Malicious WordPress plugin can secretly mine crypto

Cybercriminals are now targeting WordPress websites using malicious plugins to plant cryptojacking malware. According to a new report, the plugins are also being used to give the attackers access to the compromised server. These plugins have been increasing over the past few months, probably as a result of their success.

The report by website security company Sucuri revealed that interest in WordPress plugins by attackers has steadily risen in the past few months. These plugins always appear harmless at first glance, but they are used by the attackers as “a backdoor for the attacker to maintain access to the compromised website environment, even after the initial infection vector has been cleaned up.”

In the past, these plugins have been used for different purposes, including in August this year when Sucuri discovered that they were being used to encrypt blog content.

The blog post stated, “We recently discovered a number of compromised websites containing a plugin called “wpframework”. This plugin is being planted by bad actors to gain and maintain unauthorized access to the site environment.” The plugin contains the following information on its header:

Malicious WordPress plugin can secretly mine crypto

Once a website owner installs the plugin, it first checks to see if there are any disabled functions. It then scans for the usual, including system and passthru functions which give the attackers command execution ability on the compromised server.

Unlike most backdoors that only focus on a PHP execution, this plugin changes permissions upon downloading and runs a Linux executable binary file which the researchers identified as a cryptominer.

The report concluded, “What is especially concerning about this particular fake plugin is that it can be easily used to just run just about any code through the eval function. The good news is that monitoring for changes to the active plugins on your website and unauthorized access is a good way to mitigate risk and prevent this from happening.”

As CoinGeek recently reported, last week saw the discovery of the first cryptojacking worm known as Graboid as well as the use of WAV files to spread cryptojacking malware.

sCrypt founder Xiaohui Liu sees potential in dev protocol for BSV smart contracts

The creator of sCrypt, a high level language for creating smart contracts on BSV, has said the protocol will make it easier for developers to build on Bitcoin SV (BSV). Speaking at the recent CoinGeek Conference in Seoul, founder Xiaohui Liu unveiled the project to delegates, with a presentation demonstrating the platform in action.

sCrypt allows developers to access bitcoin functionality without recourse to Bitcoin’s native programming language. According to Xiaohui Liu, Bitcoin’s native language has been a barrier to development, including on BSV, due to its complexity, which makes it difficult for even experienced coders to build.

In an interview with CoinGeek’s Stephanie Tower, Xiaohui Liu said the difficulty of understanding and utilizing Bitcoin’s programming language had meant fewer innovations and developments reaching users. With sCrypt, Liu said his aim is to encourage developers to build custom BSV smart contracts with greater ease, which he expects will contribute positively to the BSV community.

The response from developers has already been positive, with Liu describing initial feedback as “positive.” This was confirmed by developers at the CoinGeek Seoul Conference, who welcomed the project as an easier way of accessing BSV smart contract functionality.

Liu said Bitcoin was designed to be more than just a tool for the transfer of money. But with its native language “not easy” to understand or implement, many of the possible applications of the technology have yet to be successfully developed.

Liu said his aim was to help realize this original vision of bitcoin, as expressed in the Satoshi whitepaper, which would allow easier access to more advanced transaction and contract types for developers.

Developers can access sCrypt online, without the need for download, thanks to the in-browser coding interface at scrypt.studio. This allows developers to program and test online on the fly, for more responsive development in a dynamic environment. With a graphical interface and SDK development underway, Liu said he expects the platform to make it substantially easier for developers to build on BSV.

His presentation was one of a number of new developments showcased at the CoinGeek Conference in Seoul, where developers gathered to learn about the latest innovations in BSV.

Craig Wright pushes Bitcoin for enterprise in Tokyo

Bitcoin should be a commodity and “just plumbing,” but it’s also “the best auditing technology in the world.” That was Dr. Craig Wright’s message to a gathering of businesspeople in Tokyo, some of whom were only just starting to learn about blockchain.

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Wright was speaking at the Bitcoin Association’s inaugural “BSV: Bitcoin for Business” program. The pilot event was aimed at delivering information on Bitcoin SV to those “not of blockchain,” i.e. businesspeople whose operations could benefit from bitcoin and associated technologies, but who are not familiar with or don’t understand it yet.

