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
FRAUD WARNING: Scammers have been sending fake versions of CoinDesk's daily newsletter to try to trick recipients into visiting a suspicious "XRP giveaway" site. If you received this message, which copied our logo and design and even used our executive editor's name in the "from" field, know that it did not come from us. (Note that the actual sender's address is not a CoinDesk.com domain.) Please forward to fraud@coindesk.com and nik@coindesk.com, and block the sender if received.
LOSING GRIP? Bitcoin is just managing to keep gains above the 200-day average and may drop to recent lows near $8,400, if sellers manage to establish a foothold below the long-term support. Full story
COLLISION COURSE: CoinDesk features editor Ben Schiller and privacy-beat reporter Benjamin Powers join Markets Daily to discuss the the U.S. election in the age of bitcoin. The candidates have been largely silent on the issue of cryptocurrencies, but with trust in traditional institutions waning, the rise of a digital national currency in China, and whispers of the same in the U.S., the world of cryptocurrency is seemingly on a collision course with politics. Listen in
Bank ban busted