2024-12-26T09:13:19+0000

Bitcoin continues to hover close to record highs, giving new hope to crypto miners. Last financial year, Australia's largest miner Iren made a loss of more than a quarter of a billion dollars. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-06/bitcoin-wires-surge-zombie-etfs-halvening-crypto-blackrock/103553046 It's hoping to turn that around as the price surges. But sceptics warn the bubble could still burst. Bitcoin's code also halves the reward given to miners roughly every four years. This so-called "halvening" is next expected in May. Once 21 million coins are released, fresh supply will stop entirely. ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia