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Stock impact report

Bitcoin 'Halving' Cuts Supply of New Tokens in Threat to Miners [Financial Post (Toronto, Ontario, Canada)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions. The modification went into effect as of 8:10 p.m. Friday evening New York time, according to data from analytics website mempool.space and Blockchain.com. Article content Article content This was all by design and preordained by the code that runs Bitcoin's blockchain. The supposed anonymous creator of Bitcoin, Satoshi Nakamoto, sought to use the halving mechanism to maintain an eventual hard cap of 21 million Bitcoin in order to keep the Show less Read more
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