The crypto exchange Binance has announced the launch of a rewards program due to the Bitcoin halving.According to a publication, Binance has launched this program for its users.During the period May 11-18 at 4:00 UTC, Binance users will be able to earn rewards in Bitcoin.The largest of these rewards is 12.5 BTC or approximately $108,000. According to Binance Academy’s Bitcoin halving countdown, the next Bitcoin halving event is expected to occur by May 6, 2020. However, please be aware that the estimate may change from time to time. This is because Binance Academy uses sophisticated calculations and live blockchain statistics to estimate average block times and other factors that affect the timing of the next halving event ... Major cryptocurrency exchange Binance announced that today it will list dogecoin (DOGE) in a post on its website on July 5. Starting at noon UTC today, the following dogecoin pairs will start being traded on the exchange: DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC. Furthermore, users can already deposit their dogecoin on the exchange in preparation for the trading. Dogecoin is based on a fork of Litecoin (LTC) called Luckycoin. However, notable changes have since been made to the protocol. Let’s see how it works. Blockchain. Similar to Bitcoin, Dogecoin uses a blockchain, where blocks are appended via Proof-of-Work. Today, Binance- the world-leading crypto exchange posted on its official twitter handle about the exciting countdown for the Bitcoin Halving. As per the post, there are two hundred nineteen days left for the next Bitcoin Halving event. The Bitcoin Halving will take place on the Block Number- 630,000. Ideally, it should reach this bock number by May 24, in the coming year. The last observed ... No one knows if the halving that will occur roughly May 2020 will impact the price of Bitcoin. However historic correlations with halving and price are notable. Also, logically as less Bitcoin can be created as rewards from mining new blocks, there is natural pressure on the market to value Bitcoin at a higher price. Bitcoin Halving in 2024. The next Bitcoin block halving will occur in 2024 after 840 000 blocks will be mined and the reward per block will 3.125 BTC. Bitcoin expert nicknamed Plan B suggested Bitcoin price $50,000 after 2020 halving, but 400,000 after 2024 halving, and even three million after the 2028 halving. Bitcoin suffered a major loss within hours on 19 February, which dragged its price back under the $10k resistance. The largest asset has been having a crest and trough-like movements with $10k as the mean point. On 19 February, the coin noted an overall fall of 6.28% during which the price of BTC slashed from $10,214.98 to $9,573.74. The Binance Coin price line sees bulls on the 05th of March to reach across the $21.40 mark. The cryptocurrency trades with a day’s range of $ 20.5655469 — $ 21.3165797. AschraM is a trading view analyst who believes that the cryptocurrency has all hopes on the BTC halving, after which it will start to pump up on the price chart. The next Bitcoin halving is scheduled to take place next year at block height 630,000. Binance has previously researched how miners may be compensated after the upcoming Litecoin halving . Price increases and increases in the amount of fees users pay to transfer across the protocol are two major ways in which miners may be compensated for reduced block subsidies.
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