MOBILE FCC pushes 5G forward with upcoming midband spectrum auction

By: MARGUERITE REARDON

The US Federal Communications Commission is moving forward on its plans to auction off a key sliver of midband spectrum licenses for 5G service. The agency voted unanimously Thursday to seek comment on bidding rules for the auction, which is set to start June 25. 

The 3.5GHz spectrum, known as the Citizens Broadband Radio Service, is coveted midband spectrum that big carriers like AT&TVerizon and T-Mobile see as valuable for 5G. But it’s also spectrum that small rural fixed wireless service providers say can help them increase speeds and reach more customers.

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The glory days are back for the mining sector in Nigeria

There was a time when Nigeria’s mining sector was booming, particular coal mining. Up until the late 1960s, this sector contributed significantly to the country’s GDP (see sidebar). 

Today, it is estimated that Nigeria is endowed with about 34 solid minerals identified in 450 locations in the country.

These include bitumen, located in the states of Ondo, Ogun, Lagos and Edo; gold located in Kogi, Niger and Kaduna; lithium located in Ekiti, Kaduna and Nasarawa; and uranium in Bauchi and Taraba states – to name a few.

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Why Does the Stock Market Even Care About Impeachment

By: Josh Barro

President Trump says market would “crash” if he impeached. That is probably an overstatement, but intrady market moves on Tuesday did make clear that investors consider impeachment to be neagitve event. Around noon on Tuesday, as news reports came out that Nancy Pelosi was expected to announce her support for a formal impeachment inqury, the Dows Jones Idustrial Average lost hundreds of point within minutes.

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Venezuela’s central bank holding Bitcoin is just crazy enough to work

By: Jose Antonio Lanz

Venezuela’s dreams of becoming a crypto nation evidently extend beyond just the state-backed petro.

Earlier today, Bloomberg reported that Venezuela’s central bank could soon be holding an undisclosed amount of Bitcoin and Ethereum as part of its international reserves. 

According to Bloomberg’s unnamed sources, the country’s national oil company (and primary source of revenue), Petroleos de Venezuela, is exploring ways to send BTC and ETH to the central bank so that the state-owned firm can pay its monetary obligations to international suppliers.

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Months after release of new tech strategy, US Air Force is still deliberating a path forward

By: Valerie Insinna


WASHINGTON — The U.S. Air Force is considering establishing a new program office inside its research laboratory to run pathbreaking “vanguard programs,” the head of Air Force Materiel Command told Defense News in an exclusive interview.

In April, the service released a new science and technology strategy that called for about 20 percent of Air Force Research Laboratory efforts to be restructured as vanguard programs that would bring together promising leap-ahead technologies from across the organization and push them forward using prototyping and experimentation.

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New Petition Would Turn Florida Cannabis Industry Into Monopoly, Critics Say

By: CARLOS MILLER 

Now that a ton of corporate money is being poured into Florida’s petition-gathering process, it’s almost guaranteed the legalization of recreational marijuana will be on the 2020 ballot, where it would need 60 percent approval to become state law.

But that same corporate money is also seeking control over the future of cannabis by funding a petition that does not allow citizens to grow their own weed — a right granted to the residents of almost two dozen other states where marijuana has been legalized.

That fact has many Florida cannabis activists refusing to sign the Make It Legal Florida petition, which is being mailed with prepaid return envelopes to make it easier for Florida voters to sign and send.

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U.S. security experts admit China’s 5G dominance, push for public investment

By: Jonathan Shieber

US. security experts are conceding that China has won the race to develop and deploy the 5G telecommunications infrastructure seen as underpinning the next generation of technological advancement and warn that the country and its allies must develop a response — and quickly.

“The challenge we have in the development of the 5G network, at least in the early stage, is the dominance of the Huawei firm,” said Tom Ridge, the former US Secretary of Homeland Security and governor of Pennsylvania on a conference call organized recently by Global Cyber Policy Watch. “To embed that technology into a critical piece of infrastructure which is telecom is a huge national security risk.” 

Already some $500 million is being allocated to the development of end-to-end encryption software and other technologies through the latest budget for the U.S. Department of Defense, but these officials warn that the money is too little and potentially too late, unless more drastic moves are made.

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UK mining firm wins rights to mine Kenya’s gold mine with deposits valued at more than $1.8 billion

  • The government has approved the granting of a mining licence to London-based Red Rock Resources.
  • The multinational now plans to resume exploration and production of gold in the Migori belt area covering 243 square kilometres.
  • Last year, the firm was forced to settle a court case with the government which had terminated its mining licence in May, 2015.

A United Kingdom mining firm is set to start mining a Kenyan gold mine with estimated deposits valued at more than Sh180 billion ($1.8 billion).

The government has approved the granting of a mining licence to London-based Red Rock Resources which is supposed to produce gold at a site in Migori. The Ministry of Petroleum and Mining posted the approval on its website.

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What Google’s quantum computer means for Bitcoin

By: Jose Antonio Lanz

document published—and later deleted—by NASA a few days ago revealed that we could soon be entering a new technological era: Google has achieved “quantum supremacy”—supposedly.

According to the Financial Times, Google claims to have successfully built the world’s most powerful quantum computer. What that means, according to Google’s researchers, is that calculations that normally take more than 10,000 years to perform, it’s computer was able to do in about 200 seconds.

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