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Bitcoin XBTUSD halving reduces the supply of new tokens posing a threat to miners
A highly anticipated one Bitcoin A software update called “halving” has been completed, dealing a potential blow to companies that make money by ensuring the digital currency works smoothly and securely.
The event, which takes place every four years, halved the so-called mining reward, or the amount of Bitcoin released by the network to compensate companies known as miners for validating transactions. The change went into effect as of 8:10 pm Friday night Eastern time, according to data from the analytics website mempool.space and Blockchain.com. The price of Bitcoin remained little changed near the $64,000 level following the halving.