DeFi News Today TheBitTimes.com

CNBC anchor Joe Kernen’s tweet about the upcoming Bitcoin halving has ignited discussions in the cryptocurrency community, warranting a thorough and unbiased Analysis of its potential market impact and the recent price surge linked to BlackRock Bitcoin ETF rumors. CNBC anchor Joe Kernen recently sparked attention in the crypto community with his enthusiastic tweet, circulated by Bitcoin Magazine, proclaiming, “ prepare for the halving . The halving is coming.” Kernen was referring to the anticipated Bitcoin halving event, a technical occurrence that slashes mining rewards for new Bitcoins in half, which theoretically could lead to a decrease in supply and an upward shift in Bitcoin’s price. JUST IN: CNBC anchor Joe Kernen says "prepare for the halving. The halving is coming." #Bitcoin pic.twitter.com/Eyq6hdTmUF — Bitcoin Magazine (@BitcoinMagazine) October 25, 2023 While Kernen and others are hopeful, a critical perspective is essential, espe...

Going against Bitcoin is a tough pill to swallow for investors in one of the oldest altcoins. Bitcoin (BTC) is still almost a year away from its next block reward halving , but Litecoin (LTC) miners are already bracing for impact. In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25 LTC per block. Whales stock up on LTC — but BTC value stays weak Despite its fair share of controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion. Its miners currently rake in 7,200 LTC in block rewards daily, equal to a U.S. dollar value of around $670,000. As the halving nears, major investors appear to be seeking an easy trade, popular trader Mikybull Crypto and others noting “whales” buying up almost $60 million worth of LTC in the past two days. #Litecoin whales have bought over 590,000 #LTC in the last 48 hours, worth around $59 million! Halving is a few days ahead. pic.twitter.com/L77RB5lLIq — Mikybull Crypto (@MikybullCry...