🗞 Daily Crypto News, May, 2nd💰

  • Square’s Bitcoin Revenue Jumped to $65.5 Million in Q1, Its Highest Ever ;
  • CoinMarketCap to Remove Exchanges From Calculations If They Don’t Provide Mandatory Data;
  • Central Banks Settle Cross-Border Payments With Blockchain for First Time ;
  • Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable ;
  • Malware Shellbot is Now Capable of Shutting Down Other Miners;
  • 📑 Daily Crypto Calendar, May, 2nd💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Square’s Bitcoin Revenue Jumped to $65.5 Million in Q1, Its Highest Ever

Payments company Square reported its first-quarter earnings today, revealing strong growth in bitcoin sales through its Cash app.


Founded by Twitter co-founder Jack Dorsey, Square reported $65.5 million in bitcoin revenue for the first quarter of 2019. Bitcoin costs, however, are listed at $64.7 million in the unaudited quarterly report, for a bitcoin profit of roughly $832,000.

Those figures top previous all-time highs for Square: The fourth quarter of 2018 saw $52.4 million in bitcoin revenue and $490,000 in profit.

🗞 CoinMarketCap to Remove Exchanges From Calculations If They Don’t Provide Mandatory Data

Crypto market cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1.


CoinMarketCap, a major source of data about all traded digital currencies, has made a series of announcements to celebrate its sixth birthday today.


As such, CMC has announced a brand new alliance called the Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”


🗞 Central Banks Settle Cross-Border Payments With Blockchain for First Time

The central banks of Canada and Singapore have concluded a trial of cross-border payments using blockchain technology and central bank digital currencies.


The Bank of Canada (BoC) and the Monetary Authority of Singapore (MAS) jointly announced Thursday that the successful trial – the first of its kind between two central banks – showed “great potential to increase efficiencies and reduce risks for cross-border payments.”


The effort saw BoC and MAS linking up their respective blockchain projects, Jasper and Ubin, which are built on two different blockchain networks: R3’s Corda and JPMorgan’s Quorum, respectively. The two networks were connected using a technique called hashed time-locked contracts and allowed direct Payment versus Payment (PvP) settlement without the use of an intermediary.

🗞 Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26.


The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1 and will go into effect in late July.


The new law has a clause which prevents discriminating against electronic records which have in some way been part of a distributed ledger:


“An electronic record may not be denied legal effect, validity, or enforceability solely because it is generated, communicated, received, or stored using distributed ledger technology.”

🗞 Malware Shellbot is Now Capable of Shutting Down Other Miners

The Shellbot cryptojacking malware has gone through an update and come out with some new capabilities, technology news website TechCrunch reported on May 1.


Per the report, these findings come from Boston-based cybersecurity firm Threat Stack. The company claims that Shellbot, which was first discovered in 2005, has received a major update.


The original Shellbot was capable of brute-forcing the credentials of SSH remote access services on Linux servers protected by weak passwords. The malware then mines privacy-focused monero (XMR). Threat Stack claims that this new-and-improved version is capable of spreading through an infected network and shutting down other miners running on the same machines.

📑 Daily Crypto Calendar, May, 2nd💰

“Coming up next from WAX: exciting info on staking, voting, guilds & more will be released this Thursday May 2nd.”

“Attention FOAM Cartographers, check out the recent Challenges on the FOAM Map. Voting ends May 2nd”

BitMart opens trades for Zebi ($ZCO) on May 2nd, 8:00 AM (EDT).

“Kambria is proud to host the presitigious INSEAD Business School (http://insead.edu/) for an interactive event…”

Vano Narimanidze, Horizen country lead of Georgia will be speaking at the International Festival of Cyber Security in Tbilisi, Georgia.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don’t do it, we are doing lower highs which mean that the DROP is not yet finished. Let’s see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.

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