SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Julius Wong4/21/2024 8:00:21 AM
1 Recommendation

Recommended By
Return to Sender

   of 8261
 
Bitcoin halving takes effect bringing a new era for crypto

Apr. 20, 2024 9:03 AM ET
By: Dulan Lokuwithana, SA News Editor

N Rotteveel/iStock Editorial via Getty Images

Bitcoin ( BTC-USD) went through its fourth halving event late Friday following a quadrennial software update in blockchain, marking a highly anticipated catalyst for the world’s highest-profile cryptocurrency.

With the 840,000th block posted to the Bitcoin blockchain, the so-called mining rewards offered to miners for validating transactions were slashed in half, leading to a significant reduction in newly issued coins.

Analytics site Blockchain.com confirmed that the modification went into effect at 8:10 p.m., an event that could cut the Bitcoin miner rewards to 3.125 BTC from 6.25 BTC per mined block.

The overall halving process was scheduled to end at 9:40 p.m. Ahead of the event, H.C. Wainwright analyst Mike Colonnese predicted that halving could be a positive for the price of bitcoin ( BTC-USD) due to supply-side constraints.

However, citing geopolitical tensions and inflationary concerns, he didn’t rule out short-term pressure on mining stocks ( MARA), ( RIOT), ( HUT), ( HIVE), ( BTBT), and ( BITF).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News