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NFT News
Blockonomi
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Pennsylvania Man Pleads Guilty to Tax Fraud Over $13M in CryptoPunks NFT Sales
- Pennsylvania man Waylon Wilcox pleaded guilty to filing false tax returns concealing $13M in CryptoPunks NFT sales
- He underreported $8.5M in 2021 and $4.6M in 2022, reducing his tax obligation by over $3.2M
- Wilcox sold 97 CryptoPunks NFTs: 62 in 2021 for $7.4M and 35 in 2022 for $4.9M
- He faces up to six years in prison, supervised release, and fines for tax evasion
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Crypto-News-Flash
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Mantra Investigates Potential Exchange Role in Sudden OM Token Crash
- Mantra's token OM experienced a catastrophic collapse, dropping by 98% in an hour.
- An internal investigation has been initiated by Mantra to determine the role of centralized exchanges in the sell-off.
- The crash was triggered by sudden closures of account positions by centralized exchanges.
- Anomalies in whale movements and high trading volume suggest potential for OM's rebound.
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Crypto-News-Flash
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Shaquille O’Neal Settles Lawsuit Over Astrals NFT Project
- Shaquille O’Neal settled a class action lawsuit over promoting the Astrals NFT project.
- O'Neal agreed to pay $11 million to settle the lawsuit filed by buyers of Astrals NFTs.
- The settlement was approved by Florida Federal District Judge Federico Moreno.
- Despite supporting Astrals after FTX's collapse, O'Neal faced legal scrutiny for his involvement.
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TheNewsCrypto
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NFT CryptoPunk Seller Pleads Guilty For False Tax Returns Submission
- A man in Pennsylvania pleaded guilty for false tax returns submission on his NFT sales.
- The NFT market is receiving increased attention from regulators.
- Bitcoin experienced a brief bullish return, reclaiming $86K after a crash.
- A crypto trader in Pennsylvania is facing charges for excluding 97 CryptoPunk NFT transactions from tax returns.
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Cryptonews
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CZ Denies Deal to Testify Against Justin Sun, Slams WSJ Report as ‘Smear’
- Former Binance CEO, Changpeng ‘CZ’ Zhao, denies testifying against Justin Sun as part of a plea deal with the US DOJ.
- Zhao claims the Wall Street Journal report may be a smear campaign against him and his former company.
- Justin Sun expresses full trust in Zhao and the US DOJ.
- Charges against Sun were dropped after he invested $75 million in the Trump-backed DeFi project World Liberty Financial.
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TronWeekly
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CryptoPunk NFT Trader Faces Prison for $3.3M in Tax Evasion
- Waylon Wilcox, a trader based in Dillsburg Pennsylvania, has pleaded guilty to tax evasion after not reporting income from CryptoPunk sales, evading about $3.3 million in taxes.
- Wilcox faces up to six years in prison for tax evasion and his actions highlight the increasing scrutiny on cryptocurrency and NFT transactions.
- The NFT tax investigation is the first major case in the United States and emphasizes the importance of taxpayers complying with rules and tax payments.
- The CryptoPunks NFT market has experienced a decline in sales volumes, but the floor price has increased to $68,800.
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Cryptonews
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Pennsylvania Man Admits Hiding Millions in CryptoPunks NFT Income, Faces Tax Fraud Charges
- Pennsylvania man Waylon Wilcox pleaded guilty to hiding over US$13M in income from selling 97 CryptoPunks NFTs, dodging roughly US$3.3M in taxes.
- This marks the first major US tax evasion prosecution involving NFTs.
- Wilcox faces up to six years in prison, with a lighter sentence expected.
- Reports reveal he concealed his wealth while his partner solicited donations online.
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Bitcoinist
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Binance Co-Founder Denies Testifying Against Justin Sun In US Plea Deal
- Binance co-founder Changpeng “CZ” Zhao has denied agreeing to testify against TRON founder Justin Sun in his deal with the US Department of Justice.
- A report by the Wall Street Journal claimed CZ would provide evidence against Sun in his plea deal, but CZ dismissed the claims on social media.
