Waylon Wilcox, a Conshohocken, Pennsylvania man, pleaded guilty to multiple counts of filing false tax returns. He neglected to report the hundreds of millions in income he made from selling CryptoPunk NFTs. Wilcox now faces the prospect of many years in a federal prison, supervised release, and up to $500,000...
The cryptocurrency and decentralized finance (DeFi) industries are currently undergoing major shifts in their legal and regulatory undercurrents. These changes are most significantly influenced by the recent shift in the Trump administration’s overall stance. Key developments include significant token allocations, regulatory requests from NFT marketplaces, adjustments in cryptocurrency enforcement activities,...
One of the lesser known sports card NFT markets has awakened most recently, with active sales, including a few triple-digit-thousand sales, taking place as of late. These sales, including a Victor Wembanyama Gold Kaboom /10 for $6,000, indicate a potential resurgence in the digital collectibles space. In July, a Jayden...
The non-fungible token (NFT) marketplace is wildly dynamic, with declines and increases on various blockchains and collections. Overall sales volume crept down slightly. On the positive side, platforms such as Ethereum and Polygon experienced remarkable performance as the market exhibited an ever-growing dynamic and resilient nature. The week of July...
OpenSea, the largest decentralized marketplace for non-fungible tokens (NFTs), has announced plans for its own token, SEA, alongside significant updates to its platform. The move comes as the platform introduces a new points system centered on user activity, loyalty, and past contributions, aiming to enhance user engagement and reward its...
The recent sale of CryptoPunk #3100 incurred a loss of almost $10 million for the seller. The sale highlights the volatile nature of NFT investments, particularly when tied to the fluctuating value of cryptocurrencies like Ethereum (ETH). The shocking loss comes as a result of ETH’s value crashing quickly. This...
So have big players like OpenSea, the leading NFT marketplace. In addition, they recently made an official request to the U.S. Securities and Exchange Commission (SEC) to exempt NFT marketplaces from federal securities laws. The firm has been urging the SEC to issue detailed guidance on this matter. Their focus,...
CryptoPunk #3100, one of the rarest NFTs from the famous CryptoPunks collection, has been resold for 4,000 ETH. This one transaction has now cost the former owner well over 10 million dollars. In addition to that 16 million dollar initial purchase price, this NFT sale illustrates how the NFT market...
For their part, OpenSea has been at the forefront of the fight against SEC regulation. The corporation recently claimed that its own non-fungible token (NFT) marketplace doesn’t meet the definitions of an exchange or broker according to existing securities regulations. The company maintains that the regulatory framework designed for traditional...
As much as one year after he purchased CryptoPunks #3100 for 4,500 ETH – the equivalent of about $16 million at the time – Non-Fungible Token (NFT) whale sold it recently for 4,000 ETH. That’s the same as $6.04 million. This transaction ended up being a huge loser—it cost the...
Bitcoin’s dominance — its share of the total cryptocurrency market cap — is one of the most important technical indicators that so-called “smart money” investors follow. Bitcoin dominance (BTC.D) is the ratio of Bitcoin’s market cap compared to the total market cap of all cryptocurrencies. An increased Bitcoin dominance indicates...
The crypto world is at a crossroads. You’re hearing it from everyone, especially those with old school interests, that Bitcoin dominance is not just going to happen, but that it should be that way. That all altcoins are just “shitcoins” that will eventually disappear. They preach a gospel of digital...
You’ve probably fallen victim to the sexy siren song of the altcoin. They promise high, often unimaginable returns and advertise themselves as the new innovation that will dethrone Bitcoin. Are these just pie in the cybersky? I’m here to explain to you why, for the overwhelming majority of you, they’re...
XRP is one digital asset that’s gotten the attention of many investors, experienced and inexperienced. It has taken its hits in the crypto world. After a recent 30% decrease, XRP investors are looking for the catalyst that will allow the asset to dance towards the $1.00 mark and beyond. Hiroshi...
Ouch. That 30% plunge since January really hurts the most right now, am I right? Particularly for all of us who invested in XRP expecting a quick moonshot. Why did that 63% chance of reaching an all-time high in 2025 nosedive to just 39%? Yeah, that's a gut punch. We're...
XRP, the third-largest digital asset, is trailing in a longer-term bullish market defined by higher price volatility and uncertainty. Those hopes for achieving a new record in 2025 have all but disappeared. This decline to some degree followed the judge’s disapproval of Ripple and the SEC’s motion to remove a...
It's been a wild ride, hasn't it? The last four-plus months have passed like a whirlwind. With legs-shaking ascents and gut-twisting descents, a new generation is starting to wonder whether the heyday is over. Since the start of this year, prices have dropped 30%. Now, they stand at about $2.31,...
This is the test. Is Bitcoin truly the people’s currency, or simply a virtual playground for the already wealthy? As analysts whisper about a potentially sluggish Q3 for Bitcoin, with retail investors salivating for a new all-time high that may never materialize this summer, a more uncomfortable truth is bubbling...