Shell Financial News

According to one of the United States’ most prominent banking officials, cryptocurrency companies that operate many organizations in various nations should be under the control of a single, consolidated “home” regulator. This, to prevent them from engaging in “games” meant to circumvent laws.

Tether, the issuer of the largest stablecoin, has called the Wall Street Journal report “wholly inaccurate and misleading. The WSJ report accused the firm of using falsified documents and shell companies to open bank accounts in 2018. The report stated that the company had opened accounts under the names of executives from various companies. This was done in order to continue to be part of the global financial system.

BEIJING – China-based companies now have more clarity on whether they can list overseas in the U.S.

Failed crypto tycoon Sam Bankman-Fried invested $1 billion into Genesis Digital Assets, a bitcoin miner in Kazakhstan, just months before the collapse of his FTX platform heralded a crypto winter that's looking more like an ice age. Bankman-Fried made the investment, the crypto exchange's biggest, through Alameda Research, the FTX-linked hedge fund that's at the center of his firm's bankruptcy, the Wall Street Journal reported.

The US crypto exchange Coinbase has agreed to shell out a total of $100m to settle a complaint relating to “certain historical shortcomings” in its regulatory compliance work.

As I was reading the news and following the FTX fiasco developments, I wondered, “What would centralized exchanges do now?” How should they market and position themselves?

National regulators across Europe are being urged to take a tougher line on City firms relocating after Brexit, as the bloc's markets watchdog finds more evidence that many are operating empty shells on the continent to meet new access rules.

They are accused of defrauding hundreds of thousands of people, tricking them into entering into fraudulent rental contracts for crypto mining equipment and getting them to invest in a virtual currency bank that never launched.Victims paid more than $575 million to Potapenko and Turõgin’s companies. The men then used shell companies to launder the proceeds and to purchase real estate and luxury cars, according to the indictment.US Attorney Nick Brown for the Western District of Washington says: "These defendants capitalised on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme."The men are charged with conspiracy to commit wire fraud, 16 counts of wire fraud, and one count of conspiracy to commit money laundering.

Two Estonian nationals have been arrested for alleged involvement in crypto-related fraud and money laundering activities worth some $575m.

Two Estonian citizens were arrested in Tallinn after having been charged with their alleged involvement in a $575 million (€560m) cryptocurrency fraud and money laundering conspiracy, the US Justice Department revealed on Monday.

One of the largest oil and gas companies in the world, Shell, aims to offer its lubricant and cooling solutions to bitcoin (BTC) miners.

Ukraine’s first lady has urged Russians to watch Euronews and not Russia Today, as she spoke about disinformation being spread about the war in Ukraine and the need for the truth to be shown.

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The debate over creator fees or royalties on NFTs has been going on for a while now. Both sides, the creators and collectors, have made their case as to why or why not there should be royalty on top of the sale price of an NFT.

Brazilians have spent more money than ever buying cryptoassets this year – and in May shattered previous spending records by shelling out a combined USD 912 million on coins.

Americans dined out less as inflation surged this summer, but couldn’t resist shelling out more at coffee and pastry shops.

Workers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday.

Biden administration officials struck a more conciliatory tone with oil-company executives in a meeting Thursday to discuss potential responses to record-high gasoline prices.

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HSBC is looking to enter the voluntary carbon market for the first time, joining Citigroup, BP and Shell as the market for climate-related financial products heats up.