Waylon Wilcox, 45 of Dillsburg, Pennsylvania, recently pleaded guilty. In doing so, he avoided millions in taxes on his profits from CryptoPunks NFTs. This is not your ordinary run of the mill tax evasion case. It marks a significant new chapter in the growing tension between individual liberty and social...
The Waylon Wilcox case is an important reminder that there’s more at stake than NFTs or crypto hype. He pleaded guilty to evading $3.3 million in income taxes on $13 million worth of CryptoPunk sales. It is a painful illustration of the tenuous social contract we all operate under, whether...
A $10 million loss. Just gone. And that’s what just happened to the poor sap that spent $16 million on a CryptoPunk and just days ago sold it for $6 million. An NFT – a Non-Fungible Token. A digital certificate of ownership for a specific object or work of art,...
Either way, SEC dropping its lawsuit against Helium is a clear win. This win is not only a win for Helium and their operator Nova Labs, but a broader success for the entire Decentralized Physical Infrastructure Networks (DePIN) movement. It's a green light, signaling that building real-world infrastructure with crypto...
Let's be real. The crypto space is drowning in hype. You can’t go a day without hearing about the next “revolutionary” coin that’s going to moon and make you rich while you sleep. But how many actually deliver on the real promise of crypto: freedom? Freedom from outdated, extractive financial...
April 10, 2025. A date etched in crypto history. Congressional passage of Bill Trump signs first crypto bill into law. Bipartisan support. Market surges. Bitcoin hits $72,500. Ethereum at $3,800.Sounds like a win, right? Freedom unlocked. Innovation unleashed. Hold on. Before you get too far down the AI rabbit hole,...
Decentralized Finance. It vowed to break down the walls of old-fashioned banking. Such a change would unleash people-power and creativity, igniting a new wave of innovation and creativity not experienced since the early days of the internet. The IRS’s effort to shove square peg DeFi into round hole broker rules...
I remember as a kid growing up in Accra, how difficult it was for my grandmother to send money to her sister in Kumasi. The fees were exorbitant, the process cumbersome, and the exchange rates—well let’s just say they weren’t in her favor. In the process, she lost a large...
The siren song of crypto is undeniable. Financial freedom! Decentralization! Get rich quick! That’s a potent cocktail, particularly when people think the system is rigged in the first place. You read the hype – Bitcoin’s meteoric climb, tales of everyday folks turning into millionaires at the drop of a digital...
Is his new crypto love a true conversion or a strategic bet on the crypto business? Let’s be honest—too oftentimes politics becomes mixed up with self-interest. That’s doubly true in the disruptive, chaotic world of cryptocurrency. The recent call from Senate Democrats, including figures like Dick Durbin and Elizabeth Warren,...
