Square Bitcoin Revenue / Bitcoin Tax Refund / Central Bank Transfers / Bitcoin April Gains

Inside Bitcoin presented by Melissa.

Presented by Subscribe | View in browser $BTC (1:15 p.m. EST): $5,495.25 (2.04%) // 90-day high: $5,642.04 // 90-day low: $3,391.02 / / More… $BCH ABC (1:15 p.m EST): $269.43 (-0.52%) // 90-day high: $342.87// 90-day low: $111.84 // More… $ETH (1:15 p.m EST): $160.86 (0.29%) // 90-day high: $184.38 // 90-day low: $102.93 // More… $LTC (1:16 p.m EST): $73.49 (-0.23%) // 90-day high: $97.50 // 90-day low: $32.54 // More… $XRP (1:16 p.m EST): $0.30 (-0.64%) // 90-day high: $0.37 // 90-day low: $0.28 // More…       1. Square reported record revenue for bitcoin sales through its Cash app, generating $65.5 million for the first quarter of 2019. The first quarter 2019 profit showed a 26% jump in sales compared to the fourth quarter of 2018 that generated $52 million in bitcoin sales. Bitcoin revenue for Square in the first quarter was a fraction of the company's overall $656 million revenue -COIN TELEGRAPH       2. U.S. taxpayers have the option to receive their tax refunds in bitcoin. Bitpay announced a partnership with Refundo, a tax refund service, and users now have the option to receive both federal and state refunds in bitcoin. A portion or all of a customers return can be redeemed in bitcoin after supplying the necessary know-your-customer information as well as a personal bitcoin wallet address. -COIN DESK       A MESSAGE FROM BRAVADO TRADING Bitcoin Bot nets 1533% ROI on 5x leverage in the last 11 months It's estimated that trading algorithms make up over 80% of the volume in the traditional markets. That's because when developed correctly, they're extremely effective. Live trade data only, no backtest fluff. Limited to 500 spots. See the results for yourself and give it a try. 3. Throwback Thursday. The price of bitcoin rose about 30 percent in April, but some analysts attribute much of that growth to one hour on April 2. As The Daily Hodl explains, the price of bitcoin saw a large surge on April 2 that some analysts believe started because of a single user. An investor traded 500,000 tether for 122 bitcoin on HitBTC's Bitcoin-Tether market. Some large orders soon followed on other exchanges, which helped pump the coin's market cap by more than $12 billion in an hour. That type of order is not anything special except that it happened during a period of low liquidity. As a result, the investor's transaction got noticed and may have caused a snowball effect. Of course, there are other theories as well because nothing in crypto is ever straightforward.        4. The Bank of Canada and the Monetary Authority of Singapore completed cross-border payments using digital currencies. The firms completed these payments without the use of an intermediary, speeding up the transfer of funds and lowering the cost. Each firm used separate blockchains and the networks were connected by a technique called Hashed Time-Locked Contracts, which ensured the payments occurred at the right time and in order. -THE NEXT WEB       A MESSAGE FROM MELISSA Are you addressing the elephant in your business? Ignoring it can cost 10-25% of revenue. The best way to deal with the elephant that takes up residence in every business – name it and tame it! Bad data is bad for business – and it only grows bigger. Melissa can help with address and data verification APIs to keep valuable customer data clean and standardized. Address the elephant today and we'll throw in a free pair of Elephant socks! Sign up for a demo account 5. 35 million blockchain wallets have been created since August 2011, according to new research. -CRYPTO GLOBE 6. A consortium of five banks now lets you verify your identity through a blockchain-powered app. -COIN DESK 7. A whale moved $212 million of bitcoin in a single transaction and was charged just $3.93 in fees. -THE NEXT WEB 8. The London Stock Exchange CEO sees a use for blockchain in processes including issuing securities and settling trades. -CNBC 9. Fidelity stated that institutional investments in digital assets will likely increase over the next 5 years. -FIDELITY 10. Bank of America is concerned about cryptocurrency transactions and proceeded to file a patent for a risk detection system geared towards cryptocurrencies. -AMB CRYPTO       Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny. Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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