Bitcoin ‘halving’ will deal big blow to crypto miners


FILE PHOTO: Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK: For enthusiasts of bitcoin, a once-every-four-years software update called the “halving” has long been held as one of the keys to propping up its value.

This time around, it’s also set to trigger multi-billion-dollar declines in revenue for the very companies that ensure the digital currency’s smooth functioning, right on the heels of a surge in their biggest costs.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read