Joined by Jerry Chan of the Bitcoin Association, Wright gave a brief history of Bitcoin’s creation. Previous inventions like Digicash and eGold were great ideas, he said, but ones that ultimately failed due to large-scale criminal activity on their networks.

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Audit trails can eliminate corruption

He described his history at previous employer BDO, an auditing and assurance firm. The experience was educational—”Transparency is a huge problem and nearly every organization has some level of fraud,” he said. Fraud and corruption represented “some of the worst things on the planet,” behavior that impacted stock price and contributed to human misery in crime and poverty worldwide.

Contrary to popular belief, Bitcoin wasn’t created as an answer to the late 00s’ global financial crisis, nor was it intended to replace banks and governments. Instead, Wright said, it aims to make those institutions more transparent and fair.

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The average CDS (credit default swap) had millions of entries no-one could trace. Imagine a world where, even if you had a billion inputs, you could track them all. That’s a different world.

Within the context of offering business advice to attendees, Wright took aim at some favorite targets: exchanges like Binance, cypherpunks, and the thousands of other blockchain projects that exist today, particularly those offering utility tokens as tradable assets.

“You know what a utility token is? It’s a bus ticket, a cinema ticket,” he said. Their value shouldn’t be subject to gamblers’ speculation and it was useless to have a world where users needed to be constantly exchanging their tokens.

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We might as well go back to a barter system.

Bitcoin basics and incentives

Wright also explained how the Bitcoin network works and its key uses, with miners as incentivized rule enforcers, and the introduction of ASICs ridding the network of botnets.

In response to an audience question about how Bitcoin could replace existing national currencies, Wright said it wasn’t intended to. Bitcoin is a micropayments network with the potential for billion transactions per second; a different kind of internet. It allows privacy in transactions, something he described as the polar opposite of anonymity.

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With privacy, those involved in transactions still know who they’re dealing with. With total anonymity, no one knows anything about the other party and trust disappears.

He referred several times to electronic data interchange, or EDI—a company like Walmart could do trillions of transactions with EDI on blockchain, something “that would demolish their costs.”

Another question concerned Wright and nChain’s multiple patent applications, and whether this was compatible with Bitcoin’s vision of an open economy. He noted that even cypherpunk-affiliated developers like Hal Finney held patents on their inventions, and that they represented a guard against misuse of the technology.

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Message for Japan

The Japanese business environment is sophisticated and highly regulated. One big hurdle Bitcoin SV faces here is that it is not yet “whitelisted” by Japan’s financial regulator, the Financial Services Agency (FSA). This means it isn’t currently possible to buy or sell BSV on any of Japan’s legal exchanges.

Local advocates have begun to lobby for whitelisting, and events such as the “BSV: Bitcoin for Business” programs are intended to educate by highlighting BSV‘s law-friendly and responsible face.

Ken Shishido, representing the Japan Metanet Society, asked what Bitcoin could offer for Japanese business specifically.

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Wright replied that in the 1980s and 90s, Japan “was everything,” but had been let down by its banks and their lack of transparency.

“Japanese companies like Toyota and Sony have changed the world,” he said, and Japanese culture has always embraced new technology.

Japan can now embrace this technology and fulfill the promise of the 1980s.

Judging by the questions asked and the number of curious newcomers who approached Wright with more detailed questions after the event concluded, the message was well received.

“I was elated to see the turnout of industry professionals coming out hear Dr. Wright’s message,” stated Jerry Chan the Bitcoin Association Regional Manager of Japan & South Korea. “I felt their enthusiasm about Bitcoin’s original vision and use case, which really gave me renewed confidence that the industry is slowly maturing to be business and regulatory compatible. Also just to see Craig here in Japan, the creator of Bitcoin, as part of a ‘Satoshi’s return’ to the spiritual birthplace of Bitcoin and the entire cryptocurrency industry as a whole, was special. I was proud to be there and part of it.”

