Bitcoin’s latest ‘halving’ has arrived. Here’s what you need to know
Baltimore Sun - 2 days agoBusiness
The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world’s largest cryptocurrency, again. Bitcoin’s latest “halving” appeared to occur Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907. The move could have a lot of implications, from the price of the asset to the day-to-day operations of bitcoin miners themselves. And, as with everything in the cryptoverse, the future is hard to predict. Beyond its infamous volatility, bitcoin is still a relatively young asset. This next halving will be only the fourth to take place since the digital currency’s 2009 launch.