Cayman Islands Financial News

10.04 / 12:13

Blockchain Digital Platform Intuit exclusive innovations Digital investment platform Linqto to list on Nasdaq via SPAC

Linqto, a digital platform that enables accredited investors to invest in leading unicorns and private tech companies, is to list on the Nasdaq through a merger with a special interest acquisition company.

01.04 / 01:37

markets UPS SUN Trade country Relationships Over 90% of derivative traders lost money: Why you must avoid the trap of derivative trading

stock market, but eventually lose it all. They are then forced to flee or face jail time. I mentioned Shivraj Puri, who was first arrested in 2011 for scamming Citibank customers, in Gurugram, out of about Rs.400 crore while working as a relationship manager.

21.03 / 13:01

Blockchain Ethereum Digital ETF security BlackRock gatherings BlackRock claims tokenisation first

The firm has launched its first tokenised fund on a public blockchain.

23.02 / 14:25

Adoption Custody Canadian Crypto Custody Firm Balance Sees Assets Reach $2 Billion Amid Market Recovery

Balance, a digital asset custodian based in Canada, has revealed that it has once again achieved $2 billion in assets under custody (AUC) amid the recent recovery in crypto markets.

20.02 / 07:41

Legal FTX Top Crypto Hedge Fund Faced Swiss Raid Over FTX-Linked Losses

Prominent crypto hedge fund Tyr Capital Partners faces allegations of “criminal” mismanagement and was raided by a Swiss prosecutor over losses incurred in relation to FTX.

14.02 / 17:44

WhatsApp hospital Narayana Health Q3 Results: Net profit jumps 22% YoY to Rs 188 crore

Revenue rose 6.7% YoY to Rs 1203.6 crore.

24.01 / 13:55

Reuters lending crypto regulation country reports Investigations International Nexo Seeks $3B in Damages from Bulgaria Over Aborted Investigation Affecting US Stock Listing

Crypto lender Nexo has started a legal battle seeking $3 billion in damages from Bulgaria following an aborted criminal investigation that the company claims derailed its plans for a US stock market listing and a soccer sponsorship deal.

09.01 / 13:21

ETF Platform Strategy Align community Trade Bitcoin CoinDCX offers 1% bonus to investors shifting from foreign crypto platforms

CoinDCX is offering a 1% bonus to all investors who wish to shift their holdings to the platform in a bid to capitalise on the government’s crackdown on offshore crypto trading platforms. CoinDCX has earmarked $1 million as incentives for investors looking to withdraw from offshore crypto exchanges, with a cap of Rs 10,000 per person. Through this initiative, the exchange expects a 500% surge in fresh inflows, contributing to an overall 10,000% increase in cryptocurrency deposits, Minal Thakur, EVP, Growth & Strategy at CoinDCX told ET. “In alignment with our unwavering commitment to the community, we have dedicated $1 million to incentivise users transitioning to CoinDCX,” Thakur said.

01.01 / 07:21

Binance CEO prevention Binance CEO 'CZ' Changpeng Zhao steps down and pleads guilty to anti-money laundering charge

The founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty on Tuesday to a felony charge that he failed to take steps to prevent money laundering as the company agreed to pay more than $4 billion (€3.6 billion) following an investigation by the US government.

01.01 / 00:30

SEC Pool Experts country information reports Revised standards bring in some leeway for FPIs

investors (FPI) betting on India. Among the offshore funds who were put off by the onerous disclosure rules imposed by the Indian capital market regulator, some now have a leeway. A number of FPIs that are pooled-vehicles from countries like Mauritius, Singapore, and Cayman Islands — though not from the US — will be able to meet the regulatory conditions that would exempt them from the new rules that require funds breaching certain exposure levels to reveal the identities of all its investors down to the last natural persons.

12.12 / 12:39

Citi CEO economy Parke show country reports Why Abu Dhabi is becoming wildly popular with billionaires

Global Guardian CEO Col. Dale Buckner comments on threats facing the U.S. in China and the Middle East.

06.12 / 00:43

IPO Provident CEO stage testing prevention Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings

BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were once driven mostly by Chinese startups.

03.12 / 05:21

Action Software Deloitte Experts show Sharp decline in FDI into India from Cayman Islands, Cyprus during April-Sep

Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed.

26.11 / 16:43

Provident Digital Platform Inside BC Technology Group Halts Trading Amid Notifiable Transaction

The trade of BC Technology Group Limited's shares on The Stock Exchange of Hong Kong Limited will be halted beginning at 9:00 a.m. on Monday, November 13, 2023, according to an announcement made by the company. This decision was taken in advance of a scheduled announcement about a large deal, which is regarded as business inside knowledge.

24.11 / 16:22

Ethereum Digital Strategy economy Bitcoin 2020 Nomura's Laser Digital Launches Ethereum Adoption Fund for Institutional Investors

Laser Digital, a subsidiary of financial services giant Nomura, has launched an Ethereum Adoption Fund aimed at institutional investors, as announced on 9th November 2023. This fund, centered in London and Dubai, is a strategic move to bolster the presence of Ethereum in the investment portfolios of institutions, enhancing the digital asset's footprint in the global financial market.

24.11 / 16:22

FIVE Digital information OneCoin's Former Legal Head Pleads Guilty to Fraud and Money Laundering

Irina Dilkinska, the former «Head of Legal and Compliance» of OneCoin, has pleaded guilty to wire fraud and money laundering charges. This plea marks a crucial step in the ongoing investigation into the multi-billion dollar pyramid scheme that defrauded investors worldwide.

22.11 / 07:05

FIVE Binance CEO Platform Actor reports prevention NOT Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering

The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange

21.11 / 21:31

FIVE Binance Platform Actor Inside reports prevention Binance founder pleads guilty to anti-money laundering charge, steps down

The U.S. government dealt a massive blow to the world’s largest cryptocurrency exchange Binance as its founder, Changpeng Zhao, pleaded guilty to a felony charge Tuesday related to his failure to prevent money laundering on his platform.

10.11 / 19:45

crypto regulation crypto tax Bitcoin country information reports Department 47 Countries Adopt New CARF Framework on Automatic Exchange of Information Between Tax Authorities

A consortium of 47 countries, including the US, the UK, and Australia, have adopted a new framework for the automatic exchange of information between tax authorities.

10.11 / 10:29

regulation Taxes OECD 47 countries pledge to authorize the crypto-asset reporting framework by 2027

Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into their domestic law systems. The statement was published on Nov. 10.

10.11 / 01:33

Law regulation Scams Fraud Cryptoqueen’s OneCoin legal chief pleads guilty to fraud

The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court.

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