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In an imminent event poised to upturn the world of cryptocurrency, this week will see the next Bitcoin Halving. This event will see Bitcoin miners rewards cut in half, from an existing 6.25 BTC to 3.125 BTC. As the pulse of the crypto-world quickens in anticipation, miners around the globe are bracing for a substantial loss of revenue following this halving event.

A report from Bloomberg paints a vivid picture of the potential losses. Bitcoin miners, who currently earn approximately 900 BTC daily from validating transactions, could stand to lose up to $10 billion annually. Once the Halving occurs, their daily income would dramatically plunge to 450 BTC. It is important to contextualize these staggering figures by acknowledging their projection is based on the current market rate of Bitcoin.

Although this loss of revenue could be softened if Bitcoins price experiences a sharp upturn following the Halving, miners understand that this is not a strategy on which to build long-term sustainability since they are likely to face subsequent bear markets. Such market downturns would inevitably lead to a decline in the price of Bitcoin.

This understanding has influenced larger mining operatives, such as Marathon Digital and CleanSpark, to take proactive steps to weather the upcoming upheaval. These miners reportedly have been investing in new equipment while simultaneously trying to edge out competition by purchasing smaller mining operations. This strategy could theoretically decrease the number of miners fighting for block rewards, and in doing so, soften the blow of losses in daily revenue.

Previous reports have also highlighted efforts amongst Bitcoin miners to diversify their range of operations, thereby enhancing revenue streams and creating additional income to buffer the impacts of the Halving. One promising avenue is the artificial intelligence sectoran industry well-suited to utilize the existing Bitcoin mining infrastructureand Bitcoin miners are eagerly seizing these opportunities.

The twists and turns of the crypto-sphere do not end there, however. The Bloomberg report also unveiled that US Bitcoin miners are grappling with unexpected competition in the fight for energy. Some of the worlds largest tech companies are vying for the same source of electricity to power their data centers, pitting these tech giants against Bitcoin miners.

Against the backdrop of these competitive pressures, there is a surge in electricity rates, further fueled by energy constraints within the US. Consequently, its becoming increasingly arduous for Bitcoin miners to maintain smooth operations within the country. Major tech companies often have the upper hand over Bitcoin miners in securing power due to their more consistent revenue streams compared to the volatile price-dependent success of Bitcoin miners.

In conclusion, casting our eyes to the Bitcoin price chart, it appears that many cryptocurrency enthusiasts are bullish about reclaiming control. Of course, like any form of investing, the crypto-world is not without its risks, and its essential that individuals do their homework and invest wisely. As with everything, the outcomes reside in the hands of the market and time itselfits a fascinating ride, indeed.

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Bitcoin Halving Set to Shake Cryptocurrency World, Miners Brace for Massive Revenue Drop - West Island Blog

The Bitcoin (BTC) Halving Phenomenon

Bitcoin (BTC) halving is a predefined event that reduces the reward for mining new blocks by half, occurring approximately every four years. This mechanism, part of Bitcoins (BTC) original design, aims to control inflation and extend the currencys issuance over a longer period. As the rewards decrease, the scarcity of Bitcoin (BTC) increases, which historically has led to significant price fluctuations and increased market volatility.

Implications for Bitcoin (BTC) and Broader Market

The halving event is often associated with bullish runs for Bitcoin (BTC), as reduced supply tends to push prices up if demand remains steady or increases. However, the uncertainty surrounding these periods can cause ripple effects across the entire cryptocurrency landscape, influencing other major cryptocurrencies like Cardano (ADA) and nascent tokens such as Option2Trade (O2T).

Cardano (ADA) in the Face of Bitcoin (BTC) Halving

Cardano (ADA), known for its robust technology and scientific approach to blockchain development, might experience indirect impacts from the Bitcoin (BTC) halving. Investors might shift their strategies, pulling resources from Cardano (ADA) to position in Bitcoin (BTC) or alternative investments like Option2Trade (O2T) that could capitalize on the markets movements. The anticipation and speculative nature surrounding the halving often lead to increased volatility, where Cardano (ADA) could either benefit from capital rotations or suffer temporary setbacks as funds flow into Bitcoin (BTC).

Option2Trade (O2T): A Rising Star Amidst Uncertainty

Amidst this backdrop, Option2Trade (O2T) presents itself as a compelling investment alternative. With its innovative approach to decentralized finance, blending AI-driven trading solutions with robust community governance, Option2Trade (O2T) is positioned to attract attention from both Bitcoin (BTC) and Cardano (ADA) investors looking for diversified exposure in the crypto market. The unique value proposition of Option2Trade (O2T), especially during times of uncertainty like the Bitcoin (BTC) halving, highlights its potential for exponential growth.

Why Option2Trade (O2T) Could Outshine Bitcoin (BTC) and Cardano (ADA)

As Bitcoin (BTC) undergoes its halving, and Cardano (ADA) navigates the resultant market dynamics, Option2Trade (O2T) could emerge as a more stable and promising option due to its innovative features and potential for high returns. The platforms commitment to leveraging advanced technology to enhance trading efficiency and profitability makes Option2Trade (O2T) an attractive alternative for those concerned about the post-halving volatility of traditional cryptocurrencies like Bitcoin (BTC) and Cardano (ADA).

Strategic Moves for Cardano (ADA) and Option2Trade (O2T) Investors

For investors holding Cardano (ADA) or contemplating an entry into Option2Trade (O2T), the Bitcoin (BTC) halving presents a strategic inflection point. Diversifying into Option2Trade (O2T) could provide a hedge against the volatility while offering the potential for significant gains. Similarly, maintaining a position in Cardano (ADA) might benefit those looking for stability and long-term growth in a project backed by a strong scientific and technological foundation.

