Dado Ruvic | ReutersThe Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history. JPMorgan said it expects to see some downside in bitcoin post-halving and Deutsche Bank said it "does not expect prices to increase significantly." However, the impact may be bigger months from now, even if bitcoin continues its trend of diminishing returns from its halving day to its cycle top. "This process, known as mining, rewards miners with newly minted bitcoins. But with each halving, the reward to mining is decreased to maintain scarcity and control the cryptocurrency's inflation rate over time."

---

Persons: Dado Ruvic, bitcoin, Mark Palmer, Matthew Galinko, Marion Laboure Organizations: JPMorgan, Deutsche Bank, Miners