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Quick Take Block 840,000, the fourth ever Bitcoin halving block, has been confirmed — though it could possibly change. The halving block appears to be from the crypto mining pool ViaBTC with a 37.6256 BTC ($2.3 million) fee.
The landmark occasion sees a reduction in Bitcoin miner rewards, dropping from 6.25 BTC per mined block to 3.125 BTC.
Bitcoin’s fourth halving event has completed, ushering in a new epoch for the network. Bitcoin’s block subsidy reward for miners has dropped from 6.25 BTC to 3.125 BTC.
A DAO called Own the Doge has purchased the iconic image of Shiba Inu Kabosu, which has inspired a slew of famous memes popular in the crypto community. The organization didn’t disclose the price it paid to acquire the image.
Entrepreneur Mark Cuban noted that the bitcoin halving will have a direct impact on revenue for bitcoin miners.But he said the more interesting question was how AI would impact the mining industry.
Short-term “sell the news” reactions could follow new BTC price peaks months from now, industry watchers say — but only if history repeats itself
The crypto giant is experiencing a price recovery following a major slump.
