Industry Executives Weigh In on Bitcoin Halving Effect
The day of the halving is here and the event is certain to influence the price of bitcoin at a time when the value of the cryptocurrency has spiked nearly 50% since the turn of the year. It is the day of the second halving event in bitcoin’s history, one which will see miners’ block rewards halve from 25 to 12.5 bitcoins. Industry executives weighed in to have their say on the halving event. Sheffield Clark, CEO of Bitcoin ATM network Coinsource is bullish on the immediate price effects induced by the halving. I believe it will definitely lead to some spurts of volatility with the....
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The bitcoin price has increased nearly 50% since January 1. While the year has been tumultuous economically for the world, an upcoming network event called a Bitcoin halving could have had price implications and led to the big gains for Bitcoin price. Though, based on the only historical halving, which took place in 2012, the unsurprising nature of the halving event could limit price volatility. At least for now. What is the Bitcoin halving? Using computers to contribute transaction data to the bitcoin blockchain, miners must provide a proof of work to receive a Bitcoin block reward for....
Experts weigh in on the main events from 2020 that impacted Bitcoin’s price the most. From the COVID-19 pandemic to mass-scale money printing and social unrest, 2020 was a wild year. Alongside a barrage of newsworthy events, Bitcoin (BTC) also turned in a standout year in the price category, ultimately rising from $3,600 to past $41,950, besting its 2017 all-time high of $19,892. A number of events, both crypto-specific and mainstream, appeared as catalysts for Bitcoin’s price action. Several crypto industry players weighed in on the events they believe affected BTC’s price action the most....
The Bitgesell halving just took place yesterday, March 28th, and will focus on putting a deflationary economic model in place just like Bitcoin did after its halving. Here’s everything you need to know about the Bitgesell halving, the coin itself, and what lies ahead post-halving. What To Expect Now That The Bitgesell Halving Has Happened Bitgesell, a young but novel blockchain project founded by Emma Wu, relies on a spinoff of the original Bitcoin codebase, […]
The long-awaited fourth Bitcoin halving finally occurred after BTC posted its 840,000th block. This event is significant as it is expected to have several implications for the Bitcoin ecosystem and the crypto market going forward. What To Expect Following The Bitcoin Halving The Bitcoin halving slashed miners’ rewards from 6.25 BTC to 3.125 BTC for each block mined. This means that Bitcoin miners are set to earn a reduced income of 450 BTC instead of the 900 BTC they earned before the fourth halving. This development is expected to have a dire effect on their operations, as NewsBTC....