Cayman Islands Financial News

19.10 / 06:57

Law regulation Scams Ponzi scheme Cryptoqueen 'Cryptoqueen' associates face German court for role in $4B OneCoin scheme

Three associates of fugitive OneCoin founder Ruja Ignatova, known colloquially as the “Cryptoqueen,” have faced a German court over allegations of fraud, money laundering and banking crimes.

17.10 / 21:03

business Blockchain Binance regulation Framework regulatory New allegations arise regarding Binance's regulatory framework

On Oct. 17, a new report published by Reuters alleged that cryptocurrency exchange Binance "swerved scrutiny" from regulators in the United Kingdom and the United States. The main spearhead of the allegations arises from two supposed incidents in its operating history.

28.09 / 16:41

Adoption regulation regulatory approval regulatory Crypto.com scores fresh regulatory approval in France

Singapore-based digital asset platform Crypto.com scored a major regulatory approval in France. The digital asset platform was approved to register as a Digital Asset Service Provider (DASP) by the stock market regulator Autorité des marchés financiers (AMF). The approval was granted after the platform received clearance from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator in the country.

10.09 / 02:01

regulation regulatory approval regulatory Dubai grants regulatory approval for Blockchain.com office: Report

Blockchain wallet and cryptocurrency exchange platform Blockchain.com has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA.

06.09 / 13:01

Citi CEO PwC Move-to-earn App STEPN to Land in Hong Kong's Cyberport

Move-to-earn app STEPN announced that is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.

09.08 / 10:33

cryptocurrency Binance WazirX Deal Binance-WazirX spat: Opaque ownership, a hazy acquisition deal, and off-chain transactions

“We always thought that Binance owned WazirX. Binance even sent all of us WazirX employees Apple watches last year during their anniversary around July,” said a former WazirX employee requesting anonymity.

02.08 / 16:25

business Government Bitcoin Blockchain.com wins registration next to parent firm on the Cayman Islands

Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.

27.07 / 15:07

Digital Extreme CEO Platform Time open Big Time Studios Announces OPEN LOOT Platform & Gaming Fund

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

20.07 / 01:07

business Investments Bitcoin Withdrawals SkyBridge Skybridge announces suspension of withdrawals from of its one crypto-exposed funds

Skybridge Capital has suspended withdrawals from its Legion Strategies fund – one of the firm’s funds with crypto exposure. Founder Anthony Scaramucci confirmed the move July 19 in an interview on CNBC, after Bloomberg reported it a day earlier citing anonymous sources.

11.07 / 22:13

Binance regulation Customers REPORT: Binance allegedly continued to serve Iranian customers, despite ban and sanctions

Global cryptocurrency exchange Binance is under the spotlight as a report claims it continued serving Iranian clients despite a company ban and economic sanctions against the country.

06.07 / 13:31

BLOCK Platform coinbase ABRA Bullish.com to Layoff Staff amid Market Downturn

Cryptocurrency exchange Bullish.com has joined other crypto companies in making layoffs to tackle the massive market downturn.

17.05 / 15:39

UPS Lowe's Tether Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin's backing

Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world's largest stablecoin.

20.04 / 09:13

business IPO Investments NASDAQ Crypto focused SPAC raises $115M in Nasdaq IPO

Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its IPO on Nasdaq and raised $115 million, with a focus on crypto industry assets.

18.04 / 19:23

business Binance partnership Joint Venture Gulf Energy pursues joint venture with Binance, invests in BNB

Thailand-based Gulf Energy has made strategic investments in cryptocurrency exchange Binance US and signaled its pursuit of a joint venture with the global Binance exchange as part of a targeted effort to gain exposure to the digital asset market.

11.04 / 14:11

cryptocurrency Binance coinbase BitMEX How the Crypto Industry is Increasingly Paying Its Share of Tax

Crypto is now a billion-dollar industry. While reports covering the entire sector are patchy and overly conservative, filings from individual companies speak to the growing scale of crypto, with Coinbase and Blockchain.com alone generating USD 7.35bn and USD 1.5bn in revenue in 2021, respectively.

03.04 / 02:41

lawsuits Deutsche Bank set to face investor lawsuits over allegations it enabled US Ponzi scheme

Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme.

01.04 / 11:17

Binance Altcoins Legal Binance Wins Day in Court, US Judge Dismisses Lawsuit

Major crypto exchange Binance won a battle in court on Thursday.

01.04 / 10:57

lawsuits Deutsche Bank set to face investor lawsuits over allegations it enabled US Ponzi scheme

11.03 / 07:53

business Blockchain defi LA Token launches LACHAIN to bridge Ethereum-based networks

Crypto platform LA Token has become the latest exchange to launch its own blockchain with the LACHAIN network which it hopes will give its users access to decentralized finance (DeFi) products and a bridge between other networks.

23.02 / 05:55

business Stablecoin Tether Report reserves Tether slashes commercial paper by 21% in latest reserves attestation

USDT stablecoin issuer Tether cut its reserves allocation to commercial paper by more than one fifth between September and December last year, dropping from around $30.5 billion to $24.16 billion.

17.02 / 18:55

Binance regulation Middle east regulatory Binance stopped 'all activities focused on Israel' following regulatory request: Report

Major crypto exchange Binance has reportedly halted activities and marketing to Israelis following a request from one of the country’s financial regulators over licensing.

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