GNU Privacy Guard (GPG) is a popular OpenPGP (Pretty Good Privacy) implementation. It is an open-source alternative to PGP that encrypts and signs communications and data securely. The beauty of GPG is its use of public and private keys to ensure that only the intended receiver can decrypt and access the encrypted information.

GPG encryption balances symmetric and asymmetric encryption methods. It uses two keys—private and public. The private key decrypts and signs data. However, the public key is freely circulated and used by others to encrypt private key owner correspondence.

GPG encryption uses the recipient's public key to encrypt messages. Only the receiver with the private key may decode this message. It allows users to digitally sign their messages using their private key, adding another degree of authentication.

How Does GPG Encryption Work?

Let’s see how this system works step-by-step! 

Key Pair Generation: First, create a private-public key pair. This crucial step secures encryption. The public key allows secure communication, whereas the private key decrypts communications.

Encrypting a Message: Users utilize the recipient's public key to encrypt messages. This complicated algorithmic and mathematical technique encrypts the message. The recipient's private key is needed to decrypt the encrypted communication, preventing unwanted access.

Decrypting a Message: A recipient uses their private key to decode a message. This crucial step guarantees that only the receiver with the correct private key may read the information. Secure communication and secrecy are possible after decryption.

Digital Signatures: GPG encryption can digitally sign communications, further securing them. Users can produce unique digital signatures with their private keys. The sender's public key lets the receiver verify the message's validity. This rigorous verification method prevents manipulation and verifies the message's origin.

GPG Encryption Benefits

GPG encryption has various advantages that make it a popular choice for securing communication and data:

Data Security: GPG encryption protects sensitive data with robust cryptographic techniques. It ensures secrecy and avoids data breaches by making data unreadable.

Authentication: Digital signatures provide communication authentication and sender verification. Recipients can build confidence and reduce the danger of impersonation or manipulation by validating the digital signature with the sender's public key.

Non-repudiation: GPG encryption adds accountability to communication. A digital signature proves the sender's involvement, preventing any sort of conflicts later on.

Interoperability: OpenPGP-compliant applications and systems work with GPG encryption. This kind of interoperability allows encrypted messages to be safely shared between systems, encouraging adoption and secure communication.

Flexibility: GPG encryption meets a number of security needs. It encrypts files, emails and critical data in transit.

Implementing GPG Encryption

GPG encryption requires many critical steps to effectively integrate into your workflow. Understanding these processes ensures safe communication and file transfer.

Install GPG first. Windows, macOS, and Linux support GPG. The GPG website has OS-specific installation instructions.

After installing GPG, generate a private-public key pair. You'll establish a passphrase and submit personal information to safeguard your private key. This proves you possess the key pair.

After establishing your key pair, share your public key with anyone who wants to send you encrypted communications. You can email, keyserver, or directly share your public key.

Encrypting a message with GPG requires the recipient's public key. Only the intended receiver may decode and read the message.

The receiver can decode the communication using their private key. They can only access the information, ensuring communication secrecy.

#encryption #cryptography #blockchain #cryptocurrency #cryptocurrencynews $BTC $LTC $XLM

