'Halving' arrives for bitcoin miners

NEW YORK, United States — The bitcoin market on Friday engineered the "halving" of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.

With one block validated roughly every ten minutes, this critical industry event occurs just under every four years. "By slowing the rate at which new bitcoins are created, halving helps to maintain scarcity and potentially increase the cryptocurrency's value, assuming demand remains steady or increases," he added.

"This is the first time that bitcoin beat the previous historical record before the halving has even taken place," said eToro analyst Simon Peters, noting there had been a pullback in recent days. At around 0030 GMT, after the halving had taken place, the price of bitcoin was up 0.7 percent at $63,467.46.SB19 to headline Xiaomi Fan Festival 2024 happening on April 20D-Link partners with VST ECS to drive innovation, network solutionsMedia giant ABS-CBN Corp. suffered a setback in its efforts to become profitable again, tripling its net loss to nearly P10...

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