In March 2022, a Pennsylvania man pleaded guilty to evading federal taxes. He failed to disclose over $13 million in income from the sale of almost 100 CryptoPunk NFTs. Waylon Wilcox, a 45-year-old of Avery, Idaho, was sentenced to a maximum of six years in prison for his tax-related offenses....
Non-Fungible Tokens (NFTs) seem to have exploded all over the place lately. They’ve ushered in a new class of digital assets and lucrative investment opportunities. Still, this burgeoning market raises significant challenges, especially around taxation. Waylon Wilcox, 45 of Pennsylvania, was just sentenced to 12 months incarceration for NFT tax...
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...
Bitcoin’s value has made an impressive leap, up 1.13% to $84,655. This resurgence comes against a double-edged landscape of geopolitical strife and discord, coupled with strategic long-term corporate investments and global market volatility.Bitcoin’s price volatility has been well documented, with major declines quickly followed by rebounds. The cryptocurrency's recent rebound...
And the price of Bitcoin has gone through the proverbial roof lately, sailing over that astounding $84,000 threshold. Undoubtedly, one of the most important factors propelling this rally is Metaplanet’s huge bet on the cryptocurrency. This joint initiative has not only succeeded in lifting the market sentiment but is a...
XenDex, an all-in-one DEX launching on the XRP Ledger. For starters, it’s set to introduce a host of proprietary features that promise to redefine how users interact with decentralized finance (DeFi) on the platform. Such a non-custodial platform brings to market a rich, decentralized ecosystem. It combines lending and borrowing,...
BlockTraderHub.com is constantly searching for innovative and exciting projects that are changing the world of crypto for the better. Get ready as we dive deep into XenDex, an all-in-one decentralized finance (DeFi) hub purpose-built for the XRP Ledger (XRPL). Ultimately, XenDex wants to be an all-in-one platform. It provides an...
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...