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Roger Ver, a cryptocurrency entrepreneur and Bitcoin Cash promoter, was arrested in Spain on charges of evading nearly US$50 million in U.S. taxes and committing mail fraud, according to the Department of Justice.
The indictment alleges that Ver failed to report capital gains from his substantial Bitcoin assets after renouncing his U.S. citizenship in 2014.
The DOJ is now seeking Ver’s extradition to face trial in the United States.
The case against Ver alleges that he and his companies, MemoryDealers and Agilestar, held approximately 131,000 Bitcoins in 2014, with the companies owning 73,000 of those.
The indictment alleges that Ver failed to report capital gains from his substantial Bitcoin assets after renouncing his U.S. citizenship in 2014.
The DOJ is now seeking Ver’s extradition to face trial in the United States.
The case against Ver alleges that he and his companies, MemoryDealers and Agilestar, held approximately 131,000 Bitcoins in 2014, with the companies owning 73,000 of those.
pi network licence listed us government USPTO
Officaly listed in pi network usptoAs the Pi Network community was still buzzing following the recent conclusion of the highly successful PiFest event, which saw participation from pioneers in over 155 countries, some major news was reported this week by Pi News Media on their Twitter account. According to the tweet, the United States Patent and Trademark Office (USPTO) has granted Pi Network's application to register "Pi" as a trademark.
Apple removes app of world’s biggest crypto exchange Binance from App Store in India Apple has take
Apple has taken down world’s biggest cryptocurrency exchange Binance. The company has also removed other apps like Kucoin, and OKX from its App Store. This move comes just days after the finance ministry warned nine companies that deal with virtual digital assets (VDAs) because they weren't following the country's laws against money laundering.On December 28, a warning was sent to Binance, Kucoin, Houbi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. They were accused of breaking the law in India because they didn't register and obey local tax rules. The finance ministry told the IT ministry to block these websites.The apps are still listed on Google Play Store for Android phones. However, if the cause is the same, Google might also follow suit and delist the 9 crypto apps from the Play Store. Business Today has reached out to Apple to confirm the cause behind the removal.
generative AI can add cummulative $1.2_1.5 trillion to india GDP by FY30
Alternative artificial intelligence gen AI has the potential adda a cummulative usd 1.2-1.5 trillion to india graiss domestic product over the next seven years the report forcast that by fully captailsing gen AI technology and it's application accross sector india can potentially and usd 359-438 billion fy2029-30 alone reflective a 5.9 percent to 7.2 percent increase over and above baseline GDP. Nearby 69 percent of the overall impact is expected to be devired from sector such as business service including IT legel constling outsourcing rentel of machinery and equipment and others fincial service education retail and healthcare
TokenFi Unveils Easy Token Launch Services on Ethereum Testnet
TokenFi’s latest offering comprises two main tools: the TokenFi Token Launcher and the TokenFi QuickLaunch
TokenFi, related to the Floki Inu project, has announced the launch of its new service designed to simplify the token creation process. This service allows users to create tokens on the Ethereum Goerli test chain with minimal technical expertise.
TokenFi’s latest offering comprises two main tools: the TokenFi Token Launcher and the TokenFi QuickLaunch Bot. These tools are designed to make launching a token accessible to a broader audience, requiring just a few clicks and no coding experience. The TokenFi Token Launcher is accessible via any desktop or mobile web browser, broadening its usability. In contrast, the TokenFi QuickLaunch Bot is integrated into popular communication platforms Telegram and Discord, offering an innovative approach to token creation.
TokenFi’s latest offering comprises two main tools: the TokenFi Token Launcher and the TokenFi QuickLaunch
TokenFi, related to the Floki Inu project, has announced the launch of its new service designed to simplify the token creation process. This service allows users to create tokens on the Ethereum Goerli test chain with minimal technical expertise.
TokenFi’s latest offering comprises two main tools: the TokenFi Token Launcher and the TokenFi QuickLaunch Bot. These tools are designed to make launching a token accessible to a broader audience, requiring just a few clicks and no coding experience. The TokenFi Token Launcher is accessible via any desktop or mobile web browser, broadening its usability. In contrast, the TokenFi QuickLaunch Bot is integrated into popular communication platforms Telegram and Discord, offering an innovative approach to token creation.
#$aniel Shin, Terraform Labs’ co-founder, has denied involvement in the notorious collapse of Terra amidst looming charges of fraud and embezzlement. On a day charged with legal tensions, Shin clarified his stance before the Seoul Southern District Court, categorically refuting any culpability in the financial fiasco that shook the crypto world.
Shin’s legal team, well-prepared and assertive, directed the blame towards Do Kwon, Shin’s former business partner and co-founder, painting him as the architect of Terra’s downfall. The defense highlighted Kwon’s alleged role in initiating external attacks on the company, contributing to the implosion of Luna Classic and the algorithmic stablecoin UST. They specifically underscored the mismanagement within the Anchor protocol, which they portrayed as a chief catalyst in Terra’s unfortunate spiral.
