TNW: Craig Wright Filed 114 Blockchain-Related Patents Since 2017

Craig Wright, an Australian computer scientist who has sometimes claimed to be Bitcoin (BTC) creator Satoshi Nakamoto, has reportedly applied for a slew of blockchain-related patents since 2017. Tech news site The Next Web (TNW) published its research regarding Wright’s patent filings on March 18.

TNW reports that, since August 2017, the World Intellectual Property Organization (WIPO) has published 155 patent applications filed by Wright. As with the United States Patent and Trademark Office, the WIPO publishes patent applications to notify the public that there is a potential new technology in a certain industry or space.

Wright will only receive proprietary control over the patents’ contents if they are formally awarded by the WIPO. Per TNW, whether the WIPO awards a patent is dependent on if the office deems it sufficiently innovative.

TNW states that the term “blockchain” was used in patent titles 114 times, while “cryptocurrency” was only mentioned six times and “Bitcoin” was never mentioned. References were also made to smart contracts and digital assets.

Some have argued that Wright is a “patent troll” who is attempting to amass blockchain-related patents not to use them, but to extract rents from companies that want to apply the technology. Marc Kaufman, an attorney who co-chairs the Blockchain Intellectual Property Council at the U.S. Chamber of Digital Commerce, told Fortune:

“His tactics and activities have all the marks of being a patent assertion entity or what’s pejoratively known as a troll. I’m not aware of his companies having any products.”

Last year, Wright was sued for $4 billion when the estate of David Kleiman — a computer scientist and cyber-security expert, whom many suspect to have been one of the developers behind Bitcoin and blockchain tech — claimed that Wright stole billions of dollars worth of Bitcoin.

According to the plaintiffs, Wright recognized that the family were unaware of Kleiman’s wealth and “forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him. Craig backdated these contracts and forged Dave’s signature on them.”

In a recent development in the case, software engineer and Bitcoin pioneer Jeff Garzik was subpoenaed by a U.S. District Court. The subpoena calls Garzik to appear in court and with any evidence regarding the “personal theory” that Kleiman was Satoshi Nakamoto. The subpoena also orders Garzik to provide all communications, agreements and documents related to both Wright and Kleiman.

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Japan Introduces New Regulations for Cryptocurrency Margin Trading

Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading, local news agency Nikkei reported on March 18.

The Cabinet of Japan, the executive branch of the country’s government, has reportedly approved draft amendments to Japan’s financial instruments and payment services laws, limiting leverage in cryptocurrency margin trading at two to four times the initial deposit.

Margin trading is the use of borrowed funds from a broker to trade a financial asset, thus forming a collateral for the loan.

The new rules — which are reportedly et to come into force in April 2020 — will require cryptocurrency exchange operators to register within 18 months of that date, which will purportedly enable the Financial Services Agency (FSA) to introduce relevant measures in regard to unregistered cryptocurrency “quasi-operators.”

Following promulgation of the new regulations, entities dealing cryptocurrency will ostensibly be monitored similarly to securities traders in order to protect investors. Additionally, cryptocurrency operators will be divided into groups to identify those engaged in margin trading and those issuing tokens through initial coin offerings (ICOs).

With this move, regulators reportedly aim to secure investors from getting caught up in Ponzi Schemes, as well as encourage legitimate companies to practice offerings as fundraising tools.

In January, the FSA revealed that it was considering the regulation of unregistered firms that solicit investments in cryptocurrencies. The development is reportedly a bid to close a loophole in the country’s existing regulatory framework, in which unregistered firms that collect funds in crypto rather than fiat currencies remain in a legal gray zone.

Back in August 2018, the commissioner of the FSA said that the agency wants the cryptocurrency industry to “grow under appropriate regulation” in order to find the “balance” between consumer protection and technological innovation, noting:

“We have no intention to curb [the crypto industry] excessively. We would like to see it grow under appropriate regulation.”

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Report: Number of Blockchain and Cryptocurrency Lobbies Tripled in 2018

The number of lobbies working on blockchain technology issues in Washington D.C. tripled in 2018, politics-oriented news outlet Politico reported on March 18.

