• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
ledger nano x crypto
Advertisement

Why Crypto Mining Firms Will Be More Secure Due To A Ledger And Blockware Partnership

Reynaldo Marquez by Reynaldo Marquez
1 year ago
in Crypto News
0
Advertisement
Advertisement

Ledger Enterprise and Blockware Solutions have partnered to help secure the crypto mining sector at scale. The cooperation will enable Blockware’s client to leverage Ledger’s “world-class security and highly customizable governance workflows”, according to a press release shared with Bitcoinist.

Related Reading | Bitcoin 2022 Miami Preview: What To Expect From Crypto’s Biggest Conference

Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.

The crypto mining sector has experienced a massive expansion in the past years as more people adopt digital assets. In 2021, miners were forced to migrate out of China. The country imposed a full-on ban on its operations.

A lot of companies moved to the United States which has become a major hub in crypto mining. As the sector expands, so does the demand for security solutions at scale. Ledger and Blockware have set out to meet this demand. Warren Roger, Chief Financial Officer at Blockware Solutions said:

Ledger is a titan in the digital asset world and we are proud to partner with one of the industry’s best. Financial institutions are looking towards mining as a way to expand their exposure in cryptocurrencies, while looking for security, transparency, and a seamless experience that helps manage their investments in this emerging sector.

In the U.S., institutional exposure to Bitcoin and other digital assets is limited. Therefore, many investors turn to public mining companies, such as Riot Blockchain, Marathon, and others, to gain indirect exposure to the price of digital assets.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The performance of these companies is correlated to their underlying assets. Thus, securely holding these assets is fundamental to guaranteeing their sustainability. Roger added:

(…) It is imperative that guardrails are established to help protect investors as they engage in this new economy that offers exciting growth opportunities. We look forward to working with Ledger as we expand our operations to meet the needs of today’s investors.

Blockware’s clients will be able to access security infrastructure that will aid them in safely controlling their digital assets with a “multi-authorization self-custody management solution”, according to the press release.

In addition, the partners will collaborate on the Blockware Intelligence platform with popular analyst William Clemente. This collaboration will provide mining firms with educational material on how to protect their assets.

Crypto Mining Firms To See A Relief In 2022

Since the start of 2022, crypto mining companies have been trading in the red. These companies took a hit during this period as Bitcoin’s price trades flat, according to Arcane Research.

Crypto mining
Source: Arcane Research

As seen below, Riot Blockchain, one of the largest digital asset miners, has benefited from this expansion. By using the RIOT’s stock price as a proxy for the sector, it’s easier to visualize this growth in the crypto mining sector.

crypto mining bitcoin miami
RIOT moving sideways for the past months, after a rally on the daily chart. Source: RIOTUSD Tradingview

RIOT’s price hit a multiyear high at around $80 before trending to the downside. The stock has been moving sideways ever since that dropped as Bitcoin and other largest cryptocurrencies.

Related Reading | 40,000 Years For Crypto Scam: A Turkish Prosecutor Seeks Harshest Jail Time For CEO At Large

However, RIOT and other mining companies seem poised to benefit from further appreciation in the crypto market. With less uncertainty around the U.S. Federal Reserve (FED) monetary policy, this possibility seems to be gaining strength and could be moving into action. Arcane Research concluded:

Still, the miners have seen substantial recoveries as to the bitcoin price has rebounded over the past two weeks. Most of these stocks have followed each other closely, as they all are highly correlated to bitcoin.

 


Bitcoinist bitcoin 2022 miami bannerBitcoinist @ Bitcoin 2022 Miami

Bitcoinist will be at Bitcoin 2022 Miami in Miami Beach, FL from April 6th through 10th reporting live from the show floor and related events. Check out exclusive coverage from the world’s largest BTC conference here.


ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Reynaldo Marquez

Reynaldo Marquez

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Related Posts

Gemini

Gemini And Genesis File Motion To Dismiss SEC Lawsuit Over Defunct Earn Offering

21 mins ago
Crypto

Dubai Watchdog Sounds The Alarm On Crypto Regulatory Blind Spots

1 day ago
CBDC

Microsoft And Visa Join Forces In Brazil CBDC Pilot Initiative

2 days ago
French Lawmakers Move to Relax Regulations in Proposed Crypto Influencer Bill

French Lawmakers Move To Relax Regulations in Proposed Crypto Influencer Bill

2 days ago
Floki Inu

Floki Inu (FLOKI) Joins Binance TR: Will The Listing Spell Price Boost Or Flop?

2 days ago
Circle

Circle Launched New Stablecoin On The Avalanche Blockchain

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • 3 Reasons Why You Should Buy DigiToads (TOADS), Monero...

    33 mins ago
  • Upcoming Presale Alert: Tradecurve (TCRV) Set to Dominate...

    16 hours ago
  • Unstoppable Energy of Tradecurve (TCRV) Presale Puts...

    16 hours ago
  • Sparklo (SPRK) Presale Gathers Support, PancakeSwap (CAKE)...

    16 hours ago
  • Dogecoin (DOGE) Fails to Capitalize on DRC-20 Hype...

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.