The Bitcoin Association now plans to make its “BSV: Bitcoin for Business” program a regular series, both in Japan and other locations around the world. Its message of improving business and government, rather than seeking to destroy institutions, is a positive one and far more likely to gain traction.

Alex Fauvel talks identity management at CoinGeek Seoul

Identity management is a key issue in the blockchain world, central to a number of real-world applications of the technology.

Alex Fauvel, general partner at TwoHop Ventures, took time out at the recent CoinGeek Conference in Seoul to address issues of identity management, and to discuss his plans for an on-chain solution that allows more effective, secure management of individual identity.

Fauvel said that one of the fundamental problems with blockchain at the moment is that owning a digital asset is in practice, not legally possible. This is because digital assets are effectively just data that can be copied, pasted, and passed on to anyone.

To ensure that assets can’t just be given away freely, ownership needs to be tied to a more permanent record of identity. While there have been a number of attempts to date to build this type of model, they fall down because identity is not being recorded on chain.

This means these services are relying on company servers to authenticate identity, creating a single point of failure—if a company goes bankrupt, for example, identity is lost.

Fauvel said that the solution was on-chain identity that survives any single point of failure, by recording unique identity information on the blockchain and tying this data to asset ownership.

Naturally, any data written to the blockchain can be publicly accessed, raising security concerns for those building and relying on this type of system. The solution, according to Fauvel, is to encrypt the data, as well as identity, and to hide sensitive encrypted data within other encrypted data on the chain.

He said this provides a foundation model for recording identity data securely on-chain by ensuring attackers don’t even know where to look to find the data they need to unencrypt to carry out an attack.

Billed as a general solution to secure data storage and identity management on the blockchain, Fauvel said there were a number of applications where verifiable identity was essential, such as managing title deeds on the blockchain and blockchain voting.

nChain’s Jack Davies tackles challenges of blockchain payments at Future of Money and Digital Payments

How can businesses maximize the opportunities in this changing financial landscape? That is one of the questions that will be discussed at the upcoming Future of Money and Digital Payments event in London on November 7.

The event, which is gearing up to be one of the most informative gathering related to digital payments, is hosted by Acuity Law and will include some prominent speakers with significant experience in the digital asset world: Principal speaker Nigel Dean of My PinPad will address future payment systems and payment services regulation, while Paul Harwood of Wallet Systems will discuss privacy and the challenges involved in ensuring that proper identity is established in a digital economy.

Another member of the panel that will provide a great deal of insight on digital payments is Jack Davies of nChain. Davies is a research and development scientist in blockchain technology at nChain, and has written several articles about the use of blockchain technology, and how it will play a significant role within the digital payment systems. In fact, Davies is considered one of the leading experts when it comes to Bitcoin SV (BSV).

Most of his recent work has been focused on technologies built using Bitcoin, and Davies has been looking to add utility and increase on-chain transaction volume and has been a leading developer in the Metanet project. At The Future of Money and Digital Payments, Davies will discuss the challenges presented by new blockchain payment systems—and whether BSV, Ethereum 2.0 and other cryptos can scale up to financial services.

The event will tackle the ongoing revolution in the financial industry, and how the sector is working to change how money transfers are handled. There will be a detailed discussion on digital platforms and how updated regulations are creating a number of great opportunities for new entrants to get into the market, offering them the opportunity to challenge those who have been the established authorities.

It is expected that these changes will have a dramatic impact on the banking industry and payment services, as electronic money and digital currencies are becoming increasingly popular. Those who are informed about these kinds of assets will have a clear advantage over others, as the financial markets seem to be moving towards these crypto assets.

Register to attend The Future of Money and Digital Payments, hosted by Acuity Law, at Home House in London on November 7.

Jimmy Nguyen returns to his law roots at IADC event in Switzerland

Jimmy Nguyen, one of the foremost authorities on Bitcoin SV (BSV), is the founding president of the Bitcoin Association. This week, however, Nguyen is returning to his law roots as he takes part in the upcoming International Association of Defense Counsel’s International Corporate Counsel College event. 

