According to a recent press release shared with CryptoPotato, the infamous whistleblower Chelsea Manning will be performing a security audit of the multipurpose, privacy-based mixnet NYM, which incentivizes its node operators through Bitcoin payments.
NYM: A Privacy Alternative to Tor
Chelsea Manning was imprisoned for seven years for exposing US military war crimes in Iraq and Afghanistan, the statement reminded. For her, avoiding government surveillance is a big deal, and so the development of a decentralized, permissionless, and private system such as NYM is something she would take great care in doing.
CEO of NYM Harry Halpin seems to have the same opinion, which is why he recruited Manning to audit their software.
“While trusting software with their money is one thing people are learning to do with Bitcoin and DeFi, brave whistleblowers and revolutionaries like Chelsea Manning have to trust software with their lives. So rather than ‘YOLO’ and launch as only to wreck their users, we’re working with the best people alive to keep our users safe and secure.”
Manning also has the knowledge and expertise fit for the task, as she is not only a whistleblower but a privacy engineer. One of her missions working alongside NYM in the coming months will be to set parameters for cover traffic – fake traffic that can confuse nosey and malicious ISP’s and phone companies – on the network.
This is a function that Tor does not provide, which is one reason Manning sees NYM as an “alternative method.”
“Nym is one such viable alternative worthy of research, and developmental implementation.” – she noted.
Chelsea Manning. Source: ABCNews
While NYM used to rely on a network of volunteers motivated by generosity alone, NYM is now recognized for also rewarding its node operators with Bitcoin payments.
Privacy vs. Transparency in Crypto: Striking the Balance
The crypto industry and DeFi space have lately been notorious for enabling the sorts of privacy among its users that the NYM mixnet may provide – but with their money. While avoiding surveillance, censorship, and repression is certainly a benefit of such developments, the power of scams, theft, and other malicious activities is also lifted by these networks.
Last week, famous political comedy host John Oliver took aim at Monero, a popular privacy-based coin, for both enabling and encouraging criminals to use their network.
ETF issuers are making their final preparations to launch spot Ethereum-based products in the United States next week. On July 18, ETF Store president Nate Geraci noted that the final S-1s were in from prospective spot ETH ETF issuers. The Form S-1 is the initial registration form for new securities required by the SEC for public
XRP saw a sharp 6% price rise over the past 24 hours to bring it to $0.186. Before this, XRP was trading sideways along with the support at $0.175. Against Bitcoin, XRP rebounded from 1900 SAT to reach 2000 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.175, $0.171, $0.157. Resistance: $0.195, $0.20, $0.21. XRP/BTC:…
[PRESS RELEASE – Singapore, Singapore, September 21st, 2024] The CPCoin Team is proud to introduce CP Merchant, an innovative crypto payment solution designed to make it as simple and seamless as possible for businesses to accept cryptocurrencies. As part of CPCoin’s ongoing mission to simplify access to digital assets and enhance the utility of cryptocurrencies
Scammers have reportedly sent consumers a new Solana Phantom security update assuring it will grant additional protection. However, wrongdoers have installed password-stealing malware through airdropped NFTs and used them to drain cryptocurrency from the affected wallets. Another Scam in the Space A recent coverage revealed that the scheme started two weeks ago when NFTs called…
The leading US-based cryptocurrency exchange, Coinbase, announced yesterday that it plans to explore new altcoins and take them under consideration for future listing on its platform. As a result, the prices of the mentioned altcoins spiked substantially. According to Max Keiser, however, some of the coins exist only to be listed on Coinbase, making the…
The Seoul High Court Civil Division has reportedly ruled that Bitcoin should not be treated as money. As such, the primary cryptocurrency is not subject to the local lending business legislation, and interest rate rules “don’t apply” to it. Limitation is Impossible According to recent coverage, South Korea’s magistrates came up with their decision after being…
[PRESS RELEASE – Mahe, Seychelles, May 4th, 2023] BitMEX, a leading cryptocurrency derivatives exchange, today announced the listing of two new perpetual contracts, PEPE and SUI. BitMEX is proud to be the first derivatives exchange to list SUI Perpetuals Contracts and the second to list PEPE Perpetuals Contracts. The recent meteoric rise of PEPE has…
PayPal announced that it will temporarily suspend crypto purchases on its platform for its U.K. based users beginning in October. The move comes in response to evolving regulatory guidelines provided by the Financial Conduct Authority (FCA) – Britain’s chief market regulator. PayPal Pauses Crypto Buys Per an email received by certain U.K. users on Wednesday,…
[PRESS RELEASE – Seoul, South Korea, November 21st, 2024] Yo-Yo.ai Launches Real-Time Prediction Model in Crypto and Stocks with $300M Hedge Fund Yo-Yo.ai, a pioneering AI research lab, has launched groundbreaking trials with a $300 million programmatic hedge fund to leverage its advanced AI-driven price prediction engine. With a 75% accuracy rate, an improvement over the industry’s