US sanctions Dubai-based crypto exchange over alleged Iran sanctions evasion and IRGC funding

Source: The Times of India· Vijaya Srivastava· August 7, 2026

The United States sanctioned Dubai-based Shelbit for processing millions for Iran's state entities. This action targets sanctions evasion through cryptocurrency networks, as announced by the Treasury Department. Shelbit allegedly facilitated transactions for …

This story was reported by The Times of India. Read the full original article:

Read on The Times of India

More in Business & Funding

View all

#739: First Friday: We Lost 23,000 Jobs, Yet Somehow Unemployment is Down?!?!

Why did I just buy my first bond ever, after years of being 100% invested in stocks? It comes down to a single number: 5.2%. That’s the highest 30-year Treasury yield we’ve seen since 2007, and it’s reshaping the calculus for every other investment out [...]

Affordanything.com · Aug 7, 2026

Semianalysis Agrees With NextBigfuture $300B Per Year for SpaceX by End of 2027

Semianalysis agrees with my analysis of SpaceX getting up to $300 Billion per year by end of 2027. Spot prices are higher. The AI lease rates make sense. Coreweave and Nebius are spreading out fixed premium GPUs annual prices but requiring 5 year lockin. 5 ye…

Next Big Future · Aug 7, 2026

Take-Two's CEO predicts streaming will 10x gaming's install base within three years

During Take-Two's first-quarter fiscal 2027 earnings call, CEO Strauss Zelnick put a number on it: he expects cloud gaming to reach commercial, low-latency viability within three years, potentially multiplying the effective installed base tenfold. He made the…

TechSpot · Aug 7, 2026

AI Is Bringing Retailers Their Best Customers but Not Closing the Sale

Retailers this quarter are reporting where artificial intelligence has actually changed how consumers shop, and where it has not. Etsy CEO Kruti Patel Goyal told analysts during a second-quarter earnings call Thursday (Aug. 6) that traffic from AI agent platf…

pymnts.com · Aug 7, 2026