3. The Bitcoin Halving Has Taken Place, So What Happens Now?

The third of the bitcoin halving, which occurs every four years, took place on May 12 . With the halving, the block reward, which circulates every 10 minutes, decreased from 12.5 to 6.25 bitcoins. Therefore, it will be 900 bitcoins instead of the pre-halving daily production amount of 1800 bitcoins. Overall, reduced supply makes circulating bitcoins, which are limited, more in demand.

The Bitcoin halving mechanism was originally planned and integrated into the protocol by Satoshi Nakamoto to create supply limitations. Supply limitation sharply reduces the inflation rate of bitcoin in circulation.

Bitcoin Popularity

According to Google Trends data, an intense increase was observed in the research of bitcoin topic before the halving. It was noted that 7 of the 10 most researched countries were from the European region. The most surprising country among the trending countries was Nigeria, Africa’s largest economy. 

Although a decline in price was observed before the halving, periodic rises were seen after past halving processes, but it is not possible to draw a definite scenario that is known. 

What Will Be the Final Status of Bitcoin Miners?

Mining refers to the introduction of new bitcoins into circulation as a reward for contributing to the network by miners with computing resources. If the number of miners present on the network increases or decreases, it regulates the difficulty of mining a bitcoin in 2 weeks, or the equivalent of 2,016 blocks, if we accept the block creation time on the network as exactly 10 minutes. According to the arrangement , it decreases or increases the hash rate. After the halving, the hash rate drops as some miners stop mining, which can lead to delays in transactions as the difficulty will remain the same until the system update. 3. The hash difficulty record was also broken as miners worked as hard as they could to earn more before the halving. Given the current situation, if the costly miners withdraw from the system, the mechanism will reduce the hash rate. Therefore, since mining will be easier, the power consumption of the devices will decrease and the transaction volume will increase. Again, blocks are formed in 10 minutes, but bitcoin mining is less costly.

What Is RWA in Crypto?
RWA means Real World Asset in crypto. It refers to physical or traditional financial assets made digital and available on blockchains. Imagine owning part of a building, a bond or a piece of artwork through crypto tokens. That simple step merges real-world value with DeFi innovation. These assets have become a hot topic in DeFi because they bring fresh use cases to the space. They let you access things...
Solana Staking ETF, a First in the US, Now Available for Trading - Ripple Applies for US Banking License
Solana Staking ETF, First in the US, Opens for Trading The REX-Osprey Solana + Staking ETF (SSK), developed in collaboration with REX Shares and Osprey Funds, has become the first crypto staking ETF to start trading in the US. The fund, which started trading at $ 25.47 on the Cboe exchange, offers investors both exposure to the Solana (SOL) price and the opportunity to earn staking returns on the Solana...
Grayscale’s Mixed Crypto ETF Gets SEC Approval – SEC Plans to Speed Up Crypto ETF Process
SEC Approval for Grayscale’s Mixed Crypto ETF The U.S. Securities and Exchange Commission (SEC) has “expedited” approval for Grayscale’s Digital Large Cap Fund, which is comprised of 80% Bitcoin, 11% Ethereum, and the rest altcoins like Solana, Cardano, and XRP, to convert into a spot ETF. The fund, which currently trades over-the-counter (OTC), will now be available for exchange-trading. The move...
First Solana ETF with Stake Rewards Coming to the US - Robinhood Expands Crypto Move with ETH-SOL Staking and Tokenized Shares
First Solana ETF with Staking Rewards Coming to the US Rex Shares and Osprey Funds are preparing to launch the first US ETF that offers direct exposure to Solana and staking rewards. The fund, announced as the “Rex-Osprey Solana + Staking ETF,” will hold SOL assets through a subsidiary in the Cayman Islands and aim to generate returns by staking at least 50% of those assets. Unlike traditional spot...
What is the Travel Rule?
With the introduction of crypto assets into our lives, many habits in the financial system are changing. However, these new technologies also bring some risks. Anonymous transactions, uncontrolled money transfers, and regulatory gaps. This is exactly where the “Travel Rule” comes into play. Developed to increase transparency in financial transactions and prevent illegal activities, this rule is starting...


Create an account

Now create an account where you can use your knowledge.