This event will be held near Zurich, Switzerland, and brings together the in-house counsel for law firms, looking to educate and give them the opportunity to ask questions related to issues affecting global companies.

The two-day event will occur on October 24-25, with Nguyen set to be the keynote speaker on the 24th. He will also be part of a panel discussion the following day. The panel, “Smart Contracts: Everything You Wanted to Know, but Never Dared to Ask,” will take a close examination of the various uses and applications for blockchain technology. The specific focus will be on how this technology is becoming increasingly important to companies and how that will affect the legal counsel’s office.

The moderator of the panel will be Ianika Tzankova of Tzankova Legal Consulting and Tilburg University, in Tilburg, Netherlands. Other presenters will include Flaco Kreis of CMS Hasche Sigle in Munich and Gabriela Lippe-Hoist, the co-founder and director of Acqupart Holding AG.

Nguyen, a former digital technology lawyer since the 1990s, said in a statement related to his appearance at IADC:

Blockchain and smart contracts are game-changing for the legal profession, as well as businesses in all industries. I’m excited to bring what I’ve learned in my two decades of legal experience as a partner at major U.S. law firms, along with my current work in blockchain and cryptocurrency, to this gathering of top corporate lawyers in Europe. This event also gives me the opportunity to further explain how BSV is creating a regulation-friendly ecosystem, unlike so many other cryptocurrency camps, a message which will be supported by major enterprises and their corporate lawyers.

The IADC is an event hosted by the International Corporate Counsel College. This conference is proposed as an opportunity to bring together the “in-house counsel and their advisors to gain knowledge together and spend time with others who face similar issues.”

Find out more about the IADC event here.

Pumpkin Lady Lazar still talking about Craig Wright, joins Twetch

If you thought the Pumpkin Lady, Angelina Lazar, was done with Bitcoin SV (BSV), then you’ve got another thing coming. Since finding some measure of fame with the BSV community, Lazar has kept up her interactions with those still in the frenzy of Pumpkin mania, even so far as to trying out BSV herself.

Following our reporting on the contentious exchange between Dr. Craig Wright and Lazar, she continued to tweet about the man and pumpkins for several days, before finally volunteering to join Twetch on October 20 to put the matter to bed.

After receiving some help and free BSV from the community to get started, Lazar got a rockstar welcome from Twetch users, racking up 44 likes and 44 comments on her first post, and quickly gaining 30 followers:

Her Twetch profile describes her entry into the world of BSV as “all about depumpkinizing the pumpkin patch n’ I gotta’ come to the patch to do so. ¬ BTC-mania! Let’s rumble! xo¬A.” Regardless of that effort, she’s using Twetch to post about the latest goings-on in the Bitcoin world, noting about the recent BTC vs BSV debate hosted by Hotep Jesus, “BTC vs BSV (Debate 1), BTC lost. We need a 2nd Debate. And need to keep track of who wins each & every debate.”

That doesn’t mean that she’s come to love BSV and Craig Wright just yet. She’s challenged Wright numerous times to another duel, hoping she can best him this time.

For their part, the BSV crowd have embraced Lazar, perhaps hoping to win her over with the easy usability of BSV. One user tweeted at her, “Believe me there’s no hard feelings, most of us are all in good spirits just excited about the innovation.” And while others have kept up the jabs, she’s taken them in stride, telling them when they “get a pass” for whatever joke they were making.

As one eagle eye user noted though, now that Lazar is on Twetch, there could be a business model for her continued opposition to Dr. Craig Wright.

Poloniex splitting from Circle, ending service for US customers

Americans are about to lose one of their cryptocurrency options, as Poloniex is exiting the market. Circle have announced the exchange is “spinning out” of their portfolio, to be run by a new company.

The Circle Twitter account broke the news on October 18, providing details of the massive change:

While Circle emphasized the $100 million investment from an Asian group, users quickly noticed the exchange would be winding down for Americans in the fourth post of their Twitter thread. U.S. trading will cease on November 1, 2019, and withdrawals will end on December 15, 2019.

