TechFlow news, November 12 — In a social media post early this morning, a16z crypto stated, "As cryptocurrency gains increasing mainstream adoption, the need for privacy has never been more urgent."
The accompanying image highlights several key developments in the privacy sector:
The Ethereum Foundation has formed a new privacy team and announced the launch of Kohaku, a privacy-focused centralized wallet software development kit;
Paxos announced a collaboration with Aleo to launch USAD, a private and compliant stablecoin;
Zcash wallet Zashi integrates with Near Intents to enable privacy-preserving cross-chain swaps;
Developer activity for Noir, a zero-knowledge programming language for privacy applications, is on the rise;
The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has officially lifted sanctions on Tornado Cash, the decentralized privacy protocol that was added to its blacklist in 2022.
