Blockchain Bites: Square's Revenue Surge, Eth 2's Final Testnet, c-Lightning's Latest Update

You're reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they're significant.

Announcing Tuesday, the San Francisco payments company said revenue made from selling bitcoin to Cash App customers during the second quarter came to a total of $875 million - up 600% year on year.

While bitcoin made up only 5% of Square's revenue at $34 million in Q1 2018, it came to $65.5 million in the same quarter in 2019.

The lawmakers, chairmen of the Congressional Blockchain Caucus, said staking rewards resemble both rental income and interest payments.

Blockchain Breached?Hackers are reportedly selling the personal data of more than a million Russians who voted electronically, using blockchain technology, during the recent constitutional amendment process.

The online voting system, based on Bitfury's open-source Exonum blockchain and built with the help of Kaspersky Lab, was previously reported to have poor data protection.

Dubbed "Rat Poison Squared on Steroids," referencing Warren Buffett's denouncement of Bitcoin, the update has added multi-part payments, an easier way to plug in crime-sleuthing watchtowers and also laid the groundwork for a tracking tool that could make filing taxes easier.

Medalla is the final testnet before the launch of the Eth 2.0 network, which is tentatively expected by year's end.

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