The number of entities lobbying on digital currencies and blockchain reportedly grew almost thrice in the course of the past year, reaching 33 projects in the fourth quarter of 2018 compared to 12 in the same period of 2017.

Jerry Brito — executive director at the non-profit organization Coin Center that works with Reps. Warren Davidson (R-Ohio) and Darren Soto (D-Fla.), both known for their cryptocurrency-friendly attitude — reportedly suggested that the growth is driven by securities regulation.

In January, Soto stated that most cryptocurrencies should not be regulated under the country’s securities regulator. According to Soto, crypto should be overseen by the Commodities and Futures Trading Commission and Federal Trade Commission — rather than classed as securities under the Securities and Exchange Commission’s charge.

Blockchain companies purportedly face more difficulties when it comes to the technology’s deployment outside digital currencies. According to lobbyist Dina Ellis Rochkind, blockchain firms are still in the early stages of winning allies in Congress. Izzy Klein from Ripple-backed Klein/Johnson Group, which lobbies for the Securing America’s Internet of Value Coalition, said:

“I think that when you have a new technology and new platforms in older and heavily regulated spaces, you need as many legitimate voices and boots on the ground that you can get.”

Last year, major industry leaders such crypto exchange Coinbase, technology startup Protocol Labs, as well as the Digital Currency Group and Polychain Capital, formed the “first” lobbying group representing the blockchain industry in Washington D.C. The Blockchain Association will purportedly represent entrepreneurs and investors who are engaged in blockchain-based projects.

Recently, Rep. Kevin McCarthy, the current Republican Minority Leader in the United States House of Representatives, said that blockchain can make the Congress a more efficient and transparent place. McCarthy stated:

“Blockchain is changing and revolutionizing the security of the financial industry. Why would we wait around and why wouldn’t we institute blockchain on our own, to be able to check the technology but also the transparency of our own legislative process?”

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Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network

Six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World Wire.” The news was jointly announced by IBM and Stellar during a keynote at Money 2020 Asia in Singapore, financial news channel Cheddar reported on March 18.

As previously reported, IBM’s cross-border payment network, Blockchain World Wire (BWW) was launched in collaboration with Stellar (XLM) in September 2018. BWW, which went live today and reportedly has over 44 banks on service, aims to leverage cryptocurrencies to enable near real-time international settlements between banks.

In today’s development, Cheddar reports that six banks have confirmed their intent to issue stablecoins backed by their national fiat currencies on BWW — including Brazil’s Banco Bradesco, South Korea’s Bank Busan and the Philippines’ Rizal Commercial Banking Corporation.

Other as-yet-undisclosed banks will reportedly issue stablecoins backed by the euro and Indonesian rupiah, among others, IBM head of blockchain solutions Jesse Lund revealed.

Ahead of today’s bank-issued stablecoin announcement, IBM had also partnered with Stronghold, a Stellar-based, USD-backed asset, to create the Stellar network’s first stablecoin.

Lund has stated that IBM plans to expand its blockchain-powered settlement network with further assets. He said:

“We let the market drive the expansion and selection of the network incrementally. We are really feeling excited that we are on a roll to build something new and revolutionary that’s really going to change the landscape of cross-border payments.”

As Cheddar reports, BWW currently supports more than 47 currencies for payments across 72 countries. It disintermediates legacy bank settlement systems by introducing the XLM token as an efficient, immutably-tracked settlement instrument for fiat currencies between institutional parties.

IBM does not issue the settlement asset chosen between parties, as Lund had emphasized in an interview earlier this week:

“Our view for stablecoins is really that they should be more broadly accessible and what World Wire seeks to do is to provide fungibility of digital assets across financial institutions.”

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Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 18

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

Ethereum (ETH) co-founder Joseph Lubin expects the global economy to grow 10 times in the next 10 to 20 years, powered by the mass use of blockchain technology. According to him, the current condition of the nascent space is similar to the use of email in 1983, when only a handful of early adopters were using it.

