THIS has been a comeback year for cryptocurrencies. In the first quarter, the US approved 11 spot Bitcoin exchange-traded funds (ETFs), while Bitcoin prices hit an all-time high.
This week, Hong Kong gave “initial approval” for asset managers to launch Bitcoin and Ethereum ETFs. Even meme coins and non-fungible tokens (NFTs) – which seemed to have collapsed just over a year ago – have rebounded, some with eye-watering returns.
Now, the industry is crossing another milestone: the fourth “Bitcoin halving”, set to happen this weekend.
The Bitcoin blockchain code stipulates that the supply of new Bitcoin gets halved every four years or so.
In Singapore, anticipation for the halving and its...
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