The halving is a process that takes place every four years, in which the mined issuance rate of new bitcoin units is reduced and therefore, the rate of creation of new digital currencies decreases by half every 210,000 mined blocks, or approximately every four years until the 21 million established in the bitcoin program have been mined.
Crypto and AI
The intersection of cryptocurrency and artificial intelligence (AI) continues to be one of the hottest areas of the market, with projects increasingly turning to AI to improve their products.
Leading this trend, Polygon and Avalanche tokens increased their prices last week after implementing AI chatbot assistants.
The biggest winner in the AI space, however, was the Fetch.ai cryptocurrency, which is up 137% to lead the broader market rally in 2023. This AI platform is creating intelligent agents that can learn, predict, and perform significant tasks in web3 systems, placing them at the forefront of both AI and cryptocurrency.
“The relationship between cryptocurrency and AI continues to deepen and create more opportunities for innovation: These two technologies are going to intertwine and intersect more and more and it is critical that we think strategically about their relationship,” said Chris Lehane, chief strategy officer at cryptocurrency-focused firm Haun Ventures.