Crypto News Key Highlights:
Bitget Wallet, a leading non-custodial wallet with over 12 million users globally, is set to launch its native token, BWB. The token's debut, hinted through a captivating video, aims to challenge mainstream Web3 wallets like MetaMask. Bitget's parent company's strategic investment in BitKeep in 2023 sparked its transformation into Bitget Wallet. With a recent surge in its native token's trading volume, Bitget reinforces its position as a key player in the crypto space.Mudrex, a U.S.-based crypto investment firm in India, plans to provide Indian investors access to U.S. spot Bitcoin ETFs, facilitating investment via BlackRock and Fidelity. Compliant with Indian regulations, Mudrex aims to utilize the Liberalised Remittance Scheme for seamless transactions, targeting institutional investors with a $250,000 investment cap.Tesla CEO Elon Musk intensifies criticism against OpenAI, announcing xAI's Grok chatbot as open source amidst tensions with OpenAI's CEO. Musk accuses OpenAI of straying from its founding principles, sparking controversy. Musk's lawsuit against OpenAI and Sam Altman alleges a shift towards profit motives, highlighting broader ethical concerns in AI development.The Ethereum Dencun upgrade signals a pivotal step forward for the network, addressing key issues and enhancing performance. Notable Ethereum Improvement Proposals (EIPs) like Uniswap v4 launch and EIP-4844's scalability improvements are anticipated. The upgrade promises improved efficiency and scalability, potentially impacting Ether's price and DeFi innovation.This week, the US is unveiling key inflation metrics, with expectations for the FOMC to maintain interest rates. Cryptocurrency markets pause after a strong rally, with Bitcoin and Ethereum retracing from recent highs. US CPI data release is anticipated, impacting economic outlook, while crypto markets show resilience amid traditional market fluctuations.The crypto market in Hong Kong sees momentum with plans for spot Bitcoin and Ethereum ETFs. While the US delays Ethereum ETF approvals, Hong Kong aims to launch Ethereum ETFs swiftly. With surging adoption, Hong Kong positions itself as a potential leader in crypto ETF offerings, anticipating strong market demand.The London Stock Exchange (LSE) will accept applications for Bitcoin and Ethereum ETNs in Q2 2024, reflecting growing institutional interest in crypto. The move follows the success of the US Spot Bitcoin ETF. LSE emphasizes stringent safeguards, aligning with UK's FCA stance prioritizing investor protection in cryptoassets.
Visit: CoinGabbar
#cryptonewstoday #blockchain #cryptocurrencynews #CoinGabbar

Crypto News Key Highlights:
Shiba Inu (SHIB) has taken the lead in the recent surge of meme coins, reaching levels not seen since April 28, 2022. Justin Sun, a notable figure in the crypto community, caused a stir by transferring a significant amount of SHIB, totaling 20 trillion tokens valued at over $544.4K. Although there has been a retracement, most SHIB holders maintain a bullish sentiment, indicating confidence in the coin’s future.Bitcoin is rapidly leaving exchanges, signaling potential all-time highs. On March 1 alone, withdrawals totaled $2 billion, a record in over 5 years. Notably, U.S. spot Bitcoin ETFs and Binance withdrawals contributed significantly. Despite dwindling exchange reserves, new investors are entering the market, reflected in changing UTXO ages.Tether’s market capitalization reaches $100 billion, outpacing USD Coin (USDC) by $71 billion. Despite discrepancies in data sources, Tether plays a vital role in crypto trading, pegged to the USD across multiple blockchains. Backed by audited reserves, including U.S. Treasury Bills, Tether aims to mitigate concerns over asset quality.The iShares Bitcoin Trust (IBIT) by BlackRock has swiftly soared to $10 billion in assets under management (AUM) in a mere seven weeks, a feat that took the inaugural U.S. gold-backed ETF over two years to accomplish. Inflows into Bitcoin ETFs have notably outstripped those of gold, with unprecedented daily increases and swift accumulation, indicating a potential pivot in preferences for store of value towards Bitcoin.Vitalik Buterin praised Reddit’s decision to incorporate contributor ownership in its IPO but expressed disappointment over U.S. regulations limiting participation. Buterin emphasized the global opportunities in crypto, suggesting a more inclusive model. Reddit’s IPO filing indicates investments in Bitcoin and Ethereum, signaling a move towards blockchain technology.Binance announces transition from USDP to FDUSD on Binance Futures, effective March 8th, to enhance trading experience. USDP support ends on March 14th. Operational changes implemented, including zero transfer-in limits for USDP and automatic conversion to USDT. Proactive risk management advised during transition. FDUSD brings operational adjustments and fair transfer-in limits based on VIP levels.Bitcoin Ordinals and Bitcoin-based NFTs witness surges in trading volume and demand. Magic Eden dominates Bitcoin Ordinals trading, reaching $39.29 million in volume. NodeMonkes NFT spikes by 25% to 0.89 BTC, valuing at $56,500, elevating its market capitalization to $565 million, ranking third among NFTs.
Visit: CoinGabbar
#cryptonewstoday #cryptocurrencynews #crypto⭐️ #CoinGabbar

