The practice recently motivated a 45-year-old NFT trader to plead guilty to tax evasion. He neglected to report over $13 million in income he made on trading non-fungible tokens (NFTs). This case signals the Internal Revenue Service’s (IRS) increased scrutiny toward trading in digital assets. It illustrates their deep desire...
OpenSea, the largest NFT marketplace in the world, recently launched an XP (Experience Points) system as part of its OpenSea 2.0 overhaul. This new system incentivizes users to become active participants in this new marketplace. If you wanna be the coolest and get the most free $SEA tokens via a...
Waylon Wilcoxface, 45 of Pennsylvania, is in trouble. He claimed to have avoided more than $3.2 million in taxes by not reporting his CryptoPunks NFT sales. What’s more, he raked in an eye-popping $12.3 million selling digital avatars. Instead, he indicated zero income from virtual assets across the board. Zero!...
The NFT space, or Non-Fungible Tokens, has taken the world by storm in recent years, offering exciting new opportunities for investors and creators. While this digital gold rush may be tempting, it comes with a nuanced myriad of tax consequences. This is something that most people are only beginning to...
$3.2 million. Let that number sink in. For example, the IRS alleges that Pennsylvania’s Waylon Wilcox, 45, avoided paying over a million dollars in taxes. He racked up a huge $12.3m of profits flipping CryptoPunks, those fashionable pixelated avatars that moonwalked into the NFT-world’s collective subconscious. And he reported zero...
The SEA token airdrop. It's on everyone's lips right now. Before you dive headfirst into chasing those "point boxes" and maximizing your "loyalty score," let's take a step back. Is this actually about benefitting local community members, or is this just a really well-designed growth hack disguised as a reward...
Waylon Wilcox. Remember that name. This isn’t another clickbait, headline-grabbing, bad news story. It serves as a metaphor for all that is bad – and maybe good – about the current crypto ecosystem. Wilcox, a 45-year-old of Manheim, Pennsylvania, who just pleaded guilty. His CryptoPunks NFT trading alone allowed him...
Could one Mexican football club’s digital marketing experiment change the beautiful game as we know it? Necaxa's offering of a 1% ownership stake via NFT isn't just a headline. It's a potential earthquake shaking the foundations of sports ownership and a potential model for community wealth building.Democratizing The Owner's BoxFor...
Token ATH! is a huge fan of projects pushing the boundaries of blockchain technology, and this one takes the cake. Put away the idea that you merely possess a digital collectible! Club Necaxa by allowing fans the unique chance to own a piece of their club through an NFT auction....
Club Necaxa, a Liga MX Club, is selling a 1% ownership stake using NFT technology. Sounds revolutionary, right? Democratizing sports ownership, letting the new everyman suddenly have a slice of the action. Awe! Before you sprint over to OpenSea with your crypto wallet in hand, let’s pump the brakes. Is...
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...
BTC Dominance Bitcoin’s dominance (BTC.D) continues its bullish run, suggesting a market imbalance in favor of Bitcoin over other crypto competitors. Bitcoin’s dominance of the overall crypto market has gone through the roof. Now it’s getting closer to that truly awe inspiring 75% threshold, a percentage we haven’t achieved in...
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...
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...