Tyler and Cameron Winklevoss, founders of the Gemini crypto exchange, have welcomed Facebook’s rumored stablecoin. However, they said that cryptocurrencies will usher in a greater disruptive development compared to the social networking platforms.

Gradually, large traditional players in various fields are recognizing the power of blockchain technology and cryptocurrencies, partnering with various startups to gain the first mover advantage. Different nations are also not leaving any stone unturned to make the most of the budding technology.

These developments are positive for the future. Nevertheless, the price is yet to respond to improved fundamentals. What do the charts of the major cryptocurrencies project? Let’s find out.


Though Bitcoin (BTC) has been rising above the psychological resistance of $4,000 for the past three days, it has not been able to sustain it. This shows profit booking at higher levels. If the price doesn’t close above $4,000 soon, we anticipate a mild correction to the 20-day EMA and below it to the uptrend line.

If the digital currency rebounds sharply from either of the supports and breaks out of $4,000, it will be a positive sign. It is then likely to rally to $4,255, which is a major hurdle. A close (UTC time frame) above $4,255 will complete a double bottom, which has a pattern target of $5,273.91.

Currently, both the moving averages are sloping up and the RSI is in the positive territory. Hence, the path of least resistance is to the upside.


Our bullish view will be invalidated if the BTC/USD pair dips below the moving averages. On a fall below the 50-day SMA, the pair can drop to $3,355. Below this level, the final support is at $3,236.09. The downtrend will resume if the bears sink the price to a new yearly low.

Traders can retain the stop loss on the long positions below $3,236.09. We shall soon trail the stops higher to reduce the risk. We might suggest adding long positions on a close above $4,255.


Ethereum (ETH) failed to sustain above $144.78 on March 16. This shows a lack of buying at higher levels. The price has again dipped back to the 20-day EMA, below which a fall to $134.50 is probable. Both the moving averages have started to slope up, which indicates a minor advantage to the bulls.


A breakout and close above $144.78 can result in a move to the next overhead resistance of $167.32. If this level is also crossed, it will complete a bullish ascending triangle pattern that has a target objective of $251.64.

On the other hand, if the ETH/USD pair plunges below the moving averages, it can slide to the trendline of the ascending triangle pattern. Traders can keep the stops on the remaining long positions at $125.


Ripple (XRP) has been trading close to the moving averages for the past few days. This period of consolidation is unlikely to continue for long. We expect a decisive breakout or a breakdown within the next few days.


A breakout of $0.33108 will propel the XRP/USD pair to the resistance line of the descending channel. If the bulls succeed in pushing the price above the channel, we expect the pair to pick up momentum and start a new uptrend.

On the other hand, if the digital currency plunges below the uptrend line of the ascending triangle, it can drop to the next support at $0.27795. Below this level, a drop to $0.24508 is possible. Traders can protect their long positions with the stop loss just below $0.27795.


Litecoin (LTC) broke above the resistance line on March 16, but it is facing profit booking at higher levels. If the price rebounds off $56.910, it will indicate strength and a rally to $65.561 is probable. Above this level, the up move can extend to $69.2790. Though the price has been moving up, the RSI has failed to catch up. This negative divergence on the RSI is worrying us. Traders can trail the stops on the remaining long positions to $52.


We are not recommending booking complete profits at the current levels because, in a bull phase, the negative divergence on the RSI can often give a false signal. Notwithstanding, since it is a warning sign, we have proposed trailing the stops to protect the paper profits.

If the LTC/USD pair breaks down of the 20-day EMA, it can slide to the next support at $47.2460. The 50-day SMA is just below this level. A breakdown of this support will indicate weakness.


EOS has been struggling to breakout of $3.8723, but is finding support close to the 20-day EMA. Both the moving averages are gradually trending up, and the RSI is in the positive territory, which shows that the bulls have a slight edge.


