RATE Group | This week in crypto: Bitcoin prepares for halving, Libra appoints CEO
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This week in crypto: Bitcoin prepares for halving, Libra appoints CEO

10 May This week in crypto: Bitcoin prepares for halving, Libra appoints CEO

Posted at 18:04h in Bitcoin News by

This week in crypto, the Bitcoin world prepared for Tuesday’s halving of the block reward, and the Libra Association appointed its first CEO. In the real world, countries began to ease measures designed to counteract the spread of the coronavirus pandemic after their citizens cried for freedom. But why live in the real world when you can wallow in cryptopia?

Bitcoin hits $10,000 ahead of Tuesday’s Bitcoin halving

This week, the Bitcoin world prepared for the upcoming Bitcoin halving, which is predicted to take place on Tuesday.

In the Bitcoin halving, the amount of Bitcoin that miners receive for minting new Bitcoin into existence will halve. This occurs roughly every four years and has historically been associated with a price rise.  

While non-Bitcoiners sneer with cynicism at the much-hyped event, others are preparing for the halving by buying up lots of Bitcoin and preparing trades. The price even hit $10,000 a few times this week, before a flash crash on Saturday sent…

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