Welcome to the 13th edition of TowerWatch, a newsletter from BlockTower aimed at cutting through the noise of crypto markets. We have one purpose: be useful. Two things you should know: One: The Halving Has Arrived The Halving is a mythic event for the Bitcoin community. For those less acquainted with the term, the halving refers to the approximately once-every-four-years reduction of the daily Bitcoin emission rate. Currently, about 1800 Bitcoin a day are “mined” or “created” around ~$18m worth at current market rates, increasing the overall supply of Bitcoin. On May 12th, the emission rate will be cut in half, and only 900 Bitcoin will be produced a day moving forward.
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