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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

Binance Announces Potential Delisting of High-Risk Tokens: A Closer Look at the Monitoring Tag and User Awareness Measures

Binance, one of the world's largest cryptocurrency exchanges, recently announced that tokens marked with a monitoring tag may face delisting if they fail to meet the exchange's listing criteria. The monitoring tag is assigned to tokens that exhibit higher volatility and risks compared to other listed tokens. In order to trade these tokens, users are required to pass a quiz to ensure they are aware of the associated risks. Binance conducts regular reviews of tokens with the monitoring tag, considering factors such as trading volume, liquidity, network stability and security, contribution to a healthy crypto ecosystem, and responsiveness to due diligence requests. It is important to note that other services relating to the tokens on the list, including trading, are unaffected by this announcement.

Tokens marked with the monitoring tag include Aragon (ANT), Keep3rV1 (KP3R), Mdex (MDX), MobileCoin (MOB), Reef (REEF), and Vai (VAI). These tokens, along with others, have been identified as requiring closer monitoring due to their higher volatility and associated risks. Binance's decision to implement a quiz requirement for trading these tokens aims to ensure that users are well-informed about the risks involved.

Binance has faced challenges when it comes to listing privacy coins on its platform, particularly in certain regions. In May 2023, the exchange announced plans to delist several privacy coins, including Monero, Zcash, and Horizen, in France, Italy, Poland, and Spain. However, Binance later reversed its decision on some of the affected cryptocurrencies. Despite this, certain privacy coins, including Monero, remain affected by the ban. Binance cites local regulations that require exchanges to be able to monitor transactions for listed coins as the reason for this restriction.

It is worth noting that cryptocurrencies like Bitcoin and Ethereum use pseudonymous wallet addresses, allowing for public ledger transparency. However, privacy coins employ cryptographic techniques to protect user identities and enable anonymous transactions. Binance's cautious approach to privacy coins reflects its commitment to complying with local regulations and ensuring the transparency and security of its platform.

Decrypt has reached out to Binance for comment on this recent announcement, and we will update this article accordingly if the exchange responds. As the cryptocurrency market continues to evolve, exchanges like Binance must strike a delicate balance between innovation, compliance, and risk management to maintain a healthy and sustainable crypto ecosystem.

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