In an accompanying blog post written by Circle co-founders Sean Neville and Jeremy Allaire, Circle noted they would be making trading free between October 21, 2019 and the end of the year.

The good news, they wrote, was that this would allow Poloniex to have “the freedom and capital to compete in the international market, and the leadership team of Poloniex will be equipped to scale and grow beyond the scope of what Circle can provide.”

They also noted that Circle made the decision to spin out Poloniex to focus on “mainstream use cases for payments, investment, lending and fundraising.” That includes a renewed focus on their crowdfunding platform SeedInvest, and generally to focus on “a world with an open financial system.”

Eagle-eyed American Bitcoin SV (BSV) community members quickly noted that this marks the loss of another exchange on which they can trade for BSV; but others like noted community member WallStreet5 quickly suggested alternatives.

Poloniex was in the Circle family of products for less than two years. Circle initially purchased the exchange in February, 2018, paying $400 million for the exchange and promising it would “represent everything of value.”

They’ve since maintained an impartial stance in the cryptocurrency space, notably not taking sides during the contentious 2018 hard fork which saw BSV reborn to continue the original vision of Satoshi Nakamoto. They’ve also tried to do right by their users each step of the way, cancelling out trading fees in August to pay back lost BTC from their May flash crash.

Immortalize your voice on BSV: Bitok.Live review

Bitcoin SV’s massive scalability and extremely low-cost transactions have enabled developers to create the coolest applications, targeting virtually every field. One of these is Bitok.Live, an application that allows you to immortalize your voice. Sounds cool? Well, that’s because it is.

Bitok.Live allows you to easily record your voice and then store the recording on the BSV blockchain. To do this, you simply visit Bitok.Live and hit record. The site is quite easy to navigate, with the record button being clearly displayed at the top. Once you record the voice, you get to name the recording and post it to the BSV blockchain.

Publishing your recording costs you 0.0008 BSV, equivalent to less than 8 cents. This is enabled by BSV’s low fees which facilitate such microtransactions. As with many other BSV applications, Bitok.Live is connected to Money Button. The transaction fee is thus charged to your Money Button account. For those without an account, there is a link for you to sign up to the leading BSV wallet.

In those few steps, your voice is immortalized and will be available forever on the BSV blockchain.

The platform allows you to view all the voice recordings that are posted in real time. And the BSV community is taking advantage of this opportunity, posting all manner of recordings on the platforms. You’ll find voice recordings of people hailing Dr. Craig Wright for this revolutionary technology, other laughing heartily, as others play musical instruments. And why not? After all, it only costs $0.008 to ensure your voice becomes immortal.

Bitok.Live is powered by Bico.Media, a platform that allows content creators to quickly and easily write files on to the BSV blockchain. Bico.Media is quite diverse and allows you to upload all forms of media, from images to word documents. Bitok.Live, on the other hand, is limited to voice recordings.

The platform is one of the many BSV applications that are built on the ‘Earn and Spend’ model of the BSV ecosystem. Once you upload your voice recording, you can earn from other BSV users through the tipping system.

While Bitok.Live is limited to voice recordings only, it offers you a great way to interact with the BSV blockchain, make micropayments and earn in BSV for your content.

Best Bitcoin podcasts 2019 to help you dive deeper into blockchain and crypto

In an era where people want to get information on the go, podcasts have become very popular. They allow you to become informed and entertained whether you are in traffic on your way home, relaxing after a long day or taking your morning jog. In the crypto community, plenty of podcasts have sprung up in recent years which keep us in the know on what’s happening in the fast-moving industry. However, for every great podcast, there are several others whose content is below par. Thus, landing your hands on the best crypto podcasts is crucial and we are here to help with that.

Here are some of the best Bitcoin podcasts 2019:

CoinGeek Conversations

Easily one of the best podcasts in the Bitcoin industry, CoinGeek Conversations dives into all the developments taking place in the ecosystem, breaking them down to give you a good grasp of where the industry is headed. CoinGeek’s Charles Miller sits down with some of the most important people in the industry, from innovators to investors and discusses the technology, the challenges and the way forward for the industry.

