The news is out: OpenSea is diving back into Solana, this time with tokens leading the charge. Dogwifhat and Fartcoin are just the opening act, with Solana NFTs primed and ready to take us to the main event. Let's cut through the hype. Or is this the latest in a...
The SEC’s current approach to crypto regulation is like trying to break a wild mustang with a public library card. For that, we need a better, broader approach that recognizes the promise and threat of this developing sphere. Crypto isn’t just about digital coins. It democratizes finance, empowers the people,...
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...
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...
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 –...
And the excitement continues to grow as the unique ZORA token launched for core creators and community! BlockTraderHub.com is where crypto intelligence begins. So we’re here to unpack all that you should know about this exciting new development, including who might be eligible for an airdrop. In this piece, we...
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...
A Pennsylvania preparer was sentenced to 6 years in prison after pleading guilty for preparing false tax returns. Waylon Wilcox, prosecutors allege, hid more than $12.3 million in CryptoPunk non-fungible token (NFT) sale proceeds as taxable income. Wilcox has been charged with intentionally underreporting his income and using fraudulent tactics...
SUBBD, a decentralised new Web3 ecosystem, is creating its own space in the rapidly growing content creation industry. The platform’s vision is to transform the way that creators engage their audiences and earn a living from their creations. SUBBD is dedicated to the empowerment of creators and fostering innovative collaborations....
A CryptoPunk holder charged with tax evasion? So this is it, right — the beginning of the end for the wild west of NFTs? Wrong. While Waylon Wilcox's case is a stark reminder that the IRS is watching, it's an opportunity. A chance to create a more sustainable, governance-focused, and...