A Pennsylvania man is on his way to prison after pleading guilty to hiding over $13 million in income. He accumulated this fortune by flipping CryptoPunks non-fungible tokens (NFTs). For example, Waylon Wilcox, who sold 97 CryptoPunks in 2021 and 2022 and failed to report that income to the IRS....
Waylon Wilcox, an NFT speculator, recently pleaded guilty to evading millions in taxes on his CryptoPunk gains. Big deal, right? Wrong. And this isn’t even all of it, it’s not just a one dude and his pixilated avatars story. It’s a flashing red light in an early warning system –...
Dead Bruv’s Meatbags is a PFP Solana-based NFT Collection. They’ve just kicked off a campaign to buy a decommissioned Cold War Cecilia Castle bunker in Rutland, England. The project will begin minting these tokens on April 21, producing 100,000 in total. We see the future of our bunker as a...
The world of NFTs has been a rapidly growing space in recent years, presenting innovative new spaces for artists, collectors, and investors. This new digital gold rush holds great promise. It introduces a tangled maze of tax consequences that Americans are only now beginning to understand. BlockTraderHub.com is your resource...
Over the last few years, the landscape of NFTs (Non-Fungible Tokens) has taken off. This boom presents thrilling new opportunities for artists, collectors, and investors to take advantage of. However, this digital frontier comes with a complex web of tax implications that many are only just beginning to understand. BlockTraderHub.com...