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Trump wants to nix the Education Department. He should rebrand it instead. – Higher Ed Dive

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The president-elect should reimagine the agency as the Department of American Competitiveness, one communications expert argued.
Hayley Matz Meadvin is an executive vice president of communications at Precision Strategies. She previously served as senior adviser to the U.S. education secretary and chief of strategy and communications for Chicago Public Schools.
Republicans railing against the U.S. Department of Education is a tale as old as time. Ronald Reagan vowed to abolish it, and since his presidency there’s been no shortage of Republican legislative and presidential candidates who have called for it to be eliminated. President-elect Donald Trump also announced his desire to eliminate the department, a policy goal he has repeated since his victory in November.
With Republicans in control of the White House, House and Senate, it’s not outside the realm of possibility that this drastic proposal could come to fruition.
But Trump prides himself on standing outside the political orthodoxy of either party. Eliminating the Education Department feels more like an old-school Republican trope, and there’s a better play the president-elect can make. As a master of branding, he should see the opportunity to rebrand the Education Department instead of eliminating it.
As a senior adviser to the U.S. education secretary in the Biden administration, I’ve seen firsthand the department’s potential to help drive America’s economic competitiveness. Trump should reimagine the Education Department as the Department of American Competitiveness.
The driving force behind Republican opposition to the Education Department has always been the fear that it would infringe on states and localities’ ability to set their own academic curricula. Local control over K-12 education is a bedrock conservative value. However, over the Department’s decades of existence — under both Democratic and Republican administrations — this fear has never been realized. 
The department’s remit has remained consistent over the years, setting a national vision for our schools and students. It often provides carrots and sticks to help them get there, from No Child Left Behind under President George W. Bush to Common Core under President Barack Obama. The agency also plays a key role in some critical areas, including supplemental funding for underserved school districts and special education programs, and administering student loans for college students.
Eliminating the Education Department would be symbolic more than anything else. Whatever you think of President-elect Trump, he has branded himself as a catalyst of sweeping transformation. Transforming the country and competing on a global scale requires, among other things, a national innovation strategy that begins with rethinking the pre-Kindergarten through college education system. 
If the Trump administration is serious about competing with China, tariffs won’t address the underlying fact that the U.S. is falling behind on skills training. The country does not have a coherent education strategy for science, technology, engineering and math fields, and as artificial intelligence rapidly evolves, the skills needed for the U.S. to remain the global tech leader will evolve just as quickly. 
No federal agency is tasked with leading this effort. Why not unleash tech leaders on the task of identifying and operationalizing the building blocks we need to make the U.S. the world’s technology powerhouse? This remit would build on the Education Department’s current work and inspire big thinking that transcends politics.
The Education Department, as the Department of American Competitiveness, would be positioned to cut through the bureaucracy and establish national priorities. 
We proved this as the U.S. came out of the pandemic. Parents were frustrated by the patchwork of policies between states and needed strong federal leadership to set clear plans for the return to in-person school. This blueprint of leaving the fundamentals of curriculum development to the states while providing best practices and tools and targeting funding to achieve big national goals is exactly what we need going forward.
The department would have another secret weapon as it transitions to a broader competitiveness remit: community colleges. 
Over 30 states offer some form of free community college, with deep-red Tennessee leading with one of the most successful programs. Community colleges are not viewed through a hyperpartisan lens. In fact, 55% of voters with an associates degree voted Republican in 2024, according to NBC News exit polling. 
Making community college more affordable also cuts down on the number of students who need federal financial aid. Equipping community colleges with not just the funds but also the strategic roadmap to offer world-class technology offerings would be a core focus of the Department of American Competitiveness.
In many ways, this is a painful strategy for me to write. A lifelong Democrat and alumnus of the Biden administration, I would like to see the federal government do more to promote accessibility and equity in education. Having said that, reimagining the department to architect and promote American innovation and competitiveness is a rare opportunity for the Trump administration to bring both sides together around a big idea.
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Why a ruling against the Internet Archive threatens the future of America’s libraries – MIT Technology Review

