BTC $79,698.08 -2.22%
ETH $2,307.32 -3.93%
BNB $721.73 -3.34%
XRP $1.27 -3.06%
SOL $99.84 -4.35%
TRX $0.3291 -0.08%
DOGE $0.0758 -5.16%
ADA $0.2037 -5.44%
BCH $270.95 -5.41%
LINK $11.39 -5.18%
HYPE $75.33 -3.73%
AAVE $134.97 -8.40%
SUI $0.9277 -6.14%
XLM $0.1688 -4.25%
ZEC $1,149.07 -6.96%
AAPL $346.65 -0.25%
AMZN $247.45 -0.83%
GOOGL $319.41 -1.22%
MSFT $522.10 -0.45%
META $639.86 -0.82%
NVDA $211.17 -0.56%
TSLA $369.64 -0.57%
SNDK $1,217.52 -5.00%
INTC $85.57 -2.12%
SPCX $145.74 -1.46%
MU $871.00 -1.75%
AMD $513.66 -1.10%
BTC $79,698.08 -2.22%
ETH $2,307.32 -3.93%
BNB $721.73 -3.34%
XRP $1.27 -3.06%
SOL $99.84 -4.35%
TRX $0.3291 -0.08%
DOGE $0.0758 -5.16%
ADA $0.2037 -5.44%
BCH $270.95 -5.41%
LINK $11.39 -5.18%
HYPE $75.33 -3.73%
AAVE $134.97 -8.40%
SUI $0.9277 -6.14%
XLM $0.1688 -4.25%
ZEC $1,149.07 -6.96%
AAPL $346.65 -0.25%
AMZN $247.45 -0.83%
GOOGL $319.41 -1.22%
MSFT $522.10 -0.45%
META $639.86 -0.82%
NVDA $211.17 -0.56%
TSLA $369.64 -0.57%
SNDK $1,217.52 -5.00%
INTC $85.57 -2.12%
SPCX $145.74 -1.46%
MU $871.00 -1.75%
AMD $513.66 -1.10%

ria

All
Article
Flash

"Bitcoin Jesus" Roger Ver renounced his U.S. citizenship to avoid taxes, and ten years later was pursued for nearly 50 million dollars in expatriation taxes

According to Reuters, earlier this month, the U.S. Department of Justice announced a deferred prosecution agreement with "Bitcoin Jesus" Roger Ver, under which his fraud and tax evasion charges will be dismissed in exchange for a payment of up to $49.9 million in fines.Roger Ver, one of the earliest Bitcoin evangelists, bought a large amount of Bitcoin in 2011 for less than $3 million. In February 2014, to avoid high tax burdens, he acquired citizenship in the Caribbean nation of Saint Kitts and Nevis and renounced his U.S. citizenship the following month. At that time, he and his companies held at least 131,000 Bitcoins, valued at over $70 million based on the price at that time. He believed that by changing his nationality, he could put an end to the high tax burden in the U.S.However, the U.S.'s stringent "exit tax" completely thwarted his plans. According to U.S. tax law, eligible expatriates must treat their global assets as if they were "sold the day before expatriation" and pay capital gains tax. Although Ver reported and paid $1.03 million in taxes, he not only failed to report his personal holdings of Bitcoin but also severely undervalued his company's assets. Ten years later, the IRS confirmed his fraudulent tax evasion (which is not subject to the statute of limitations), ultimately forcing him to pay back up to $49.9 million in taxes, fines, and interest, which is 48 times the amount he reported paying in taxes that year.

first_img Samsung Electronics lowers the production of mid-range and low-end smartphones in the fourth quarter, as the supply of PCB raw materials is hindered

According to a report by ZDNet Korea on October 15, Samsung Electronics has lowered its production plan for mid-range and low-end smartphones in the fourth quarter. The reasons include rising prices of memory chips and disruptions in the supply of glass fiber used in PCB raw materials CCL. Japan's Nitto Denko is shifting more production capacity towards T-glass for AI semiconductors, reducing the output of E-glass for smartphone PCBs, leading to supply shortages and price increases. E-glass is used in semi-cured sheets for smartphone motherboards HDI and RFPCB.The report states that after the rise in storage prices increased manufacturing costs, Samsung reduced orders for related components. Models like the Galaxy A have lower profitability, making it difficult to significantly increase production. This year, the prices of basic mid-range models have risen by more than 100,000 Korean Won compared to the previous generation. The outlook for component orders communicated to partners for the fourth quarter corresponds to an annual smartphone shipment volume of just over 230 million units, which is below the component industry's expectation of 240 million units and represents a decrease of 20% to 30% compared to before the Mid-Autumn Festival holiday. Plans for the mobile business next year have not been shared with partners as in previous years.The monthly production outlook for the fourth quarter in mid-September was 14.3 million units in October, 9.5 million units in November, and 7.6 million units in December, totaling 31.4 million units. This was adjusted at the beginning of this month to 9.9 million units in October, 7.6 million units in November, and 6.7 million units in December, totaling 24.2 million units, a reduction of 23%. While the production of mid-range and low-end models has been lowered, the shipment plans for flagship models like the Galaxy S27 at the beginning of next year remain at a high level, and the shipment volume for foldable phones is also planned to increase. The MX and Network divisions reported a loss of 735 billion Korean Won in the second quarter, with the securities industry projecting an annual loss of 400 billion Korean Won.

first_img Fibank of Bulgaria collaborates with Bitpanda to integrate cryptocurrency assets

On October 12, 2026, Bulgarian bank Fibank (First Investment Bank) signed a strategic cooperation agreement with the Austrian licensed cryptocurrency service provider Bitpanda GmbH. The cooperation will allow Fibank customers to directly access cryptocurrency asset service technology provided by Bitpanda through the My Fibank mobile application. The article states that Fibank thus becomes the first bank in Bulgaria to offer integrated cryptocurrency trading access to its customers.Customers can apply and, once approved, use the related services through the embedded Bitpanda interface in My Fibank around the clock, with a minimum investment threshold of 1 euro. The cryptocurrency asset services are provided by Bitpanda, and access depends on Bitpanda's acceptance of potential customers and its applicable terms and standards. The article explains that these digital products are different from traditional deposits and financial instruments, and do not come with guarantees or compensation plans.Fibank CEO Nikola Bakalov stated that the cooperation with Bitpanda is the next step for My Fibank to expand financial services as a digital platform, emphasizing collaboration with European technology partners and compliance with applicable regulatory requirements. Bitpanda Enterprise's global head Nadeem Ladki stated that the two parties will bring cryptocurrency services to over 1 million customers in Bulgaria. Fibank claims to be the largest bank in Bulgaria by capital holdings, with core operations in Bulgaria and branches in Cyprus and a subsidiary in Albania.
app_icon
ChainCatcher Building the Web3 world with innovations.