Bitcoin news lately has been a little bit relaxed so this Bitcoin Weekly will be dedicated to talking about The Halvening—the second time that the Bitcoin block discovery reward will be cut in half (this time from 25 BTC to 12.5 BTC) coming up in July. Keep reading to see the infographic kindly supplied by CoinJournal about the subject.
Also in this column, John McAfee—of McAfee Antivirus fame and intermittent SiliconANGLE guest columnist—has taken over an intellectual property company and is transforming it into a cryptocurrency security company. He’s also announced hiring on Roger Ver and Erik Voorhees to various boards in the company (see below for more information).
As for the Bitcoin market, it remains higher than usual with the average market value hovering around $696.20 USD (BitcoinAverage.com), which is the highest watermark since 2013 when it exceeded $1,000 on some exchanges. Just last week the market price had been hanging around $578 showing a more than $100 rise in the past seven days. The rise began on June 11 and then kept creeping up until it exceeded $700 on June 13 and has been rising and falling between $680 and $700.
Questions no doubt remain