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Aztec
2026-09-29 21:46:03

Aztec relaunches zk.money, reviving private stablecoin transfers on Ethereum

Aztec Labs has brought back zk.money three years after shutting it down, relaunching the self-custodial wallet on Tuesday as a privacy-focused payment tool for Ethereum users. The product lets people send and receive stablecoins without exposing balances, payment amounts, or recipients on public view. Users can claim human-readable tags such as bob.zk.money, which resolve to deposit addresses through the Ethereum Name Service. The wallet runs on Aztec Network, which the company describes as a privacy-first Ethereum layer-2. Private functions are handled on the user’s own device, where zero-knowledge proofs are generated to validate transactions without revealing their contents. Aztec said deposits coming from Ethereum remain public, while transfers made inside zk.money stay hidden. At launch, the wallet supports USDC, USDT, and DAI sent from exchanges or Ethereum wallets. Early usage limits are in place: each transaction is capped at $2,500, and all users share a combined daily deposit ceiling of $50,000. Aztec also said the self-custodial design means it cannot freeze or spend user funds, and that no privileged administrator controls the wallet. The relaunch lands as privacy gains more attention in Ethereum development discussions, including proposals tied to next year’s Hegotá upgrade and recent comments from Vitalik Buterin on zero-knowledge-based privacy for special-purpose apps.

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Aztec relaunches zk.money, reviving private stablecoin transfers on Ethereum
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Bitcoin
2026-09-28 09:09:19

Shielded Bitcoin paper proposes Zcash-style privacy on Bitcoin L1, but leaves peg mechanisms unresolved

A new paper from cryptography research group [[alloc] init] lays out "Shielded Bitcoin," a protocol that aims to enable private BTC transfers directly on Bitcoin’s base layer without a soft fork or a sidechain. Written by Clara Shikhelman, Mikhail Komarov, and Aleksei Moskvin, the design borrows from Zcash’s shielded pool model, using encrypted notes, public nullifiers, and zero-knowledge proofs while treating Bitcoin as a data-availability layer through OP_RETURN-based envelopes. Indexers would watch the chain, replay transactions in block order, and discard invalid ones. The paper also highlights a key limitation: peg-in and peg-out, the mechanism for moving BTC into and out of the system, are explicitly left for future work. The proposal arrives as privacy assets and narratives are gaining traction. ZEC reached about $1,600 this week, with a roughly $26 billion market cap and ranking ninth among cryptocurrencies, while Grayscale’s Zcash ETF ZCSH has drawn more than $250 million in net inflows since its August 25 launch. The article also points to Citrea’s acquisition of privacy-focused Bitcoin wallet Crest, NEAR’s rollout of default confidential perpetuals and confidential limit orders, and broader concerns that AI-driven surveillance could make transparent blockchains more exposing over time. In that context, Shielded Bitcoin is being framed as an attempt to bring privacy demand back onto Bitcoin itself rather than leaving it to Ethereum, Monero, Solana, or Zcash.

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Shielded Bitcoin paper proposes Zcash-style privacy on Bitcoin L1, but leaves peg mechanisms unresolved
Meta’s Muse faces another permissions dispute after arranging a Marketplace pickup without confirmation
Bitcoin’s quantum risk is drawing fresh attention as researchers push three lines of defense