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Crypto Roundup: Vitalik Proposes Wallet Fee, Germany Looks at Regulation, Security Scares Prompt Patches

Ethereum devs could get a funding boost if Vitalik's idea for a wallet fee comes to fruition. That and other headlines in this week's crypto roundup.
vitalik has an idea

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Ethereum devs could get a funding boost if Vitalik's idea for a wallet fee comes to fruition. That and other headlines in this week's crypto roundup.

Vitalik suggests adding a wallet fee

Ethereum founder Vitalik Buterin says he wants to increase funding for the Ethereum dev community.

Vitalik's idea is for developers to charge 1 GWEI extra gas fee for transactions that pass through their wallets.

This would increase the average gas price by around 7%, but in real terms, the extra gas fee is negligible, as 1 cent = 73,000 GWEI.

Even so, Vitalik estimates that this could generate up to 2 million USD a year.

Regulation continues to roll forward

This week the German Ministry of Finance said that Germany should recognize securities on the blockchain as a legitimate financial instrument, and regulate them based on this view point.

This would alter German financial law to no longer require securities to be in paper form.

As regulatory clarity improves, it clears the air and allows businesses to move into the space with confidence.

Security scares

Google Chrome and WinRaR issued updates this past week to patch security flaws that could potentially make crypto assets vulnerable.

On March 1, Google released a patch for a zero-day exploit that, if used by attackers, would have allowed malicious users to carry out remote code execution on victims' machines.

To check if your Google Chrome has been updated, go to chrome://settings/help.

Meanwhile, a recently uncovered WinRaR security flaw has apparently been around for 14 years.

The exploit allowed attackers to execute malicious code on a computer if a user downloaded and opened a specific file.

The malicious file could drop a "payload" in a startup folder to execute a harmful .EXE file.

Make sure your WinRaR is updated 5.7 or higher and Google Chrome updated to 72.0.3626.121 or higher.

Keep your software up to date. Stay safe.

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