Flare Launches Luminite Wallet, Expands Reach Into DeFi
Flare, the EVM-compatible interoperative chain has unveiled its new product—a seedless wallet, along with some other upcoming plans. It is steadily increasing in user engagement, as evidenced by certain metrics. Shiny New Wallet In a press release shared with CryptoPotato, Flare announced…
Embargo ransomware group nets $34.2 million: TRM Labs
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…
Paxos to pay $48 million in New York settlement over AML compliance failures
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…
Trump-Appointed Crypto Council Head to Step Down
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…
White House shakeup, Ripple-Rail acquisition
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…
Tether takes stake in Bit2Me and leads its new funding round
Key Takeaways Tether has acquired a minority stake in the Spanish crypto platform Bit2Me. The crypto exchange serves over 1.2 million users and 7,000 companies. Share this article Tether said Thursday the firm had taken a minority stake in Bit2Me,…
This Week In Crypto Asia: UAE Streamlines Crypto Oversight, India Cracks Down On Crypto Scammers
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…
Cardano Stablecoin DJED Goes Private and Open-Source
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…
Bo Hines, White House crypto adviser, resigns: What we know
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…
OpenAI drops GPT-5 and it decides when to giga-think so you don’t have to
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….
