Category: CryptoX News

Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, But Crypto AI Tokens Fail to Follow

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. Artificial Intelligence (AI) majors are slightly down despite blockbuster earnings by tech giants Microsoft (MSFT) and Meta, which cited their respective AI efforts as a catalyst for beating earnings. Microsoft’s cloud revenue jumped 27% to $46.7 billion, with Azure crossing $75 billion annually as demand for…

US Senator Declares ‘Year for Digital Assets’—Crypto Legislation Set to Reshape Markets

A U.S. senator has declared “this is the year for digital assets,” endorsing landmark federal efforts poised to transform crypto regulation, boost innovation and reshape financial markets. Senate Leadership Aligns With White House to Champion Crypto Revolution U.S. Senator Cynthia Lummis (R-WY) praised the President’s Working Group on Digital Asset Markets on July 30, describing […] Source CryptoX Portal

Algeria Enacts Sweeping Ban on Crypto Use, Exchange, and Mining

Algeria has enacted a comprehensive law that criminalizes all forms of cryptocurrency use, exchange, and mining, aiming to protect the national financial system. Total Ban on Crypto Use and Platforms Algeria recently enacted a sweeping new law that criminalizes any form of use, exchange, or mining of cryptocurrencies. The move is reportedly intended to protect […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Rodriguez, Hill Plead Guilty in Samourai Wallet Case, Laundering Charges Wiped

Keonne Rodriguez and William Lonergan Hill, developers of the Bitcoin privacy wallet Samourai Wallet, pleaded guilty to conspiring to operate an unlicensed money transmitting business in New York federal court on July 30, 2025. According to a report from The Rage, as part of their plea agreements, prosecutors dropped more serious money laundering conspiracy charges, […] Source CryptoX Portal

CoinDesk 20 Performance Update: Bitcoin and Ethereum Trade Flat as Index Declines

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 3924.15, down 1.1% (-42.13) since 4 p.m. ET on Tuesday. One of 20 assets are trading higher. Leaders: BTC (+0.0%) and ETH (-0.1%). Laggards: AVAX (-3.7%) and FIL (-3.5%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

Indonesia to Raise Taxes on Crypto Transactions: Reuters

Indonesia plans to raise taxes on crypto transactions by Aug. 1 as crypto investing grows more popular, Reuters reported citing a new regulation from the Ministry of Finance. Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said. For sellers using overseas exchanges the charge increases to 1% from 0.2%. There is some relief: Crypto buyers will no longer be subject to value added tax (VAT) under the new rules.…

What investors should know in 2025

What is Japan’s new proposed tax structure? And how does it compare to the prevailing tax structure? Crypto investors in Japan are bracing for a major tax shake-up in the country. On Jun. 24, Japan’s Financial Services Agency (FSA) proposed classifying crypto assets as financial products, similar to equities, bonds, etc. This reclassification would put crypto assets under the scope of the Financial Instruments and Exchange Act (FIEA), a regulatory framework that is applicable to traditional financial products in the country. Japan has long been recognized as a global pioneer…

Etoro Unveils 24/5 Trading and Launches US-Listed Equities as ERC20 Tokens

Social trading network Etoro (NASDAQ: ETOR) has announced its evolution toward a tokenized future during a webinar where Co-founder and CEO Yoni Assia emphasized the company’s long-standing belief in tokenization as a means to facilitate the transfer of wealth through blockchain technology. Etoro plans to expand its trading offerings to include 100 popular US-listed stocks […] Source CryptoX Portal