Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym's decentralized infrastructure. This funding comes a couple of weeks after its native token NYM launched on major crypto exchanges, including OKX and Huobi. At the time of publication, the NYM token traded at an average price of $0.92, and its 24-hour trading volume has witnessed a spike since the fund's announcement. The day that NYM was first listed on April …

A network that’s home to tools and applications championing anonymity has announced that it is exploring the development of oxUSD, a privacy preserving stablecoin. Oxen’s network is already used to power the anonymous messaging app Session — as well as Lokinet, a router that offers an alternative to Tor. However, the project’s team say their infrastructure is capable of handling so much more. They believe a private stablecoin would be a powerful complement to the products that are already on offer, delivering instant and untraceable digital payments. When it comes to the rationale behind launching such a digital asset, Oxen …

The cryptocurrency community has been doubling down on its support to privacy-centric applications like Tor Browser in 2020, according to new data. The Tor Project, a non-profit organization behind the anonymous Tor Browser, saw a 23% increase in cryptocurrency donations in 2020. A spokesperson at the Tor Project told Cointelegraph that crypto-powered donations surged from $189,637 in 2019 to $233,019 in 2020. According to a Jan. 25 announcement by the project, crypto donations made up nearly 26% of total individual donations, which amounted to $913,110. According to a Tor Project representative, Bitcoin (BTC) was the most popular cryptocurrency for their …

The Bitcoin (BTC) network has been steadily recovering in terms of running BTC nodes after a major outage on the Tor network. According to the latest data from node monitoring resource Bitnodes, Tor-enabled Bitcoin (BTC) nodes are back to normal following almost a full-swing crash in early January 2021. As of Jan. 13, the number of reachable Tor-based BTC nodes amounted to 2,581, up from as few as 122 nodes on Jan. 9. Based on Bitnodes data, Tor-enabled Bitcoin nodes make up a significant part of the Bitcoin network, normally accounting for about 25% of totally reachable running nodes. According …

On Friday, NSA whistleblower Edward Snowden led a panel discussion as part of a fundraiser for the Tor Project. Joining Snowden were three experts in internet privacy and human rights. The four focused on global protests over the past year, whether they were in Minsk or Portland. Founder of the Library Freedom Project Alison Macrina said that: “What we saw a lot this summer with the BLM protests across the country and the world was [..] law enforcement monitoring social media of activists.” She continued to notes that protestors have gotten cagier to the fact that law enforcement are using …

While the precise origin of the COVID-19 pandemic is unknown, it has infected more than 30 million people, with almost 1 million confirmed to have died from it as it continues to spread across the world. The highly contagious virus has the ability to survive up to three weeks in frozen food supplies of meat and fish, according to a study. Related: Illicit crypto transactions are getting more attention from the government The United States — the worst-hit country by sheer numbers — is now facing two intersecting health crises: The ongoing opioid overdose epidemic and the coronavirus pandemic with …

Bitcoin was down a bit this week, stopping just above $11,000. That increase in volatility is only to be expected, say some experts, as we approach the end of some BTC futures and options contracts. Other contributors to increased volatility include Bitcoin’s long period of consolidation and a key resistance level. But what happens next? World leaders have been discussing the role of cryptocurrencies during The Great Reset, the time that will follow the end of the pandemic and the reopening of world economies. As some leaders look for a new kind of capitalism, the cryptocurrency industry is hoping for …

It’s back to stability for Bitcoin this week as the currency continues to knock at the $12,000 ceiling. Where will it go next? One analyst sees a Battle Royale as whales try to push towards $14,000. Other investors are more optimistic. They see Berkshire Hathaway’s recent sale of bank stocks and purchase of stock in a gold mining company pushing the price to $50,000. If Warren Buffett is souring on the banking system though, he’s late to the party. Kim Dotcom got there two years ago — and has reminded his followers that he advised them to buy Bitcoin. The …

Last week, the Bitcoin news was all about lift-off. This week, it’s all about the leveling off. Bitcoin ends the week around $11,400, a fall of about 2.7% over the last seven days. That drop included a correction of $700 in one day so the question now is whether the bullish moment has gone or will Bitcoin push on to $15,000? Its first mission will be to break the resistance at $12,000. Bitcoin failed to do that twice in ten days but consolidated after each failure, which some experts believe is evidence of a continued bull run. MicroStrategy, a publicly-traded …

According to recently published research, an attacker has found vulnerabilities in the Tor browser network that might have allowed them to steal Bitcoin (BTC) from users. Tor was developed by the U.S. government for anonymous internet communication and has since been adopted by privacy advocates. Because of its privacy-preserving features, it is also popular with the denizens of the Dark Web. Many in the crypto community rely on Tor, entrusting their Bitcoin transactions to its security and anonymity. Confirmed malicious Tor exit capacity controlled by a malicious player. Source: nusenu. However, according to nusenu, who discovered this attack, this might …

Due to the transition of many people around the world into a “stay at home” mode, where the only viable way of communicating and receiving something is through the global network, some new information regarding darknet activity has begun to surface. In the time of COVID-19, there has been an increase in both the activity of cyber fraudsters using the capabilities of cryptocurrencies and general illegal activity on the World Wide Web. Of course, not all darknet operators are using the epidemic for malicious advantage, and comply with the code of honor. Nonetheless, Cointelegraph decided to figure out how Bitcoin …

The Stellar Development Foundation has committed up to 2.5 million Lumens to six non-profit organizations to help out during the coronavirus crisis — and they’re calling on the community to help. The SDF will kick the initiative off by donating 100,000 XLM each to six charities, with the remaining funds used to match community contributions on a one-to-one basis throughout April. Strong balance sheet SDF CEO Denelle Dixon told Cointelegraph the Foundation was lucky enough to be in a strong financial position to be able to help: “We're in the fortunate position of having stability during this time, we have …