[Ads-l] halving (crypto) (2011)

[Barretts Mail]

1. https://www.forbes.com/sites/cbovaird/2019/05/24/litecoin-climbs-16-to-reach-highest-since-mid-may/#520c40291d1e <https://www.forbes.com/sites/cbovaird/2019/05/24/litecoin-climbs-16-to-reach-highest-since-mid-may/#520c40291d1e>
Litecoin Climbs 16% To Reach Highest Since Mid-May
Charles Bovaird
24 May 2019

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Litecoin enjoyed some sharp gains today, pushing higher as the digital currency benefited from tailwinds such as the upcoming halving.

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Litecoin and bitcoin FOMO is in again, and it is likely due to their upcoming halvings, litecoin in August and bitcoin next May.

The term “halving” in this crypto sense is not in the OED, Wiktionary or Wikipedia. It is also called a “halvening” (citation 6).

2. https://www.wired.com/2011/11/mf-bitcoin/ <https://www.wired.com/2011/11/mf-bitcoin/>
The Rise and Fall of Bitcoin
Benjamin Wallace
23 Nov 2011

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At preset intervals, an algorithm releases new bitcoins into the network: 50 every 10 minutes, with the pace halving in increments until around 2140.

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In addition, the size of each block bounty would halve every 210,000 blocks—first from 50 bitcoins to 25, then from 25 to 12.5, and so on.

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3. https://cryptobriefing.com/pricing-in-the-bitcoin-halving-how-miners-are-the-key-to-major-upswings/ <https://cryptobriefing.com/pricing-in-the-bitcoin-halving-how-miners-are-the-key-to-major-upswings/>
Pricing In The Bitcoin Halving: How Miners Are The Key To Major Upswings
Zach Wheeler
16 Jun 2019

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The second Litecoin halving will take place on August 6th, and the next Bitcoin halving is in less than a year.

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4. https://www.coindesk.com/breaking-bitcoin-price-tops-10k-for-first-time-since-2018 <https://www.coindesk.com/breaking-bitcoin-price-tops-10k-for-first-time-since-2018>
Bitcoin Price Tops $10K for First Time Since 2018
Omkar Godbole
21 Jun 2019

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Looking forward, BTC may continue to shine bright as the cryptocurrency is set to undergo mining reward halving sometime in May 2020.

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5. https://www.investopedia.com/the-best-performing-crypto-coin-up-300-isn-t-named-bitcoin-4690800 <https://www.investopedia.com/the-best-performing-crypto-coin-up-300-isn-t-named-bitcoin-4690800>
The Best-Performing Crypto Coin Up 340% Isn't Named Bitcoin
Shoshanna Delventhal
18 Jun 2019

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Like Bitcoin, the key forces driving Litecoin’s rally include cryptocurrencies' wider acceptance by established companies such as Facebook Inc. (FB), Fidelity Investments and AT&T Inc. (T) , as well as Litecoin’s upcoming halving, or “halvening.”

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While miners currently get 25 new Litecoins per block, they will receive 12.5 going forward. Due to simple supply demand dynamics, a decrease in supply should drive up the price of the cryptocurrency, just as the crypto revival boosts the demand side.

“Every time we’ve seen a halving event in Bitcoin or Litecoin, the price has risen astronomically,” Mati Greenspan, senior market analyst at trading platform eToro, told Bloomberg.

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6. https://www.bloomberg.com/news/articles/2019-05-24/bitcoin-bulls-are-already-seizing-on-next-year-s-drop-in-supply <https://www.bloomberg.com/news/articles/2019-05-24/bitcoin-bulls-are-already-seizing-on-next-year-s-drop-in-supply>
Bitcoin Bulls Are Already Seizing on Next Year's Drop in Supply
Olga Kharif
24 May 2019

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Bitcoin bulls are already touting the next great “halvening” as a catalyst for more price gains by the biggest cryptocurrency.

That’s an event, also called halving in the crypto community, that occurs every few years when the number of coins awarded to the so-called miners that use computers to process transactions are slashed in half to prevent inflation from eroding the value of the digital asset.

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7. https://www.ccn.com/litecoin-ltc-price-weekly-high-100/ <https://www.ccn.com/litecoin-ltc-price-weekly-high-100/>
Litecoin (LTC) Price Soars 13% to Smash Weekly High of $100
Yashu Gola
24 May 2019

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According to people involved in intraday Litecoin trading, such halvings are historically bullish purely because they reduce the concerned asset’s supply by 50-percent.

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Benjamin Barrett
Formerly of Seattle, WA


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