Fees on the Monero Network are down, way down.

Good evening. I'm Mark Hoxton, and this is late confirmation from Coindesk, bringing you the top stories from Monday, October 22nd.

Also on today's show, Australian regulators have hit the brakes on a $50 million

ICO, and Accenture is unveiling new tech this week that essentially builds a bridge

between some of the most well-known enterprise blockchains like HyperLedger and Quorum.

We'll have more on these stories and more on today's show.

First, transaction fees on Manero, the 10th largest cryptocurrency network by market cap,

have fallen sharply after last Thursday's system-wide software upgrade.

The reduction comes in the wake of the platform's activation of a highly anticipated new form of cryptography named bulletproofs,

a new technology that seeks to make the Monero Network's privacy features more scalable by restructuring how its confidential transactions are verified.

According to data published by Bit Info charts, average minero fees fell from about 54 cents on

Thursday to roughly 0.01 cents as of Saturday, a 96% drop. Alongside Bulletproofs, the upgrade, performed via a mechanism

called a hard fork, contained other features intended to improve privacy on the platform,

as well as new code to deter manufacturers from building specialized mining hardware for Monero.

An Australian initial coin offering project that was planning to raise as much as $50 million

has announced its token sale was halted by the country's securities regulator.

Called Global Tech Exchange, the project, based in the city of Brisbane, announced on

its website Monday that the token sale has ceased after the Australia Securities Investments

Commission stepped in.

According to tracking site ICO bench, Global Tech had intended to raise somewhere between

$10 and $ US dollars in its

bid to fund the creation of a crypto trading platform. The token sale started on September 12th,

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