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Brave, Zcash (ZEC) developer Electric Coin Company (ECC) and Filecoin Foundation have announced a partnership aimed at bringing new privacy features to Brave browser. The companies will tap into Zcash protocol’s shielded transactions and Filecoin’s InterPlanetary File System (IPFS). Brave Software Inc., Electric Coin Co. (ECC) and Filecoin Foundation announced a new partnership during Messari Mainnet on Friday, September 22. The Brave team, Zcash (ZEC) developer group and the Filecoin (FIL) non-profit said they will be collaborating in an effort that should see new privacy Features come to Web3 via the Brave browser. Zcash is one of the top privacy coins in the crypto space. According to the companies, the innovative privacy-focused features will also be available via Brave’s integrated Web3 wallet. New privacy features for Brave browser Brave offers a privacy -oriented browser that rewards users with Basic Attention Token (BAT) for acc...

KYC is an important measure for crypto exchanges to protect and recover user funds in the case of theft or hacking, KuCoin CEO Johnny Lyu said. Amid KuCoin exchange preparing to adopt mandatory Know Your Customer (KYC) checks, the company’s CEO argued that privacy is not the most important feature of Bitcoin (BTC). “When it comes to the purpose of Bitcoin creation, I think privacy is just one of its Features ,” KuCoin CEO Johnny Lyu told Cointelegraph in an interview on July 4. Instead of privacy, the core benefit of Bitcoin is a unit of exchange, which allows holders to hedge against recessions, Lyu hinted. The CEO mentioned that Bitcoin was created after the 2008 financial crisis, which was triggered by the United States subprime mortgage crisis. “These events led to the birth of Bitcoin,” Lyu noted. While some may believe that overly strict KYC practices are not good for users as they may limit one’s privacy, the KuCoin CEO believes that such policies are more useful than not, as...