The decision locks libraries into an ecosystem that is not in readers' interests. Congress must act.
I was raised in the 1980s and ’90s, and for my generation and generations before us, the public library was an equalizing force in every town, helping anyone move toward the American dream. In Chantilly, Virginia, where I grew up, it didn’t matter if you didn’t have a computer or your parents lacked infinite money for tutors—you could get a lifetime’s education for free at the public library. A ruling from the US Second Circuit against the Internet Archive and in favor of publisher Hachette has just thrown that promise of equality into doubt by limiting libraries’ access to digital lending.
To understand why this is so important to the future of libraries, you first have to understand the dire state of library e-book lending. 
Libraries have traditionally operated on a basic premise: Once they purchase a book, they can lend it out to patrons as much (or as little) as they like. Library copies often come from publishers, but they can also come from donations, used book sales, or other libraries. However the library obtains the book, once the library legally owns it, it is theirs to lend as they see fit. 
Not so for digital books. To make licensed e-books available to patrons, libraries have to pay publishers multiple times over. First, they must subscribe (for a fee) to aggregator platforms such as Overdrive. Aggregators, like streaming services such as HBO’s Max, have total control over adding or removing content from their catalogue. Content can be removed at any time, for any reason, without input from your local library. The decision happens not at the community level but at the corporate one, thousands of miles from the patrons affected. 
Then libraries must purchase each individual copy of each individual title that they want to offer as an e-book. These e-book copies are not only priced at a steep markup—up to 300% over consumer retail—but are also time- and loan-limited, meaning the files self-destruct after a certain number of loans. The library then needs to repurchase the same book, at a new price, in order to keep it in stock. 
This upending of the traditional order puts massive financial strain on libraries and the taxpayers that fund them. It also opens up a world of privacy concerns; while libraries are restricted in the reader data they can collect and share, private companies are under no such obligation.
We’re making more data than ever. What can—and should—we save for future generations? And will they be able to understand it?
Some libraries have turned to another solution: controlled digital lending, or CDL, a process by which a library scans the physical books it already has in its collection, makes secure digital copies, and lends those out on a one-to-one “owned to loaned” ratio.  The Internet Archive was an early pioneer of this technique.
When the digital copy is loaned, the physical copy is sequestered from borrowing; when the physical copy is checked out, the digital copy becomes unavailable. The benefits to libraries are obvious; delicate books can be circulated without fear of damage, volumes can be moved off-site for facilities work without interrupting patron access, and older and endangered works become searchable and can get a second chance at life. Library patrons, who fund their local library’s purchases with their tax dollars, also benefit from the ability to freely access the books.
Publishers are, unfortunately, not a fan of this model, and in 2020 four of them sued the Internet Archive over its CDL program. The suit ultimately focused on the Internet Archive’s lending of 127 books that were already commercially available through licensed aggregators. The publisher plaintiffs accused the Internet Archive of mass copyright infringement, while the Internet Archive argued that its digitization and lending program was a fair use. The trial court sided with the publishers, and on September 4, the Court of Appeals for the Second Circuit reaffirmed that decision with some alterations to the underlying reasoning. 
This decision harms libraries. It locks them into an e-book ecosystem designed to extract as much money as possible while harvesting (and reselling) reader data en masse. It leaves local communities’ reading habits at the mercy of curatorial decisions made by four dominant publishing companies thousands of miles away. It steers Americans away from one of the few remaining bastions of privacy protection and funnels them into a surveillance ecosystem that, like Big Tech, becomes more dangerous with each passing data breach. And by increasing the price for access to knowledge, it puts up even more barriers between underserved communities and the American dream.
It doesn’t stop there. This decision also renders the fair use doctrine—legally crucial in everything from parody to education to news reporting—almost unusable. And while there were occasional moments of sanity (such as recognizing that a “Donate here” button does not magically turn a nonprofit into a commercial enterprise), this decision fractured, rather than clarified, the law. 
If the courts won’t recognize CDL-based library lending as fair use, then the next step falls to Congress. Libraries are in crisis, caught between shrinking budgets and growing demand for services. Congress must act now to ensure that a pillar of equality in our communities isn’t sacrificed on the altar of profit. 
Chris Lewis is president and CEO of Public Knowledge, a consumer advocacy group that works to shape technology policy in the public interest. Public Knowledge promotes freedom of expression, an open internet, and access to affordable communications tools and creative works.
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Watch JASON BONHAM Perform LED ZEPPELIN Classic "Whole Lotta Love" With BILLY JOEL On New Year's Eve; Fan-Filmed Video – bravewords.com

January 2, 2025, 27 minutes ago
news jason bonham billy joel led zeppelin classic rock
Drummer Jason Bonham joined Billy Joel during his 2024 New Year’s Eve show at UBS Arena in Elmont, NY to perform the Led Zeppelin classic “Whole Lotta Love”. Bonham is the son of late Led Zeppelin drum legend, John Bonham.
Check out fan-filmed video of the performance below.


