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news-imageApril 23, 2025

SEC and DOJ Charge Ramil Palafox in $200M Crypto Ponzi Scheme Targeting 90,000 Investors

In a major crackdown, the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have charged Ramil Palafox, a dual U.S.-Philippines citizen, with orchestrating a $200 million Ponzi-like crypto trading scam that misled over 90,000 investors worldwide.
Publisher: Cryptosnewss
Sentiment: Negative
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Negative
cover-imageCointelegraph
April 23, 2025

Crypto drainers now sold as easy-to-use malware at IT industry fairs

Crypto drainers — malware designed to steal cryptocurrency — have become easier to access as the ecosystem evolves into a software-as-a-service (SaaS) business model.In an April 22 report, crypto forensics and compliance firm AMLBot revealed that many drainer operations have transitioned to a SaaS model known as drainer-as-a-service (DaaS). The report revealed that malware spreaders can rent a drainer for as little as 100 to 300 USDt (USDT).

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Negative
cover-imageAltcoin Buzz
April 23, 2025

Trump's Crypto Embrace Sparks EU Fears of Financial Fallout

A brewing showdown between Europe's top financial institutions could shape how the world approaches crypto regulation in a Trump-led era. This week, tensions erupted between the European Central Bank (ECB) and the European Commission over how well Europe's new crypto laws can hold up if Trump's policies trigger a wave of financial volatility.

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Negative
cover-imageCointelegraph
April 23, 2025

Binance tightens South African compliance rules for crypto transfers

Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals.In an official announcement on April 23, the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands. Starting April 30, 2025, Binance users in South Africa will be prompted to provide additional information when transferring crypto.

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Negative
cover-imageUToday
April 23, 2025

Beware of SMS Spoofing, Binance CEO Issues Major Warning

Binance CEO Richard Teng has taken to the social media platform X to warn community members about a new scam ravaging the crypto ecosystem. Teng flagged SMS spoofing as the next biggest strategy among scammers, noting the need to stay safe.

general-iconGeneral
Positive
cover-imageThe Cryptonomist
April 23, 2025

Trump Media announces the new ETFs born from the agreement with Crypto.com

Trump Media and Technology Group (TMTG) has announced the new line of cryptocurrency-themed ETFs, following the agreement signed with Crypto.com. For the launch of the new ETFs, Trump Media will collaborate with Yorkville America Digital. The initiative, made public on April 22, represents a decisive step for the company in diversifying its activities, going beyond media and technology to embrace the world of investments. The new ETFs will be launched under the Truth.Fi brand and will offer combined exposure to digital assets and key sectors of the US economy, such as energy. Distribution will be entrusted to Foris Capital US LLC, the regulated broker-dealer division of Crypto.com, pending the necessary regulatory approvals.

general-iconGeneral
Negative
cover-imageBitcoin
April 23, 2025

US Stablecoin Plans Ignite EU Regulatory Dispute

U.S. endorsement of cryptocurrencies and promotion of dollar-based stablecoins has reportedly sparked tensions between the European Commission and the European Central Bank. ECB Dollar-Based Stablecoin Concerns Overblown U.S.

general-iconGeneral
Negative
cover-imageBitDegree
April 23, 2025

Nelk Boys Fire Back, Say NFT Lawsuit Is Just Buyer's Regret

YouTubers Kyle Forgeard and John Shahidi, known as the Nelk Boys, are asking a California court to dismiss a lawsuit accusing them of misleading buyers in their Metacard non-fungible token (NFT) project.

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Neutral
cover-imageAltcoin Buzz
April 23, 2025

Binance Tightens KYC Rules in India for AML Compliance

Binance is working hard to improve its ties with Indian regulators and is enforcing stricter Know Your Customer (KYC) requirements. The crypto exchange previously faced several frictions with Indian regulators, including atemporal service disruptions.

general-iconGeneral
Positive
cover-imageBitcoin
April 23, 2025

Crypto Airdrops Powerful Tool for User Acquisition, Study Finds

A MEXC study reveals that airdrops drive over a third of new user registrations, surpassing referrals and organic sign-ups. The Commonwealth of Independent States region leads in airdrop participation, followed by Southeast and South Asia.

