Litecoin's Halvening Price Drop Is No Proxy for Bitcoin Next Year – Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration.
Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.
Snack Maker Shearer’s Foods Explore Potential $3 Billion Sale
Rocket Revenue Surpasses Estimates Despite Lull in Homebuying
Uruguay Inflation Rate Falls To 4.8%, Lowest Level Since 2005
Egypt Surprises With Rate Hike Even as Devaluation Delayed
Six in 10 Small Businesses Hired Staff, or Tried To, in July
DraftKings Sales Beat Forecast, Company Raises Guidance for Year
Amazon Gains on Positive Outlook Fueled by E-Commerce Sales
Warner Bros. Discovery Considers Adding Sports Tier to Max Service
Amazon Gains on Positive Outlook Fueled by E-Commerce Sales
A Century-Old Company Reinvents Itself in Sign of Hope for Japan
With AI Booming, Gary Gensler Wants to Keep Finance Safe for Humans
AI Study Says Stocks Already Pricing a Job-Replacement Premium
Europe’s AI Startups Look to Capitalize on the Continent’s FOMO
New Zealand to Boost Defense Capability as China Eyes Pacific
Xi’s Spent Just Two Days Outside China in 2023 as Problems Mount
Money-Market Assets Climb to Fresh Record With Rates Above 5%
Washington Commanders Sale Cements High Finance’s Status in NFL’s Inner Circle
Four Seasons New York Midtown to Reopen in 2024 as Dispute Ends
Nomura Hires Virtual Influencer to Coax Japan’s Young Investors
Actually, Americans Can Handle a Rainy Day
Senator Blocking US-Australia Submarine Deal Has a Good Point
Japan Is Bringing in More Foreigners Than You Think
The Pandemic Small-Business Boom Is Fueling the US Economy
The Health-Care Staffing Crisis Is Bad and Getting Worse
Private Credit Funds Move From Mergers to Timeshares and Car Loans
Texas A&M Agrees to Pay Professor $1 Million After Hiring Fiasco
Actors Earning Living Off Screen Drive a Hard Bargain With Hollywood Studios
ESG Strategy Receives Tough Feedback in Latest Bloomberg Survey
Fire Warnings Pop Up From Texas to Oregon: Weather Watch
NYC Considers Central Park Among Sites to House Migrants as Crisis Mounts
A NY College Shutters After 200 Years, Exposing More Higher-Ed Distress
Airbnb Hosts Try to Evade City Regulations, From Copenhagen to Catalonia
Coinbase Quarterly Loss Narrows, Revenue Exceeds Estimates
Bitfinex Hacker, Rapper Wife Plead Guilty in Crypto Heist Money Laundering
Coinbase Rally Leaves Analysts Divided on the Crypto Exchange
Litecoin, the world’s 11th-biggest cryptocurrency, saw its price slide on Wednesday after it went through a so-called halvening, with the rewards paid to computers supporting its network dropping in half. Don’t expect the same outcome next year when Bitcoin’s own halvening is due.
Litecoin is an offshoot of Bitcoin and their halvenings, designed to reduce the amount of new coin supply entering circulation, occur about every four years. In Litecoin’s process, rewards received by computers supporting its network, called miners, have dropped to 6.25 Litecoins from 12.5. Bitcoin’s halvening is expected next spring.