Category: CryptoX News

Spanish Police Bust Suspected Crypto Fraud Operation That Allegedly Stole $540M From 5K Victims

Spanish police arrested five members of a suspected crypto fraud operation that allegedly laundered 460 million euros ($540 million) stolen from over 5,000 victims. The bust, carried out by Guarda Civil, the armed wing of the country’s law enforcement agencies, saw three arrests from searches in the Canary Islands and two in Madrid on June 25. The investigation was supported Europol, as well as police forces from Estonia, France and the U.S. The criminal network raised funds through cash withdrawals, bank transfers and crypto payments, Europol said in a statement…

BTC holds at $100k amid sales, corporate buys could spark rise

Despite strong institutional demand and steady inflows, Bitcoin has failed to break past the $100,000 mark in recent weeks, raising questions about what’s driving the stall. Weighing in on BTC’s (BTC) performance, Capriole Investments founder Charles Edwards said the sideways action reflects a major rotation between long-term holders and new institutional buyers. According to Edwards, many long-term Bitcoin holders, the “OGs,” have been offloading their positions since the launch of spot exchange-traded funds (ETFs) in January, dumping large portions of their holdings on Wall Street buyers. “People are wondering why…

Bhutan Bets on Binance Pay to Power Crypto-Backed Tourism Economy

Bhutan is going full tilt on crypto — not just to modernize its financial rails, but to attract high-value global travelers and build a digitally resilient economy. At the Digital Bhutan panel, co-hosted by Binance, officials laid out a clear vision: bring crypto out of theory and into everyday life. “Tourists complain they can’t use SWIFT or pay easily. Binance Pay fixes that,” said Damcho Rinzin, director of the department of tourism. Rinzin added that travelers are already using crypto to buy local goods — in one case, even groceries…

Terra Nexus Enters Into an MoU With a Chinese Government-Owned Enterprise “Sinohydro”

This content is provided by a sponsor. PRESS RELEASE. Terra Nexus Project Management Service CO.L.L.C S.O.C (Representative: Hidetoshi Tashiro) based in Dubai, UAE, has entered into a memorandum of understanding (MoU) with Sinohydro Bureau 6 Co., Ltd. (hereinafter “Sinohydro”), a Chinese government-owned infrastructure company, regarding a mining partnership for mining resources in the West African […] Source CryptoX Portal

ETH Bulls Eye $3K as Validator Backbone Upgrade Rolls In

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CryptoX’s Crypto Daybook Americas. As Asia begins a new trading week, ETH is trading close to $2500, up 11% in the seven days, according to CryptoX market data, outperforming BTC. Market observers have attributed ETH’s outperformance versus bitcoin and other major cryptocurrencies to a string of bullish headlines in the…

Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform

The Pan-African Payment and Settlement System has officially launched a currency marketplace aimed at reducing reliance on the U.S. dollar for intra-African trade. No Hard Currency Involved The Pan-African Payment and Settlement System (PAPSS) has launched the African Currency Marketplace, a major step toward reducing reliance on the U.S. dollar for intra-African trade settlements. This […] Source CryptoX Portal

Buterin: Zero-Knowledge Digital IDs Still Carry Coercion, Privacy Risks

Ethereum co-founder Vitalik Buterin has raised concerns that digital identity systems using zero-knowledge proofs, such as Sam Altman’s World project, could weaken online pseudonymity while introducing new risks. Buterin Argues One-ID-Per-Person Systems Create New Vulnerabilities In a June 28 blog post, Buterin argued that even privacy-focused designs face fundamental challenges when enforcing a one-identity-per-person rule. […] Source CryptoX Portal