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Citing court documents dating back to March, the news source said the issue stems from a discussion of an injection of capital into the company last year when the platform was first launched.As the talks continued, Zhao reportedly told Sequoia in mid-December – when the price of bitcoin hac surged to a record high of nearly ,000 – that a proposed valuation of million for an 11 percent stake in the firm would not match the expectations of the firm's shareholders.Bloomberg states that, although the firms planned to settle the matter in arbitration, Sequoia turned to the court to prevent Binance from talking to other potential investors.The court in Hong Kong has reportedly ordered Zhao not to talk to other investors until a hearing can be held to rule whether Zhao is liable over the allegations.

India accuses Pakistan of orchestrating a separatist revolt in Indian-controlled Kashmir.India blamed Pakistan for the attack and said it would make its rival pay for the “misadventure”.Police superintendent Imtiaz Hussain said artillery shells fired by the Pakistani army fell in the Uri area and hundreds of villagers had fled from their homes.Indian forces returned artillery fire, an Indian officer said, the first time the heavy guns had been used since a 2003 ceasefire along the disputed frontier.The two armies have been exchanging intermittent small arms and mortar fire over the past couple of years as relations have deteriorated.

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