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During the halving, the rate at which new Bitcoins are created is cut in half, reducing the rate of supply growth and exerting upward pressure on Bitcoin's price over time.The most recent Bitcoin halving occurred in the past week, marking the fourth such event in Bitcoin's history. To commemorate this milestone and celebrate the progress of the Bitcoin network, Coinbase has announced a series of weekly giveaways, offering participants the opportunity to win Bitcoin prizes.
"To celebrate the fourth halving, we’re giving away 1 bitcoin each week between now and May 20. The first drawing is on May 9," Coinbase said in aThe promotion, which begins on April 19, 2024, at noon Pacific Time, and ends on May 20, 2024, at 11:59 p.m., will see one potential winner randomly drawn from all eligible entries received each weekly period. This culminates in a total of four potential winners throughout the promotional period.
Coinbase says winners will be randomly selected each week and awarded a sum of Bitcoin directly to their Coinbase wallets.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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