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'Bitcoin Jesus' Agrees To Pay $50 Million To Resolve US Tax Case
Roger Ver, an early investor in cryptocurrency known as "Bitcoin Jesus," has agreed to pay $50 million to resolve US tax charges, the Justice Department said Tuesday.
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JPMorgan Plans to Launch Crypto Asset Trading Services
JPMorgan Chase is preparing to roll out cryptocurrency trading services, marking a major expansion of its digital-asset strategy. The bank’s global head of markets and digital assets, Scott Lucas, confirmed the move while clarifying that crypto custody is not yet part of its near-term plans. This development aligns with JPMorgan’s blockchain in...
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Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
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Bitcoin Price Slips to $113,500 as Traders Await US Fed Chair Jerome Powell’s Remarks
Bitcoin traded around $113,500 (roughly Rs. 1.01 crore) on Monday, consolidating after a volatile week marked by leverage unwinding. Analysts say the market reset could create a stronger foundation for recovery, with Ethereum steady above $4,000 (roughly Rs. 3.56 lakh). Investors are closely tracking Jerome Powell’s speech today, which may provid...
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Singapore Court Approves WazirX Restructuring Plan Following $234 Million Hack
The Singapore High Court has approved WazirX’s revised restructuring plan following the $234 million hack in 2024. The ruling enables the exchange to restart operations and repay over 150,000 users through recovery tokens. The hack, traced to North Korea’s Lazarus Group, forced a halt in withdrawals. The decision marks a key step toward restori...
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Cryptology Key CEO Found Dead in Lamborghini in Ukraine Amidst Cryptocurrency Market Crash
Ukrainian crypto investor and blogger Konstantin Galish, known as Kostya Kudo, was found dead in his Lamborghini in Kyiv. Authorities confirmed a gunshot wound and a weapon registered in his name, with police initiating a pre-trial investigation. The 32-year-old was a prominent figure in crypto education and trading, managing millions in investor f...
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Bitcoin Price Slips to $114,800 as US Tariff Shock Triggers Crypto Market Reset
After sliding sharply on the weekend following US tariff news, the crypto market is rebounding as trade tensions show signs of easing. Bitcoin trades above $114,000 (roughly Rs. 1.01 crore), while Ethereum has reclaimed the $4,100 (roughly Rs. 3.64 lakh) mark. Analysts believe that the recovery signals investor confidence returning, aided by short ...
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Chainalysis Flags $75 Billion in Crypto Linked to Illicit Activity; Highlights Asset Recovery Potential
Chainalysis reports that more than $75 billion (Rs. 6,65,000 crore) in cryptocurrency is linked to criminal activity, with $15 billion (roughly Rs. 1,33,000 crore) held directly by illicit actors and $60 billion (roughly Rs. 5,32,000 crore) in downstream wallets. Bitcoin dominates these holdings, while stablecoins and Ether are rising. The data hig...
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Bitcoin Tests $121,000 Support, Ethereum Steadies Despite Market Cool-Off
Bitcoin and Ethereum cooled slightly on Wednesday after hitting fresh highs earlier this week, with BTC trading near $121,000 and ETH around $4,400. Analysts say the pullback reflects healthy consolidation as institutional inflows and macroeconomic cues continue to support momentum. Altcoins also saw mixed moves, with Binance Coin and Solana holdin...
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RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
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UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028
The UAE has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), joining global efforts to automatically exchange cryptocurrency tax information. The framework will be implemented in 2027, with the first data sharing expected in 2028. Public consultation, running from September 15 to Novemb...
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American Express Launches NFT Passport Stamps to Commemorate Travel Memories
American Express has rolled out NFT passport stamps for US cardholders, stored on Ethereum’s Base network. The digital stamps can be customised to highlight travel experiences like meals, hotels, or monuments. This initiative modernises the fading tradition of passport stamps and aligns Amex with global brands experimenting with NFTs, including L...
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Bitcoin Holds Ground as Ethereum Finds Whale Support Amid Market Caution
The crypto market stayed range-bound on Monday as Bitcoin traded at $111,000 (roughly Rs. 97.6 lakh) and Ethereum at $4,300 (roughly Rs. 3.8 lakh). Analysts highlighted strong accumulation across BTC and ETH, with whales adding to positions and exchange balances hitting lows. Altcoins, including Solana, XRP, Dogecoin, and Cardano, saw mixed moves a...
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'Alcohol, Pornography...': BCCI's Strict Rules For Choosing Title Sponsor
The Board of Control for Cricket in India (BCCI) invited bids from entities for acquiring the national team lead sponsor rights.
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Philippine Lawmaker Proposes Strategic Bitcoin Reserve to Tackle National Debt
The Philippines is thinking about setting up a Strategic Bitcoin Reserve to help with its rising debt. Congressman Miguel Luis Villafuerte came up with the idea for the bill, which says that the government must buy 10,000 BTC over five years and hold it for 20 years, only using it to pay off debt. It comes after the US launched its reserves, while ...
