The next Bitcoin halving is planned for 2028, considering that this procedure, where the rate of issuance is adjusted and miners’ rewards are halved, occurs every four years.

This mechanism was defined this way from the protocol’s inception and “sets the pulse of the available supply and is closely followed by investors, developers, and analysts in the ecosystem.”

The previous halving took place on April 20, 2024, when “the reward dropped from 6.25 BTC to 3.125 BTC per block.” In the process, “the only constant is the threshold: when the network reaches another 210,000 blocks, the halving will be executed automatically.”

Previous halving dates were:

• 2012: 50 BTC to 25 BTC
• 2016: 25 BTC to 12.5 BTC
• 2020: 12.5 BTC to 6.25 BTC
• 2024: 6.25 BTC to 3.125 BTC

The halving is an important process that directly impacts three areas: supply, mining, and market behavior. In 2028, when the next halving occurs, “the reward will be reduced again, and the rate of new BTC creation will be even lower. With each cycle, Bitcoin approaches its maximum limit of 21 million units, reinforcing its deflationary design and the rigidity of its supply.”

M.Pino

Source: cripto247

(Reference image source: Kanchanara on Unsplash)

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The technology giant Hewlett-Packard announced on Tuesday, November 25, that it anticipates a reduction of between 4,000 and 6,000 jobs by the end of 2028 as a consequence of the adoption of artificial intelligence in production optimization.

The elimination of these jobs represents slightly more than 10 % of the company’s payroll in Palo Alto, California, which has approximately 58,000 employees.

According to the company, the move “reflects a broader trend in the technology sector, where companies are investing heavily in AI development as they use this tool to reduce operational costs.”

HP has indicated that its AI adoption plan aims to achieve annual savings of approximately $1 billion by the end of fiscal year 2028.

However, industry analysts indicate that “AI automation is particularly impacting roles in customer service, content moderation, data entry, and certain computer programming tasks.”

In this context, HP CEO Enrique Lores stated that they plan to raise the prices of their computers and “work with new suppliers to help offset the high costs of AI-based computing.”

M.Pino

Source: swissinfo

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The International Energy Agency (IEA) estimates that oil demand will continue to rise. In this context, production is expected to continue at this upward pace, reaching 5.8 million barrels per day, with a quarter coming from Argentina, Brazil, and Guyana.

According to the agency, global oil production will increase this decade due to demand for the product, “although it may seem counterintuitive in the midst of the climate change crisis affecting the world.”

In this oil boom, countries like Venezuela, Ecuador, Mexico, and Colombia would be displaced by other emerging countries: Brazil, Guyana, and, to a lesser extent, Argentina, which are emerging as leaders in “a new chapter in the region’s oil production.”

In Guyana’s case, it entered the oil market in 2015, when “the US oil giant ExxonMobil discovered the first of its proven crude oil reserves, estimated at around 11 billion barrels, in the depths of the Atlantic Ocean.” According to the IEA, the country, once the poorest in the region, would surpass Kuwait.

For its part, Brazil is also gaining strength from underwater discoveries. “Under three kilometers of water and five more kilometers of rock and salt, the country extracts crude oil from one of the largest offshore oil fields in the world.” These discoveries made the country the largest oil producer in Latin America in 2017.

According to the IEA, Argentina would rank third in the new regional oil boom, taking into account the gigantic Vaca Muerta field in the northwest of the country, which has the “second-largest shale gas resources in the world and the fourth-largest shale oil resources.”

M.Pino

Source: sela.org

(Reference image source: kinya jones on Unsplash)

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La entrada IEA forecasts increase in global oil production, led by three Latin American countries apareció primero en Bitfinance.