Deep Tide TechFlow News, November 12th, a16z crypto posted on social media this morning stating, “As cryptocurrencies are increasingly accepted by mainstream users, the demand for privacy is more urgent than ever.”
The accompanying image highlights the following key events in the privacy sector:
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The Ethereum Foundation has formed a new privacy team and announced the launch of Kohaku, a privacy-focused centralized wallet software development kit;
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Paxos announced a partnership with Aleo to launch USAD, a private and compliant stablecoin;
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Zcash wallet Zashi has integrated with Near Intents to enable privacy-preserving cross-chain swaps;
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Developer activity for Noir, a zero-knowledge programming language for privacy applications, shows an upward trend;
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) officially lifted sanctions on Tornado Cash, a decentralized privacy protocol that was blacklisted in 2022.
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