Tag: accountability

general

Asia Morning Briefing: Bitcoin Stabilizes as Altcoins Flash Early Strength

The post Asia Morning Briefing: Bitcocom. The post Asia Morning Briefing: Bitco report confirms robust asset security across major cryptocurrencies. USDC leads with a 133. 79% ratio, followed by BNB at 112. 95%, and FDUSD at 111. 72%. Bitcoin’s reserve ratio stands solid at 102. 11%, and Ethereum and Solana are fully backed at 100%. The data highlights Binance’s continued transparency and overcollateralization, ensuring user funds are backed and in most cases, oversecured across multiple assets. November 7, 2025 06: 54: 24 UTC Pi Network Set to Launch Mainnet V23, Marking Major Step Toward Decentralization The Pi Network community is buzzing with anticipation as the project prepares to roll out its latest interface update, signaling a major breakthrough in its development. Far from a routine bug fix, this update is seen as a strong indicator of the network’s imminent Mainnet V23 launch. The upgrade promises a more stable, seamless, and decentralized ecosystem a key milestone that could finally bring Pi Network closer to realizing its long-awaited vision of mainstream blockchain adoption. November 7, 2025 06: 53: 31 UTC Stablecoin Chaos: Two Major Tokens Lose Peg as Panic Spreads to Ethena’s USDe Within just three days, two stablecoins each worth over $500 million lost their peg, trapping traders who tried to buy the dip. The panic quickly spread to Ethena’s synthetic stablecoin USDe, whose market cap plunged from $14. 8 billion to $8. 7 billion and continues to fall. Notably, CoinMarketCap has removed the K-line data showing the depegging, though CoinGecko still displays the dramatic collapse, capturing one of the most volatile moments in stablecoin history. November 7, 2025 06: 06: 50 UTC Google to Add Kalshi.

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general

Why Warriors are Thunder’s biggest threat in Western Conference

For the past two seasons, the Western Conference has been dominated by the Oklahoma City Thunder and Denver Nuggets, featuring a young, dynamic powerhouse built around the MVP-level brilliance of Shai Gilgeous-Alexander and Nikola Jokić. Yet, while OKC looks every bit the favorite to defend its crown after a perfect 6-0 start, an old contender [.] The post Why Warriors are Thunder’s biggest threat in Western Conference appeared first on ClutchPoints.

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city governmenteconomyhomelessnesslocal newspolitics

Critics call out Spokane mayor over homelessness after 30-minute speech

(The Center Square) After nearly two years in office, Mayor Lisa Brown reflected on the state of the city on Monday during an address to the Spokane City Council, drawing criticism from residents present. The 30-minute speech highlighted the administration’s efforts over the past year amid ongoing budget gaps. Despite balancing a $25 million deficit in her first [.].

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businesseconomyfinanceinternationallaw

Crypto News Today: Roger Ver Admits Tax Failures, DOJ Drops Case After $50M Pact

The post Crypto News Today: Roger Ver Admits Tax Failures, DOJ Drops Case After $50M Pact appeared com. Roger Ver pays $50 million to settle case against tax evasion of bitcoins, DOJ abandons charges under deferred prosecution agreement. An early bitcoin investor, Roger Ver, also called Bitcoin Jesus, admitted to not reporting his bitcoin to tax authorities willfully. The U. S. Department of Justice (DOJ) has dismissed its indictment against Ver because he has agreed to pay close to $50 million in taxes, penalties, and interest as part of the back taxes. Ver, who is famous in the cryptocurrency community due to his extensive promotion of Bitcoin since 2011, left the United States in 2014 and became a citizen of St. Kitts and Nevis. Ver was supposed to declare all his assets, including his large bitcoin holdings, as required by law during his expatriation and pay capital gains tax on their constructive sale. Rather, he minimized his ownership of bitcoins on tax returns and failed to declare tax on those assets, and this contributed to a huge loss of tax revenue to the U. S. government. Bitcoin Jesus’ $50 Million Penalty Revealed The deferred prosecution agreement between Ver and the DOJ affirmed that his failure to file his cryptocurrency assets was a willful violation of tax regulations. The indictment meant the deliberate violation of the established legal responsibility, which led to the IRS losing approximately 17 million dollars in taxation. In addition to this tax payable, Ver paid penalties of more than 12 million dollars and accrued interest, which amounted to about 50 million dollars. The U. S. Acting U. S. Attorney, Bill Essayli, emphasized the need to comply with taxes as everyone is required to pay their taxes irrespective of assets and affluence. He praised Ver for accepting accountability and finalizing the issue, which sent a strong signal concerning the enforcement of taxes on digital products. DOJ Ends Legal Battle, Sets.

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