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👀 What Happened After Last Year's BTC Halving?

Learn all its effects along with the latest news of the crypto market!

Hey Blockster, It's Wednesday, and we are here to get you up-to-date with the latest stories of the cryptocurrency industry. Are you ready? Let's get started then! A Year Later – A Look at Bitcoin's Halving Bitcoin halving (also known as "halvening") is among the most important events of the crypto space that always has a significant impact on the digital asset market. Taking place roughly every four years (every 210,000 blocks), halving is Bitcoin's deflationary mechanism that reduces the amount of BTC mined with each block by 50%. As a result, while miners generate much fewer rewards than before, Bitcoin halvening cuts the flow of new BTC production in half. But why is this so important for everyday crypto users? Based on the law of supply and demand, an asset's price increases if the demand exceeds the supply (and vice versa). The instrument's value also surges if the demand stays the same but the supply – or the rate at which new supply is produced – decreases. In the case of last year's halvening, the latter statement is what best applies to Bitcoin. On May 11, 2020, miners' rewards decreased from 12.5 BTC to 6.25 BTC per block. As a result, there are 50% less new coins produced each year until the next halving. In addition to a reduction to Bitcoin's inflation rate, the crypto market has experienced increased adoption, which drove up the demand for BTC. And this is why last year's Bitcoin halvening was a major force behind the cryptocurrency's astonishing 620% ROI between May 2020 and April 2021. However, besides starting a new bull cycle, the BTC halving had other important impacts on the industry. To learn what they were, we recommend reading this super informative article on Blockdesk. Wednesday's Crypto Digest Before you close your email app and do your other stuff, don't forget to read these exciting crypto stories we have for you today: Are There Really Crypto Cards Out There? – Crypto cards offer a convenient way for users to spend their coins without converting them to fiat to withdraw to their bank accounts. But how do these solutions work, and what are the benefits of getting one? Binance is on the Ropes – Will it Survive the Regulatory Onslaught? – The popular crypto exchange Binance is under heavy scrutiny from regulators worldwide, which has caused quite some headaches for the company. The question now is: will Binance manage to survive in the end? Elon Musk Owns Ethereum, Bitcoin, and Doge – The Crypto World Reacts – Tesla chief Elon Musk has recently become a prominent crypto advocate this year. And a few days ago, we have learned which cryptocurrencies the billionaire holds in his portfolio. Vitalik Buterin is Working on a Crypto Documentary - Here's What We Know – Did you know that the first-ever documentary dedicated solely to Ethereum is in production? Yep, that's right. And, among other things, it is expected to feature in-depth interviews with prominent individuals, such as co-founder Vitalik Buterin, behind the leading smart contract blockchain. Exciting stories, huh? Don't worry, we will return with more tomorrow. See you then! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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