Effects of the Bitcoin halving are already apparent, and that’s huge for BTC’s bull caseBTC $9419 (-0.4%) • ETH $219 (+1.9%) • XRP $0.20 (+0.2%)
Just over two weeks ago, Bitcoin experienced its third block reward reduction. The “halving,” as the event has been branded, halves the rewards miners get for processing BTC transactions from 12.5 to 6.25 coins per block. As these rewards constitute the inflation of the cryptocurrency, a halving is notable: it decreases the inflation rate of the Bitcoin monetary base by half. This latest halving decreased that inflation rate from ~3.6 percent to ~1.7 percent. Importantly to the Bitcoin bull case, the effects of the halving are already having an effect on the underlying market.
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Ethereum’s lackluster price action hasn’t stopped large investors from accumulating. Cardano (ADA) continues showing signs of strength as development activity booms
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As it stands, decentralized finance (DeFi) overtaking or rivaling Wall Street is a quixotic dream for its proponents. Featured event
The worlds no.1 3D Virtual Blockchain Conference is back. After a successful launch event in April, BlockDown 2.0 brings a host of top speakers like Akon, David Schwartz from Ripple, Jed McCaleb from Stellar & more for its summer edition. With top tier content and a 3D world that is a ton of fun to navigate, BlockDown continues to innovate by providing live translation into the hottest crypto markets - Turkish, Spanish and Chinese for a truly global audience. What else?⛏ Move over BTC futures, the world’s accredited millionaires can now profit by mining Bitcoin 🤨 One of Bitcoin’s earliest developers suggests crypto trading is all speculation and no tech Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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