NEW YORK (AP) — 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” occurred Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907. Now, all eyes are […], NEW YORK (AP) — 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” occurred Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907. Now, all eyes are on what will happen down the road. Beyond bitcoin’s long-term price behavior, which relies heavily,
from Newsnation
2024-04-19