- CZ stated that there were no money laundering or fraud charges against him, clarifying the charges brought by the DoJ were related to Anti-Money Laundering violations.
- Justin Sun, the founder of TRON, downplayed the rumors and affirmed his close relationship with CZ and the US Department of Justice.
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Pymnts
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Binance Reportedly Sought Looser Regulation From US Treasury
- Binance has reportedly met with government officials to discuss relaxed regulation on the cryptocurrency exchange.
- The meeting between the company and representatives of the Treasury Department happened last month, with Binance seeking to remove a government-appointed monitor overseeing compliance with anti-money laundering laws.
- Binance is also reportedly in talks with World Liberty Financial, a crypto venture backed by President Donald Trump’s sons, to list a new stablecoin.
- These discussions come as the US government is considering fewer enforcement efforts in the crypto space, with the Department of Justice planning to focus on specific areas like terrorism, drug trafficking, and fraud.
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Massivelyop
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The MOP Up: Path of Exile 2 figures out how to respec Ascendancy classes
- Path of Exile 2 introduces respecs for Ascendancy classes
- Evercore Heroes offers unique hero design in its 'hero roguelike'
- Throne and Liberty highlights benefits of buying into its battle pass
- Various updates and events in other MMO games
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Livebitcoinnews
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Did Binance’s CZ Rat Out Justin Sun to Strike a Deal with the US DOJ?
- Binance's founder, Changpeng 'CZ' Zhao, is speculated to have made an undisclosed agreement with US officials.
- There is no direct proof, but CZ entered into a plea deal with regulators related to Binance's legal issues.
- Some believe that CZ provided evidence against Justin Sun, the Tron founder, to receive lighter treatment.
- While there is speculation, there is a lack of credible evidence to validate the claims of CZ cooperating with the authorities.
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9 Likes
Massivelyop
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Blockchain MMORPG EVE Frontier opens a free trial for everyone until April 21 as its latest reset begins
- Blockchain MMORPG EVE Frontier has opened a free trial, running until April 21st, allowing players to experience the hardcore survival sandbox without purchasing a founder's pack.
- The free trial coincides with the game's third cycle and full economic reset, aiming to put all players on an even footing and provide an opportunity to refine strategies.
- CCP, the developer, continues to test the game's economy and is focused on incorporating blockchain 'smart assemblies' to allow players to create in-game items quickly and improve the combat system.
- The game's recent livestream highlighted the minimal changes made with the reset, while emphasizing the game's unique features and plans to enhance space travel.
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TronWeekly
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Tron’s Justin Sun Calls CZ a Mentor, Denies Allegation Awareness
- Tron founder Justin Sun reaffirmed his loyalty to Changpeng 'CZ' Zhao and denied the rumors of cooperation with U.S. prosecutors.
- Sun emphasized the strong ties between Tron and the U.S. Department of Justice, and their collaboration to protect global users from digital asset crime.
- Sun praised Donald Trump's stance on cryptocurrency and expressed confidence in TRON (TRX) benefiting from the U.S. crypto market growth.
- CZ Zhao has not publicly confirmed or denied the claims, but his pre-article tweet hints at anticipation of a negative report.
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TheNewsCrypto
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Binance Seeks to Ease U.S. Scrutiny While Exploring Business Deal with Trump-Linked Crypto Venture
- Binance executives seek reduced U.S. oversight and explore a business deal with Trump-linked World Liberty Financial.
- The partnership with World Liberty could boost the adoption of USD1 stablecoin, benefiting the Trump family financially.
- Binance CEO and Chief Legal Officer meet with U.S. Treasury officials to discuss reducing government oversight.
- Binance strengthens ties with Trump figures amid regulatory moves and discusses a potential digital-currency golden age.
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TronWeekly
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SEC and Binance Seek 60-Day Pause in Ongoing Lawsuit
- Binance and the SEC jointly requested a 60-day pause in ongoing settlement negotiations.
- The SEC's Crypto Task Force, formed in February 2025, aims to harmonize digital asset regulations.
- Binance settled a $4B DOJ lawsuit in 2023; CZ resigned amid mounting legal pressure.
- The pause extension would allow for more thorough deliberations and alignment of the settlement terms.
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