Cayman Islands Financial News

An Ontario court placed Traynor Ridge Capital Inc. into receivership as regulators outlined the chaotic series of events that unfolded after the unexpected death of the hedge fund’s founder, Chris Callahan.

Tether, the preeminent stablecoin firm globally, has once again exemplified its resolve against illicit financial activities by freezing 32 cryptocurrency addresses, implicated in terrorism and warfare funding within Israel and Ukraine. The move showcases the intensifying collaboration between cryptocurrency establishments and global law enforcement to counteract the rising tide of digital-financed crime.

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a ...

tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. The landmark agreement, brokered by the Organization for Economic Cooperation and Development, set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens.

Bitcoin mining operations in the United States, owned by Chinese entities, are currently under investigation for potential issues that could threaten national security, according to the New York Times (NYT). 

Heavyweight creditors, a pair of Asian private equity firms and a reclusive rich lister. Here’s a messy deal to sink your teeth into.

Japan’s largest investment bank, Nomura’s digital asset subsidiary Laser Digital Asset Management, has launched a Bitcoin Adoption Fund for institutional investors.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Launched in October 2012, the Developed Markets Long Only fund is currently offered in a Cayman Islands Partnership structure and Irish domiciled ICAV.

The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao have been accused of misusing investor funds, operating as an unregistered exchange, and violating a slew of US securities laws in a lawsuit filed by US regulators.

digital currency firm co-founded by ChatGPT-founder Sam Altman. France's CNIL watchdog said in July that the legality of the Worldcoin biometric data 'seemed questionable'. «Checks took place at the Worldcoin offices,» a CNIL spokesperson said on Thursday, confirming an earlier Politico report that the checks occurred on Wednesday. Worldcoin officials did not immediately respond to an emailed Reuters request for comment on the CNIL's latest checks. The CNIL spokesperson declined further comment. Worldcoin requires users to provide their iris scans in exchange for a digital ID and, in some countries, in exchange for free cryptocurrency.

There are some passions that are larger than life, some so expansive that they cover the seven seas. For Rémi, a captain from Brussels, this is the case. 

Amidst a flurry of noteworthy developments in the crypto world, Bitcoin witnessed a slight dip, trading at $26,126 with a over 1% decrease on Friday. 

On August 24, Cryptocurrency lender Ledn partnered with Cayman's top crypto real estate broker, Parallel, to allow crypto investors to buy Cayman Islands real estate using digital assets.

On August 24, Cryptocurrency lender Ledn partnered with Cayman's top crypto real estate broker, Parallel, to allow crypto investors to buy Cayman Islands real estate using digital assets.

The Cayman Islands has long been an idyllic beach getaway for tourists, but the archipelago could soon welcome Bitcoin (BTC) holders as new residents through BTC-backed loans used to invest in real estate.

Egyptian authorities say two tankers have collided in a single-lane stretch of the Suez Canal, briefly disrupting traffic through the global waterway

Suez Canal within hours, the head of the canal authority said on Wednesday, following the collision of two vessels. «Slight contact» was made after liquefied natural gas (LNG) carrier BW Lesmes made a sudden stop due to a technical failure that coincided with a strong current that drove oil tanker Burri towards it, authority chairman Osama Rabie said. The canal authority responded by sending tugboats to move both ships, he said. Singapore-flagged BW Lesmes was successfully towed outside of the waterway, Rabie said, while Cayman Islands-flagged Burri could be seen approaching the southern end of the canal as of 12:00 pm local time, according to ship tracker MarineTraffic. The canal's north convoy will resume once Burri is towed, Rabie said. BW LNG AS, operators of BW Lesmes, reported the vessel ran aground transiting southbound through the Suez Canal at approximately 21:35 (1835 GMT) on Tuesday, BW Group said in a statement. The low speed collision did not affect the vessel's operational capabilities and the vessel «remains structurally sound,» it added. BW Lesmes was successfully re-floated at 03:30 a.m. local time on Wednesday and would undergo further inspections at Suez anchorage. The Suez Canal chairman said there did not appear to be any significant damage or pollution but that Burri had a steering failure that would require repair. TMS Tankers, which manages Burri, did not respond to requests for comment. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia. About 12% of the world's trade moves through the canal.

China Evergrande, which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a US bankruptcy court. The company sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the United States. An affiliate, Tianji Holdings, also sought Chapter 15 protection on Thursday in Manhattan bankruptcy court.

By Jonathan Stempel, Dietrich Knauth and Manya Saini

Sino Global Capital, led by Matthew Graham, has taken legal action against now-defunct crypto exchange FTX, filing a claim worth $67.3 million on behalf of its Liquid Value fund.