Waylon Wilcox, a 45-year-old from Pennsylvania, recently pled guilty to not reporting $13 million of NFT earnings on his tax returns. Okay, tax evasion is wrong. Before you grab your pitchforks, consider this: is the IRS's heavy-handed approach to crypto taxes actually killing the goose that lays the golden eggs?Let’s...
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...
I think of Sarah, a smart, young, dynamic college student that I met just a few months ago. For one, predatory banking fees were sucking her single dollar at a time. Already feeling totally shut out from significant investment opportunities, she felt the weight of the world on her chest....
Mahomes launching "The Museum of Mahomes"? It's got my attention, but as someone who's seen trends come and go, I'm asking: is this a touchdown or an interception?NFT Craze: The New Beanie Babies?Let’s face it, the NFT marketplace hardly resembles old-school technology innovation and more closely resembles the dot-com bubble...
Patrick Mahomes. The name itself evokes an entire mythology of no-look passes, Super Bowl championships and a seemingly infinite reservoir of charm. He's a cultural icon. Now, he's stepping into the world of NFTs with "The Museum of Mahomes," and while the ambition is clear, I can't help but wonder...
Is this really different this time? I've seen crypto winters colder than a polar bear's toenails, and springs that promised the moon only to deliver…dust. That’s why I can’t help be skeptical about a $31 million presale. This is especially the case as just a few weeks ago, many were...
The CloneX debacle is more than just busted JPEGs. It underscores some of the most egregious flaws of the NFT world. We've been so busy chasing the next big drop, the next Bored Ape, that we've ignored the rotting infrastructure beneath our feet. The truth is, the emperor has no...
CloneX is an unprecedented hybrid born from the creative collision of NFT studio RTFKT Studios and the iconic Japanese artist Takashi Murakami. That took the NFT world by storm, making it $81.3 million in primary sales and another $37.8 million in royalties from secondary markets. The project features a very...
I think of Sarah, the single mother I met on a chat board. She poured her stimulus check into a CloneX NFT, believing the hype, the promises of a digital future where she could build wealth for her daughter. To her, it was a lifeline, an opportunity to break free...
The crypto landscape has undeniably shifted. We’re past the point of this being a niche market controlled by the tinkerers and tech savvy cypherpunks. All of a sudden, your neighbor and your barista are getting into Bitcoin and Ethereum. Even your mom is getting in on a confusing cryptos-mania! Binance's...