Appen Faces Financial Strain as Google and Alphabet Ends Partnership
Alphabet has severed ties with Appen, the AI data firm pivotal in training Google’s Bard chatbot and other AI products. This termination, effective March 19, follows Alphabet’s strategic review, impacting approximately two thousand subcontracted Alphabet workers. Appen, based in Australia, relied on Alphabet for about one-third of its revenue, with $82.8 million in 2023. The move comes amidst Appen’s financial struggles, marked by a 30% revenue decline in 2023 and a stock plunge of over 99% since its 2020 peak.
The company, which faced disputes with Google over wages, plans to focus on cost management and delivering quality AI data after the contract termination, affecting its nearly 30-year history in training AI models for major tech companies like Microsoft, Apple, Meta, and Amazon. Despite its prestigious client list, Appen’s challenges include executive departures and a disjointed organisational structure. The termination underscores the evolving landscape, with companies increasingly relying on large language models like OpenAI’s ChatGPT and Google’s Bard, reducing dependence on firms like Appen for training data.
Similar Contract Termination by Google with Appen
Google has decided to terminate its contract with Appen, a pivotal Australian data company crucial for training its AI tools, including Bard and Search. This decision is part of Alphabet’s broader initiative to streamline and enhance efficiency in its supplier partnerships. Appen, seemingly blindsided by the termination, plays a vital role in tasks such as rating data quality and providing answers for AI models.
The contractors at Appen, often the underappreciated backbone of the industry, are facing uncertainties due to the move. Google’s decision has significant financial implications for Appen, as the company heavily relies on the tech giant. In the fiscal year 2023, Google’s contribution to Appen’s revenue amounted to $82.8 million out of a total of $273 million. The Alphabet Workers Union has highlighted that at least two thousand subcontracted workers will be directly impacted by this termination, underscoring the potential human and economic consequences of such strategic shifts in the tech industry.
Impact of these Termination on Appen
The termination of the Alphabet-Appen contract will have substantial ramifications, affecting not only Appen’s revenue but also the livelihoods of its workers, with at least two thousand subcontracted Alphabet workers impacted.
This move by Google aligns with broader industry trends where companies are reevaluating and adjusting supplier partnerships to enhance operational efficiency. It also highlights the increasing scrutiny on labour practices within the AI industry, with workers advocating for better wages and conditions. The Alphabet Workers Union’s ongoing efforts to improve conditions for workers in the industry may gain momentum in the wake of such developments.
#google #cryptonewstoday #CoinGabbar #cryptocurrencynews

Bitcoin ETF Trading Volume Surpasses 1B Dollar Led by BlackRock
On February 7, the total daily trading volume for spot Bitcoin exchange-traded funds (ETFs) reached an impressive milestone, surpassing $1 billion. BlackRock emerged as the leader, with its IBIT Bitcoin ETF experiencing a daily trading volume of $341.2 million, outpacing Grayscale Bitcoin Trust, which recorded $296.5 million. Fidelity’s FBTC fund secured the third position with $200 million. Despite the notable achievement, Bloomberg Intelligence analyst James Seyffart downplayed the significance, stating that while it marked a “tick-up,” it still lagged behind the initial weeks of trading for Bitcoin ETF.
Spot Bitcoin ETF Inflows Outpace GBTC Outflows for Ninth Consecutive Day
In another development, spot Bitcoin ETFs continued to demonstrate resilience by attracting inflows, outpacing outflows from the GBTC for the ninth consecutive day. On February 7, GBTC reported $81 million in outflows, while the combined inflows for the other nine spot Bitcoin ETFs amounted to $226 million. BlackRock and Fidelity witnessed notable inflows, with BlackRock receiving $56 million and Fidelity’s fund increasing by $130 million. Bitwise also contributed with $21 million in inflows.
Fidelity and BlackRock Play Key Roles in Growing ETF Landscape
Amidst the success of Bitcoin ETFs, Fidelity has emerged as a key player, with its FBTC fund ranking third in daily trading volume. Notably, Fidelity is now allocating spot Bitcoin to its All-in-One Conservative ETF, a move that ETF analyst Eric Balchunas sees as a positive indicator. The ETF landscape has seen a transformative impact, with Bitcoin ETFs collectively holding approximately 187,000 BTC as of February 7. Investor and author Fred Krueger pointed out that the combined BTC holdings of the newly launched nine ETFs are approaching the holdings of MicroStrategy, the largest corporate holder of Bitcoin, further emphasising the growing influence of ETFs in the crypto space.
In summary, the latest developments underscore the increasing prominence of Bitcoin ETFs, with BlackRock leading in daily trading volume and Fidelity playing a significant role in the growing ETF landscape. The ongoing trend of spot Bitcoin ETF inflows surpassing GBTC outflows highlights the shifting dynamics within the cryptocurrency investment landscape.
#BitcoinETFs #cryptocurrencynews #CoinGabbar

