RATE Group | Bitcoin ‘halving’ takes place, marking one of the biggest events of cryptocurrency’s history
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Bitcoin ‘halving’ takes place, marking one of the biggest events of cryptocurrency’s history

13 May Bitcoin ‘halving’ takes place, marking one of the biggest events of cryptocurrency’s history

Posted at 02:30h in Cryptocurrency News by

Bitcoin has passed its momentous ‘halving’ event, marking the third time in its history that the rate of producing new units of the cryptocurrency is cut in half.

At 8.23pm UK time, the 630,000th block of bitcoins was digitally mined, triggering the pre-programmed event that had been highly anticipated by the cryptocurrency industry due its impact on the price.

Blocks of bitcoin will now contain only…

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