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,...
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....
Picture a world where access to financial services isn’t determined by your zip code or your FICO score. Where you, not a central bank, decide who gets your wealth. That’s the immense promise of DeFi, a promise that seems like a world away during the bear market. Yet murmurs of...
BlockTraderHub.com is home to crypto intelligence for professionals. We’re here to keep you informed about what’s happening in the markets, Bitcoin, DeFi, NFTs, regulation and more. Lead the way in our fast-changing blockchain universe! Read our complete breakdown on AAVE, one of the leading industry DeFi protocols and learn why...
DeFi. Decentralized Finance. The dream of unlimited permissionless cash available to everyone in the world and totally governed by computer code. What do we do when that “all” includes whales? AAVE’s recent price pump, driven in part by massively bullish whale movement, brings this question to focus. Should we celebrate...
AAVE, one of the biggest decentralized finance (DeFi) protocols, has seen a significant pump — up almost 16% in the last week alone. Here’s why that upward momentum continues to be propelled by some significant headwinds. Strong whale accumulation, bullish technical formation, and broader crypto market rally fueled by Bitcoin...
Pixels has jumped to the front of Axie Infinity in the hierarchy on the Ronin blockchain. This transition is an important turning point for the blockchain gaming space. Pixels has still been on an impressive upward trajectory, particularly following its new foray into NFT trading. Yet questions about the initiative’s...
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 –...
An NFT trader just found himself facing prison time after pleading guilty to evading almost $13 million in taxes. This tax evasion is based on profits realized from the trading of CryptoPunk NFTs. Waylon Wilcox, the trader incognito, purchased and sold 97 items from the CryptoPunk NFT collection. Now he’s...