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March 17, 2021
Comments Off on WhatsApp’s prime alternative, Signal now accepts Donations Via Crypto Coins
Good news for Signal users. Now, you can donate directly to the developers via cryptocurrency. With the massive outbreak of crypto coins, many donation platforms started accepting them. And recently, Signal revealed that they are also accepting donations via cryptocurrencies. They are doing so through collaborating with the Giving Block. It provides crypto solutions for non-profit organizations for easier donations.
Signal recently posted about this on Monday. They stated that will now accept crypto donations via the Giving Block. A non-profit group runs the private messaging app Signal. Brian Acton and Moxie Marlinspike founded it in 2018. Accepting such donations will benefit the company. It will also help the foundation. They also stated that “being a non-profit entity they solely depend on donations. And through crypto, you can send-in donations without HODLing your intent to donate.”
More about Signal
Signal made the news as a non-profit counterpart of Whatsapp. It is an end-to-end encrypted 
messaging app that works on all platforms. Brain Acton incubated it in 2018. After he left Facebook & Whatsapp in 2017, to work on Signal.
messaging app that works on all platforms. Brain Acton incubated it in 2018. After he left Facebook & Whatsapp in 2017, to work on Signal.How is signal accepting Donations?
If you want to donate to Signal directly via cryptocurrency. You can check its official website, where you will see a separate section for “Donate.” Through the Giving block, Signal can now receive donations in major cryptocurrencies. Now people can support Signal with 10 different coins. Some members were unsure about accepting such donations. As there were certain concerns regarding crypto integration in January. Marlin was also seen invested into a crypto start-up which went on to raise Series A funding in December.
Supporting Coins
Donations to signal can now happen via various cryptocurrencies. Coins like bitcoin (BTC), Ether (ETH), LiteCoin (LTC), Gemini Dollar (GUSD). Coins like Basic Attention Token (BAT), Zcash (ZEC), ChainLink (LINK) are also supported. That’s not all Signal also revealed something very interesting.
Now 
through the Giving Block, people can easily donate anonymously as well. Which makes it pretty convenient for people who don’t want any attention. You can just go to the donate section and choose the option through which you would like to donate.
through the Giving Block, people can easily donate anonymously as well. Which makes it pretty convenient for people who don’t want any attention. You can just go to the donate section and choose the option through which you would like to donate. Signal also did experiments with the Binance-backed Platform MobileCoin that works on stellar. People were positive about this because of a very big reason. Marlinspike also serves as an advisor at MobileCoin.
Are crypto Payments coming soon?
After a tie-up with some crypto platforms. The signal might move ahead with providing a crypto payment solution. Reports say Signal is working to develop crypto payments into their messaging app. There are also rumors that the pilot test-run on MobileCoin can also relate to Signal.
Speculations are, this test run can subsequently work for Signal’s payment integration. If that is true Signal might be the first private messaging app to do so. It will become the only message app to offer crypto payment services. All of this is just speculation. People are looking forward to an official decision.
March 16, 2021
Comments Off on BitMEX’s founder facing money laundering charges surrenders!
Recently the crypto giant BitMEX’s founder surrendered to the US officials. As per reposts, he has charges of crossing money laundering laws against him. Benjamin Delo who also founded BitMex in 2014 is a leading entrepreneur. He was also under custody for a malicious money laundering claim. But recently news surfaced on Monday that he applied for a $20 million bail bond. This happened after he pled not guilty during a remote proceeding.
Personal History
Benjamin was facing serious allegations of money laundering while residing in Britain. He also graduated from Oxford in computer science. And has closely worked with Chase & JPMorgan where 
he created trading platforms. After which Delo founded the dethroned Crypto mammoth BitMex. Along with Samael Reed and Arthur Hayes he founded the exchange back in 2015. After which all three of them are facing serious legal allegations.
he created trading platforms. After which Delo founded the dethroned Crypto mammoth BitMex. Along with Samael Reed and Arthur Hayes he founded the exchange back in 2015. After which all three of them are facing serious legal allegations.What was the crime?
Back in October, all the founders of BitMex faced serious allegations. They received a notice stating, they broke the law by ignoring the prerequisites. Before this BitMex launched its very own futures and options trading platform. Whereas, the officials also reacted to this. They said BitMex did not register with the CFTC. As any exchange offering future trading options have to register with CFTC.
The officials stated that BitMex allowed users to deposit bitcoin without registration. They also allowed commodity trading without verifying the whereabouts of the initiator. Due to this, this falls under the Anti-money laundering law. BitMex broke this. They also questioned why BitMex allowed deposits without any KYC verifications.
When was this Proceeding?
On Monday, Mar 15th, Delo came to New York from the UK to negotiate with the federal agency. He negotiated the surrender agreement with the FBI and other officials. He was directly handled by Sarah L Cave who is a US magistrate.
What about the Others?
Besides Delo, both of his partners along with a senior executive are facing similar charges. The CTO of the 
company Samuel Reed got arrested in OCT’20 in Massachusetts. DOJ and CFTC first caught him. Soon after this he also received bail.
company Samuel Reed got arrested in OCT’20 in Massachusetts. DOJ and CFTC first caught him. Soon after this he also received bail.BitMex Opinion
Rache Miller who is also the representative of Delo has an interview recently. He claims that the authorities don’t have anything against his client. He further mentions that Delo will want to defend against all such charges. All other partners are also under strict watch.
