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Monkeypox Can Be Contained If People Recognize It, WHO Says
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India to Limit Sugar Exports in Risk to Global Food Prices
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First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem
Good morning. Here’s what’s happening:Prices: Bitcoin, ether and most other major cryptos declined a day before the U.S. central bank announces its latest interest rate decision.Insights: Should the Ethereum network be subject to U.S. securities law? That question is at the heart of an SEC case against crypto promoter Ian Balina.Catch the latest episodes of… […]
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Ether Funding Rates Revert to Normal Days After Successful Merge
Shaurya is an analyst/editor for CoinDesk’s markets team in Asia.Funding rates on ether (ETH) futures have reverted to normal levels nearly a week following the Merge, during which a popular trade saw traders paying unusually high fees in order to remain in their positions.Such trades led to unusually large liquidations on ether futures, with weekly… […]
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Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD
Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.Decentralized finance (DeFi) platform Coin98 has rolled out its own dollar-pegged, decentralized stablecoin aiming to become a way to move value across different chains, Coin98 announced on Monday in a statement.The move comes as the… […]
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Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
Tether has been ordered by a U.S. Judge in New York to produce financial records relating to the backing of USDT as part of a lawsuit that alleges Tether conspired to issue USDT as part of a campaign to inflate the price of bitcoin.The order requires Tether to produce “general ledgers, balance sheets, income statements,… […]
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Crypto Needs ‘Global Regulatory Framework,’ IMF Says
Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings. The International Monetary Fund (IMF) has called on financial regulators around the world to come together to develop a “global regulatory framework” for crypto assets.In a blog post published on Tuesday, Aditya Narain and… […]
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Germany pushes for nuclear energy EU sanctions in next package
BERLIN, April 17 (Reuters) – Germany is pushing for the European Union to include the civilian nuclear sector in the bloc’s new sanctions package against Russia, the Economy Ministry said on Monday.The European Union in February approved a 10th package of Russia sanctions on the anniversary of Moscow’s invasion of Ukraine, but hundreds of millions… […]
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Biden Says ‘Everybody Should Be Concerned’ About Monkeypox
Topline President Joe Biden said Sunday that everyone “should be concerned” about monkeypox—an uncommon virus that can cause rashes, fever and in rare cases, death—as more cases are reported across the world, including two infections in the U.S. US President Joe Biden speaks as he meets with members of his administration in Washington, DC on… […]
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HSBC shareholder Ping An to vote for bank’s break-up at annual meeting -source
HONG KONG/LONDON, April 17 (Reuters) – HSBC’s (HSBA.L) biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer’s thinking said on Monday.The source said Ping An would vote in favour of two resolutions tabled by… […]