Digital Currencies incl NFT etc. 03; (Mar 23 - Dec 26)

[winston]

What is bitcoin's 'halving', and does it matter?

The halving is a change in bitcoin's underlying blockchain technology, designed to reduce the rate at which new bitcoins are created.

Capped supply of 21 million tokens. So far, about 19 million tokens have been released.

At the halving, the amount of bitcoin available as rewards for miners is cut in half. This makes mining less profitable and slows the production of new bitcoins.

There is no set date, but it is expected to take place in late April.

The blockchain is designed so that a halving occurs every time 210,000 blocks are added to the chain. This means it happens roughly every four years.

There's no evidence to suggest that previous halvings have caused bitcoin's price to rise.

An earlier halving occurred in July 2016. Bitcoin rose around 1.3% in the following week, before plunging a few weeks later.

Source: Reuters

https://www.thestar.com.my/tech/tech-ne ... -it-matter

[behappyalways]

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, to pay $11 billion in forfeiture
https://www.cnbc.com/2024/03/28/live-up ... ncing.html

[winston]

Bitcoin ‘halving’ will deal a US$10b blow to crypto miners

By David Pan

For enthusiasts of bitcoin, a once-every-four-years software update called the “halving” has long been held as one of the keys to propping up its value.

This time around, it’s also set to trigger multibillion-dollar declines in revenue for the very companies that ensure the digital currency’s smooth functioning, right on the heels of a surge in their biggest costs

Around April 20, the halving will cut the amount of bitcoin that “miners” can earn each day for validating transactions to 450 from 900 now.

Source: Bloomberg

https://theedgemalaysia.com/node/707856

[behappyalways]

Crypto World: The Bitcoin Halving Is Set To Shake Up The Crypto’s Price And The Network’s Miners
https://m.youtube.com/watch?v=2o2F1Y5YXjI

[behappyalways]

Binance founder Changpeng Zhao gets four months in prison
https://www.theedgesingapore.com/news/c ... ths-prison

[behappyalways]

Fidelity: Pension Funds Exploring Bitcoin Investments On ETF Approval
https://www.zerohedge.com/crypto/fideli ... f-approval

[behappyalways]

So how did FTX creditors - who typically receive just pennies on the dollar for their holdings - luck out so tremendously, and most of them will actually make money following the bankruptcy? Simple: as we hinted in March, FTX has benefited from a historic rally in cryptocurrencies including Solana, a token heavily backed by convicted fraudster and FTX founder Sam Bankman-Fried (in fact, some have wondered if the tremendous ascent of Solana - a B-grade token which traditionally crashes every few months, and is generally the laughing stock within the crytpo community - wasn't another market manipulation meant to generated 100%+ recoveries).

Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed
https://www.zerohedge.com/crypto/credit ... y-are-owed


These Are The Countries With The Highest Rates Of Crypto Ownership
https://www.zerohedge.com/crypto/these- ... -ownership

[winston]

by behappyalways:-

These Are The Countries With The Highest Rates Of Crypto Ownership

https://www.zerohedge.com/crypto/these- ... -ownership

[behappyalways]

Chinese FX Outflows Soar To Highest Since 2015 Devaluation, Priming Next Bitcoin Surge
https://www.zerohedge.com/markets/chine ... coin-surge

[behappyalways]

52% Of Top US Hedge Funds Own Bitcoin ETFs
https://www.zerohedge.com/markets/52-to ... e_vignette