The US Department of Justice introduced that Ramil Ventura Palafox, the CEO of Praetorian Group International (PGI), was sentenced to 20 years in jail. Prosecutors said that Palafox operated a $200 million Bitcoin-based Ponzi scheme that defrauded greater than 90,000 buyers the world over. Bitcoin Fraud Case According to court docket paperwork, Palafox, the 61-year-old…
It was three months in the past when the wait was lastly over for the XRP Army as the first spot exchange-traded fund monitoring the efficiency of their favourite asset in the US launched. The preliminary buying and selling days had been greater than spectacular, and some extra funds joined the Ripple fleet. However, the…
Peer-to-peer digital asset buying and selling platform Paxful has been sentenced to pay a $4 million legal penalty after pleading responsible to a number of federal offenses, in accordance with an official press launch from the US Department of Justice. The sentence follows Paxful’s admission that it conspired to advertise unlawful prostitution, violated the Bank…
Braden John Karony, SafeMoon’s former CEO, has been sentenced to eight years in jail for his function in a multi-million greenback crypto fraud scheme. U.S. District Judge Eric Komite handed out the judgment in a Brooklyn federal courtroom after a jury convicted him in May 2025 following a three-week trial. Details of The Sentencing Court…
Coinbase reported a $667 million internet loss for the fourth quarter of 2025, its first quarter within the purple since 2023. The loss, which was largely pushed by non-cash write-downs on the corporate’s crypto holdings and strategic investments, landed far beneath analyst expectations and reversed a $1.3 billion revenue from the identical interval final 12…
Bitcoin (BTC) fell to about $60,000 on February 5 after sliding roughly 50% from its peak close to $126,000, in line with the most recent market observe from Binance’s analysis arm. The report argues that, in contrast with prior cycles, the dimensions and construction of the decline counsel a market formed extra by institutional capital…
Prosecutors within the U.S. state of Ohio have issued a public warning urging Americans to look at for love scams tied to cryptocurrency as they have fun Valentine’s Day. The alert drew consideration to an increase in emotionally pushed fraud instances the place victims are persuaded to ship digital belongings after forming on-line relationships. Federal…
Israeli authorities have indicted an Israel Defense Forces (IDF) reservist and a civilian for allegedly utilizing categorised navy info to position bets on the favored prediction market platform Polymarket. According to The Times of Israel, Israeli authorities have indicted an IDF reservist and a civilian on suspicion of exploiting categorised navy info to position bets…
The U.S. Commodity Futures Trading Commission (CFTC) has chosen a number of cryptocurrency executives to serve on its newly created Innovation Advisory Committee (IAC). This improvement comes because the company, led by Chair Michael S. Selig, continues to point out that his administration plans to undertake a extra permissive strategy to regulating the digital asset…
Aggregated funding charge information throughout main cryptocurrency exchanges revealed that the present wave of brief positioning is probably the most excessive since August 2024, a interval that coincided with a significant backside for Bitcoin, in keeping with new evaluation from Santiment. At that point, funding charges sank deeply into adverse territory as merchants overwhelmingly positioned…