Coinbase has filed lawsuits in Connecticut, Michigan and Illinois over the regulation of betting platforms. The company is challenging the authority of state gaming regulators. The exchange believes that jurisdiction belongs to the CFTC, not individual states. Cryptocurrency exchange Coinbase has filed lawsuits in Connecticut, Michigan and Illinois. The goal is to prevent local regulators from controlling the operation of prediction markets. This was reported by the company's general counsel Paul Grewal.
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The Kingdom of Bhutan has announced a commitment to allocate up to 10,000 BTC, equivalent to approximately $1 billion, to fund the development of the special administrative zone — the “city of consciousness” of Gelephu (GMC) in the south of the country. Bhutan will allocate up to 10,000 BTC for the development of GMC. The country uses the first cryptocurrency as a strategic reserve for national prosperity. According to the King of Bhutan, every citizen will be a beneficiary of the crypto city.
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🔥Inflation data (CPI) has been released. Here's what we have so far: 🟠 Core CPI (YoY): 2.7% vs. 3.1% forecast, previous value: 3.0%. A stronger decline than expected is a very good sign. 🟠 Core CPI (YoY): 2.6% vs. 3.0% forecast, previous value: 3.0%. The same: slowing faster than the market expected. A positive sign. And we're already seeing a reaction to the data: BTC 🔼 ✔️ Overall, inflation is falling faster than the market expected, and there are no signs of a significant economic cooling. This is the perfect combination for a "soft landing." 🔥Inflation data (CPI) has been released. Here's what we have so far: 🟠 Core CPI (YoY): 2.7% vs. 3.1% forecast, previous value: 3.0%. A stronger decline than expected is a very good sign. 🟠 Core CPI (YoY): 2.6% vs. 3.0% forecast, previous value: 3.0%. The same: slowing faster than the market expected. A positive sign.
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