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Perfect Storm for Bitcoin

The bitcoin halving is scheduled to occur in May 2020. Halvings happen about every four years, and each time, the amount of new bitcoin being mined is cut in half.
After this next halving, the reward for successfully mining a block will be reduced from 12.5 coins to 6.25 coins.
The “inflation rate” (percentage of new coins coming into the market) will go from 3.7% to 1.8%. That’s a big decrease in new supply.
In the past, halvings have been extremely bullish for bitcoin prices.
At the time of the first halving in 2012, bitcoin was trading around $15. It would reach a high …read more […]

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Pentagon says decision on full-rate F-35 jet production possibly delayed until 2021

The Pentagon’s decision to move into a full-rate production contract for the F-35 jet, made by Lockheed Martin, could be delayed until 2021 because of issues integrating the jet with its testing and training simulators, an official said on Friday. Full-rate production contracts are more lucrative for defense companies than low rate production contracts, suggesting larger payments for F-35 deliveries to Lockheed from the U.S. government and its allies could be delayed by as much as a year. Pentagon acquisition chief Ellen Lord told reporters she had signed off on a report that indicated the final decision on …read more […]

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Business News

Exclusive: Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX – sources

Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, sources briefed on the matter said.

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Exclusive: Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX – sources

Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, sources briefed on the matter said. The FAA said it found the messages “concerning” and “is reviewing this information to determine what action is appropriate.” It prompted a letter from FAA Administrator Steve Dickson to Boeing Chief Executive Dennis Muilenburg demanding an “immediate” explanation for the delay in turning over the documents. Sources told Reuters the Boeing internal messages raised questions about the performance of …read more […]

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Mark Hurd, Oracle CEO Who Led Three Tech Companies, Dies

(Bloomberg) — Mark Hurd, who was chief executive officer of three major technology companies including Oracle Corp., has died. He was 62.Larry Ellison, Oracle’s chairman, confirmed his passing in an online post.“It is with a profound sense of sadness and loss that I tell everyone here at Oracle that Mark Hurd passed away early this morning,” Ellison wrote. “Mark was my close and irreplaceable friend, and trusted colleague. Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle.”Hurd was co-CEO at Oracle with Safra Catz. He focused …read more […]