A new semi-permissionless privacy tool, Privacy Pools, has launched on Ethereum, allowing users to transact privately while proving their funds aren’t linked to illicit activities.
The privacy tool, launched by Ethereum builders 0xbow.io on March 31, earned support from the likes of Ethereum co-founder Vitalik Buterin, who not only backed the privacy project but made one of the first deposits on the platform.
0xbow.io said that it implements “Association Sets” to batch transactions into the anonymous Privacy Pools and that a screening test is conducted to ensure that those transactions aren’t linked to illicit actors, such as hackers, phishers and scammers.
gm Ethereum ☀️
It is our great honor to announce the mainnet launch of Privacy Pools!
ETH users can now achieve on-chain privacy, while still dissociating from illicit funds
It is now up to all of us to Make Privacy Normal Again 🫡
The Association Sets are “dynamic” — meaning that if a transaction is admitted but later found to be illicit, it can be removed from the set without disrupting any other deposits, 0xbow.io said.
If a deposit is disqualified, the user can click the “ragequit” function to return the funds to their original deposit address.
The innovation is part of 0xbow.io’s vision to “Make Privacy Normal Again” while also attempting to achieve regulatory compliance.
Privacy protocols have received considerable backlash from regulators in recent years due to their increasing use by illicit actors to launder funds.
One of those privacy tools, Tornado Cash, was sanctioned by the US Treasury’s Office of Foreign Assets Control (OFAC) between August 2022 and March 2025 after it was linked to around $7 billion laundered by the North Korean state-backed Lazarus Group.
0xbow.io also praised Buterin, Chainalysis Chief Scientist Jacob Illum, and two academics at the University of Basel in Switzerland for crafting a September 2023 white paper outlining how Privacy Pools could be built.
0xbow.io strategic adviser Ameen Soleimani also contributed to the paper, which has seen over 12,000 downloads and has been cited in nine other papers.
The Privacy Pool code also passed a successful audit from Audit Wizard. a smart contract auditing firm co-founded by former Apple engineer Joe van Loon.
More than $41 billion worth of illicit transfers were made in 2024, which made up 0.14% of total onchain volume for the year, according to the Chainalysis 2025 Crypto Crime report published on Jan. 15.
While it marked around an 11% fall from 2023, Chainalysis said that figure could climb to around $51 billion as more criminal-tied addresses are found.
British Palestinians have called on Sir Keir Starmer to take “immediate, concrete” steps on Gaza instead of “focusing on a symbolic gesture” of recognising it as a state ahead of an emergency cabinet meeting.
The prime minister has recalled his cabinet ministers from parliamentary recess for a meeting at 2pm, when they will discuss what the UK’s next steps should be, after Sir Keir held meetings with Donald Trump yesterday.
Ahead of the cabinet meeting, the British Palestinian Committee (BPC), which represents the experiences of Palestinians in the UK, has sent Sir Keir a letter urging him to take actions they say could make a real difference to people in Gaza.
The war has now been going on for 21 months after it was sparked by Hamas militants killing 1,200 Israelis and taking 250 hostages on 7 October 2023. The militant group still holds 50 hostages, of whom only 20 are believed to be alive.
The BPC said recognising Palestine as a state is now “symbolic” as it “will not end the genocide and must not be used to deflect from accountability”.
Sir Keir has been under pressure from his own MPs and other UK political parties, notably since France said it will recognise Palestine as a state, but has so far resisted – saying recognition needs to be part of a wider peace plan.
He has so far refused to say whether “genocide” is taking place in Gaza – a claim Israel has vehemently denied.
Israel has paused fighting in three areas for another 10 hours today to help aid distribution, the third day it has done so amid mounting international condemnation of the scenes of hunger unfolding in Gaza.
David Mencer, a spokesperson for the Israeli government, said: “There is no intent, (which is) key for the charge of genocide… it simply doesn’t make sense for a country to send in 1.9 million tonnes of aid, most of that being food, if there is an intent of genocide.”
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2:39
Sky News on board Gaza aid plane
The BPC, an independent group, said the government has “not only a political and moral obligation, but a legal obligation” to take three steps.
They are:
• Preventing and punishing Israel’s “genocide” in Gaza and to end “all complicity in it”
• Apply “immediate and comprehensive sanctions on Israel”
• Safeguard the rights to freedom of expression and assembly in the UK
More specifically, the group has called on Sir Keir to end “all forms of military collaboration, urgently review all public contracts to ensure they are not aiding unlawful occupation or genocidal acts, and support universal jurisdiction mandates”.
