CBX Newsletter // 06 Feb 2019
- Will the Bitcoin halving have a positive impact in the cryptomarket?
- Alphaslot (SLOT) now trading on CBX
- OTC Now Available on CBX
Will the Bitcoin halving have a positive impact in the cryptomarket?
The world’s oldest and most valuable cryptocurrency has officially entered the longest period of declining prices since its inception. Bitcoin, once at an all-time high of almost $20,000 has been in decline for more than a year consecutively.
No one knows if Bitcoin’s price will continue to decline in the future, some investors are highly anticipating a bitcoin exchange-traded fund (ETF), however, in less than 500 days bitcoin will go through its third halving which has greatly impacted the price in the last couple of years.
A halving is a part of bitcoin’s deflationary policy in which the rewards that miners get per block mined gets cut into half, it happens every 210,000 blocks or every four years. Satoshi Nakamoto, bitcoin’s creator set the block reward to 50 BTC, however, after the first halving the rewards decreased to 25 BTC, and now is 12.5 BTC decreasing the supply of bitcoins available in the market.
On the image shown above, we can see that on the first halving 28 Nov 2012 prices rose 510% after 378 days of declining prices; the next halving was on 9 July 2016 prices rose 309% after more than 539 days of declining prices. The next halving should occur in May 2020, and the block reward should decrease to 6.25 BTC.
The total supply of Bitcoin that will ever be created is 21 million, and so far we have already mined around 17.5 million. It is believed that the rest of the 4.5 million BTC will be mined until 2140.
Bitcoin is currently trading at $3,426 on CBX.
Alphaslot now trading on CBX
On behalf of the CBX team, we are proud to introduce that Alphaslot (SLOT) is launching exclusively on CBX.
Alphaslot is the blockchain ecosystem with a core focus on casino entertainment and new player acquisition, connecting gaming machines with gamers via the SLOT token on casino floors synergistically. The tokenized network provides gamers with incentives to stay engaged with the casino experience, acting as a catalyst to bring growth for the steady-state gaming industry.
SLOT is launching on CBX on Beijing/Hongkong/Singapore time 5th February 2019. The trading pair is SLOT/USDT.
OTC Now Available on CBX!
Good news! To thank our CBX users for their support and patiently waiting for OTC trading, CBX has decided to rebate transaction fees to users according to their respective volume!
The CBX team wishes you all the good blessings for 2019 Chinese New Year!
新年快乐 恭喜发财
