Germany Proposes Launching State-Run Electronic Register for Blockchain Sector

Germany’s justice and finance ministries have proposed to launch a state-run register to boost the use of blockchain, Reuters reports on Friday, March 8. According to the Reuters, the seven-page initial guidelines offer to create a register to regulate the sector and protect investors from possible abuses. The document reportedly states that regulation in the sphere could contribute to the development of the technology behind cryptocurrencies, along with enhancing Germany’s position in financial markets. The guidelines also propose easing existing requirements, which assume that financial instruments must have tangible counterparts…

MakerDao Users Vote to Raise Stablecoin DAI’s ‘Stability Fee’ by 2%

Users of blockchain organization MakerDao (Maker) have voted to raise the so-called stability fee for Maker’s Dai (DAI) stablecoin to 3.5 percent, according to the results of a recent poll, completed on March 7. MakerDao, a Decentralized Autonomous Organization (DAO) based on the Ethereum (ETH) blockchain, first opened voting on the matter to users on March. 4. Accordingly, the firm announced on Thursday that users had voted yes to the proposal to increase the stability fee by 2 percent — from 1.5 percent to 3.5 percent — “ until the…

Smart Contract Firm Quantstamp Reveals Investment From Financial Giant Nomura

United States smart contract security company Quantstamp has announced its expansion to Japan following an investment from local financial giant Nomura Holdings. The news was revealed in a press release from Quantstamp published on March 6. According to the announcement, the U.S. firm has received a “significant investment” from Nomura, which provides investment, financing and related services to individual, institutional and government customers. Venture company Digital Garage, which invests in successful internet startups across the world, reportedly also contributed to the round.   Information that the corporate funding round was…

Unity Unveils Patent for Blockchain-Based, Uniquely Identified In-Game Token System

The Danish parent company of game engine developer Unity has applied for a patent related to in-game cryptocurrency tokens, documents from the United States Patent and Trademark Office revealed on March 5. Unity Technologies, whose software its CEO says is used by about half of the world’s video games, is now targeting missing links in the in-game token market. “There are currently no known ways to assign objects (both physical and virtual) to unique identifiers and allow those objects to be altered, transferred, swapped, exchanged, traded, given, and associated with…

Crypto Tokens Enjin, ICON Soar 20% but Bitcoin Remains Woefully Stable

Throughout the past several days, Bitcoin has remained relatively stable at $3,900. The stability of BTC has led crypto tokens to record massive spikes in the range of 10 to 100 percent. Enjin Coin, for instance, the native cryptocurrency of a gaming-focused blockchain network called Enjin, surged by 100 percent at its daily peak following its partnership with Samsung. Enjin Coin Daily Chart (Source: Coinmarketcap.com) ICON, the most valuable blockchain project in South Korea, recorded a 15 percent gain within a 24-hour span. Alternative cryptocurrencies tend to perform strongly when…

Bitcoin Struggles to Pass Price Hurdle But Bull Outlook Intact

View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). A break above $4,000, however, could be preceded by a pullback to $3,750 if another rejection at a newfound resistance of $3,900 ends up breaching the bullish higher low of $3,826 on the hourly chart. A UTC close below $3,658 would confirm a short-term bearish reversal, although that looks unlikely. Bitcoin’s (BTC) repeated failure to beat resistance at $3,900 is a slight cause of concern for the bulls.…

Bulls Need Progress Soon as Bitcoin Stalls at Price Hurdle

View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). The cryptocurrency, however, is struggling to find acceptance above $3,900. The newfound resistance needs to be scaled soon, else key support at $3,826 could be breached in favor of a drop to $3,750. A convincing break above $3,900 could fuel a move above the psychological hurdle of $4,000. A UTC close below $3,658 would confirm a short-term bearish reversal, although that looks unlikely. Bitcoin’s repeated failure to beat…

Revolut App Now Lets Users Auto-Trigger Cash and Crypto Exchanges

Mobile finance app Revolut has launched a new feature allowing users to “auto-exchange” cash and cryptocurrencies. The firm announced Tuesday that its over 4 million users can now automatically exchange, say, U.S. dollar (USD) to bitcoin (BTC) or ether (ETH) to XRP, based on a pre-set target rate. Fiat-to-fiat exchanges are also possible. Once a target rate is set in the app – either above or below current rates – Revolut said the exchange will trigger once the target has been reached. It warns, though, that the achieved rate could be…

IBM Reveals Two Further Blockchain Patents for Security And Database Management

Multinational computing giant IBM is adding to its stack of blockchain patents with two new applications, the United States Patent and Trademark Office confirmed, publishing documents on March 5. According to one patent document, IBM now seeks to target network security using blockchain technology. A second patent focuses on database management using the tech. “Securing a data log using monitor security protocols may be accomplished with different levels of security, ranging from low security to high security, and have various combinations of hardware and software configurations,” the description of the…

Sometimes Gov’t Should ‘Stay out of the Way’

A United States senior government official said that the country was closely monitoring global approaches to blockchain in a speech at the 4th Annual DC Blockchain Summit on March 6. The event, organized by blockchain advocacy group the Chamber of Digital Commerce (CDC), featured various influential speakers from U.S. politics. This year, discussing domestic and coordinated international efforts around blockchain, Acting Under Secretary of State for Economic Growth, Energy, and the Environment, Manisha Singh, explained that the Trump Administration was busy surveying other states’ activities in the area. Speaking about…