Bonham recently opened up about his absence from the last four shows of Sammy Hagar’s “The Best Of All Worlds Tour” due to a family issue. The son of Led Zeppelin drummer John Bonham was replaced on the closing dates of the trek by Kenny Aronoff, who previously played with Hagar, bassist Michael Anthony, and guitarist Joe Satriani, when he replaced Chad Smith in Chickenfoot.
On Sunday, November 3, Bonham released the following statement via social media:
“I wanted to take a moment to explain my absence over the past few weeks. As many of you know, my mother has been facing some serious health issues, and it’s been an incredibly challenging time for our family. I’m grateful to share that she’s on the mend and has been discharged from the hospital! She’s now home and recovering, which brings me immense relief.”
“It was truly difficult to step away from ‘The Best Of All Worlds’ tour with only four shows left. The energy, the connections, and the experiences were nothing short of incredible, but my priority had to be with my mother during her fight for life.”
“I’m excited to announce that JBLZE [Jason Bonham’s Led Zeppelin Evening] will be back on tour starting November 19th! I can’t wait to see all of you and share this journey together once more.”
“Thank you for your understanding and love. See you soon!”
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Ranked: All 30 Formula 1 races of last season rated by our readers – RaceFans

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Throughout the 2024 Formula 1 season, our readers rated every grand prix and sprint race as soon as the chequered flags fell.

