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Brazilian Wine Club Now Accepts Bitcoin As Payment On Mobile App

Brazilian Wine Club Now Accepts Bitcoin As Payment On Mobile App

Wine, a Brazilian wine club, is now accepting bitcoin as payment for purchases within its mobile app. The payment processing integration was achieved through a partnership with Redecoin, a subsidiary of SFC Brazil Group. Wine hopes to extend the functionality of bitcoin payments to its desktop and mobile website, as well as future Wine services. …

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Maryland Porsche Dealer Now Accepts Bitcoin Payments

Maryland Porsche Dealer Now Accepts Bitcoin Payments

Porsche Towson, a dealership in Maryland, U.S. now accepts bitcoin and other cryptocurrencies for the purchase of vehicles. BitPay enabled Porsche Towson to accept cryptocurrencies as payment through their API services designed to make processing crypto payments easier. BitPay’s tool shields businesses from eventual volatility in the BTC price by guaranteeing the merchant receives the …

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Russia’s Tax Authority: Let Bitcoin, Crypto Be Used In Foreign Trade

Russia’s Tax Authority: Let Bitcoin, Crypto Be Used In Foreign Trade

The Russian Federal Tax Service has made a suggestion for the bill “On Digital Currency,” proposing that entities be allowed to engage in foreign trade using bitcoin and crypto. This recommendation comes after the Ministry of Finance submitted a draft bill earlier this year which also discussed bitcoin mining. This legislation would allow corporate entities …

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Australia’s First Spot Bitcoin ETF To Launch Next Week

Australia’s First Spot Bitcoin ETF To Launch Next Week

Cryptocurrency-focused company 21Shares has teamed up with leading exchange-traded fund (ETF) provider ETF Securities to launch Australia’s first spot bitcoin ETF, the firm said in a statement Tuesday. The 21Shares Bitcoin ETF (EBTC) is set to go live on the country’s Cboe trading platform, formerly Chi-X, on April 27. 21Shares’ product joins a similar fund …

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Stargate Finance Tumbles After Launching Staking Platform

Stargate Finance Tumbles After Launching Staking Platform

Stargate Finance has taken a downward turn after launching its highly-anticipated staking governance model. Key Takeaways Stargate Finance has launched its staking program. The news was met with an increase in selling pressure. STG now holds above a critical support level.  Stargate Finance launched its highly-anticipated governance model, with which token holders can stake for …

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Finance Redefined: Hacker bungles DeFi exploit, dYdx’s decentralization goals, and more

Finance Redefined: Hacker bungles DeFi exploit, dYdx’s decentralization goals, and more

The decentralized finance (DeFi) ecosystem was filled with ups and downs —mostly the latter— this week, with two very distinct hack attempts and a heartbreaking departure of a DeFi veteran.  In this week’s newsletter, we will also look at derivative exchange dYdX’s plans to go fully decentralized by the end of the year. The price …

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