Acum 13 h
PGI chief Ramil Palafox sentenced to 20-year prison term over $200M Bitcoin Ponzi scheme
In Virginia, a federal court sentenced Praetorian Group International chief executive Ramil Ventura Palafox, 61, to 20 years in prison for operating a Bitcoin-based Ponzi scheme that raised over $200 million from investors between December 2019 and October 2021. Prosecutors said the operation took in more than 8,198 BTC and over $201 million in total, caused at least $62.7 million in losses, and falsely promised daily returns of up to 3%.
BTC
BTC+4.81%
Acum 13 h
Acum 14 h
Crypto Gems Weekly: Bitcoin Holds $65K as Tether Burns $3.5B, Is the Deleveraging Floor Near?
Crypto markets remained in a high-volatility deleveraging phase during the week of February 6–13, 2026. While Bitcoin (BTC) stabilized in the mid-$60,000s, structural shifts dominated the headlines: Tether executed a record $3.5 billion USDT burn, and global regulators tightened the noose on offshore stablecoins. With the Fear & Greed Index hitting historic lows at 5–10, institutional giants like MicroStrategy reported staggering $12.6 billion paper losses, signaling a brutal but necessary reset of the Digital Gold narrative.
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BTC
BTC+4.81%
Acum 14 h
Acum 14 h
JPMorgan sees crypto in "self-correction" as Bitcoin lags $77,000 cost and long-term goal set at $266,000
On 13 February 2026, JPMorgan analysts led by Nikolaos Panigirtzoglou described crypto as undergoing a "self-correction" ahead of a potential 2026 recovery. They cited Bitcoin's mid-$60,000 move below an updated ~$77,000 production cost, anticipated U.S. regulatory clarity as a catalyst for institutional inflows, and reaffirmed a long-term $266,000 target.
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BTC
BTC+4.81%
Acum 14 h