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...
Now that the digital dust has settled on DraftKings’ $10 million settlement… That’s particularly the case with their Reignmakers NFT platform, which is at the center of this decision. The class-action lawsuit alleged DraftKings was offering unregistered securities. To the surprise of many, a federal judge expressly ruled that these...
Imagine this: a bright-eyed college student, let's call him Alex, scrolling through Twitter, sees the hype around DraftKings' Reignmakers NFTs. He's a sports fan, tech-savvy, and figures, "Why not? It's a fun way to maybe make some extra cash." He loads up a few hundred bucks into these dorky looking...
The NFT space is rapidly changing and as the landscape shifts so too does the focus of regulators looking to identify illicit and harmful behavior. Recently, DraftKings reached a $10 million settlement regarding its NFT offerings, raising important questions about the classification of NFTs and their potential treatment as securities....
The crypto industry is famously volatile, creating and destroying billionaires in an instant. Over the last few weeks, SUI, a newer entrant into the crypto scene, has caught the imagination of both investors and analysts. Token ATH! is back with some analysis to help explain what’s behind this new surge....
It’s hard to deny that the recent 73% SUI spike has caught everyone’s attention, including my own. It's hard to ignore numbers like that. Hold on a second before you go rushing to join the tour bus. We’ve been down this movie before in the crypto world. Remember Dogecoin's Elon...
SUI is up 73% this past week. Everyone's talking about it. Before we uncork the champagne, let's ask a crucial question: who is really benefiting from this surge? So are you going to be here with me and the average crypto enthusiast on this … Or is this simply the...
Alright, let's cut to the chase. Trump wants those interest rates slashed. He's practically breathing down Powell's neck. What’s not up for debate is why states are making this shift. The impact on crypto, especially altcoins, would be nothing short of monumental. Forget Lambos, think liberation. This isn’t just about...
The crypto market has no shortage of excitement. At the moment, we have all our eyes on how the possible interest rate cuts would affect it. Will it be seen that way on the 19th, and will that lead to a new bull run like we saw during the pandemic?...