A security breach of the Mt. Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker allegedly used credentials from a Mt. Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself.
What is the bitcoin halving? When is the bitcoin halving happening? New bitcoins are created roughly every ten minutes and the rate at which they are generated drops by half about every four years until all will be in circulation.