Visit: CoinGabbar

Germany’s Bitcoin Seizure Reveals a New Chapter in Crypto Regulation
German authorities have announced the seizure of an unmatched 50,000 bitcoins. This represents the largest takeover of its kind in the Federal Republic of Germany. The operation was headed by the Saxony state police, working in collaboration with the Dresden General Prosecutor’s Office, the Saxony State Criminal Police Office, and the Leipzig II Tax Office. All these efforts were coordinated by the Integrated Investigation Unit (INES).
The seized bitcoins, currently valued at an impressive $2.13 billion, were voluntarily transferred to official wallets provided by the Federal Criminal Police Office (BKA) by a 40-year-old German programmer. The case revolves around the accused’s claimed role in operating movie2k.io, previously Germany’s top illegal video-sharing site that was shut down in 2013. The programmer and his business partner are under investigation for alleged unauthorized commercial utilization of copyrighted works and subsequent money laundering.
Bitcoin’s Role in the Unfolding Drama
The accused in this story surprised everyone by turning the profits from the illegal video-sharing site into Bitcoin. This grabs attention and highlights the attractiveness and security aspects of the top cryptocurrency globally. It makes us think about Bitcoin’s role in such situations and raises questions about its reputation as a secure and private method for financial transactions.
As we already saw in recent news of James “Jimmy” Zhong, who is a computer science graduate man. He also pulled off the largest Bitcoin heist by exploiting a glitch in the Silk Road, a dark web marketplace. His discovery of the glitch came about when he bought cocaine, adding an unexpected element to the story. Zhong managed to stay under the radar for nearly a decade until a home robbery and a suspicious Bitcoin transfer caught the attention of authorities.
Bitcoin’s Secure Transfer Reveals Unique Aspects
The accused’s choice to freely transfer bitcoins to law authorities’ official wallets highlights the unique aspects of Bitcoin — its security and anonymity. Bitcoin’s decentralized nature gives users control over their funds, with private keys serving as the ultimate access point. However, this case also emphasizes that law officials can trace and seize illegally acquired bitcoins when individuals willingly reveal their ownership.
Bitcoin’s Use in Money Laundering Investigations
The recent money-laundering investigation has highlighted Bitcoin’s potential in uncovering illegal activities. Even though Bitcoin transactions are visible on the public ledger called the blockchain, the people behind the addresses remain anonymous. This balance between transparency and privacy sparks debates about cryptocurrency use in crime. However, the recent German seizure shows that, in specific cases, authorities can bridge this gap and trace funds, potentially stopping criminal operations.
As in previous days, in the news portal of coingabbar, we covered an article and shared information about China’s new rules for digital assets. Where they, plan to update anti-money laundering rules by 2025, indicating a balanced perspective on digital assets. These changes aim to address money laundering, with the goal of official approval by 2025, the first major update since 2007. This shows almost every country’s authorities working towards the security of digital assets or cryptocurrencies.
Crypto Collaboration for Security
As the world navigates the complex landscape of cryptocurrency regulations, this case presents an opportunity to enhance the security and privacy features of Bitcoin. One possible suggestion is the development and adoption of privacy-focused technologies and protocols within the cryptocurrency ecosystem. Solutions like CoinJoin, Confidential Transactions, and other privacy coins aim to address the concerns surrounding the traceability of transactions without compromising the decentralization and transparency principles that support Bitcoin.

