16.1 C
New York
Sunday, April 18, 2021

Bitcoin goes through third ‘halving’, falls vs USD; outlook remains upbeat

Must read

Eleven dead, 98 injured after train derails in Egypt

World21 minutes ago (Apr 18, 2021 03:21PM ET) 5/5 (C) Reuters. Train derails in Egypt in Qalioubia province, north of Cairo 2/5 CAIRO (Reuters) -Eleven people were killed...

China is studying crypto as an investment tool, says PBoC deputy governor

Cryptocurrency23 minutes ago (Apr 18, 2021 03:20PM ET) China is studying crypto as an investment tool, says PBoC deputy governor Li Bo, recently appointed deputy...

Mexican president to propose extension of welfare programs to curb migration

Commodities32 minutes ago (Apr 18, 2021 03:10PM ET) 2/2 (C) Reuters. FILE PHOTO: Arony Maude from Honduras is carried by her uncle along a motorway in...

Peak fear? Bitcoin funding rates crash to lowest levels in 7 months

Sign In/Free Sign Up 0 Cryptocurrency1 hour ago (Apr 18, 2021 02:40PM ET) Peak fear? Bitcoin funding rates crash to lowest levels in 7...


Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.

Monday’s “halving” cuts the rewards given to those who “mine” bitcoin to 6.25 new coins from 12.5. The next halving will be in 2024.

Bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the …



First Published: Tue, May 12 2020. 11:40 IST

- Advertisement -

Latest article

Eleven dead, 98 injured after train derails in Egypt

World21 minutes ago (Apr 18, 2021 03:21PM ET) 5/5 (C) Reuters. Train derails in Egypt in Qalioubia province, north of Cairo 2/5 CAIRO (Reuters) -Eleven people were killed...

China is studying crypto as an investment tool, says PBoC deputy governor

Cryptocurrency23 minutes ago (Apr 18, 2021 03:20PM ET) China is studying crypto as an investment tool, says PBoC deputy governor Li Bo, recently appointed deputy...

Mexican president to propose extension of welfare programs to curb migration

Commodities32 minutes ago (Apr 18, 2021 03:10PM ET) 2/2 (C) Reuters. FILE PHOTO: Arony Maude from Honduras is carried by her uncle along a motorway in...

Peak fear? Bitcoin funding rates crash to lowest levels in 7 months

Sign In/Free Sign Up 0 Cryptocurrency1 hour ago (Apr 18, 2021 02:40PM ET) Peak fear? Bitcoin funding rates crash to lowest levels in 7...

Israel and Greece sign record defence deal

Stock Markets22 minutes ago (Apr 18, 2021 02:20PM ET) (C) Reuters. FILE PHOTO: Israeli Defence Minister Benny Gantz wears a face mask as he looks...