Which was their favourite? Which earned the lowest scores? And is there much love for F1’s deeply divisive sprint format?
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Here’s the verdict on all 30 of last year’s races:
Start, Monaco, 2024
Average rating: 3.1/10
As the field climbed the hill towards Massenet on lap one it looked like Charles Leclerc had a tricky race ahead of him: His team mate Carlos Sainz Jnr had been hobbled by contact with Oscar Piastri, and the Ferrari driver faced the prospect of being hounded all afternoon by the two McLarens.
Then Sergio Perez tripped over Kevin Magnussen and destroyed his Red Bull against a barrier at Massenet. The red flags flew, Sainz got his third place on the grid back, every driver completed their mandatory tyre change and all that remained was for Leclerc to lead the remaining cars on 77 interminably tedious laps of his home town. This is the second-lowest rated race of all time since the 2008 season.
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Average rating: 3.4/10
The top four circulated in order until Lando Norris handed victory to his team mate on the final lap. There’s 27 minutes of our lives we’ll never get back.
Average rating: 3.9/10
The opening race of the season did not bode well for the year ahead. Max Verstappen won as he pleased, Red Bull so far ahead of the competition Perez was able to complete a one-two well ahead of their rivals.
Average rating: 4.4/10
Bahrain part two: Another dominant performance by Red Bull, though with some added interest provided by Oliver Bearman’s impressive debut at short notice for Ferrari.
Max Verstappen, Lando Norris, Red Bull Ring, 2024
Average rating: 4.8/10
The race which left everyone wondering why Norris, after working so hard to prise the lead out of Verstappen’s hands, left the door wide open for him at the next corner? A day later, Verstappen gave him a lesson in defending.
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Average rating: 4.8/10
Fired up by losing his pole position to a contentious call by the stewards, Verstappen brushed George Russell aside at the start, made sure the stewards did not overlook Norris failing to slow for yellow flags, and collected his ninth win of the year.
Average rating: 4.8/10
The race where Daniel Ricciardo briefly looked like he might get back in a Red Bull one day. Perez demoted him to fourth place, which was the only change of position in the top seven after the first lap in another less than riveting sprint race.
Average rating: 4.9/10
Norris dominated proceedings but flirted with disaster, touching the wall twice, and lost the bonus point for fastest lap to Ricciardo in what turned out to be his final race.
Lando Norris, McLaren, Interlagos, 2024
Average rating: 5.4/10
The McLaren pair held the top two places throughout, Piastri eventually letting Norris into the lead seconds before the Virtual Safety Car was deployed late on. Verstappen took third from Leclerc. This race marked the high point of Norris’s championship challenge, as he drew within 44 points of the lead.
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Average rating: 5.5/10
Norris chased down Verstappen over the final laps in a superbly tense finish, though his chances of passing the Red Bull around Imola always looked slim.
Average rating: 5.6/10
Norris started poorly, losing the lead to Hamilton and falling to the lower end of the points. Verstappen ascended to the head of the field and notched up another win.
Average rating: 5.8/10
Despite losing the lead to Verstappen at the start, Norris rebounded to inflict the first home defeat on the Red Bull driver.
Max Verstappen, Red Bull, Shanghai International Circuit, 2024
Average rating: 5.9/10
Verstappen won as he pleased but Norris rose to finish second in McLaren’s most competitive showing before their Miami upgrade.
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Average rating: 6.0/10
An untroubled win for Verstappen but there was plenty going on behind him as Norris’s tyres faded and the Ferraris attacked in the final laps. This was the highest-rated sprint race of the year.
Average rating: 6.0/10
After a first-lap red flag in response to Ricciardo and Alexander Albon crashing, Verstappen led a Red Bull one-two while the Ferrari pair overtook Norris.
Average rating: 6.2/10
Russell daringly passed Verstappen and Norris at the start, but couldn’t keep either behind, though the Red Bull driver had just over two seconds in hand at the flag.
Average rating: 6.5/10
The constructors’ championship fight enlivened what was otherwise a straightforward drive to victory by Norris. With Verstappen knocking Piastri into a spin at the start, and Leclerc mounting an unlikely recovery from 19th to the podium, Norris had to keep both Ferraris behind to had Norris slipped up McLaren would have lost the crown to Ferrari.
Carlos Sainz Jnr at the start of the 2024 Australian Grand Prix
Average rating: 6.5/10
When Verstappen unexpectedly succumbed to a brake problem early on, his nine-race winning streak (beginning in Japan the previous year) came to an end. Sainz, back after a weekend away due to an appendectomy, took a timely victory, as Lewis Hamilton’s impending arrival at Ferrari meant he was on the driver market.
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Average rating: 6.8/10
Norris made the costly mistake of letting Verstappen get by at the start, which put them on a collision course at the end of the race.
Average rating: 6.8/10
Unexpectedly, Mercedes were the team to beat in Las Vegas. Russell took a lights-to-flag win, while Hamilton recovered from 10th to complete a Mercedes one-two. Verstappen secured the title with a patient drive, avoiding fights with the faster Ferraris, who were busy scrapping between themselves.
Max Verstappen, Lewis Hamilton, Hungaroring, 2024
Average rating: 7.2/10
McLaren were comfortably quickest but Verstappen did his best to make a nuisance of himself for them and – not for the last time – compromised Norris’s chance to win. McLaren upheld their drivers’ original running order to the flag, telling Norris to get back behind Piastri.
Average rating: 7.3/10
Verstappen again thwarted Norris’s victory chances, forcing him off twice and allowing Leclerc by. Sainz took a fine farewell win for Ferrari.

