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...
Bitcoin’s price is currently sitting at $84,530 after a 0.3% decrease in the past 24 hours. In fact, some market analysts believe Bitcoin is getting ready for its next major price move in the upcoming weeks. By January 2025 the cryptocurrency had climbed to an unprecedented peak of $108,786. Ever...
The cryptocurrency and blockchain industry is always alive with new trends and developments. In recent months, meme coins associated with NFT projects have drawn most of the headlines. More recently, PENGU, associated with the Pudgy Penguins NFT collection, experienced a massive price explosion. This lack of standardization has led investors...
I told you so. It's a phrase I usually avoid, but in the case of NFTs, it's hard to resist. The second I heard that digital monkeys were selling for the value of a mansion, my lizard brain fired up. It thrust forth the unmistakable alarm bell of a bubble!...
Recall all those times NFTs were going to completely change the art game for artists. A new digital age, one that puts power in the hands of artists and entertainers to reach their audiences directly, without the middlemen? A rosy new picture in which creatives newly had agency over their...
As we know, the crypto world is an unpredictable place. In short, the recent price action of VOXEL has left many investors scratching their heads. After being added to Binance’s “Vote to Delist” program, VOXEL saw a mind-boggling jump of more than 700%. This counterintuitive rally raises several critical questions:...
Tokens from Binance’s second Vote to Delist batch catching everybody off guard. Even amidst the market’s atypical tendencies, they are on track to set records this cycle, climbing to incredible heights. Clearly, being added to Binance’s so-called ‘blacklist’ does not spell instant disaster for a digital asset. Some projects including...
Forget the noise. Forget the fear, uncertainty and doubt (FUD) that gets daily dumped on you by the talking heads. The smart money is the one that’s quietly, relentlessly, accumulating Bitcoin. They’re not doing it for the excitement. They know something. They see something. They understand something you might be...
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,...
The realm of Non-Fungible Tokens (NFTs) has become widely known for its whiplash-inducing ups and downs. Lately, proverbial mattresses full of cash have frozen the market to its core. CryptoPunk #3100’s recent sale was at a 95% loss. This event serves as a reminder of the risks of investing in...