Image: The BPC said the UK could take immediate steps to help starving Gazans. Pic: Reuters
The group said these steps would help towards ending the starvation crisis in Gaza, which it said had been made possible “due to the impunity granted to” Israel and “compounded by the active military, economic and diplomatic support from states such as the UK”.
The group also accused the UK government of introducing “draconian legislation to limit the rights” of British citizens campaigning to end the atrocities “and British complicity in those atrocities” – in reference to Palestine Action being designated as a terrorist organisation.
‘Immediate steps’ Britain can take
Dr Sara Husseini, director of the BPC, said: “We wrote to the prime minister to remind the UK cabinet of their legal obligations towards the Palestinian people.”
She said there are a “number of immediate steps” the British government “can and should be taking”, as outlined in the letter.
Dr Husseini said 147 countries have already recognised Palestine as a state, and instead of “focusing on a symbolic gesture” it is essential the UK severs diplomatic ties with Israel, institutes a full arms embargo, applies comprehensive sanctions and cuts trade.
“Anything short of this amounts to complicity,” she added.
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22:05
Has Trump broken from Netanyahu over Gaza?
Ahead of the cabinet meeting, senior minister Peter Kyle told Sky News the PM had decided to call an emergency meeting “to discuss all of the actions that Britain can and should be taking at a time like this”.
He said recognising Palestine as a state is a manifesto commitment but the “real priority” right now is to try to get aid into Gaza.
Jeremy Corbyn and Zarah Sultana’s new party will offer “unapologetically socialist” policies, with the pair to embark on a nationwide tour to listen to ideas, Sky News understands.
The former Labour MPs are aiming to hold the party’s first conference in the autumn to help decide what it stands for and models of leadership.
Ms Sultana told Sky News its policies will include “democratic public ownership of key industries, universal free childcare, rent controls, free public transport and much more”.
Mr Corbyn, the ex-Labour leader, added there is “huge appetite for the policies that are needed to fix society”, including “wealth redistribution, housing justice, and a foreign policy based on peace and human rights”.
The autumn conference will be for paid members rather than those who have simply signed up to the party’s website.
How to translate signups into membership, and exactly how members will have their say on policies, will be discussed as part of a “founding process” over the next few months.
This will involve local engagement with communities up and down the country, including rallies and meetings fronted by Mr Corbyn and Ms Sultana, as well as “other public figures”, a source close to the party told Sky News.
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1:22
Corbyn’s new party shakes the left
Election goals
While there are many details to be fleshed out, including the name, the pair’s “primary aim” is to make gains at the local elections next May, it is understood.
Insiders have claimed they are attracting support from a wide geographical area, the strongest bases being in London, the North West, and Yorkshire and the Humber.
It remains to be seen whether those who have expressed an interest will go on to join the party.
However, there is a risk it could eat into Labour’s vote share by attracting those on the left unhappy with the direction of the Starmer government, particularly on issues like Gaza and welfare.
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5:51
Corbyn open to ideas on new party name
Mr Corbyn led the Labour Party from 2015 to 2020 before being suspended following a row over a report into antisemitism. He retained his seat in Islington North after standing in last year’s general election as an independent.
Polling by More in Common before the new outfit was officially announced suggested it could take 10% of the vote at a general election, mainly from Labour and the Greens.
This has raised the prospect of Mr Corbyn striking a deal with the Greens, where both sides would agree to stand down in seats where the other has a stronger chance of winning
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The Islington North MP has suggested he is open to collaboration with progressive parties, but it is understood that electoral strategy will be informed by conference. It is also not clear if the Greens would agree to any such pact.
Some MPs are worried the split in the left vote could make it easier for Nigel Farage, already ahead in the polls, to enter Downing Street.
Patrick Hurley, the Labour MP for Southport, told Sky News: “The thing I’m worried about with regard to the unnamed but already chaotic Corbyn Party is that they let Reform through the middle by taking votes off a progressive centre left party like Labour.
“They won’t be a threat electorally, but they may well let the radical right wing into power by splitting the vote.”
However, Labour was dismissive of the threat the party posed, with a source saying: “The electorate has twice given its verdict on a Jeremy Corbyn-led party.”
Corporations have accumulated 1% of all Ether since June, with Standard Chartered forecasting 10% ownership as institutional appetite for ETH continues to grow.