![Gadgets 360 With Technical Guruji: News of the Week [January 11, 2025]](https://c.ndtvimg.com/2025-01/gf6c7oc8_news_640x480_12_January_25.jpg?downsize=245:163 "Gadgets 360 With Technical Guruji: News of the Week [January 11, 2025]")
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'Bitcoin Jesus' Agrees To Pay $50 Million To Resolve US Tax Case
Roger Ver, an early investor in cryptocurrency known as "Bitcoin Jesus," has agreed to pay $50 million to resolve US tax charges, the Justice Department said Tuesday.
-
JPMorgan Plans to Launch Crypto Asset Trading Services
JPMorgan Chase is preparing to roll out cryptocurrency trading services, marking a major expansion of its digital-asset strategy. The bank’s global head of markets and digital assets, Scott Lucas, confirmed the move while clarifying that crypto custody is not yet part of its near-term plans. This development aligns with JPMorgan’s blockchain in...
-
Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
-
Bitcoin Price Slips to $113,500 as Traders Await US Fed Chair Jerome Powell’s Remarks
Bitcoin traded around $113,500 (roughly Rs. 1.01 crore) on Monday, consolidating after a volatile week marked by leverage unwinding. Analysts say the market reset could create a stronger foundation for recovery, with Ethereum steady above $4,000 (roughly Rs. 3.56 lakh). Investors are closely tracking Jerome Powell’s speech today, which may provid...
-
Singapore Court Approves WazirX Restructuring Plan Following $234 Million Hack
The Singapore High Court has approved WazirX’s revised restructuring plan following the $234 million hack in 2024. The ruling enables the exchange to restart operations and repay over 150,000 users through recovery tokens. The hack, traced to North Korea’s Lazarus Group, forced a halt in withdrawals. The decision marks a key step toward restori...
-
Cryptology Key CEO Found Dead in Lamborghini in Ukraine Amidst Cryptocurrency Market Crash
Ukrainian crypto investor and blogger Konstantin Galish, known as Kostya Kudo, was found dead in his Lamborghini in Kyiv. Authorities confirmed a gunshot wound and a weapon registered in his name, with police initiating a pre-trial investigation. The 32-year-old was a prominent figure in crypto education and trading, managing millions in investor f...
-
Bitcoin Price Slips to $114,800 as US Tariff Shock Triggers Crypto Market Reset
After sliding sharply on the weekend following US tariff news, the crypto market is rebounding as trade tensions show signs of easing. Bitcoin trades above $114,000 (roughly Rs. 1.01 crore), while Ethereum has reclaimed the $4,100 (roughly Rs. 3.64 lakh) mark. Analysts believe that the recovery signals investor confidence returning, aided by short ...
-
Chainalysis Flags $75 Billion in Crypto Linked to Illicit Activity; Highlights Asset Recovery Potential
Chainalysis reports that more than $75 billion (Rs. 6,65,000 crore) in cryptocurrency is linked to criminal activity, with $15 billion (roughly Rs. 1,33,000 crore) held directly by illicit actors and $60 billion (roughly Rs. 5,32,000 crore) in downstream wallets. Bitcoin dominates these holdings, while stablecoins and Ether are rising. The data hig...
-
Bitcoin Tests $121,000 Support, Ethereum Steadies Despite Market Cool-Off
Bitcoin and Ethereum cooled slightly on Wednesday after hitting fresh highs earlier this week, with BTC trading near $121,000 and ETH around $4,400. Analysts say the pullback reflects healthy consolidation as institutional inflows and macroeconomic cues continue to support momentum. Altcoins also saw mixed moves, with Binance Coin and Solana holdin...
-
RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
-
UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028
The UAE has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), joining global efforts to automatically exchange cryptocurrency tax information. The framework will be implemented in 2027, with the first data sharing expected in 2028. Public consultation, running from September 15 to Novemb...
-
American Express Launches NFT Passport Stamps to Commemorate Travel Memories
American Express has rolled out NFT passport stamps for US cardholders, stored on Ethereum’s Base network. The digital stamps can be customised to highlight travel experiences like meals, hotels, or monuments. This initiative modernises the fading tradition of passport stamps and aligns Amex with global brands experimenting with NFTs, including L...
-
Bitcoin Holds Ground as Ethereum Finds Whale Support Amid Market Caution
The crypto market stayed range-bound on Monday as Bitcoin traded at $111,000 (roughly Rs. 97.6 lakh) and Ethereum at $4,300 (roughly Rs. 3.8 lakh). Analysts highlighted strong accumulation across BTC and ETH, with whales adding to positions and exchange balances hitting lows. Altcoins, including Solana, XRP, Dogecoin, and Cardano, saw mixed moves a...
-
'Alcohol, Pornography...': BCCI's Strict Rules For Choosing Title Sponsor
The Board of Control for Cricket in India (BCCI) invited bids from entities for acquiring the national team lead sponsor rights.
-
Philippine Lawmaker Proposes Strategic Bitcoin Reserve to Tackle National Debt
The Philippines is thinking about setting up a Strategic Bitcoin Reserve to help with its rising debt. Congressman Miguel Luis Villafuerte came up with the idea for the bill, which says that the government must buy 10,000 BTC over five years and hold it for 20 years, only using it to pay off debt. It comes after the US launched its reserves, while ...
