The non-fungible token (NFT) market is slowly recovering after a dramatic downturn, with daily trading volume exceeding $15 million. However, even in this recovery, the NFT space continues […]
CryptoPunk Trader Pleads Guilty to $13M Tax Evasion: Impact on Market Remains Unclear
A CryptoPunk NFT trader named Waylon Wilcox has been charged with tax evasion after hiding over $13 million in earnings from the IRS. The guilty plea, announced by […]
CryptoPunk Sales Tax Evasion Leads to Guilty Plea
Waylon Wilcox, a 45-year-old Pennsylvania resident, pleaded guilty to concealing over $13 million in profits from selling CryptoPunks NFTs on his tax returns. This resulted in evasion of […]
CryptoPunk NFT Trader Faces Jail Time Over Hidden Profits: First Major Tax Evasion Case
A landmark tax evasion case involving non-fungible tokens (NFTs) is set to shake up the digital asset world. Pennsylvania resident Waylon Wilcox, a 45-year-old individual who traded #CryptoPunks […]
CryptoPunk Seller Pleads Guilty for Failing to Report NFT Sales
A recent court case has highlighted the growing scrutiny of NFTs in the US, as Waylon Wilcox, an NFT trader, pleaded guilty to submitting false tax returns for […]
CryptoPunks Trader Indicted for $13 Million Tax Fraud
Waylon Wilcox, a prominent NFT trader from Pennsylvania, has been indicted for filing false income tax returns. Wilcox deliberately omitted approximately $13 million in income related to his […]
CryptoPunk NFT Sale Underscores Market Decline Amidst Stagnant Blue-Chip Sector
A recent sale of a CryptoPunk non-fungible token (NFT) has highlighted the persistent downturn in the NFT market. The transaction resulted in a nearly $10 million loss for […]
CryptoPunks NFT Witnessing $10M Loss in a Single Sale, Signaling Shifting Market Dynamics
A recent high-profile sale of a CryptoPunk has left the NFT community stunned, with a significant loss highlighting changing market dynamics. The rare CryptoPunk #3100, which originally fetched […]
NFT Trader Loses $10 Million on CryptoPunk Sale, Reflecting Market Volatility
A prominent NFT trader incurred a substantial loss of nearly $10 million when they recently sold their CryptoPunk NFT for 4,000 ETH. The sale represents a significant markdown […]
CryptoPunks Remain Popular Despite Market Downturn
The CryptoPunks NFT collection, established in 2017, has once again gained traction, captivating collectors and digital art enthusiasts amidst a market downturn. Although trading values have declined, these […]
CryptoPunks Remain In Demand Despite Market Correction
Despite a downturn in the NFT market, CryptoPunk NFTs continue to attract collectors and enthusiasts, as evidenced by recent high-profile transactions. The iconic 2017 collection saw renewed attention […]
CryptoPunk #3100: $6M Sale Leads to $10 Million Loss in NFT Market
A recent sale of CryptoPunks NFT #3100 involving a significant Ethereum transfer illustrates the volatility and risk associated with digital assets. The seller, who bought this specific PUNK […]
CryptoPunk #3100 Sells for $6 Million Despite $10 Million Loss in Slumping NFT Market
A rare CryptoPunk NFT, #3100, depicting an Alien Punk, recently sold for $6 million. This sale came amid a notable downturn in the NFT market, with prices plummeting […]