Anchor, a yield-generating platform atop Terra’s blockchain, promised UST depositors a staggering 20% interest, raising eyebrows and suspicion alike. Shin, who parted ways with Terra and Kwon in 2020, now finds himself in the hot seat, facing serious allegations that include breach of duty, embezzlement, fraud, and violation of South Korea’s Capital Markets Act.
The Legal Landscape and Kwon’s Predicament
While Shin battles the charges in South Korea, Kwon, now an international fugitive, faces a legal dilemma of his own. Detained at an airport, with a forged Costa Rican passport in his possession and a subsequent four-month prison sentence in Montenegro, Kwon could see up to 40 years in a South Korean prison if extradited and convicted.
Simultaneously, the U.S. also claims the right to try Kwon, further complicating the legal maze. The U.S. Securities and Exchange Commission, undeterred by these developments, continues its pursuit of legal action against Terra’s former head.
$LUNC
Shin’s legal team, well-prepared and assertive, directed the blame towards Do Kwon, Shin’s former business partner and co-founder, painting him as the architect of Terra’s downfall. The defense highlighted Kwon’s alleged role in initiating external attacks on the company, contributing to the implosion of Luna Classic and the algorithmic stablecoin UST. They specifically underscored the mismanagement within the Anchor protocol, which they portrayed as a chief catalyst in Terra’s unfortunate spiral.
Anchor, a yield-generating platform atop Terra’s blockchain, promised UST depositors a staggering 20% interest, raising eyebrows and suspicion alike. Shin, who parted ways with Terra and Kwon in 2020, now finds himself in the hot seat, facing serious allegations that include breach of duty, embezzlement, fraud, and violation of South Korea’s Capital Markets Act.
The Legal Landscape and Kwon’s Predicament
While Shin battles the charges in South Korea, Kwon, now an international fugitive, faces a legal dilemma of his own. Detained at an airport, with a forged Costa Rican passport in his possession and a subsequent four-month prison sentence in Montenegro, Kwon could see up to 40 years in a South Korean prison if extradited and convicted.
Simultaneously, the U.S. also claims the right to try Kwon, further complicating the legal maze. The U.S. Securities and Exchange Commission, undeterred by these developments, continues its pursuit of legal action against Terra’s former head.
$LUNC
Navi Mumbai Police seizes bank accounts worth more than Rs 32 crore in crypto fraud
With the increase in trading in cryptocurrencies in the last few years, cases of fraud in this segment have also increased. In one such case in Navi Mumbai, Maharashtra, cyber police have seized several bank accounts. An amount of Rs 32.66 crore is deposited in these accounts. In this case, in the complaint made by a person, it was said that a woman had asked him to invest money in cryptocurrency by luring him with good returns. Gajanan Kadam, senior police inspector of cyber police station in Navi Mumbai, said that they had received a complaint of fraud from a person in August. This person claimed to have invested more than Rs 6.6 crore in cryptocurrency trading. This person had initially received Rs 75 lakh as profit but later he stopped receiving the amount. Cyber police had registered this case under various sections of the Indian Penal Code and Information Technology Act. After this, during the police investigation, the accounts in which the complainant had deposited the money were traced. In the last few weeks, the police have seized some accounts containing more than Rs 32.66 crore. In this case, the police had arrested two persons from Ghatkopar, Mumbai last month. Investigation revealed that the arrested persons had given their mobile numbers, bank account details and check books to various people involved in this crime. Recently, there was a case of crypto related scam with thousands of people of Himachal Pradesh. This scam started in 2018. More than Rs 200 crore has been defrauded in this. In this case, a gang had asked people to invest money in crypto by luring them with higher returns in a short period.
Engineer loses Rs 1 crore to crypto scam, cheated by woman he met on matrimony site
An Ahmedabad-based software engineer found himself ensnared in a cryptocurrency scam, resulting in a staggering loss of over Rs 1 crore as cases of scams in India are witnessing an alarming surge, with unsuspecting victims losing their money to cunning swindlers.Kuldeep Patel, a software engineer, recently approached the cybercrime police narrating his ordeal of financial misfortune. Patel had encountered a woman named Aditi on a matrimonial website in June and what he thought was an innocent connection led him down a path of financial ruin.Aditi, who claimed to be engaged in import and export business in the UK, lured Patel into an investment scheme involving a cryptocurrency known as 'banocoin.'With persuasive words and promises of substantial returns, she convinced Patel to invest his money in this volatile digital currency. Patel, trusting Aditi's guidance, proceeded to engage with a purported 'customer care representative' of Banocoin.Under Aditi's influence, he registered on Banocoin's website and embarked on a series of investments, hoping to reap lucrative rewards. His initial investment of Rs 1 lakh yielded a profit of 78 USDT (US dollar tether).#crypto
#BTC Uzbekistan has published new regulations for the block reward mining sector that relegate the industry to only tapping solar power for operations.