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CoinGeek Conversations is the only podcast that interacts every so often with the creator of Bitcoin, Dr. Craig S. Wright. You can catch the weekly podcast on all the popular podcast platforms including Apple Podcasts, Overcast, Spotify, iHeart Radio and Castbox.

Unchained

The Unchained Podcast has established itself as a top destination for anyone who wants the inside scoop on crypto. The podcast is hosted by Laura Shin, a senior contributor for Forbes and a respected voice in the crypto community. Shin manages to find the balance between technical topics for those who’ve been in crypto for a long time and lighter topics for the newbies.

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Shin also hosts the Unconfirmed Podcast, a similar podcast to Unchained but which deals with issues from a more general point. It’s just as good and is quickly gathering a huge following.

The Tokenomics Podcast

With the number of cryptocurrency projects being in the thousands, you need a podcast that can help you make sense of it all, understand what projects are worth investing in and avoid fraudulent projects. The Tokenomics Podcast does this perfectly. The podcast is hosted by Jack Laskey and Zach Resnick from Unbounded Capital and dives deep into crypto investment, informing you of all the emerging trends, the unique opportunities and the market movements. The show focuses on the tokenomic structure of these new distributed business models. It’s especially attractive to crypto newbies as it breaks down complex topics into simple and easy-to-understand facets.

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The Bitcoin Podcast Network

Being one of the oldest crypto podcasts, The Bitcoin Podcast has the largest catalogue on this list. Unlike the others which are hosted by one individual, the network has a number of podcasts and other media related to crypto. The podcasts include Just the Headers, Hashing it Out, A Dose of Ether and Announcements. The hosts are from diverse fields including mathematics, software engineering, cryptography, journalism and computer science.

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CryptoKnights

Founded by Dallas-based venture capitalist Kanth Miriyala, the CryptoKnights podcast is one of a few shows that cater to both the crypto enthusiasts and the innovators. Whether you just want to understand blockchain technology or are interested in launching your own crypto startup, this is the podcast for you. Miriyala, with his team of five co-hosts, discusses both the tech and business side of the industry and keeps you informed on the latest market trends. And while many shows dwell on events in major markets such as the U.S and Japan only, CryptoKnights explores crypto trends globally including in regions where cryptos are still trying to gain a foothold.

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Coin Mastery

Are you interested in learning about the news making headlines in the industry, how they affect the industry and what the future holds? Then this is the podcast for you. Coin Mastery is a popular podcast hosted by Carter Thomas that delves into all things crypto, from the price swings, to investment strategies and more. The podcast does sometimes dwell too much on the price movements at the expense of the tech advancements which might not appeal to some, but for the traders, this is the place to be.

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Bitstocks Podcast

There aren’t many podcasts that dissect the industry as well as the Bitstocks Podcast does. The podcast is a media channel of Bitstocks, London’s first crypto market advisory firm. This podcast goes beyond the shallow topics and discusses the real vision of Bitcoin, how blockchain technology is transforming diverse industries and more.

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The podcast also has probably one of the best roster of guests in the industry. Some of the previous guests include Bitcoin creator Dr. Craig Wright, Bitcoin entrepreneur Calvin Ayre, the Founding President of the Bitcoin Association Jimmy Nguyen, nChain CTO Steve Shadders and more.

The Bad Crypto Podcast

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An ironic name for one of the best crypto podcasts. The Bad Crypto Podcast is quite compelling, especially since the hosts, Travis Wright and Joel Comm, approach the industry from a light-hearted point of view. The two hosts aren’t crypto experts and thus, they are more relatable, especially for nascent crypto enthusiasts.

The podcast doesn’t limit its topics range and therefore you’ll find discussions on how to make money from crypto, how Trump is affecting the industry, how the global economy could collapse and anything in between. As a bonus, the two hosts are some of the most hilarious people you’ll ever listen to.

