Roger Ver paid nearly $50 million in taxes, penalties, and interest after admitting he deliberately omitted Bitcoin from his 2016 U.S. expatriation tax filing, causing a tax loss of about $16.8 million. Prosecutors alleged he undervalued around 131,000 Bitcoin held by companies he controlled and falsely claimed he did not personally own Bitcoin. The case was dismissed after payment. The IRS treats digital assets like Bitcoin as property for tax purposes and plans to revise its voluntary disclosure program to resolve cases faster and reduce penalties.
Roger Ver's Bitcoin tax case provides context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 31, 2026 17:02 WIB: 27 of 50 major cryptocurrencies rose, 20 fell. The Graph (GRT) gained 4.48% to Rp373 with 70% buy orders, TRON (TRX) dropped 4.33% to Rp5.782 with 61% sell orders, and Enjin Coin (ENJ) rose 3.95% to Rp434 with 65% sell orders.
The WLD token, native to the World Network, traded at $0.40 on October 31, marking a 0.58% increase over 24 hours. WLD operates on the Ethereum Mainnet as an ERC-20 token and includes governance features in its design, allowing holders to participate...
Stellar, a blockchain protocol focused on cross-border transactions and financial inclusion, reported the fastest growth rate in full-time developers since April. The Stellar Development Foundation is actively working to enhance the network's capabil...
Iron Fish has ceased all remaining network support after discovering a critical inflation bug dating back to 2019. The flaw in its Merkle tree implementation allowed an attacker to repeatedly spend the same shielded funds and withdraw them through th...
The governance token OP of Optimism, an Ethereum layer-2 network, rose about 9.7% to $0.11 on Binance spot trading within 24 hours. This price increase highlights growing interest or positive sentiment around the Ethereum scaling solution. As a gover...
Between November 2025 and October 2026, 12 billion XRP tokens were released from escrow, of which 8.4 billion XRP (70%) were placed back into escrow. The remaining 3.6 billion XRP stayed outside escrow, but this does not indicate how much was sold. R...
