A federal judge sentenced PGI founder Ramil Palafox to 20 years in prison for running a Bitcoin Ponzi scheme that raised over $200 million from customers between 2019 and 2021.
Ezra Reguerra
Ezra Reguerra is a staff writer at Cointelegraph. He has been reporting for the publication since 2021, contributing news articles, feature stories, and interviews on blockchain and digital asset–related topics. His work focuses on Web3 culture, emerging technologies, and broader industry developments. He holds a Bachelor of Arts degree in broadcast journalism, communication, and media studies.
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Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme - News
Aave Labs seeks $50M grant to redirect product revenue to DAO Some community members questioned the size of the $50 million package and warned that the proposed AAVE token grant could concentrate voting power.
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Bitcoin miner outflows spike in January, but public sales remain limited Onchain data shows nearly 49,000 BTC moved from miner wallets in two days, but public disclosures suggest the transfers do not reflect broad capitulation.
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Gen Z flirts with crypto to pay for dates this Valentine’s, survey finds An OKX-commissioned Pollfish survey finds 13% of Gen Z have paid for dates with crypto, while many non-users cite a lack of a direct way to do so.
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Africa records highest stablecoin conversion spreads, data shows Data observed across 66 corridors in Africa shows conversion costs from 1.5% to 19% in January, with competition driving pricing gaps.
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Hong Kong greenlights crypto margin financing and perpetual trading Hong Kong’s SFC will allow licensed brokers to offer digital asset margin financing and set a framework for crypto perpetuals for professionals.
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Uniswap scores early win as US judge dismisses Bancor patent suit The court granted Uniswap’s motion to dismiss without prejudice, allowing plaintiffs 21 days to amend before the dismissal becomes final.
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Solana treasuries sitting on over $1.5B in paper SOL losses Public companies that amassed large Solana positions in 2025 have paused accumulation as equity markets reprice SOL-heavy balance sheets.
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Vitalik draws line between ‘real DeFi’ and centralized yield stablecoins The Ethereum co-founder outlined alternative stablecoin models that he says better align with DeFi’s original promise of risk decentralization.
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Crypto guarantee service Xinbi processed $17.9B after Telegram ban: TRM Labs TRM Labs says the $17.9 billion figure reflects gross onchain volume, including internal transfers, not confirmed illicit proceeds.
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South Korea expands crypto market probes after Bithumb Bitcoin blunder South Korea’s financial watchdog detailed planned investigations into high-risk trading tactics as it prepares the next phase of crypto regulation, Yonhap News Agency reported.
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NFT market cap slides back to 2021 pre-hype levels, near $1.5B NFT valuations have slid back to pre-2021 levels as minting expands, sales fall and major platforms exit amid a prolonged market downturn.
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Pump.fun moves deeper into trading infrastructure with Vyper acquisition The deal adds analytics and execution tools to Pump.fun’s ecosystem as Vyper winds down its standalone product and migrates users to Terminal.
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AI surveillance marks a new phase for South Korea’s crypto markets Recent volatility reviews, new surveillance systems and a landmark court ruling show how South Korea is enforcing stricter oversight of crypto markets.
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Crypto investors prioritize infrastructure over DeFi, survey finds Senior decision-makers flagged liquidity constraints and market depth as key barriers to institutional crypto adoption in 2026.
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Canada’s CIRO formalizes interim crypto custody framework The Canadian self-regulatory organization outlined custody limits, capital thresholds and reporting rules while long-term regulation remains in progress.
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Arbitrum, Optimism and Base weigh in after Vitalik questions L2 scaling model Base’s Jesse Pollak says L2s can’t be “Ethereum but cheaper” as builders respond to Vitalik Buterin’s call for specialization.
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Bitcoin borrowing shifts from short-term liquidity to long-term planning: Xapo Xapo Bank’s Digital Wealth Report says borrowers are keeping Bitcoin-backed loans open longer during the product’s first year of activity.
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South Korean watchdog expands AI systems to track crypto manipulation The Financial Supervisory Service said automated models now scan crypto trading activity across timeframes, reducing reliance on manual investigations.
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Hong Kong to grant first stablecoin issuer licenses in March: Report Hong Kong's monetary authority said only a small number of stablecoin issuers will be approved initially, as application reviews near completion.
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DeFi stays outside the rules as regulators tighten elsewhere: Finance Redefined Europe narrows crypto tax gaps, US lawmakers revisit market structure, and institutions push DeFi into compliance territory.
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Vitalik Buterin earmarks $45M in ETH for privacy and open-source infrastructure The move comes as the Ethereum Foundation enters a period of “mild austerity” while sticking to its core technical roadmap, Buterin said.
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DOJ finalizes $400M crypto forfeiture in Helix Bitcoin mixer case A final court order transfers the legal title of seized cryptocurrency and assets to the US government, closing a case tied to Helix’s operations from 2014 to 2017.
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Metaplanet approves $137M overseas raise to buy Bitcoin and repay debt Metaplanet said proceeds will be used for Bitcoin purchases, its Bitcoin income business and partial debt repayment as it executes its capital strategy.
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Sony doubles down on Soneium after first year of mainnet activity Sony has added a $13 million investment to its partnership with Startale, signaling a longer-term infrastructure strategy, a year after Soneium’s mainnet debut.
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South Korea regulator backs ownership caps for crypto exchanges The Financial Services Commission chief says ownership limits are still under negotiation as lawmakers debate the Digital Asset Basic Act ahead of a mid-February deadline.
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Australia’s ASIC flags crypto as ‘regulatory perimeter’ risk alongside AI, payments Australia’s securities regulator has bundled digital assets with AI and payments in its 2026 outlook, warning that companies exploiting licensing gray areas will be a top priority this year.
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Wemade taps Chainlink for Korean won stablecoin infrastructure Wemade added Chainlink to its Korean won stablecoin alliance to strengthen oracle and data infrastructure as South Korea debates stablecoin regulation.
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South Korea’s central bank flags FX risks as lawmakers debate stablecoin issuance South Korea’s stablecoin debate remains stalled as the central bank raises concerns over capital flows, issuer oversight and US dollar-linked risks.
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Japan plans framework that could permit crypto ETFs by 2028: Nikkei Japan’s financial regulator is weighing rule changes that could allow crypto assets to qualify for ETFs, signaling a possible shift in retail access.