Uzbekistan first legalized BTC mining through solar power in May 2022. In a presidential decree, the government noted that miners can still tap the national grid, but only if they are ready to pay twice as much as other industries. During peak demand periods, the grid operator can also levy additional fees. The decree also gave the newly formed Uzbek National Agency for Perspective Projects (NAPP) jurisdiction over the sector.
In its latest decree, the NAPP doubled down on miners only using solar energy to power their facilities. However, they can tap the grid in special cases as stipulated by the law. The order didn’t offer any details on these special cases.
Uzbek miners are barred from mining anonymous digital assets like Monero, which allow users to obscure transactions. While Uzbekistan is one of the few barring the mining of these digital assets, many other countries have banned their trading or listing. The EU, South Korea, and Japan have all prohibited anonymous digital assets to some degree.
In Uzbekistan, only legal and licensed entities can mine digital assets, as per the new decree. They must also register their operating facilities and refrain from conducting any mining activities beyond these recognized facilities. All miners must promptly pay all the mining fees imposed by the NAPP.
“The agency also asks all citizens to act within the framework of the law and refrain from attempting to organize activities in the field of circulation of crypto-assets without obtaining the appropriate license,” the agency said.
While Uzbekistan is tightening its BTC mining regulations, its neighbor Kazakhstan has been squeezing them out through exorbitant power prices. In a letter this week, miners implored the president to cut down the energy prices, saying they will all be forced to shut down if the prices remain as high.
Uzbekistan first legalized BTC mining through solar power in May 2022. In a presidential decree, the government noted that miners can still tap the national grid, but only if they are ready to pay twice as much as other industries. During peak demand periods, the grid operator can also levy additional fees. The decree also gave the newly formed Uzbek National Agency for Perspective Projects (NAPP) jurisdiction over the sector.
In its latest decree, the NAPP doubled down on miners only using solar energy to power their facilities. However, they can tap the grid in special cases as stipulated by the law. The order didn’t offer any details on these special cases.
Uzbek miners are barred from mining anonymous digital assets like Monero, which allow users to obscure transactions. While Uzbekistan is one of the few barring the mining of these digital assets, many other countries have banned their trading or listing. The EU, South Korea, and Japan have all prohibited anonymous digital assets to some degree.
In Uzbekistan, only legal and licensed entities can mine digital assets, as per the new decree. They must also register their operating facilities and refrain from conducting any mining activities beyond these recognized facilities. All miners must promptly pay all the mining fees imposed by the NAPP.
“The agency also asks all citizens to act within the framework of the law and refrain from attempting to organize activities in the field of circulation of crypto-assets without obtaining the appropriate license,” the agency said.
While Uzbekistan is tightening its BTC mining regulations, its neighbor Kazakhstan has been squeezing them out through exorbitant power prices. In a letter this week, miners implored the president to cut down the energy prices, saying they will all be forced to shut down if the prices remain as high.

Global cryptocurrency heavyweight, Binance, has seen a consistent drop in its market dominance, particularly over the past seven months.
Recent reports highlight that regulatory issues in the U.S. and changes in their trading promotions may be influencing this decline.
Bloomberg, drawing from insights provided by cryptocurrency data specialist CCData, noted on October 5th that Binance’s spot market share dipped from 38.5% in August to 34.3% in September 2023.
To put this in perspective, in January 2023, the exchange commanded a notable 55.2% of the spot market.
This isn’t limited to the spot market alone. Binance’s presence in the derivatives market is also dwindling.
Data suggests that their market share in this space has reduced from 53.5% in August to 51.5% in September. Earlier in January, Binance held a significant 62% dominance in the derivatives market.
Jacob Joseph, a research analyst from CCData, posits that while the U.S. regulatory challenges are a significant factor, they aren’t the sole reason for Binance’s shrinking market share.
Another contributing element, he suggests, is Binance’s recent decision to stop its zero-fee trading promotion for several major trading pairs.
Global cryptocurrency heavyweight, Binance, has seen a consistent drop in its market dominance, particularly over the past seven months.
Recent reports highlight that regulatory issues in the U.S. and changes in their trading promotions may be influencing this decline.
Bloomberg, drawing from insights provided by cryptocurrency data specialist CCData, noted on October 5th that Binance’s spot market share dipped from 38.5% in August to 34.3% in September 2023.
To put this in perspective, in January 2023, the exchange commanded a notable 55.2% of the spot market.
This isn’t limited to the spot market alone. Binance’s presence in the derivatives market is also dwindling.
Data suggests that their market share in this space has reduced from 53.5% in August to 51.5% in September. Earlier in January, Binance held a significant 62% dominance in the derivatives market.
Jacob Joseph, a research analyst from CCData, posits that while the U.S. regulatory challenges are a significant factor, they aren’t the sole reason for Binance’s shrinking market share.
Another contributing element, he suggests, is Binance’s recent decision to stop its zero-fee trading promotion for several major trading pairs.