Bittime - Nocturne, a privacy protocol once backed by Vitalik Buterin, co-founder of Ethereum, is rumored to be shutting down soon. Through an official announcement, Nocturne Labs as the development company stated the decision to close the company in stages.
Termination of Nocturne Protocol
Although the reasons behind this decision were not disclosed in detail, Nocturne has stopped developing the privacy protocol they created at the end of last year. Now, the next step is to gradually close the company.
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Access Fund Withdrawals Until the End of the Month
For users who have funds stored in Nocturne, there is still the opportunity to make withdrawals. Nocturne's front-end will remain open until the end of this month to facilitate the withdrawal process.
Meanwhile, starting next month, the funds withdrawal process will be transferred to self-service. Users can access detailed instructions regarding withdrawing funds via Nocturne's GitHub repository. Later, withdrawals will be made using the Command Line Interface (CLI).
Nocturne Funding in 2023
For your information, Nocturne Labs was recorded as having received seed funding of $6 million in October 2023. The funding was led by Bain Capital Crypto and Polychain Capital, with participation from Vitalik Buterin (Ethereum), Bankless Ventures, Hack VC, Robot Ventures, and other investors.
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Impact of Nocturne Closing
Nocturne's closure is a blow to the development of privacy technology in the blockchain space. Privacy protocols like Nocturne aim to allow users to carry out crypto transactions anonymously, thereby increasing financial privacy in the blockchain world.
However, despite Nocturne's closure, the need for financial privacy in the blockchain world is expected to continue to grow. It is hoped that other developers will continue to innovate to provide better and more sustainable privacy solutions.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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