PFS Newsletter #3 - November 2023
General PriFi News
Nocturne Protocol: Nocturne is building a protocol on Ethereum that aims to allow users to transact anonymously within the Ethereum ecosystem. V1 has recently been launched on mainnet; the privacy policy states that personal information (unique identifiers), all communications and interactions with Nocturne, as well as device/browsing information and activities and usage are automatically collected:
Monero: The Monero community crowdfunding wallet was drained of its entire balance, 2,675.73 XMR, worth more than $450,000. This event already happened a few weeks ago, on September 1, but was just recently disclosed by Monero developer Luigi on GitHub and intensively discussed the past month. More details here in our article.
EU Lawmakers: EU lawmakers may require crypto firms to verify identities in transactions under €1,000; and of course they are just doing it for your security, to stop terrorists.. Do not believe them a single word; all they seek is control!
TornadoCash: The crypto advocacy group ‘Blockchain Association’ said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. This case is currently one of the most important ones when it is about the regulatory future of privacy solutions. Their founders were arrested in 2022/2023 due to different charges, e.g. facilitating money laundering, through the crypto-mixer Tornado Cash. Read the full brief of Blockchain Association here:
PFS Announcements
PFS Knowledge Base: Among many ongoing developments, the PFS is working on a knowledge base that will cover all essential topics regarding private finance technologies and solutions. We want to create a platform that helps newbies as well as advanced people in this space to grow their knowledge; the launch date will be announced shortly.
Member Project Updates
BasicSwapDEX: BasicSwapDEX was busy with installer testing, fixes, and other improvements. Moreover, the web display of order books on BasicSwapDEX is underway, the BasicSwap's 2.1 UI update in progress.
Particl: Development updates for Particl Desktop were posted in the recent Particl Development Progress Report; their decentralized marketplace has come a long way already
Navcoin: Navcoin was listed on nonKYC.io, a centralized cryptocurrency exchange that does not require any personal data/KYC. The pairs listed are NAV/USDT, NAV/BTC, NAV/XMR and NAV/LTC.
Quote of the Month
"What I care about is the reality of goodness, not the perception of it. And what I see all over the place is people who care about looking good, while doing evil. Fuck them."
- Elon Musk, NYT Dealbook Summit 2023