Similar Stories to Miners Stockpile Bitcoin Ahead Of Upcoming Halving Event on Bing News

Cryptocurrency miners are stockpiling near-record amounts of Bitcoin, hoping the token will rise in value and offset a drop in new supply that will cut the rewards for verifying transactions in half, according to a recent Financial Times report. Major listed miners like Marathon Digital, CleanSpark, and Bitfarms have collectively hoarded Bitcoin worth around $2.8 billion, according to data from The Miner Mag.

BING NEWS:
  • What happens after bitcoin's halving in 2024?
    Bitcoin halving is a big deal that shakes up its market value. It's designed to keep Bitcoin creation in check, making them rarer over time. This means fewer Bitcoins are minted while demand stays ...
    06/11/2024 - 1:09 am | View Link
  • Bitcoin Mining Stock Hive Digital Is Rising Monday: What's Going On?
    HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares are trading higher. The company on Monday announced Bitcoin (CRYPTO: BTC) production numbers for May. What Happened: In May, Hive Digital said it ...
    06/10/2024 - 8:53 am | View Link
  • ValueZone CEO Discusses Impact of Bitcoin Halving on Crypto Trading Volume Decline
    The cryptocurrency market is experiencing a significant downturn in trading activity, with a reported 20% decrease in May following the recent Bitcoin halving event. Adam Carl Waldman, CEO of ...
    06/8/2024 - 1:16 am | View Link
  • The Bitcoin Halving Is Done. 2 Cryptocurrencies to Buy Now.
    The Bitcoin halving is done, but its effects will be felt over the next year and more. As a result, these two cryptocurrencies should be on your radar right now.
    06/1/2024 - 4:07 am | View Link
  • Cryptoverse: Miners trudge through post-halving world
    while those less fortunate most likely selling owing to reduced revenues post the halving," said Gregory Lewis, analyst at brokerage BTIG that covers the U.S.-listed bitcoin miners. In search of ...
    05/28/2024 - 3:03 am | View Link
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