The great bitcoin halving
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 April 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Bitcoin is trading well above where it did in 2023. Friday or Saturday, something called the “bitcoin halving” is supposed to happen — an event that occurs roughly every four years where the number of new bitcoins that come into circulation drops in half. And it’s a big deal for the whole philosophical premise of bitcoin. We’ll unpack. Also on the show: explaining a big filing day for PACs and understanding China’s “Great Firewall.”
Transcript
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| 0:00.0 | China builds its great firewall a little higher from marketplace. I'm Sabri Beneschoor in for David |
| 0:07.7 | Brancaccio. The great firewall is the term given to China's regulation of its internet and for Apple that wall is now a little more imposing |
| 0:16.2 | iPhone users in China can no longer download several popular messaging apps including |
| 0:21.3 | what's app and threads. Marketplace's Nova saffo has more. messaging apps, including WhatsApp and Threads. |
| 0:23.2 | Marketplace's Nova Safo has more. |
| 0:25.6 | Apple says it removed WhatsApp and Threads from its App Store on orders from China's |
| 0:29.8 | central government. |
| 0:31.0 | Marketplace also observed the removals of telegram and signal from |
| 0:34.9 | Apple's Chinese App Store. Signal is specifically used to send encrypted messages. |
| 0:39.8 | The reasons for the bands are unclear. Other social media apps such as X and Facebook were still available |
| 0:45.3 | on Apple's App Store in China. Not that any of these apps are easy to use in that country, |
| 0:50.3 | where they are usually blocked by sensors and require a work around by the technically |
| 0:54.2 | savvy. |
| 0:55.2 | Apple said only that he was obliged to follow the laws in the countries in which it operates. |
| 0:59.5 | I'm Novasoffo for Marketplace. |
| 1:01.9 | Bitcoin is currently trading at about just over $65,000. |
| 1:06.5 | That is down from an all-time high of $70,000 earlier this year, but way higher |
| 1:11.9 | than it was in 2023. Today or sometime tomorrow. earlier this is |
| 1:17.0 | earlier this year but way higher than it was in 2023. Today or sometime tomorrow something called |
| 1:15.8 | the Bitcoin Halving is supposed to happen. This is something that happens at once every four |
| 1:21.5 | years where the rate at which new |
| 1:23.8 | bit coins are born into the world drops by half. It is a big deal for the |
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