The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part of their 2021 tax statements, leaving close to $7.6 million in such assets undeclared. Argentine Tax…
The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre Payments, terminated its agreement with the company. Wyre cited “violations of any third-party payment processor or network rules,” in February. After a long and difficult consideration, we have decided to close down SpankPay, our crypto payment processor that we built as a…
The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre Payments, terminated its agreement with the company. Wyre cited “violations of any third-party payment processor or network rules,” in February. After a long and difficult consideration, we have decided to close down SpankPay, our crypto payment processor that we built as a…
Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects a Crash Landing Famed economist…
Decentralized finance (Defi) analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a “forking” of the platform. Potential trouble at DefiLlama was first revealed when developer 0xngmi claimed in a March 19 Twitter post that DefiLlama was “undergoing a hostile takeover,” with the launching of a token called “LLAMA” without employee approval or…
Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter. In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the exploiter claimed they now want to “come to an agreement”…
Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,” the governor warned. Governor Ron DeSantis Proposes Law to Prevent Financial ‘Weaponization’ Through a CBDC Florida Governor…
The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all-time high in November 2021. A March 20 update of the Index showed a score of 66, placing it firmly within the “Greed” territory. The Index’s score of 66 as shown on March 20. Source: alternative.me The…
Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables. Mastercard and Stables on March 20 announced a collaboration to allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted. The collaboration involves a stablecoin-only wallet built by Stables, coming with a payment card supported by Mastercard.…
The DefiLlama team apologized Monday for confusing its users over the weekend through a statement directed people to a forked version of its decentralized finance dashboard. “The DeFiLlama team would like to apologize for the events that unfolded yesterday, as a result of poor communication and a misunderstanding within the team,” the company tweeted. Yesterday, a rift between 0xngmi and…
