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…

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…

Payment Platform Square’s Q1 2019 Bitcoin Revenue High, Crypto Profits Low

Payment platform Square saw a new revenue high from bitcoin (BTC) sales through its Cash app, while profits from Bitcoin sales remained low, according to a letter to shareholders outlining first quarter (Q1) 2019 financial figures. In its recently published letter on earnings — which is unaudited — Square revealed that in the Q1 2019 the company’s total net revenue grew 43% year over year, amounting to $959 million, wherein bitcoin revenue was $65.5 million. Bitcoin costs for the same period reportedly amounted to $64.7 million, meaning that overall bitcoin…

US CFTC Chair Says Interest in Crypto Could Bring About More Clearinghouses

The United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo said that the “explosion in interest” in cryptocurrencies will likely lead to new applications for clearinghouses. Giancarlo delivered his comments in a speech published on May 1. In his testimony to the House of Representatives Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit in Washington, D.C., Giancarlo said: “The Commission anticipates new applications for clearinghouse registration resulting from the explosion of interest in cryptocurrencies; an area in which protection of the cryptocurrencies will be one of the…

TrustToken Launches Stablecoin Backed by Canadian Dollar

TrustToken has released its latest stablecoin, TrueCAD, on May 1, 2019. The latest in TrustToken’s line of fiat-backed stablecoins, its value is linked to the Canadian dollar. TrustToken has also created a number of other stablecoins, such as TrueUSD (U.S. dollars), TrueGBP (British pounds) and TrueAUD (Australian dollars); each of these backed at a purported 1:1 ratio with their associated fiat currencies. For now, holders can use these four stablecoins on the TrustToken app, and expect them to be listed on exchanges “over the coming weeks and months.” TrustToken further…

Crypto ATM Operator CoinFlip Postpones Tether Stablecoin Listing

Cryptocurrency automated teller machine (ATMs) operator CoinFlip has postponed support for the  stablecoin tether (USDT). The company announced the development in a tweet on May 1. CoinFlip initially revealed that it will start listing Tron-powered stablecoin USDT at over 180 CoinFlip’s ATMs on April 30. However, in about 24 hours CoinFlip posted an update, saying that it has postponed USDT listing “until a later time.” The company noted in the tweet that it will still work together with Tron to provide customers with the cash-to-tron option. Commenting on the company’s…

Crypto Markets See Mild Green, European Stocks Report Record-Breaking Calm

Wednesday, May 1 — after yesterday’s positive market momentum, most of the top twenty cryptocurrencies are seeing mild green on the day at press time, seeing typical growth of between 1 and 7%, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin (BTC) is up 0.89% on the day and is trading at $5,399 by press time, according to CoinMarketCap. After bullish price points at the start of its 7-day chart — with a break above the $5,500 on April 26 — the top cryptocurrency swiftly saw a sharp…

Tron (TRX) Blow, Tether (USDT) Reason for Reward Postponement

Tron (TRX) prices ranging Justin Sun postpones USDT rewards in light of USDT troubles Technically, Tron (TRX) is in an uptrend, but before 4 cents, bulls must clear 3.1 cents. Spurring that may be fundamentals, but with Justin Sun postponing USDT rewards, it may be a while before TRX demand rise. Tron Price Analysis Fundamentals The circus around iFinex promise to be disastrous for BitFinex—a trusted exchange laden with scandals, and Tether Limited—caught lying about reserves backing USDT. Note that this will also be consequential for company leaders who despite…

Blockchain Sports Platform Will Not Buy English Football Club With Crypto

Decentralized sports investment and funding firm SportyCo will reportedly not purchase English Championship football club Hull City AFC, the Next Web reported on May 1. Sources familiar with the matter reportedly told the Next Web that the deal price appeared to be too high when disclosed to investors supporting SportyCo’s bid. Sources reportedly said that the price was “higher than the real market valuation.” Last October, sports-focused media outlet SportsPro reported that SportyCo partnered with the Hull City Supporters Trust (HCST), an organization founded to represent fans and strengthen the…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 1

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The bull market of 2017 followed by the bust in 2018 increased the popularity of cryptocurrencies. 89% of Americans have heard of Bitcoin, up from 77% in October 2017, according to a new survey by Spencer Bogart of Blockchain Capital. Another encouraging sign is…