Bitcoin rises after eagerly awaited ‘halving’

Singapore (AFP) – Bitcoin rose Wednesday after undergoing an eagerly awaited adjustment that occurs every few years to limit the amount of the virtual currency on the market, building on a recent coronavirus-driven rally.So-called “halving” takes place every four years and is when the reward received by “miners”, whose computer processors enable the running of the world’s most popular virtual currency, is reduced.The virtual unit was trading 1.6 percent higher at $8,897 in Asia, according to digital currency tracker CoinDesk, after the “halving” took place earlier this week.Bitcoin is up about…

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