Bitcoin mining firm AntPool mined the first non-signaling block, which the rest of the network accepted and BIP-110 nodes rejected, and a miner using Ocean produced the alternative that the breakaway chain followed instead. (A miner is an entity that uses massive computing resources to maintain bitcoin and process its transactions, earning newly issued bitcoin and fees for the work.)AntPool and Ocean are mining pools, where many operators combine their machines and share the rewards.The stall has a mechanical cause that is hard to escape. Bitcoin recalculates how difficult mining is every 2,016 blocks, aiming to keep blocks arriving roughly…

Domestic-currency stablecoins intended to curb reliance on dollar-backed tokens could instead make it easier for users to move funds into digital dollars, according to a senior International Monetary Fund (IMF) official.On Friday, IMF First Deputy Managing Director Dan Katz said that once local and dollar stablecoins operate on the same blockchain infrastructure, users can convert between them through decentralized exchanges, liquidity pools or peer-to-peer swaps. In a speech at the University of Cape Town, Katz said the shift could move foreign exchange activity away from banks and currency dealers, reducing the friction that gives authorities tools to monitor and manage capital…

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