LONDON: The Open Forum Riyadh — a series of public sessions taking place in the Saudi capital on Sunday and Monday — will “spotlight global challenges and opportunities,” according to the organizers.

Halving previously occurred in 2012, 2016, and 2020, where Bitcoin’s value surged approximately 93-fold, 30-fold, and 8-fold, respectively, from its price on the day of the halving to its peak in each cycle, as per data by Coin Metrics.

The bitcoin market on Friday engineered the “halving” of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.

Binance and its executives Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who is a regional manager for Africa, face four counts of tax evasion

The price of Bitcoin, the world’s highest-valued cryptocurrency, surged past $64,000 on Friday, rebounding from a drop below the $60,000 mark. The crypto continues to experience volatility ahead of an upcoming ‘halving’ event, which has sparked controversy over its potential impact.

Local authorities have reportedly lowered the debt threshold and employed mobile phone tracking to find the digital assets of evaders