Conclusion: A New Chapter for Crypto Investments

As the Bitcoin (BTC) halving approaches, the cryptocurrency market is on the cusp of another transformative period. For Cardano (ADA) and Option2Trade (O2T) alike, this event will test their resilience and adaptability. While Bitcoin (BTC) remains a key player, the innovative solutions offered by Option2Trade (O2T) place it as a potential leader in the next wave of cryptocurrency investments, promising both stability and high-yield opportunities in a fluctuating market. As investors continue to evaluate their portfolios, Option2Trade (O2T) stands out as a beacon of potential in a sea of uncertainty.

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Disclaimer: The views expressed on this page are those of the author and not of The Portugal News.

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Bitcoin (BTC) Halving Creates Uncertainty In the Cryptocurrency Market, How will This Affet Cardano (ADA) and 2000x ... - The Portugal News

The Metropolitan Museum of Art said on Tuesday it has returned a Sumerian sculpture dating from the third millennium B.C. to Iraq and described the repatriation as a product of the museums more intensive efforts to review the provenance of items in its collection.

The ancient artifact had been in the museums collection for nearly 70 years.

The Met is committed to the responsible collecting of antiquities and to the shared stewardship of the worlds cultural heritage, Max Hollein, the museums director, said in a statement. We are honored to collaborate with the Republic of Iraq on the return of this sculpture, and we value the important relationships we have fostered with our colleagues there.

Museum officials did not address what research had led to the return of the copper alloy sculpture, titled Man Carrying a Box, Possibly for Offerings. The museum said the artifact dates from around 29002600 B.C, and had been part of its collection since 1955 when it was bought by the museum.

The Met said the artifact had been on display there in recent decades until some galleries were closed and the works removed during renovations beginning in January 2023. The figure had also been included in special exhibitions at the Met and elsewhere, it said. The artifact was possibly a temple object depicting the figure of a nude man carrying a box on his head, possibly an offering.

After provenance research by the Museums scholars established that the works rightfully belong to the Republic of Iraq, the Museum met with H.E. Nazar Al Khirullah, Ambassador of the Republic of Iraq to the United States of America and offered to return the work, the museum said in a news release. The return of the statue was marked by a ceremony in Washington, D.C., attended by Prime Minister Mohammed Shia al-Sudani.

The Met last year announced a major new effort to scour its collections for looted art after facing increasing scrutiny from law enforcement officials, academics and the news media over the degree to which its collection included objects that had possibly been stolen.

It announced a decision to hire a provenance research team, and last month said it had appointed a Sothebys executive, Lucian Simmons, to fill the newly created position of head of provenance research, starting in May.

Like museums all over the world, the Met has been buffeted in recent years by growing calls to restitute works that law enforcement officials and foreign governments have said it has no right to.

In recent years, for example, the Manhattan district attorneys office has seized dozens of antiquities from the museum to return them to countries including Turkey, Egypt and Italy.

As part of a new push for transparency, the details of all returned objects, like the Iraqi artifact, will remain on the Mets website even after repatriation, it said.

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The Met, Amid an Audit of its Holdings, Returns an Ancient Statue to Iraq - The New York Times

Were really pleased that youve read X Times of Israel articles in the past month.

Thats why we started the Times of Israel eleven years ago - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.

So now we have a request. Unlike other news outlets, we havent put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.

For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.

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Footage shows Iranian Shahed 136 drone flying over Iraq en route to Israel - The Times of Israel

The U.S.-designated terrorist group is the most significant player in the Popular Mobilization Forces, which is supposed to be under the command of Prime Minister Sudania fact that U.S. officials sometimes forget.

When American forces killed Kataib Hezbollah (KH) members in Iraq on February 3 and 7, the Pentagon was at pains to claim, incorrectly, that the United States was not targeting members of the Popular Mobilization Forces (PMF), an institution that is legally under the prime minister's command and funded through the PMF Commission, also under the premier's authority. U.S. officials should be careful not to obfuscate these facts, particularly amid Prime Minister Mohammed Shia al-Sudani's first White House visit and other significant bilateral discussions.

On February 5, Pentagon press secretary Maj. Gen. Patrick Ryderstated, The folks that we're striking are not part of the PMF." Yet Sudani visited wounded PMF troops after the February 3 strike. Similarly, on February 8, Ryder noted that the KH commander killed bythe previous day'sU.S. airstrike was not a member of the PMF, he's a Kataib Hezbollah commander. Again, the facts showed otherwise: the slain official in question, Abu Baqr al-Saeedi, was an advisor to the commanders office at the PMF Central Security Directorate, which is led by the U.S.-sanctioned KH terrorist and human rights abuserAbu Zainab al-Lami (real name Hussein Falah Aziz al-Lami). Indeed, Abu Baqrs PMF identification card was shown after his death.

Both during and after Sudani's landmark Washington visit, it is important to restate the facts regarding the direct relationship between KH, the Prime Minister's Office, and the broader Iraqi government:

KH is directly responsible for numerous crimes and attacks against American targets, most recently:

Again, it is crucial that U.S. officials, congressional representatives, and media organs ask Sudani to clarify his relationship with the designated terrorist group KH. As commander-in-chief of the PMF, he could expel KH members from the force and cease paying them with a mere pen stroke, but he has not done so. Nor has he pursued human rights abusers, killers, and kidnappers within the KH contingent of Iraqs security forces, or secured Elizabeth Tsurkov'srelease one year after she was seized by a group supposedly under his authority.

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Kataib Hezbollah is Part of Iraq's PMF - The Washington Institute