Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Bitcoin Halving Havoc: Why Few Miners May Survive The Upcoming Profitability Crunch

As the Bitcoin halving event, scheduled to occur later this year by April, approaches, financial firm Cantor Fitzgerald has recently released a report indicating that post-halving, the profitability of major publicly traded BTC miners could be severely impacted.

Eleven out of thirteen of these miners, including notable names such as Argo Blockchain and Hut 8 Mining, may struggle to maintain profitability.

Assessing The Profitability Of Top Miners Post-Event

This impending halving will slash the reward miners receive by half, a mechanism intrinsic to BTC’s design to preserve its scarcity. While the event is often seen as a bullish catalyst for BTC’s price in the long run, it poses challenges for mining operations, especially those with substantial overheads.

Cantor Fitzgerald’s analysis, spotlighting the “all-in” cost per Bitcoin, estimates that only two miners, Bitdeer and CleanSpark, are likely to sustain profitability under the new reward structure, assuming BTC’s price stays above the $40,000 threshold.

Meanwhile, Argo Blockchain (ARBK) and Hut 8 Mining (HUT) are flagged as the most at-risk entities, facing a post-halving estimated cost per Bitcoin exceeding $60,000.

The report further indicates that major players in the industry, Marathon Digital (MARA) and Riot Blockchain (RIOT), with market values of $3.62 billion and $2.19 billion respectively, may also struggle to maintain profitability.

Their predicted cost to produce a single BTC post-halving stands at roughly $50,559 for Marathon Digital and $43,913 for Riot Blockchain.

Furthermore, despite the impending challenges, there are bright spots in the report. Bitdeer and CleanSpark emerge as the most efficient miners, with lower “all-in” costs per Bitcoin, at $17,774 and $36,896, respectively.

Bitcoin (BTC) Latest Price Action

Notably, the broader Bitcoin market is currently showing signs of recovery, which could positively impact the mining industry. Despite a recent slump, Bitcoin’s price has seen a modest increase, currently trading above $41,000.

Bitcoin (BTC) price chart on TradingView.com

This uptick, however, follows a period of downturn, where the asset saw a significant drop in the past two weeks falling from a peak above $48,000 leading to a 10.4% decline over this period.

Meanwhile, as the halving event draws near, Bitcoin miners are reportedly ramping up their selling pressure. On-chain data indicates a sharp spike in the Miners’ Position Index (MPI), suggesting increased selling activity.

The MPI tracks the ratio of miner outflows to the 365-day moving average. A value greater than 1 indicates potential heavy selling, which could exert bearish pressure on Bitcoin’s price.

Featured image from Unsplash, Chart from TradingView



from Bitcoinist.com https://ift.tt/bvRg2oA
via IFTTT

Popular posts from this blog

Crypto Exec Warns Tokenization Is Moving Faster Than Expected

Image
According to a post shared on X by Keith Grossman, president of crypto payments firm MoonPay, finance is heading toward an onchain future that could unfold over several years. The view comes as large banks and asset managers begin product tokenization, a move that once seemed extreme but is now being treated as a practical step by major institutions. Regulatory Signals Push Institutions Forward Based on reports cited by Grossman, progress has accelerated because rules are becoming clearer. Legislative efforts, regulatory guidance, bank involvement and accounting standards are starting to line up. That combination reduces uncertainty, which is often what slows large pools of capital. BlackRock has already launched tokenized funds, while Franklin Templeton is running tokenized money market funds on public blockchains. Those actions suggest that tokenization is no longer confined to pilot labs or internal trials. It is being used with real assets and real clients. Bank of Ameri...
Read more

Bitcoin Mining Could Be Strengthening The Ruble, Russian Central Bank Says

Image
Bitcoin mining may be providing incremental support to the Russian ruble, Central Bank Governor Elvira Nabiullina said, while cautioning that the effect is difficult to measure because much of the sector still operates in a legal and reporting gray zone. Bitcoin Mining May Support The Ruble Responding to a question at a press conference, Nabiullina said it is “probably difficult to quantify” mining’s influence “because a significant part of mining is still in a gray area.” Still, she added that mining is “indeed one of the additional factors contributing to the strong ruble exchange rate.” As Russian business news portal for RBC reported , her remarks come as Russian officials increasingly frame mining and crypto flows as macro-relevant, not just a niche tech or energy story. Earlier, Maxim Oreshkin, deputy head of the presidential administration, said ruble forecasts have been thrown off by the underestimation of financial flows tied to mining and cryptocurrency. In his view, the s...
Read more

Nigerian SEC Partners With Police To Tackle Crypto Ponzi Schemes – Details

Image
The Nigerian Securities and Exchange Commission (SEC) is maintaining an intense focus on the local cryptocurrency industry, as indicated by recent developments. While introducing minimum capital requirements for previously unregulated virtual asset service providers (VASPs), the securities regulator has also formed an alliance with the Nigeria Police Force (NPF) against cryptocurrency fraud, among other illegal operations. Nigerian SEC Looks To Improve Crypto Investors’ Protection According to local media Voice of Nigeria , the SEC is ramping up efforts aimed at investor protection and transparent market operations in the crypto ecosystem. In a recent meeting with the NPF, the Commission’s Director-General (DG), Dr. Emomotimi Agama, communicated to the Inspector General of Police (IGP), Kayode Egbetokun, concerns over malicious actors in the financial markets who exploit investors’ trust for personal gains.  Dr. Agama said: They cloak their deceit in the glamorous but misunder...
Read more