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Transformative Shift: COTI Leads the Future of Privacy with Ethereum Layer 2 Adoption

million, to fuel the holistic development of its ecosystem. This initiative is designed to support projects and developers who are aligned with COTI's mission of enhancing privacy, security, and scalability within the Ethereum ecosystem. The Ecosystem Growth Fund represents a significant investment in the future of blockchain technology and underscores COTI's dedication to fostering innovation and growth within the industry. Advancing Privacy with Garbling Circuits Technology COTI's transition to Ethereum Layer 2 signifies a strategic shift towards scalable privacy solutions within the blockchain space. The adoption of Garbling Circuits technology enhances the speed, efficiency, and security of COTI V2, positioning the firm as a pioneer in privacy-focused initiatives. Garbling Circuits technology opens doors to a wide range of applications, including privacy-preserving wallets, decentralized exchanges (DEXs), private AI training, governance mechanisms, and more. Part

Catalyx Crypto Exchange Halts Trading Amid Security Breach: Investigation Underway

Catalyx, the company responsible for operating a prominent Canadian cryptocurrency exchange, has made the decision to suspend all trading activities, as well as deposits and withdrawals. This comes in the wake of a recent security breach that has resulted in the loss of customer funds. While the exact amount of money that has been lost has not been disclosed, an investigation has been launched to determine the full extent of the breach. There are suspicions that an employee may be involved in this unfortunate incident. It is worth noting that last week, Canadian regulators took action by ordering Catalyx to cease all trading of crypto contracts and initiated their own investigation into the company. This development has undoubtedly raised concerns within the cryptocurrency community and highlights the ongoing challenges faced by exchanges in safeguarding customer assets.

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