The Federal Bureau also charged all the founders with equal charges. Claiming that they have practiced maliciously against the Federal Standards. The core reason behind all this was future trading. The company couldn’t register with the CFTC. Therefore, it is currently facing many legal matters.
March 15, 2021
Comments Off on Saudi Aramco invested heavily into blockchain platform to increase its efficiency
Recently, we saw a massive surge in companies investing in cryptocurrency. Similar to Tesla and Grayscale Aramco has plans to join that list. Aramco has already invested a good amount of money in different crypto-based platforms. In a recent interview, the company officials revealed something very interesting. With this, it is set to become one of the largest energy manufacturers working with digital aid.
The company is looking to use advanced digital technology. This will provide more efficiency and better sustainability. That’s not all. Aramco is also utilizing high-tech innovations, thereby streamlining the business processes. This move is also said to reduce their maintenance cost.
About Aramco
Aramco is one of the highest valued brands in the middle east with over 37.5 billion in valuation. Even after the massive pandemic crisis in the energy sector. Aramco was able to retain its value, where the brand value of Aramco fell by 20%.
How much did Aramco Invest?
Aramco is a Saudi-based oil producer and trader. As per reports, Aramco invested $5 Million in VAKT which is a blockchain-based platform. In addition, Aramco has also stated it will use VAKT for 
trading purposes. With this Aramco has laid a path to introduce blockchain in the Oil and Gas market. Also, VAKT announced that it will use this financial aid for the betterment of its technology.
They are also working with major business persons. This will allow them to understand and enhance this technology. Recently, with IBM on their side, Aramco publicized its platform based on Blockchain. This will allow them to target markets for blockchain solutions. With this investment, they are also planning to enter the Asian market.
What is the Motive of Aramco?
Data Gumbo is another venture with an investment from Aramco. It also works similarly. Therefore, it’s clear that Aramco is trying its best to remove paper-based verification.
In addition, 
they are also planning to enter the Asian market. This technology can do wonders for traditional traders. As it adds more value to their workings. VAKT can make data validation and processing completely digital. This eradicates the need for manual verification which was very time taking.
With Aramco, onboard VAKT now has 13 major investors under its belt. This includes many big companies like Chevron, Shell, Reliance., Total, Koch, etc.
How is Aramco Using Blockchain?
Aramco is one of the few companies using the Blockchain deployment kit. This allows the company to utilize technology-based revolutions much quicker in their work. It was also in Forbe’s top-50 companies using blockchain. Aramco was the only company from the middle east to make that list.
The company uses blockchain to analyze and validate certificates presented by workers, & contractors. Previously, it took them days to verify the same information. However, the latest blockchain verifier will help the company to create and maintain a more streamlined approach. What’s more? This innovation reduced their time to verify by 90%.
March 13, 2021
Comments Off on How to write data to a blockchain
Blockchain is arguably the most futuristic technology which is growing very rapidly day-by-day. This technology developed alongside the creation of bitcoin, which is a decentralized currency. Although many people associate blockchain with bitcoin, both are of completely different characteristics.
Blockchain is a record-maintaining platform. It records all the transactions directed towards it. Whereas bitcoin is a cryptocurrency that has its value. Blockchain on the other hand is opensource and any developer can use it to build anything he wants to. Before diving into the topic of how blockchain maintains so many records. And how to write data on it. You have to understand the basic analogy of cryptography.
What is Cryptography?
The ‘Crypto’ from cryptography means ‘hidden secret’ in Greek. Whereas ‘Graphy’ means to study. Putting them together cryptography is a study of secure data transmission. It is very useful in cases 
when messages transmit without public knowledge. So, that people cannot read sensitive information. It works on certain pre-decided protocols that can decipher the messages.
when messages transmit without public knowledge. So, that people cannot read sensitive information. It works on certain pre-decided protocols that can decipher the messages.What is a Block-Chain?
It is important to understand Cryptography first before diving into the blockchain. In this technology, multiple blocks interlink with the help of cryptography. Where each block has its predecessor’s hash, data, and timestamp. Most companies use it as a ledger to maintain full-proof records. Because you cannot reverse the transaction once recorded on a Blockchain.
Hashing
It is the conversion of unified data into unique combinations. When you transact via blockchain and the verification of that transaction is complete. Then that data is treated using a hashing algorithm. Where the data converts into unique numbers and letters so that the system can add that detail to the block. Hashes are very peculiar in terms of blockchain because it only works one way. Although the combination of similar data will create the same hash every time. Reversal of hash is almost impossible. Because even a slight change in data will change the unique hash number.
How is data written to a blockchain?
Blockchain has a decentralized database. Due to which data never accommodates in a single place. Its distribution is to all the systems available in the network known as nodes. Were, each device or node stores 
blockchain data in the form of a copy. Let’s see an example to understand that:
blockchain data in the form of a copy. Let’s see an example to understand that:Taking 2 parties into consideration, one is Alex, & the other is Stella.
Let’s suppose Alex is sending a payment to Stella. For that, he will use his private key along with Stella’s blockchain address. When he transacts, there is an allocation made to a block. This block is then verified by multiple algorithms on the network.
Once the block validates, it is then added to the blockchain. After which Stella will receive her payment. Then data with details of this transaction will be present on that block forever.
Is storing data on a Blockchain costly?
The data which you can store on a blockchain is very limited. Most of the chains do not allow more than few kilobytes. Storing data across blockchain is also very expensive. Because you not only pay the base price of storing data, but there are also charges as per the size of data you store. The fees for Fast smart contracts are even higher.