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Ex-Head of Crypto Exchange Wex Released in Poland


Former chief executive of the Russian cryptocurrency exchange Wex, Dmitry Vasiliev, has been released from arrest in Warsaw earlier this month. The ex-head of the now-defunct coin trading platform has since returned to Russia while court proceedings against him in Poland are still ongoing. Polish...

SEC Chairman Gary Gensler Adds Crypto Adviser to Executive Staff


The U.S. Securities and Exchange Commission (SEC) has added a number of advisers to Chairman Gary Gensler’s executive staff. Among them is Corey Frayer, who advises Gensler on “SEC policymaking and interagency work relating to the oversight of crypto assets.” SEC Has...

Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS


Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such...

Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading


Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms. Pakistan...

New Age DAM APIs to Simplify Your Media Workflows


(This is a sponsored post.) High-velocity, online businesses produce multiple digital assets like banners, images, videos, PDFs, etc., to promote their businesses online. For such businesses, Digital Asset Management (DAM) solutions are essential. These solutions help centrally store, manage...

Aave-DeFi Lending Protocol Takes Real-World Assets as a Part of Collateral


Decentralized finance acts as a closed system. Cryptocurrency owners show their crypto in the form of collateral to get loans in dollar-pegged stablecoin, further using it for the DeFi projects. However, the entire closed-loop has opened a bit after Aave lending regulations announced their plans...

Aave and Centrifuge Launch 'Real World Assets' Market


  Popular decentralized finance (DeFi) protocol Aave (AAVE) has partnered with decentralized operating system Centrifuge to launch a new market called Real World Assets (RWAs), which would enable users to earn yield against real-world assets. Prior to this, Aave users could only borrow and lend...

Study Shows Market Share of Altcoins Surged Threefold Since 2014


This week, bitcoin’s market dominance among the market capitalization of all 12,046 crypto assets in existence has been hovering above 38%, while ethereum’s overall valuation commands 19% dominance. A report published on Monday shows that since 2014, the market share of altcoins...

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