BAN BUSTED: The Supreme Court of India has ruled against a decision imposed by the country's central bank nearly two years ago that stifled crypto trading in Asia's third-largest economy. The court opted Wednesday to overturn the Reserve Bank of India's (RBI) ban on domestic financial institutions from providing banking services to crypto exchanges. Full story
IMMEDIATE CONVENIENCE: Hours after the RBI's ban was overturned, Mumbai-based CoinDCX announced it has added support for bank account transfers, becoming the first platform in India to let users purchase cryptocurrency with Rupees directly from their bank accounts. "With renewed accessibility and convenience in purchasing cryptocurrencies, we believe that this change will have a dramatic effect in accelerating crypto adoption in India," Sumit Gupta, CoinDCX co-founder and CEO, said. Full story
FORGET FINANCE? A trio of heavy hitters in the enterprise blockchain space think it’s time for big business to embrace the public ethereum blockchain, as a coordination tool rather than for large-scale financial transactions. EY, ConsenSys and Microsoft announced a new way of using ethereum to connect firms’ internal systems for resource planning. Full story
HASHING REBOUND: The bitcoin network's computer processing power is growing again as major Chinese miner manufacturers gradually recover from coronavirus-prompted delays. Average hashing power over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s). Full story
GREEN LEDGERS: This year’s annual Hyperledger Global Forum has seen an emphasis on how blockchain can help tackle climate change. Taking center stage were discussions on how the tech can help with processes such as tracking emissions and carbon credits, or the carbon footprints of materials like cobalt for car batteries across supply chains. Full story
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