Day: November 27, 2022

Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation – Featured Bitcoin News

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According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian government’s plan to stop the further dwindling of the country’s foreign exchange reserves. Bank of Ghana to Use Cedi to Pay for Gold Following the revelation that Ghana plans to buy oil products using gold, Samuel A. Jinapor, the country’s minister for lands and…

Bitcoin mining revenue lowest in two years, hash rate on the decline

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The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the Bitcoin hash rate over the past month has allowed miners to recoup losses. The total Bitcoin mining revenue — block rewards and transaction fees — in U.S. dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500. While the current market price of around $16,500 suggests an obvious…

FTX Fallout: Indian Crypto Exchange CoinDCX Releases Proof-of-Reserves Details

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Indian crypto exchange CoinDCX has released the list of its on-chain and off-chain assets as part of proof-of-reserves (PoR). Last week, it released the reserves to liabilities (R2L) ratio for the top 10 assets. In an announcement on its site, CoinDCX has promised to provide monthly updates on its R2L ratio. Indian exchanges are hit by high taxation and a stringent regulatory environment, with the beginning of the current financial in April 2022. In particular, they suffered a drop in trading volume of up to 90% since July 2022 when…

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies – Regulation Bitcoin News

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Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply to Bitcoin and Other Decentralized Cryptocurrencies In response to multiple requests for clarification from citizens and businesses, Belgium’s Financial Services and Markets Authority (FSMA) has explained why it believes bitcoin, ether and other similar cryptocurrencies cannot be considered securities or investment…

6 Month Bitcoin Mining Profits

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video we are going to review my profits from mining Bitcoin with 2 different miners over the past 6 months. In this video I am … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version