NairaEx Blog Providing latest news and announcements related to the NairaEx website as well as the general cryptocurrency in Nigeria.

Tag2020 bitcoin halving

June 28, 2020

1 Min read

Bitcoin will undergo supply cut today May 11, 2020, during the time governments around the world are printing more money and increasing debts in order to combat the economic effect of the COVID-19 pandemic. Nigeria’s total debt profile now stands at N33trillion and is expected to reach an unprecedented level. What’s Bitcoin halving? It means that the amount of new bitcoin being generated and...

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Bitcoin’s Price Behaviour during Previous Halvings in 2012 and 2016

By NairaEx

In Cryptocurrency Trading

April 29, 2020

4 Min read

In cryptocurrency circles there is considerable discussion going on around the May 2020 Block reward halving. Previously, two halvings were undertaken back in 2012 and 2016. Let us discuss briefly what is this halving and how previous halvings impacted the cryptocurrency’s price. What is Block Reward Halving? Every 10-12 minutes, 12.5 new BTC are created by the Bitcoin network and...

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