The Bitcoin Knowledge Podcast

best-bitcoin-podcasts-2019-to-help-you-dive-deeper-into-blockchain-and-crypto_biycoin knowledgeWrapping up the list is The Bitcoin Knowledge podcast, a show hosted by Trace Meyer, an investor, journalist and monetary scientist. The podcast attracts some big names in the industry who discuss the trends in the industry and what the future holds. Unlike some other shows on this list, Meyer’s podcast doesn’t dwell on the news or price analysis, choosing to instead focus on the bigger picture and how blockchain integration is impacting the world.

What’s your favorite Bitcoin podcast? Let us know in the comments section.

New IBM blockchain tie-up targets seafood protection

Tech giant IBM has partnered with Raw Seafoods Inc to create a platform that will monitor the seafood supply chain. The initial product that will be monitored will be scallops, and it is hoped that this partnership will improve the transparency of where scallops originated, plus provide a secure, sustainable record related to the supply chain.

Initially, IBM will work with a fleet of scallop boats off the coast of Massachusetts. These boats will share data related to their catches, enabling those involved in the supply chain to be able to know where and when the catch was made.

In a statement, IBM explained that the “platform will also track when the boat landed portside, and when each scallop lot was hand graded, selected, packed and shipped to its final destination.” The data, along with images and video, will be uploaded via staellite.

This technology will address a number of problems related to this industry. According to U.S. Department of Agriculture data, at least 80% of Americans eat far less than the recommended amount of seafood they are to consume each week. This has become a growing problem which is partially attributed to the widespread fraud and mislabeling of seafoods that are sold to consumers.

By storing this data using the blockchain, those at the end of the supply chain will be able to prove the source of where the goods originated. Daniel McQuade, the VP in charge of marketing for Raw Seafoods, explained, “We are always actively engaged in helping our suppliers, retailers and restaurants deliver a product that’s well above the industry standard for quality and freshness. With IBM Food Trust, we found the perfect tool for establishing a direct link between the consumer and the captain of the boat that caught their fish, empowering shoppers and diners to demand more from their food supply chain.”

In August, IBM partnered with Chainyard to launch a new supply chain platform that would create a sort of digital platform authenticating goods within the supply chain. In addition, IBM has created platforms using blockchain technology to monitor supply chains for Nestle, Walmart, Lenovo, and others.

SiGMA 2019 shines spotlight on AI, blockchain

It is a little over a month until SiGMA 2019 event kicks off in Malta, but the event already promises to be one that should provide an impressive assortment of speakers and presenters on the latest innovations. This is especially true in artificial intelligence (AI) and blockchain technology, where eight different presentations are scheduled during the three-day event.

SiGMA 2019 kicks off on November 27, and AI and Blockchain will highlight the first day. Jimmy Nguyen will get things started by providing his insights on how Bitcoin SV (BSV) has made the iGaming sector a focus for the upcoming year. Nguyen is the Founding President of the Bitcoin Association, and will address how BSV could very well become the leading digital currency for iGaming.

The first three presentations will all be based around BSV, which will include a 25-minute discussion on how it could very well replace such digital wallets as PayPal.

Discussions of blockchain technology will be showcased during this event. That starts at 14:55, with a discussion on how this technology is growing within the industry, and what that will exactly mean for iGaming. Also part of the discussion will be how tokenized assets will be implemented by operators to reduce costs and streamline gaming.

The final three presentations should be fascinating. The first will look at how blockchain applications are already being heavily used within iGaming and how there is a need to use this technology to a higher degree.

That will be followed by a discussion on the advancements in this technology in relation to esports. With esports growing in popularity across the globe, the need for improved technology to handle the large number of players, tournaments, and other competitions is creating a need for a more efficient and secure system. This will be addressed during this presentation.

Finally, Nguyen will be joined by Dr. Craig Wright as they discuss the future of blockchain and how it relates to iGaming. This will be an informal discussion, which will not only allow participants to receive valuable information but will also allow them to ask questions and interact with two of the leading minds in Bitcoin.

As blockchain continues to become a technology that is dominating the Internet, this presentation should be one that few other sectors can match in terms of importance. Register for the event now and make sure you don’t miss out.