Binance to face lawsuit over selling unregistered token to investors resulting in losses

A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world’s largest cryptocurrency exchange, of violating U.S. securities laws by selling unregistered tokens that lost much of their value. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said investors in the proposed class action plausibly alleged…

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Chinese women envision a future with no husband and no children as economy stutters

Freelance copywriter Chai Wanrou thinks marriage is an unfair institution. Like many young women in China, she is part of a growing movement that envisions a future with no husband and no children, presenting the government with a challenge it could do without. “Regardless of whether you’re extremely successful or just ordinary, women still make…

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Nikki Haley, Trump rival suspends presidential campaign, Biden woos her supporters

Nikki Haley on Wednesday suspended her United States presidential campaign for the Republican nomination after Donald Trump won the Super Tuesday. But she said former President Trump must bring her supporters into his fold. The former South Carolina governor, who became Trump’s UN ambassador and the first prominent woman of colour to seek the Republican…

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British finance minister Hunt dampens tax cut speculation but promises held ahead of election

British finance minister Jeremy Hunt sought to dampen speculation about big pre-election tax cuts in this week’s budget, saying there had been a worsening in the economic outlook, but he hinted at some help for voters. The forecasts that underpin the budget “have gone against us,” Hunt told the Sunday Telegraph in comments that appeared…

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Crypto asset markets: IMF calls for vigilance to growth, interlinkages with financial institutions.

The International Monetary Fund (IMF) has called on member countries to remain vigilant to the growth of cryptocurrency asset markets and their interlinkages with incumbent financial institutions. It warns that widespread adoption of crypto assets in low income countries could undermine the effectiveness of monetary policy, circumvent capital flow management measures, exacerbate fiscal risks, and…

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