India ponders going full China on crypto, Nov. 22–29

Are big emerging economies more likely to gravitate toward blanket crypto bans? China has set a precedent, and now it appears as if India could be weighing a similar policy direction: A bill containing a proposed ban on all “private cryptocurrencies” will go in front of the nation’s parliament sometime this winter. The measure is designed to clear the way for India’s central bank to advance its digital currency agenda. Whether a sovereign central bank digital currency can coexist with a thriving market of “private” cryptos will be one of…

Ethereum in full deflation mode as Eth2 merge gets closer

The Ethereum community has been hard at work over the past few years, laying the foundation for its shift away from its current proof-of-work (PoW) algorithm which has formed the backbone of the blockchain’s operation up until today. Ethereum’s switch to its proof-of-stake- (PoS-) powered Ethereum 2.0 chain is edging closer to reality, with recent updates to its blockchain resulting in the issuance of Ether (ETH) becoming deflationary. Recent upgrades have resulted in deflationary issuance of ETH, where the burning of a portion of transaction fees has surpassed the issuance…

Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation – Regulation Bitcoin News

Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks should be able to issue stablecoins, not all stablecoin issuers need to be banks. Fed’s Waller Disagrees That Stablecoins Need to Be Regulated With Full Banking Regulation Federal Reserve Board Governor Christopher Waller talked about stablecoin regulation Wednesday during a virtual conference organized by the…

Nasdaq-Listed CleanSpark Moves Full Mining Power to Foundry Pool — CoinDesk

The USA Pool of Foundry, a subsidiary of CoinDesk parent Digital Currency Group, focuses on institutional mining businesses and integrates with cryptocurrency prime broker Genesis, another DCG-owned company, to provide treasury management services. Foundry USA is the first North American pool to offer the Full-Pay-Per-Share (FPPS) payout method without relying on an external party. FPPS pays miners the expected block reward from bitcoin plus the associated transaction fees. In return, the pool operator is paid a small fee. Foundry USA’s major  customers include Bit Digital, Hive, Greenridge, and Foundry itself.…

Decentraland announces layer-two MANA token transfers, plans for full migration

Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit. In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge enabling users to move native MANA tokens to Polygon and back. At the time of publication, MANA is the 80th ranked token by marketcap and has risen 3750% on the year to $1.01, per Coingecko. This is just the first step in what will be a significantly…

Goldman Sachs to Offer ‘Full Spectrum’ of Bitcoin Investments – Markets and Prices Bitcoin News

Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum” of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.” Goldman Sachs to Begin Offering Bitcoin Investments to Wealthy Clients Goldman Sachs is the second major bank to say that it will be offering its wealthy clients access to bitcoin investments. CNBC reported on Wednesday that the bank is close to offering its first investment vehicles for bitcoin to clients…

Kava launches Hard V2 to become first full lending protocol in the Cosmos ecosystem

Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain. The Kava 5.1 upgrade is a significant boost to performance over previous major versions, with the team claiming a ten-fold increase in throughput through “consensus enhancements.” The upgrade also carries improvements to the BEP3 relayer that acts as the connection to Binance Smart Chain, and other improvements to APIs and overall reliability. The Kava 5.1…

China and Japan go full steam ahead with CBDC pilots

China and Japan are pushing forward with their respective pilots for central bank-issued digital currencies, or CBDCs. On March 26, Bank of Japan announced it had established the Liaison and Coordination Committee on Central Bank Digital Currency to convene with both the private sector on the banks upcoming CBDC proof-of-concept, or PoC, stating: “The Bank, through this committee, will share details of, and provide updates on the PoC with the private sector and the government and will seek consultation on future steps to facilitate smooth implementation of the PoC.” The…

Bitcoin price rally to $61,800 shows BTC bulls are in full control

On March 13 bulls took full control of the crypto market as Bitcoin (BTC) price vaulted to a new all-time high at $61,844 after a high volume surge pushed the price through overhead resistance near $58,000.   Analysts had spent the week calling for an eventual move above the $60,000 level and social metrics showed bullish sentiment for Bitcoin continued to increase as a number of companies and institutional investors announced plans to make BTC purchases.  BTC/USDT 4-hour chart. Source: TradingView Bitcoin now finds itself in the realm of price discovery as…

Nvidia RTX 3060 mines Ether at full power as miners allegedly bypass hash limits

Nvidia’s attempt to shift Ether (ETH) miners away from its new GeForce RTX 3060 graphics card by limiting its hash rate appears to have been short-lived. Screenshots posted by tech leak Twitter account I_Leak_VN show a stack of eight RTX 3060 graphics cards operating at far above Nvidia’s 20-25 MH/s mining limit, while reportedly using Ethereum’s Dagger-Hashimoto mining algorithm. On the same day, a cryptocurrency-focused Facebook group from Vietnam posted a graphic announcing that the RTX 3060 had indeed been bypassed, and could now reach its full power of 50…