Bitcoin’s highly anticipated ‘halving’ event takes place

News Snapshot:

Bitcoin's rare halving event has taken place, according to crypto analysis firm CoinGecko. It slashes the number of new Bitcoin entering the market by cutting the rewards earned by Bitcoin miners by 50%. Taking place roughly every four years, it's designed to cap supply at 21 million by 2140. It means just 450 Bitcoin will now be created each day. Halvings also took place in 2012, 2016 and 2020 - and the mechanism was written into Bitcoin's code when it was first created. The cryptocurrency's price remained stable at $63,747 (£51,531) after the halving, with analysts saying the anticipated event...