Furthermore, collaborations between cryptocurrency developers, regulators, and law authorities can encourage a more complete understanding of the technology. By working together, partners can establish frameworks that balance the need for privacy and security with the urgency to prevent and investigate illegal activities.
Conclusion
The German authorities’ seizure of 50,000 bitcoins reveals a new chapter in the continuing story of cryptocurrencies and law implementation. Bitcoin’s central role in this case highlights its attraction as a secure, decentralized form of currency. However, it also stresses the importance of responsible use and regulation.
As the crypto landscape evolves, finding a delicate balance between privacy and transparency will be vital for the continued growth and acceptance of cryptocurrencies in the global financial ecosystem. The solution lies in collaborative efforts to enhance security measures while respecting the fundamental principles that make Bitcoin a radical power in the world of finance.
Visit: CoinGabbar

#cryptonewstoday #cryptocurrencynews #BTCETFS

Vitalik Buterin Falls Victim to Deepfake Again
In the current era of expanding AI technologies, harmful effects are emerging, particularly in the form of Deepfake videos. Leaders across industries, including celebrity influencers and tech figures, are being targeted. Recently, Ethereum co-founder Vitalik Buterin has once again become a victim of Deepfake technology.

Buterin Featured in Fishing Website Advertisement
Deepfake videos have emerged, featuring Ethereum co-founder Vitalik Buterin seemingly endorsing a phishing website, sparking alarm within the crypto community. This incident marks a recurring pattern, as Buterin has previously been entangled in Deepfake scams. In a similar occurrence in September, he was portrayed supporting a novel meme token in another video. The deceptive use of Deepfake technology to manipulate Buterin's image and voice raises heightened concerns about the potential for misinformation and fraudulent activities within the cryptocurrency space. Such incidents emphasise the need for increased vigilance and security measures to counter the growing threat of Deepfake exploitation in the crypto industry.
Growing Threat of Deepfake in the Crypto Industry
Prominent figures within the crypto realm have become targets of Deepfake schemes, with notable victims such as Michael Saylor, the executive chairman of Microstrategy, and Brad Garlinghouse, CEO of Ripple. These individuals have found themselves unwittingly featured in videos, manipulated through Deepfake technology. These malicious creations often serve to mislead audiences, directing them towards fraudulent schemes or enticing them to engage in crypto transactions to falsified addresses. For instance, Deepfake videos portraying Saylor endorsing dubious investment opportunities or Garlinghouse advocating for fake crypto projects have circulated, exacerbating concerns about the misuse of this technology within the crypto community.
Rising Concerns in the Crypto Industry
The crypto community is witnessing an increasing misuse of Deepfake technology. As Deepfakes involves creating fake videos or audio recordings of well-known personalities to spread misinformation, campaigns exploiting this technology are on the rise in the crypto industry. The surge in Deepfake scams poses a significant threat to the credibility of crypto leaders, eroding investor trust and impacting investments. With the advancing technology, the risks associated with Deepfake videos contribute to growing cyber risks in the crypto space. Users and investors need to remain vigilant to prevent falling victim to such scams.
Visit: CoinGabbar

#VitalikButerin #cryptocurrencynews #BitcoinEFT

Ethereum's Journey Beyond Supply Burns and its EIP-1559's True Impact
Since the London upgrade in August 2021, Ethereum has been on a changing path, grabbing attention from investors, developers, and enthusiasts, particularly due to Ethereum Improvement Proposal 1559 (EIP-1559). This proposal aimed to restore the network's fee structure and introduce a burning mechanism for Ether. While many focus on the reduced supply due to this upgrade, there are more aspects to explore that go beyond just supply reductions.

