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Nym Technologies, the privacy infrastructure project with backing from a16z and Chelsea Manning, shares the release of its decentraized VPN for Q1 2024, which is said to disperse user traffic across a network of nodes. Alongside this launch, the project is also releasing the VPN’s lightpaper, providing insights into the solution’s privacy mechanism. Enhancing online privacy In a Nov. 2 announcement shared with crypto.news, the contrast is highlighted between conventional centralized VPN services that channel data through a single server and the NymVPN, which employs a decentralized approach, distributing user traffic across a network of nodes. The architectural change is said to enhance online privacy , rendering it more difficult for potential eavesdroppers to monitor user activities. You might also like: Nym Technologies Onboards Renowned Attorney Ahmed Ghappour as General Counsel “By launching NymVPN we aim to up the game of the industry to actually...

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. Privacy coins will be outlawed and delisted from all exchanges. For Europe it starts now pic.twitter.com/CQ42Q2b8n1 — MisterCh0c (@Mister_Ch0c) September 6, 2023 A Binance spokesperson also emphasized their commitment to complying with local laws regarding privacy coins. The delisting of privacy -centric coins in Belgium follows Binance taking similar actions in France, Italy, Poland, and Spain a few months ago. With this announcement, privacy coins like Monero (XMR), MobileCoin (MOB), Firo (FIRO), and Horizen (ZEN) will no longer be available for trading to Belgian customers beginning Sep. 21. Platforms powering these coins specialize in offering enhanced anonymity features, employing technologies like zero-knowledge proofs to obfuscate transaction ...

The wallet developer also raised $4.5 million from HackVC and other firms to further advance ZK-based enterprise solutions. Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year. According to the announcement, Demox also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks. Over 40,000 users signed up for the Leo wallet waitlist in the period leading up to its debut. Congratulations to Demox Labs, creators of @theLeoWallet for securing $4.5m in funding. We are proud to have a top-notch team building the future of privacy on @AleoHQ https://t.co/4P5bNVx4Ea — Aleo (@AleoHQ) June 2, 2023 The funding round was led by venture capital firm ...