If the EOS/USD pair sustains above $3.8723, it can move up to $4.4930. But if the pair turns down from the current levels and breaks below the 20-day EMA, a fall to $3.1534 is probable. Below this support, the trend will turn in favor of the bears. Therefore, traders can retain the stops on the remaining long positions at $3.1. We shall soon trail it higher.


Bitcoin Cash (BCH) has quickly risen to the overhead resistance of $163.89. The attempt to breakout and sustain above it has failed. Still, with the 20-day EMA starting to slope up and the RSI in the overbought zone, the path of least resistance is to the upside. Above $163.89, it can rally to $175 and above it to $220.


If the BCH/USD pair fails to scale above $163.89, it will again slide back to the 20-day EMA. The trend will turn negative if the bears sink the price below $120.46, and traders can retain the stop loss on the long positions at $116. We shall watch for a couple of days and then recommend trailing the stops higher.


Binance Coin (BNB) broke out of the overhead resistance at $15.9100517 on March 16. We expected it to continue higher after breaking out of the resistance. However, the digital currency is stuck near the breakout levels for the past two days.


A breakout of $16.6442826 can propel the BNB/USD pair to its target objective of $18. Both the moving averages are trending up and the RSI is in the overbought zone, which shows that the bulls have the upper hand.

However, if the price again slips back below $15.9100517, it will indicate profit booking at higher levels. The support on the downside is at the uptrend line and below it at 20-day EMA. If the 20-day EMA breaks down, the short-term trend will turn in favor of the bears. Therefore, please trail the stop loss on the remaining long positions to $14.


Stellar (XLM) is consolidating near the recent swing high, which is a positive sign. The 20-day EMA is sloping upward and the RSI is close to the overbought zone, which suggests that the bulls are in command.


On the upside, the XLM/USD pair has to breakout of the resistance line to pick up momentum. The targets are $0.13250273 and above it, $0.14861760.

Our bullish view will be invalidated if the price turns down from the current levels and slips below the 20-day EMA. In such a case, a fall to the uptrend line is probable. The traders can keep the stop loss on the long positions at $0.08.


Though Tron (TRX) broke out of the 20-day EMA on March 16, it turned back from the 50-day SMA. The bulls could not keep up the buying pressure and it is currently struggling to hold the 20-day EMA.


Both the moving averages are sloping down and the RSI has also slipped into the negative territory, which suggests that the bears have the upper hand. The TRX/USD pair will pick up momentum above $0.02815521. Until then, the bears are likely to sell on rallies.

On the downside, support lies at $0.02094452. If this level breaks, the next one to watch is $0.01830. We remain neutral on the digital currency until it breaks out and sustains above the range.


Cardano (ADA) broke above the $0.036815 to $0.051468 range on March 16, but did not trigger our buy mark of $0.05650 suggested in the previous analysis. However, it has not given up much ground as is trying to hold above the previous resistance-turned-support of $0.51468. This is a positive sign, as it shows that the bulls are in no hurry to book profits.


If the ADA/USD pair picks up strength and rallies above $0.05650, we expect it to reach $0.066121 and above it to $0.080. Therefore, we retain the buy suggested in the previous analysis.

Contrary to our assumption, if the price sustains below $0.051468, it can drop to the 20-day EMA, which should provide support. If this support breaks, the pair will extend its stay in the range.

The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

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Top 5 Crypto Performers Overview: Stellar, Bitcoin Cash, Cardano, Dash, Monero

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

The crypto markets are showing the first signs of bottoming out. Most cryptocurrencies are well above their yearly lows and are starting new uptrends. Every bull phase has a new set of leaders. Therefore, it is important to note the digital currencies that are pulling the market higher, as these are the ones that are likely to outperform during the move upwards.

Bitcoin’s (BTC) dominance continues to drop gradually since reaching a high of about 57.80 percent in mid-September. This shows that the market participants are loading up on altcoins. However, a new bull phase cannot start without support from the leading cryptocurrency.

The good news regarding Bitcoin is that it has stopped falling and is gradually moving higher. Its volume topped $11 billion over the 24-hour period on March 15, a level not seen since April 25 of last year. This shows that market participants are gradually turning bullish on the leading cryptocurrency.

