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Iranian Parliament Speaker Qalibaf: Violating the ceasefire agreement will have clear costs and consequences.On April 9th, the General Office of the State Council issued "Several Measures on Accelerating the Construction of a Hierarchical Medical System." The measures propose accelerating the improvement of support policies for the development of closely integrated medical consortia, implementing fiscal subsidy policies as stipulated, and optimizing the salary system. They also call for improving differentiated payment policies for basic medical insurance, appropriately widening the reimbursement levels for inpatient care at different levels of medical and health institutions according to local conditions. Furthermore, they aim to rationally determine payment coefficients for different levels and types of medical and health institutions, increasing support for primary care. The measures also include implementing policies on general consultation fees for primary care institutions, accelerating the standardization of the scope of diseases covered at the primary care level at the provincial level, and implementing "same disease, same payment" for primary care diseases across different levels of medical and health institutions within the same region. Finally, the measures aim to enhance public awareness and acceptance of hierarchical medical services and establish a standardized and orderly approach to medical treatment.On April 9th, the General Office of the State Council issued "Several Measures on Accelerating the Construction of a Hierarchical Medical System," proposing 13 targeted measures in four aspects. These include: 1. Improving the collaborative mechanism of hierarchical medical services by leveraging closely integrated medical alliances; 2. Guiding the public to seek initial treatment at primary care facilities, focusing on common and chronic diseases; 3. Strengthening referral service management with the aim of improving the continuity of medical care; and 4. Improving diversified support measures for hierarchical medical services.UAE Ministry of Defense: On April 9, 2026, the UAEs air defense system did not detect any ballistic missiles, cruise missiles or incoming drones from Iran.According to CNBC, Meta Platforms (META.O) has pledged an additional $21 billion investment in CoreWeave.

Lawsuit accuses troubled crypto lender Celsius Network of fraud

Skylar Shaw

Jul 08, 2022 14:54

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On Thursday, a former investment manager at Celsius Network filed a lawsuit against the cryptocurrency lender, alleging that it had frozen client funds and had rigged the price of its own cryptocurrency token using user contributions.


According to the lawsuit, Celsius engaged in "gross mishandling of client deposits" in order to enrich itself and deceived plaintiff KeyFi Inc, controlled by former manager Jason Stone, into delivering services worth millions of dollars while refusing to pay for them.


The complaint was filed in Manhattan's New York state court and demands both specific compensation and punitive damages; Celsius has not yet responded.


Stone's charges come after Celsius decided on June 12 to halt transfers and withdrawals for its 1.7 million clients due to "extreme" market circumstances.


Later, the Hoboken, New Jersey-based business recruited consultants to discuss a potential debt restructure that would include declaring bankruptcy.


While the cryptocurrency hedge fund went into liquidation late last month, the crypto lender Voyager Digital Ltd filed for bankruptcy protection this week.


Celsius guaranteed retail consumers disproportionate returns, up to 19% yearly.


However, Stone said that Celsius had trouble paying investors because it neglected to hedge its bets, leading to "severe" losses when the value of several currencies changed.


He also claimed that Celsius had a $100 million to $200 million hole in its records that it "could not completely explain or rectify" because certain deposits were recorded on a U.S. dollar basis even though clients were paid in bitcoin or other digital currencies.


The case filed on Thursday claims that Stone produced $838 million in profit for Celsius and KeyFi before expenses and overhead from August 2020 to March 2021 while mostly operating without a formal agreement, with KeyFi being entitled to 20% of net profit.


When it became apparent that the hedging difficulties "may be financially ruinous" for Celsius and harm KeyFi's image, Stone claims he ended the connection in March 2021. However, Stone claims that Celsius has refused to accept his resignation.


KeyFi Inc. v. Celsius Network Ltd. et al., New York State Supreme Court, New York County, is the name of the case.

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