BTC's pre-halving breakout/rally didn't materialize as price faced rejection around the 10,000 level. In the daily, price fell to a massive sell-off from 10,000 and found support around 8,000. While in the 4H chart. price broke below the 50 MA and created a wide range. Currently, price is fresh from the bounce and we'll see in the next days if price will retest and eventually reclaim the 50 MA in the 4H. Otherwise, price might take a plunge and create a lower high around the 8,000 level. The halving is now less than 24 hours and it's an interesting debate on whether this is a catalyst for a bull scenario or a flop in price action.
Global market cap is at $237B, while BTC's market cap is at $159B.
The Bitcoin Halving is now less than 24 hours away, with it expected to happen sometime between 2AM - 6AM Philippine local time, although this could change depending on current block intervals. The halving, sometimes referred to as the halvening, takes place after 210,000 blocks are mined, which is approximately once every four years. Block rewards are cut in half, from the current 12.5 BTC per block to only 6.25BTC post-halving. Past halving dates were on November 29, 2012, and July 10, 2016.
There will only ever be 32 bitcoin halving events as bitcoin will eventually reach its maximum supply. The last ever bitcoin to enter circulation will be mined in the year 2140.
Croatia's financial supervisor Hanfa approved Griffon Asset Management's plan to put up a Bitcoin investment fund. According to a report, Hanfa's board of directors supported Griffon's plan and also approved a Croatian state-owned bank HPB to be the depository bank. The ruling stated that the passive fund exclusively invests in bitcoin and investors can make their initial investment in cash or bitcoin. The initial investment period closes once total assets hit 1,000,000 HRK or 15 days after the ruling, whichever comes first.
South Korea's smart city Sejong will be establishing a blockchain-based identity verification platform for self-driving vehicles. Leading the development of the platform will be South Korea's Ministry of Science and ICT, as well as the Korea Internet & Security Agency. The platform will "greatly increase the credibility of data by strengthening the security of information shared by cars and their control tower." While self-driving cars are far from gaining mainstream adoption, South Korea is already planning against illegal cloning of identities or hacking of these vehicles.
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