As the crypto universe emerges from its prolonged bear phase, there will be periods when Bitcoin will lead and other times when altcoins will lead. So, traders should change their strategy accordingly.


Stellar (XLM) is the best performing major cryptocurrency of the past week. It rallied on the back of favorable news, as Coinbase Pro announced support for Stellar on March 13. This move will likely eventually lead to full support on Coinbase’s other platforms. The appointment of Denelle Dixon, former chief operating officer at Mozilla, as the CEO and executive director of Stellar Development Foundation also served as bullish news.

Additionally, IBM’s push to create a stablecoin targeting blockchain-powered cross-border payment solutions for banks involves a partnership with the altcoin in the form of Blockchain World Wire. The question is, can this adoption and development-based rally continue or will it hit a roadblock ahead? Let’s take a look at the charts.


The XLM/USD pair is in a downtrend. Both the moving averages are still down and the RSI is in the negative zone. Currently, it is attempting to pullback from the lows, which will face resistance at $0.14861760 and above it at the downtrend line.

We are yet to see a higher high and a higher low being formed, which will indicate that the downtrend is over. Therefore, for long-term investors, we don’t see any reliable buy setups yet. If the pair turns down from the 20-week EMA, it will again attempt a breakdown to new lows.   


Bitcoin Cash (BCH) was the second-best performer for the week, rising about 15 percent. Though there was apparently no specific news driving prices higher, the digital currency has a history of vertical rallies and waterfall declines. Let’s see where it goes from here.


After many small range weeks, the BCH/USD pair is looking to move up. The current move is likely to carry it to the 20-week EMA, which is just below the horizontal resistance of $239. If the bulls succeed in breaking out of $239, we anticipate the pair to pick up momentum and rally to $400. The digital currency has a history of sharp rallies; hence, the target might surprise to the upside.

Contrary to our assumption, if the cryptocurrency turns down from $239, it might extend its stay in the range for a few more weeks. It will turn negative if the bears sink the price below $105.


Cardano (ADA) announced this week that it will be one of the founding members of the  European Commission’s International Association for Trusted Blockchain Applications. The association is an effort to identify the improvements blockchain technology can bring to various industries and formulate a common approach for the European Union.


The ADA/USD pair has been range bound between $0.036815 and $0.051468. We like it when a digital currency forms a large basing pattern after a prolonged downtrend. Previous attempts to breakout or breakdown of the range did not find any takers.

Currently, the bulls are trying to breakout of the range once again. The 20-week EMA is just above this level, which might also act as a roadblock. If the digital currency scales above the 20-week EMA, we anticipate a quick rally to $0.082952 and above it to $0.094256. Therefore, traders can buy on a weekly close (UTC time frame) above $0.051468 and keep a stop loss of $0.0350.

Opposite to our expectations, if the digital currency turns down from the current levels, it will extend it stay in the range for a few more weeks. A breakdown of the range will be a negative sign that can result in a retest of the lows, below which the downtrend will resume.


Dash (DASH) has been making huge inroads in Venezuela as the citizens look at various available avenues to deal with the unstable Bolivar and foreign sanctions, which threaten to derail SWIFT, Visa and MasterCard services. Dash Text has come up with a charity system that is devoid of any human third-party intervention. The donations are directly distributed among the pool of recipients. In other news, Equicex Group, the provider of privacy-focused debit cards, has decided to integrate Dash, which increases the options available for Dash users.


The DASH/USD pair continues to trade between $56.214 and $103.261. The bulls are attempting to push prices above the resistance of the range. The 20-week EMA is placed just below $103.261 levels. We expect the bears to defend this resistance. If the price turns down, then the consolidation will stretch out for a few more weeks. The trend will turn negative if the bears sink the digital currency below the range.

Conversely, if the bulls succeed in breaking out of the overhead resistance, it can move towards the next levels of $175 and $224. Aggressive traders can buy a breakout and weekly close (UTC time frame) above $103.261. The initial stop loss can be kept at $56 that can be quickly raised if the price moves northwards or fails to build upon gains following the breakout.


