UTC-05:00,Thursday , May 23rd 2019

24H News Roundup May 15: European Commission's Draft Document Says EC Will Study Possible Laws For Crypto Assets

17:56 Wednesday , May 15th 2019
1. The Finance Committee of the House of Representatives of Japan will review the amendments to the "Fund Settlement Law" and the Financial Instruments and Exchange Law relating to crypto assets;
2. European Commission's draft document says EC will study possible laws for crypto assets.
1. BCH network has now been upgraded to incorporate the highly-anticipated Schnorr signature algorithm, a digital signature scheme known for its simplicity;
2. Citing data from btc.com, at 10:32:59, May 15 (UTC), the address starting with 18mkjb, ranking the 15th on the Bitcoin Rich List, sent 45,000 BTC (approx. $364 million) to nine addresses;
3. The average transaction fee for BTC has soared to its highest point in over ten months, while the same metric for Bitcoin Cash does not point to a significant change.
[Exchange & Wallet]
1. Coinbase CEO Brian Armstrong announced the exchange’s custody product, Coinbase Custody, already has $1 billion in assets under management (AUM) in just 12 months after its launch;
2. Binance has completed its system upgrade and it will resume all trading activity at 13:00, May 15 (UTC).
1. DAppShield monitored that an address starting with TKnzni initiated "transaction rollback" attacks on Divitron, a TRON-based game;
2. U.S. Representative Tom Emmer plans to reintroduce a bill that would benefit taxpayers who hold cryptocurrency resulting from blockchain network splits or hard forks;
3. Google's trend explorer reveals the weekly number of worldwide searches for the keyword "Bitcoin" has reached levels not seen since the end of March in 2018;
4. There were recent announcements that Deloitte was moving its clients to VeChain. The firm will remain committed to working with Ethereum.