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Negative
cover-imageCointelegraph
April 23, 2025

Bitcoiners should be cautious over rally as stablecoin indicator lags: Analyst

Bitcoin's 12% rally over the week and a surge in related exchange-traded fund inflows have analysts thinking it could soon reach $100,000, but one crypto analyst has said to temper hopes as a key indicator is still giving mixed signals.“Given that our stablecoin minting indicator has yet to return to high-activity levels, we remain cautious about the sustainability of the current Bitcoin rally,” 10x Research head of research Markus Thielen said in an April 23 markets report.

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Positive
cover-imageBitcoin
April 23, 2025

Battle Derby Blends Racing, MOBA, and Web3 in One Frenzied Free-to-Play Arena

Mario Kart on-chain with rocket launchers — that's Battle Derby. Race, strategize, and earn in this fast-paced Web3 thrill ride. Regina's Web3 Gaming Odyssey: Episode 24 From high-stakes battlegrounds to zany, car-fueled chaos! Welcome to a Web3 racing shooter that's redefining competitive gameplay with style and speed.

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Positive
cover-imageInvezz
April 23, 2025

Concordium expands PayFi ecosystem with four new stablecoin partnerships

The enterprise-grade Layer 1 blockchain, Concordium, is set to significantly expand its stablecoin offerings, announcing that four distinct platforms – Agant, Noon, Deep Blue, and AEDX – will issue their respective stablecoins natively on its network.

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Positive
cover-imageTokenpost
April 23, 2025

Trump Backs SEC Chairman Paul Atkins to Bring Clarity to Crypto Regulations

U.S. President Donald Trump voiced strong support for new Securities and Exchange Commission (SEC) Chairman Paul Atkins on Tuesday, emphasizing the urgent need for regulatory clarity in the rapidly growing cryptocurrency industry. Speaking at Atkins official swearing-in ceremony, Trump stressed that crypto innovators are calling for a clear and stable regulatory framework.

general-iconGeneral
Positive
cover-imageCointelegraph
April 23, 2025

Trump Media inks deal with Crypto.com for ‘Made in America' ETFs

US President Donald Trump's media conglomerate, Trump Media and Technology Group, has signed an agreement with crypto exchange Crypto.com to launch exchange-traded funds “with a Made in America focus.”Trump Media, which operates the social media site Truth Social, said on April 22 that it signed a binding agreement with Crypto.com and asset manager Yorkville America Digital to launch ETFs, which “are expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy.

general-iconGeneral
Negative
cover-imageCointelegraph
April 23, 2025

SEC and feds charge man over $200M crypto trading scheme

The US Securities and Exchange Commission and federal prosecutors have charged a man they allege created a crypto scheme that swindled 90,000 people out of $200 million in the hopes of earning returns from Bitcoin and forex trading.The SEC said on April 22 that it had charged Ramil Palafox, a dual citizen of the US and the Philippines, claiming he misappropriated over $57 million in investor funds gained through his company, PGI Global, between January 2020 and October 2021. The regulator alleged Palafox used a multilevel marketing model to execute a “Ponzi-like” scam until the company's collapse in 2021.

general-iconGeneral
Negative
cover-imageTokenpost
April 23, 2025

Unicoin Rejects SEC Settlement Talks Amid Ongoing Crypto Probe

Miami-based crypto firm Unicoin has declined the U.S. Securities and Exchange Commissions (SEC) proposal to negotiate a settlement over an ongoing investigation, according to CEO Alex Konanykhin. In a letter sent Tuesday to investors, Konanykhin revealed that Unicoin was issued an ultimatum to attend a settlement meeting on April 18 but refused due to what he described as unacceptable demands from the SEC.

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Positive
cover-imageTokenpost
April 23, 2025

5 Key Facts About New SEC Chair Paul Atkins and His Crypto-Friendly Stance

Paul Atkins has officially been sworn in as the 34th chair of the U.S. Securities and Exchange Commission (SEC), stirring significant attention across Wall Street and the crypto industry. Known for his libertarian views, Atkins made headlines early in his career by opposing the SarbanesOxley Act, a major reform passed after the Enron scandal to enhance corporate accountability.

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Neutral
cover-imageTokenpost
April 23, 2025

Can DeFi Survive Beyond Incentive Farming?

DeFi is experiencing a revival with the rise of new blockchains like Berachain, TON, Plume, and Sonic, each offering aggressive yield incentives reminiscent of 2021s yield farming boom. However, the key question remains: are these ecosystems sustainable once incentives run out?

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