In Monero (XMR) news, the altcoin completed a hard fork on March 09 that will help improve its privacy, security and ASIC resistance. Following the update, the hash rate of the Monero network plunged by about 90 percent from 1.14Gh/s to 162.14Mh/s. Additionally, two new Monero trading pairs were added by top global exchange Binance. Given these developments, the cryptocurrency came out this week as the fifth best performer. Can it improve upon its performance?


The bulls are attempting to carry the XMR/USD pair above the resistance of the range at $60.1470 and the 20-week EMA at $62.50. If successful, a quick rally to $81, followed by a move to $114.840 is probable. The long-term target is $150.

Traders can buy on a close above $62.5 and keep a stop loss of $38, which is just below the bottom of the range. As the price moves higher, we would suggest trailing the stops higher to reduce risk.

On the other hand, if the price turns down from the overhead resistance, the virtual currency will remain range bound for a few more weeks. The trend will turn negative on a breakdown of the current range.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

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Ethereum Devs Once Again Approve ASIC-Resistant Algorithm ProgPoW

Ethereum (ETH) core devs once again discussed the proposed Application Specific Integrated Circuit (ASIC)-resistant Proof of Work (PoW) algorithm ProgPoW during their weekly meeting on March 15. This week, the devs again reached an overall consensus that the algorithm should be implemented, while the timeline for its implementation remains unclear.

When discussing the algorithm, the developers argued over how effective ProgPoW will prove to be at diminishing the efficiency advantage of ASICs. Ethereum core developer Greg Colvin noted that the team has discussed such doubts many times in the past. He also pointed out that the decision has already been made previously:

“We’re going back to stuff we were tired of talking about months ago! We Decided that the only issue is whether there were errors in the algorithm, backdoors in the algorithm, anything like that. […] Not arguments between the GPU people and the ASIC people. That will unroll over time.”

After first reaching a consensus for the implementation of the algorithm in early January, Ethereum developers changed their mind and delayed the decision until the algorithm is audited by a third party in the beginning of February.

As of about a month ago, Ethereum holders nearly unanimously supported the ProgPoW algorithm implementation.

As Cointelegraph reported in January, an Ethereum code contributor had suggested that Ethereum developers “embrace” ASICs in  a post on Ethereum developer forum Ethereum Magicians.

As Cointelegraph’s analysis dedicated to the algorithm and the controversies surrounding it notes, the potential implementation ProgPoW has stirred up various theories and rumors in the community. According to one, for instance, the team allegedly working on ProgPoW represents the interests of the leading manufacturers of GPUs 一 Nvidia and AMD.

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Top Cryptos Look Stable as Bitcoin Hovers Over $4,000

Sunday, March 17 — the top 20 cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin (BTC) has pushed back just over the $4,000 mark, according to CoinMarketCap data.

Market visualization

Market visualization from Coin360

At press time, Bitcoin is down under a quarter of a percent on the day, trading at around $4,037, according to CoinMarketCap. Looking at its weekly chart, the current price is over 2.4 percent higher than the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.7 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13.1 billion by press time.

ETH is down by about one percent over the last 24 hours. At press time, ETH is trading around $141, after having started the day at $140.50. On its weekly chart, Ethereum has seen its value increase by about three percent.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Second-largest altcoin Ripple has lost just over half a percent in the 24 hours to press time and is currently trading at around $0.318. Looking at the coin’s weekly chart, its current price is nearly one percent higher than $0.315, the price at which it started the week.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have recently jointly established a $100 million fund to support game developers.

Among the top 20 cryptocurrencies, other than ETH, only five coins are seeing an over 1 percent change on the day to press time — Bitcoin SV (BSV), Monero (XMR), Iota (MIOTA), Ontology (ONT) and Nem (XEM).

The total market cap of all cryptocurrencies is currently hovering just under $140 billion at $139.9 billion, which is about four percent higher than $134.3 billion, the value it reported one week ago.