Average rating: 7.4/10
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Armed with McLaren’s upgraded car, Norris was already making progress from fifth on the grid when a timely Safety Car intervention handed him the chance to score his first grand prix victory.
Average rating: 7.7/10
Leclerc made himself the darling of the tifosi by passing Norris’s McLaren at the start, then gambling on a one-stop strategy which allowed him to beat Piastri and take victory.
Average rating: 7.7/10
Verstappen and Norris resumed their battle from the previous day, the Red Bull driver defending with his usual vigour, until the pair clashed at turn three. Russell picked up the pieces and won while Nico Hulkenberg impressively beat Perez to sixth.
Start, Spa-Francorchamps, 2024
Average rating: 8.0/10
As Leclerc would do successfully in Italy, Russell gambled on a single-stop strategy to win. Unfortunately for the Mercedes driver, excessive plank wear caused a post-race disqualification.
Max Verstappen, Charles Leclerc, Interlagos, 2024
Average rating: 8.1/10
Verstappen recovered superbly from 17th on the grid in a wet race to move into contention for victory. Unable to pit during an early Virtual Safety Car period, he and the Alpine drivers benefited from a subsequent red flag, much to Norris’s frustration, as his championship chances effectively ended here.
Oscar Piastri, McLaren, Baku City Circuit, 2024
Average rating: 8.4/10
Piastri took revenge on Leclerc for Monza at the first opportunity, springing a surprise attack on the Ferrari driver to take victory from him in Baku. Meanwhile Norris, lucklessly eliminated in Q1 by an ill-timed yellow flag, recovered to a useful fourth, passing Verstappen on the way and gaining two more places when Sainz and Perez collided.
George Russell, Mercedes, Circuit Gilles Villeneuve, Montreal, 2024
Average rating: 8.4/10
Verstappen prevailed in a gripping, three-way fight between him, Norris and Russell which any of them could have won in slippery conditions which caught out Perez and Sainz among others.
Start, Silverstone, 2024
Average rating: 9.1/10
Unpredictable conditions made for a similarly thrilling British Grand Prix with even more potential victory contenders in the mix. Strategic errors took the McLaren drivers out of contention but Hamilton read the conditions perfectly and held on to end his longest-ever win-less streak – and on home ground to boot.
The 2024 British Grand Prix enters our top 10 best races, as rated by you, in 10th place.
Look out for our updated top 100 races, bottom 10 races and circuit ratings coming soon.
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Red Andy (@red-andy)
2nd January 2025, 7:50
Not a single sprint race in the top half. I know RaceFans users aren’t the target audience, but that’s pretty damning.
notagrumpyfan
2nd January 2025, 9:28
If you remove the protest votes (e.g. people voting 1 whilst claiming they don’t watch Sprint races) then all Sprint Races score significantly higher.
Especially the USA event would end up high in the total ranking.
This is a common issue with Social Media polls. But it does what it is supposed to do: more clicks and comments.
Maybe it’s time to move on to other sources which are more based on reviewing the events, results, and stats, rather than fishing for clicks & likes and then reporting on that in a round-up.
MacLeod (@macleod)
2nd January 2025, 8:05
And the rain effected races are on top … Still I would remove the top and lowest scores to get a real score as an 1 for a race is silly and i didn’t saw a race worth for a 10 (while the race in Brasil I rated as a 9 came near)
wsrgo (@wsrgo)
2nd January 2025, 9:39
Pretty sure Russell was not disqualified at Spa for plank wear, but for his car being underweight.
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Government should continue capex focus and raise it by 10-12 pc in February budget: Jefferies – The Tribune India

New Delhi [India], January 2 (ANI): The government should increase capital expenditure (capex) by 10-12 per cent in the upcoming Union Budget 2025-26 to ensure that it maintains its focus on infrastructure development and instils confidence among stakeholders said a report by Jefferies.
The report emphasized that sustained capex growth is crucial for economic momentum, especially in a year of transition following elections.
It said “10-12 per cent YoY capex growth in Feb budget, based on broadly maintaining capex to GDP ratio, is needed for confidence that government capex focus continues”.

The FY26 Union Budget will be closely monitored for signs of double-digit capex growth. The report noted that the FY25 budget upheld a 16 per cent year-on-year (YoY) growth in government capex as projected in the interim budget, even after accounting for the election results.
It highlighted the need for a 10-12 per cent YoY growth in capex in the February budget, which would broadly maintain the capex-to-GDP ratio and demonstrate the government’s continued focus on infrastructure investment.

While overall capex, including that of public sector enterprises (PSEs), has shown a 16 per cent YoY increase compared to 13 per cent in the interim budget due to a 10 per cent upward revision in PSE spending, actual expenditures have been underwhelming.
The report stated government capex declined by 15 per cent YoY during the first seven months of FY25. To achieve even a modest 5 per cent growth for the fiscal year, a 32 per cent YoY increase in spending will be required between November 2024 and March 2025.
The report attributed the slow execution in capex to the election year, where ministries often take time to stabilize. It considered the current trend a temporary deviation rather than a sign of longer-term inefficiencies.
On the defence front, the report projected a 7-8 per cent compound annual growth rate (CAGR) in spending from FY24 to FY30, consistent with trends over the past decade.
The key drivers for growth in the defence sector include domestic manufacturing, import substitution, and exports, rather than substantial increases in government spending.
With current policies, the domestic defence sector presents an opportunity worth USD 100-120 billion over the next 5-6 years, implying a visible 13 per cent CAGR in the industry. If export opportunities materialize, this could rise to a 15 per cent CAGR, providing a significant boost to domestic companies. (ANI)
(The story has come from a syndicated feed and has not been edited by the Tribune Staff.)
The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).
Remembering Sardar Dyal Singh Majithia