EIP-1559's True Impact
EIP-1559 Reduces Ethereum's Supply
During the implementation of EIP-1559, more than 3% of the Ether supply has been burned, which is a significant change. But there's more to it than just that. EIP-1559 has brought about a whole new way of looking at and using Ethereum. It's not just about reducing the supply, it's about changing the game altogether. It has also triggered an effective transformation in Ethereum's perception and use.
Fee Predictability and User Experience
EIP-1559 aimed to simplify how transaction fees work on Ethereum, making it easier for users to understand. It introduced a base fee that changes depending on how busy the network is. This means users can predict their transaction costs better, so they're less likely to pay too much when lots of people are using Ethereum. This smoother experience encourages more people to use Ethereum apps, making them more useful for everyone.
Deflationary Pressures and Economic Dynamics
The ultrasound money meme speculated about Ethereum's potential deflationary path, but the reality has been more complex. Regardless of significant supply burns, Ethereum's issuance has exceeded burning, in part due to increased activity on Layer 2 solutions. However, the combination of supply reduction and increased adoption might lead to deflationary pressures down the line, potentially reshaping Ethereum's landscape.
Spark for Innovation and Scalability Solutions
The introduction of a burning mechanism through EIP-1559 has sparked innovation in scalability solutions, particularly in Layer 2 platforms like rollups. As Ethereum moves towards these solutions to ease network congestion and lower fees, there's been a surge in experimentation and development within the ecosystem. The upcoming Dencun upgrade, which includes EIP-4844, highlights Ethereum's dedication to improving scalability and enhancing user experience.
Balancing Economic Dynamics and Innovation
Let’s Change the Ethereum's Economic Dynamics with EIP-1559
The focus is usually on supply burns and deflationary potential, but Ethereum's progress goes beyond just these numbers. EIP-1559 is pushing Ethereum's economic model forward and driving innovation in scalability solutions. As Ethereum evolves, finding the right balance between economic stability and technological progress becomes crucial.
Target Audience and Aim
This article is for everyone interested in Ethereum, including investors, developers, and enthusiasts. It has two main goals:- first, to explain how EIP-1559 affects more than just burning supply. We'll dive into its impact on user experience, the economy, and innovation. Second, we want to encourage open discussions and smart choices within the Ethereum community. It's important to look at the big picture as Ethereum keeps changing fast.
Conclusion
EIP-1559 represents an important step in Ethereum's journey, going beyond the usual discussion of supply burns to change how users interact with the network and how its economy works. As Ethereum grows and changes, it's important to understand what EIP-1559 means for everyone involved. It's about finding the right mix of keeping the economy healthy and pushing for new ideas, so Ethereum can become stronger, more useful, and more welcoming for everyone in the decentralized world. 
#ethereum $ETH #cryptocurrencynews #CoinGabbar

Visit: CoinGabbar

Bitcoin’s Bull Run Provides Growth to Crypto Exchange
In a March 2024 report by CCData, a company specializing in digital asset data and indexes has revealed that the total volume of cryptocurrency spot and derivatives trading on centralized exchanges surged to a historic growth of $9.1 trillion. Bitcoin also achieved a record high during this period. Additionally, spot trading experienced a remarkable 108% surge, reaching $2.94 trillion for the month, marking the highest monthly figure since May 2021.

CCData Report
Binance Trading Activity Uptick: Binance, the world’s largest cryptocurrency exchange, witnessed a significant uptick in trading activity. Spot trading volume surged by 121% to $1.12 trillion, marking the highest volumes on the exchange since May 2021. Derivatives trading volumes on Binance rose by 89.7% to $2.91 trillion, also reaching their highest levels since May 2021. Binance's combined market share increased by 1.04% to 44.1% in March, attributed to speculation surrounding Bitcoin's price action.

Rise of Bitget Exchange: Bitget experienced substantial growth, with spot and derivatives volumes rising by 150% to $90.5 billion and 129% to $794 billion, respectively. Bitget became the third-largest derivatives venue by volume, overtaking Bybit with a market share of 12.8% in March. The exchange's combined spot and derivatives market share rose by 1.61% to 9.70%, securing its position as the fourth-largest exchange.Chicago Mercantile Exchange (CME) Milestones: CME achieved new milestones in March, with derivatives trading volume rising by 60.6% to $155 billion, marking a new all-time high. BTC futures saw a 65.4% increase to $123 billion in monthly volume, while ETH futures volume rose by 17.8% to $20.1 billion, the highest since November 2021. CME's influence on Bitcoin's price action continued, with open interest on BTC instruments rising by 47.1% to $11.7 billion in March, surpassing that of centralized exchange counterparts.
Reason Behind Growth in Crypto Exchange:-
As per CCData Exchange, Bitcoin Halving is one of the main reasons behind the surge in Crypto Exchange’s Spot and Derivatives Trading. As Bitcoin has reached its all-time high and has shown an Upward trend. It resulted in growth in every Altcoin and Memecoin and this has automatically sparked the growth of Crypto Exchanges.
Hence, In Conclusion, we can see that the crypto market is gaining huge popularity in the masses whether it is the USA, Russia, China, Or India. This growth in crypto exchange will have a positive impact on Crypto Market.
#CryptoExchange #CryptoMarkets #cryptocurrencynews #CoinGabbar

Visit: CoinGabbar