What the Waylon Wilcox case demonstrates is about more than one man’s error. This former resident of Pennsylvania was convicted of avoiding millions in taxes on his CryptoPunks transactions. As far as wake-up calls go, this one is loud and clear across the entire NFT ecosystem. It’s natural to want...
Waylon Wilcox, the dude who flipped CryptoPunks and made millions doing it, just pleaded guilty to evading more than $3.3 million in taxes. He hid over $13 million in income. His girlfriend was crowdfunding her daughter’s beauty pageant on Facebook. Let that sink in. This isn't just about one guy...
Well, Metaplanet literally just put $26 million onto Bitcoin. That's a statement. A bold one, at that. Are they crazy? Or are they just making bets on things the rest of us are unable to comprehend? Photography by Alexandria Pizzica. This conversation is much larger than one company’s investment. It...
We’ve all seen the naysayers, the haters, the skeptics of Bitcoin. It’s a fad!” It’s a scam!” It’s… overall very positive but very risky and poorly defined. What if I told you the future of finance is today and happening all around you. In fact, it’s being actively shaped as...
Let's be real. As an open-source blockchain, the XRP Ledger is known for its incredible speed and low transaction costs. It does feel a little lonely out there in DeFi world, doesn’t it? We have always been promised a decentralized world, but for XRP holders, that world has always seemed...
The potential of decentralized finance (DeFi) is usually accompanied by the tempting promise of democratized access, especially for the unbanked around the world. XenDex, which is launching on the XRP Ledger, aims to put itself at the center of this narrative. Is it really a financial liberator, or rather a...
Okay, let's talk about Waylon Wilcox. $13 million in CryptoPunk sales. Millions in evaded taxes. Potential jail time. The news reports are shouting “NFT bubble burst!” and “Crypto is a scam! But hold on a second. Before you write off the entire NFT space because of one guy's alleged (and...
America’s favorite outlaw Waylon Wilcox, 45, of Pennsylvania, is in trouble. He was on trial for tax evasion as well, having pleaded guilty to evading more than $13 million in taxes from his Crypto Punks NFT proceeds. That's not pocket change. We’re describing a very serious six-year maximum imprisonment term,...
Europe’s crypto landscape is set to change profoundly. Google’s move to implement MiCA rules is extreme. By making crypto advertisers obtain a license ahead of time or get banned, it comes across more like a surgeon with a chainsaw. It promises to cut away the cancer of scams, but will...
If Google goes ahead with enforcing these MiCA rules from 23rd April, it will transform crypto advertising in Europe dramatically. On the surface, this move might seem like a win for the industry. Everyone is focused on the wrong thing—it’s going to stifle growth and make it harder for projects...