins – digital assets whose primary purpose is to hide financial transactions from unwanted attention – Chainalysis has made it easy for law enforcement agencies to do the same.…

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Ethereum Significantly Less Private Than Bitcoin, New Research Shows

A paper published on May 29 by Ferenc Béres and a team of primarily Hungary-based researchers analyzed the Ethereum blockchain to find out how easily its transactions can be de-anonymized. The research, which has not yet been subjected to peer review, focused on several Ethereum-specific features that overall make the network easier to track than competitors like Bitcoin (BTC).  The researchers noted that Ethereum’s account model, contrasted with Bitcoin’s Unspent Transaction Output (UTXO) model, already makes it less private due to the practice of wallet reuse: “The account-based model reinforces…

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Largest Private Investment Bank in Latin America Issues Real Estate Tokens on Tezos

Banco BTG Pactual is issuing its security tokens representing investment in real estate on the Tezos (XTZ) blockchain.  Previously, the bank had issued its ReitBZ tokens on the Ethereum blockchain, raising $10 million in Ether (ETH) and Gemini Dollars (GUSD).  Which blockchain will prevail in the future? Andre Portilho, head of digital assets at BTG Pactual, told Cointelegraph that $5 million worth of ReitBZ will be switched to Tezos, including the $2.5 million new raise that was conducted in fiat. The reason behind this diversification is that the bank wants…

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How to Keep Data Private With Google and Apple’s Contact Tracing App

In a rare instance of cooperation, Google and Apple, two pillars of the global tech industry, announced a joint effort to create a COVID-19 exposure tracing application for mobile phones in conjunction with world governments. The app, which is set to be available on both Android and iOS phones, relies on Bluetooth technology to warn against potential exposure to a person infected with COVID-19. Due to its participating organizations, all three of which have shoddy track-records on privacy, the application immediately raised the suspicions of privacy proponents. The Electronic Frontier…

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Props Project Moves From Private Blockchain Over to Algorand

Props Project, a decentralized network of apps including Dating.com, is migrating from a private blockchain to Algorand (ALGO). Props’ network of independent apps uses Props Token as a reward mechanism. Currently it has over three million users across various apps. The company developed PropsChain, a private fork of Ethereum that currently handles 50,000 transactions an hour.  No need to sacrifice However, to achieve greater scalability and transparency, the company decided to move to Algorand’s public blockchain. Algorand CEO Steven Kokinos told Cointelegraph that Algorand was unlike “first generation blockchains” in…

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