Cayman Islands
Coverage of Cayman Islands in the Nexus archive.
- Earthquake with 6.1 magnitude hits offshore Cuba, shaking buildings in Havana
A 6.1 magnitude earthquake struck offshore western Cuba, shaking buildings in Havana and Florida. No injuries or damage were reported, though evacuations occurred in Miami-Dade County. The quake was linked to the Oriente fault zone, which has caused damaging earthquakes in recent centuries.
- China’s Moonshot AI moves to unwind offshore structure in IPO pursuit: sources
Moonshot AI, a Chinese AI unicorn behind the Kimi chatbot, plans to dismantle its offshore structure and remove its variable interest entity (VIE) structure to facilitate an initial public offering, likely in Hong Kong. The Beijing-based startup has sought shareholder feedback on the proposed restructuring plan.
- How to get a US bank account for an offshore crypto fund with USDC and USDT support on Solana and Ethereum
A crypto fund based in the Cayman Islands is seeking a US bank account that supports USDC and USDT on Solana and Ethereum, with FDIC insurance and proper US banking rails. The fund has struggled to find a bank that will work with offshore entities and stablecoins. They require unique deposit addresses per investor to track payments.
- Private firms providing services to NHS made £1.6bn profit in two years, research finds
Private firms providing services to the NHS generated £1.6bn in profits over two years, according to research. MPs criticized the 'scandalous' profit levels, calling for a cap on private sector earnings, with £2bn of contracts going to UK-based firms and £533m to tax haven-based companies. £353m was used to pay debt interest by firms, including private equity outfits.