Bitcoin network completes fourth-ever ‘halving’ of rewards to miners

Bitcoin network completes fourth-ever ‘halving’ of rewards to miners

The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin has been volatile ahead of the event, and fell about 4% this week to trade around $64,100, according to Coin Metrics. The event is a big test for mining companies, … Read more

Bitcoin Bounces Back: Cryptocurrencies Rebound After Tuesday’s Sell-Off

Bitcoin Bounces Back: Cryptocurrencies Rebound After Tuesday’s Sell-Off

Cryptocurrencies rebound after previous day’s sell-off Selim Korkutata | Anadolu Agency | Getty Images Cryptocurrencies recover, Bitcoin surges over 7% Cryptocurrencies bounced on Wednesday, recovering much of the losses from the previous day’s sell-off, which came soon after bitcoin hit an all-time high. According to Coin Metrics, Bitcoin jumped 7.2% to $66,801.38, while ether rocketed … Read more