As Cointelegraph reported yesterday, Ethereum co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and that blockchain will be involved in most of it.

Speaking at Austin’s SXSW conference on March 15, senior advisor for digital assets at the United States Securities and Exchanges Commission, Valerie Szczepanik, reportedly noted that stablecoins could experience issues under current securities laws.

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United Arab Emirates’ Financial Authorities Host Crypto Asset and Fintech Forum

The United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech, the UAE’s official news outlet Emirates News Agency reported on March 17.

Per the report, the event was held in ADGM in collaboration with the UBF Compliance Committee and aimed to bring together industry specialists to discuss the challenges and opportunities facing fintech and crypto assets.

At the start of the meeting, ADGM also shared its regulatory objectives and the main features of its crypto asset policy and surveillance tools.

Moreover, the overall topics discussed at the forum reportedly ranged from ADGM’s crypto assets regulations and supervisory approach to how banks and financial regulators can jointly develop processes and procedures to ease crypto asset regulatory risks. The report also quotes UBF Chairman Abdul Aziz Al-Ghurair as saying:

“Given the rapid emergence of new FinTech such as cryptocurrencies and other crypto assets, it is essential that we develop frameworks and regulations that govern these technologies and developments.”

Al-Ghurair also noted the local aspiration to become one of the foremost international hubs for finance and how keeping up with the technological change is necessary to achieve this objective.

The UBF is a non-profit organization that represents 50 member banks that operate in the country. ADGM is an international financial center located in the UAE’s capital city.

As Cointelegraph reported in February, the UAE Ministry of Finance also announced that it planned to discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit.

During the same month, six commercial banks from Saudi Arabia and the UAE joined a digital currency project after the authorities of both the countries announced an agreement to cooperate on the creation of a cryptocurrency in January.

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Coinbase Pro Increases Fees, Updates Market Structure ‘to Increase Liquidity’

Major United States-based cryptocurrency exchange Coinbase announced a new market structure for its professional trading platform, Coinbase Pro, in a blog post published on March 15.

Per the announcement, the changes aim to increase liquidity, enhance price discovery and ensure smoother price movements. The changes include a new fee structure, reportedly designed to increase liquidity, updated order maximums, new order increment sizes, the turning off of stop market orders and added market order protection points.

According to the post, Coinbase Pro and Coinbase Prime — the firm’s institutional trading platform — will cease their support for stop market orders. The announcement further explains that all stop orders must now be submitted as limit orders and include a limit price.

On the other hand, the market protection points that will be introduced both to Coinbase Prime and Coinbase Pro users will amount to 10 percent for all market orders. The statement explains that market orders that move the price more than 10 percent will stop executing and return a partial fill.

Lastly, the post warns the exchange’s user base that the platform will be offline on March 22 from 6:00 p.m. to 6:30 p.m. PDT.

The changes were met with some skepticism and negativity from the crypto community on social media. Economist and trader Alex Krüger complained on Twitter about “Coinbase Pro raising fees for smaller clients by 33% while lowering fees for larger clients.” The same user also further commented that “in a rational world, most Coinbase users would now move to Binance.”

In the same Twitter thread, Krüger also questioned Coinbase’s decision to disable stop market orders, claiming that stop-limit orders sometimes fail to execute because of slippage, suggesting using far off limits on limit orders as a workaround. Still, Krüger also admitted that those changes should lead to increased liquidity and trading activity.

Another crypto trader on Twitter suggested that the new fee structure is seemingly targeting new users entering the cryptocurrency space, concluding:

“Pretty random day to hike all the fees up, Coinbase anticipating a new bull run perhaps?”

As Cointelegraph recently reported, Coinbase Pro announced support for altcoin Stellar Lumens (XLM).

Just yesterday news broke that publicly traded U.S.-based company Riot Blockchain has filed with the Securities and Exchanges Commission to launch a new regulated cryptocurrency exchange, called RiotX, in the U.S. by the end of Q2 2019.

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