Last week the cryptocurrency market has seen a slight growth. The price of Bitcoin is up by 3.1% since last week, and is currently trading around $3900 and slowly approaching $4000. The overall cryptocurrency market increased by $8 billion during the week. Most of the top cryptocurrencies are higher than the price at which they started the week. Ether was up by 11% to $140. Then slightly dropped back to $134. The creator of Ethereum, Vitalik Buterin came up with the idea to fund wallet developers by charging their users a flat wallet fee of 1 gwei/gas per transactions. Vitalik believes that the new fee structure would collectively raise up to $2 million in a year for wallet developers without the need to turn to venture capitalists for money.
German Ministry of Finance has called the country recognize and regulate blockchain-based securities as a legitimate form of financial instrument. The Ministry of Finance has published a paper that discusses the introduction of regulation. The paper says the securities can be registered electronically and shouldn’t have to be documented on paper. The initiative plans to start with electronic bonds then move on to digital shares. The German Ministry of Finance believes it can position itself as the leading financial hub in Europe.