🚨 JUST IN: India’s ED searches 4 premises across Bengaluru and Madhya Pradesh over alleged unauthorised cross-border crypto transactions involving Mudrex and Saber.money.
The probe concerns alleged FEMA violations involving stablecoins such as USDT and USDC.
Bitcoin halving is an event that reduces the reward miners receive for adding new blocks by 50%.
How does it work ?
- Happens approximately every four years. - Occurs every 210,000 blocks. - Reduces the rate at which new Bitcoin enters circulation. - Helps Bitcoin maintain its maximum supply of 21 million BTC.
The latest halving occurred in April 2024, reducing the block reward from 6.25 BTC to 3.125 BTC.
Important: Halving reduces new supply, but it does not guarantee a price increase. Market demand and other factors still matter.