Tag: tax evasion

NFT Trader Admits to $3 Million Tax Evasion on CryptoPunk Sales

NFT Trader Admits to $3 Million Tax Evasion on CryptoPunk Sales

• Web3 Projects

Waylon Wilcox, a 45-year-old NFT trader, has pleaded guilty to underreporting nearly $13 million in profits from selling CryptoPunk NFTs. The sales occurred across 2021 and 2022. Wilcox is now facing up to six years in federal prison, as well as possible fines and terms of supervised release.Last year, Wilcox...

Further Reading

Dubai to Host Global Crypto Leaders at HODL 2025 Summit

HODL 2025 is set to convene more than 5,000 international leaders, investors, and innovators in Dubai. They’ll meet with world-class experts to learn about the latest developments in decentralized finance (DeFi), asset tokenization and AI-powered blockchain infrastructure. The 30 th edition of the summit, hosted by event organizers Trescon, marks...

AI DApps Surge in Popularity, Challenging Gaming and DeFi Dominance

DappRadar, perhaps the most respected and cited blockchain analytics platform around, just published its April 2023 industry report. It indicates that the sharp rise in popularity of Artificial Intelligence (AI) based decentralized applications (DApps) is massive. The report indicates that AI DApps are rapidly gaining traction and could soon rival...

SourceLess Inc. Emerges as Potential Web3 Unicorn

Less Inc. is an early stage, Delaware-based, Web3 technology infrastructure company. It’s quickly becoming known as one of the most promising new tech unicorns coming out of Eastern Europe. The firm is said to have a valuation of $420 million. It is disrupting existing digital ecosystems by using a Blockchain-as-a-Service...

WonderFi Co-Founder Karia Samaroo Aims to List AI Venture xTAO on TSXV

Karia Samaroo, another co-founder of WonderFi, is set to take his new startup xTAO public on the TSX Venture Exchange (TSXV). He’ll do this through a plan to merge with Adrianna Ventures. xTAO is an educational initiative centered around Bittensor, a decentralized AI network. Samaroo, then known as Ben Samaroo,...

MEXC Eyes Global Expansion, Champions University Role in Web3 Future

With these initiatives, MEXC is strategically positioning itself at the forefront of blockchain innovation by focusing on education, investment, and global expansion. The company plans to roll out more initiatives to support early-stage projects and drive mass adoption across the blockchain ecosystem. MEXC is of the opinion that universities and...

Web3 Freelancing Gains Traction in India, Challenging Traditional Platforms

Third, India has an opportunity to leapfrog the Web3 freelancing trend, which could fundamentally change the dynamics of the country’s gig economy. Web3 platforms are still nascent, but they’re already addressing issues faced by Indian freelancers on legacy platforms. They assist in the fight against late payments and eliminate expensive...

Meta Earth Unveils ME Network v2.0, Targets 10 Million Users by 2026

Meta Earth officially released ME Network v2.0 at a global launch ceremony taking place in the city of Dubai on May 1st, 2025. The company has quite a journey ahead as it seeks to solve the blockchain trilemma and grow its user base by orders of magnitude. Additionally, Meta Earth...

Filipino Writer Jose Rafael Aquino Covers Nexchain's Transparency Initiatives

Jose Rafael Aquino is a poet, editor, translator, and fiction writer from the Philippines. He’s an expert in finance, technology, cryptocurrency and sports, and he’s recently set his sights on Nexchain, a new Layer-1 blockchain. Aquino’s piece further explains how Nexchain’s unique approach to transparency through Know-Your-Customer (KYC) verification makes...