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Cryptocurrency world braces for bitcoin ‘halving’ event

From news.com.au

Bitcoin users are looking forward to a one-in-every-four-year event where the digital token’s new supply is essentially cut in half, which in the past has caused its value to skyrocket. Known as a bitcoin halving, like the Olympics, it occurs every four years and is used as a way to keep the digital coin valuable and still in high demand without overpopulating the market with it. Although the supply of existing bitcoin isn’t actually halved, the future supply is made a lot harder to access. How it works is that crypto miners receive half as many incentives to mine the digital currency, thereby reducing its new ... (full story)

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  • Category: Fundamental Analysis