Bitcoin traders are anticipating an event known as 'the halvening,' where the rewards to so-called bitcoin miners are cut in half.
Key Points
Currently, the number of bitcoins rewarded to miners stands at 12.5. By May 2020, the reward will be cut in half to 6.25 bitcoins. In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is displayed on April 03, 2019 in Paris, France.has been on a tear this year, rising almost 200% since the start of the year. There are multiple theories as to why, and one in particular is gaining traction.
Currently, the number of bitcoins miners are rewarded in stands at 12.5. The rewards are halved every few years to keep a lid on inflation. By May 2020, experts say, the reward per miner will be cut in half again, to 6.25 new bitcoins.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Raconteurs Play 200-Capacity Album Release Show: See the PhotosCheck out all the photos from TheRaconteurs 200-capacity album release show
Read more »
Bitcoin and Crypto Surges, Madonna's Hit New Album, Roger Federer Seeded Above NadalCryptocurrencies rallied over the weekend, with Bitcoin passing the $10K mark; Madonna's new album snags 1 on the Billboard 200; several billionaires call for a wealth tax. All this and more in today's DailyDozen
Read more »
What Is Your Favorite Madonna Billboard 200 No. 1 Album? Vote!It's official: Madonna has claimed her ninth No. 1 album on the Billboard 200 chart with her latest release, Madame X.
Read more »
Mississippi loses hundreds of teachers due to licensing issue, underscoring national problemOne of the largest school districts in Mississippi is losing more than 200 teachers over the summer because they did not fulfill the requirements of an alternative license program.
Read more »