The Embargo ransomware group has stolen $34.2 million since emerging in April 2024, targeting victims across the healthcare, business services, and manufacturing sectors, according to TRM Labs research. Most victims are located in the U.S., with ransom demands reaching up to $1.3 million per attack. The cybercrime group has hit major targets, including American Associated…
Key Takeaways Paxos will pay $48.5 million to settle compliance failures with New York regulators related to its partnership with Binance. The company must strengthen its compliance systems after DFS found failures in due diligence and anti-money laundering controls. Share this article Blockchain infrastructure platform Paxos Trust Company has agreed to a $48.5 million settlement…
Bo Hines, who has led the Trump administration’s White House Crypto Council since December 2024, is stepping down to return to the private sector. During his tenure, Hines oversaw key policy initiatives, including the administration’s push for dedicated crypto regulations and the passage of the GENIUS Act, which established a framework for dollar-pegged stablecoins. Bo…
The cryptocurrency world saw a flurry of major developments this week, spanning politics, regulation, corporate moves, and market adoption. In addition to Bo Hines’ resignation from the Council of Advisors for Digital Assets, high-profile legal cases against Tornado Cash’s creator and Binance founder Changpeng Zhao advanced. Meanwhile, market players from Coinbase to Animoca Brands unveiled…
Key Takeaways Chainlink has launched an onchain reserve funded by revenue and network usage, accumulating over $1 million in LINK tokens. The Chainlink Reserve leverages Payment Abstraction to collect revenue in any token and convert it to LINK, with no planned withdrawals for multiple years. Share this article Chainlink is building a new on-chain reserve…
Another week has come to a close, bringing massive changes to the Asian crypto landscape. From regulatory changes and bringing the heat to crypto scammers to raising capital, a lot has happened this week in the Asian crypto landscape. Here’s the top three rundown. UAE’s VARA And SCA Unite To Streamline Crypto Regulations Coming in…
Focused on privacy and security, DJED will be molded into a multi-chain asset, providing the foundation for both open and private finance. Open-Source Features Announced at the Rare Evo blockchain conference and shared to CryptoPotato via a news release, COTI, the EVM-compatible, privacy-focused Layer 1 (L1), unveiled the next step in DJED’s development. Recall that the…
That was fast. Bo Hines, executive director of the Council of Advisors on Digital Assets, stunned Washington, D.C. and the crypto community alike by announcing his sudden resignation on Saturday, Aug. 9, after serving only seven months. Hines’ unexpected departure has fueled speculation about the reasons behind his brief tenure and what this means for…
Key Takeaways OpenAI has launched GPT-5, its most powerful AI model yet, bringing significant gains in reasoning, accuracy, safety, and real-world usefulness across domains. The model is now the default in ChatGPT, with Pro subscribers getting access to GPT-5 Pro. Share this article OpenAI has rolled out GPT-5, its latest AI model featuring enhanced capabilities…
On August 9, Ethereum (ETH) did what it hadn’t done since last December: it breached the $4,000 mark and has held steady above $ 4,100. However, does the case present for it to be the best crypto to buy now? It climbed 6.38% throughout the day and at one point reached $4332, before sliding down…