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Ohio Lottery Powerball, Pick 3 Midday winning numbers for Jan. 1, 2025 – The Cincinnati Enquirer

The Ohio Lottery offers multiple draw games for those aiming to win big. Here’s a look at Jan. 1, 2025, results for each game:
Powerball drawings are held Monday, Wednesday and Saturday at 10:59 p.m.
06-12-28-35-66, Powerball: 26, Power Play: 3
Check Powerball payouts and previous drawings here.
Drawings are held daily, seven days a week, at 12:29 p.m. and 7:29 p.m., except Saturday evening.
Midday: 3-2-7
Evening: 3-8-1
Check Pick 3 payouts and previous drawings here.
Drawings are held daily, seven days a week, at 12:29 p.m. and 7:29 p.m., except Saturday evening.
Midday: 0-9-5-2
Evening: 3-4-7-5
Check Pick 4 payouts and previous drawings here.
Drawings are held daily, seven days a week, at 12:29 p.m. and 7:29 p.m., except Saturday evening.
Midday: 0-7-3-2-4
Evening: 9-4-5-9-8
Check Pick 5 payouts and previous drawings here.
Drawings are held daily, seven days a week, at approximately 7:05 p.m.
08-21-22-24-36
Check Rolling Cash 5 payouts and previous drawings here.
Drawings are held Monday, Wednesday and Saturday, at approximately 7:05 p.m.
09-16-28-29-45-47, Kicker: 1-7-7-2-4-1
Check Classic Lotto payouts and previous drawings here.
Drawings are held daily, seven days a week, at approximately 10:35 p.m.
07-15-17-39-40, Lucky Ball: 16
Feeling lucky? Explore the latest lottery news & results
Winning lottery numbers are sponsored by Jackpocket, the official digital lottery courier of the USA TODAY Network.
Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets.
You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Puerto Rico, Texas, Washington, D.C., and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer.
Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. GAMBLING PROBLEM? CALL 1-800-GAMBLER, Call 877-8-HOPENY/text HOPENY (467369) (NY). 18+ (19+ in NE, 21+ in AZ). Physically present where Jackpocket operates. Jackpocket is not affiliated with any State Lottery. Eligibility Restrictions apply. Void where prohibited. Terms: jackpocket.com/tos.
This results page was generated automatically using information from TinBu and a template written and reviewed by an Enquirer digital news director. You can send feedback using this form.

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BBVA's Bold Crypto Move: Garanti BBVA Kripto To Launch Public Trading Services – TronWeekly

TronWeekly
Crypto World News
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According to the reports, Garanti BBVA Kripto, a Turkish crypto custody platform under BBVA, Spain’s second-largest bank, is expanding its services to include digital currency trading. This move comes after the full implementation of the European Union’s Markets in Crypto-Assets (MiCA) regulation, which officially took effect on December 30, 2024.
As MiCA brings regulatory clarity, it has paved the way for financial institutions across Europe to embrace crypto services, with many expected to launch by the first quarter of 2025.
The $857 billion banking giant BBVA is doubling down in the digital currency space in 2023. Garanti BBVA Kripto, operated by Turkey’s fifth-largest bank, had already been piloting digital currency trading services. As of January 2024, its platform was advertising the service, though at one point, it was unavailable to the general public.

Now that MiCA has emerged, Garanti BBVA Kripto will broaden the number of crypto traders, having open doors with them very soon. The on-market execution of the trading capability of the platform has roped in a leading Spanish crypto exchange, Bit2Me, which is quite intense on its way to mainstream digital currencies.
The deal is part of a string that has swept Europe. Bit2Me’s Chief Sales Officer, Abel Peña, expects many European banks to provide crypto spot trading services by 2025. Over 50 financial institutions, with which the company is already in close contact, are likely to offer such digital currency services at the beginning of next year.
The MiCA regulatory certainty, plus the success of the U.S. Bitcoin spot ETFs, have combined to fire up enthusiasm for digital currency among banks. According to Peña, banks can’t ignore the increasing demand for Bitcoin and other digial currencies as an asset class anymore.
By doing so, BBVA is following in the footsteps of the big European financial names, such as Deutsche Bank and Société Générale, which have been making steps toward integrating digital currency services. As European banks further open their arms to digital assets, the crypto landscape will look very different, and that sooner rather than later, with Garanti BBVA Kripto at the forefront.
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