Category: CryptoX News

Grand Jury Charges Pastor, Wife in Alleged Multi-Million Dollar Cryptocurrency Scam

A Denver grand jury has indicted a married couple on 40 counts of theft, fraud and deceit, for allegedly operating a multi-million-dollar cryptocurrency scam that mostly targeted churches, the Denver District Attorney announced in a press release on Tuesday. Between 2022 and July 2023, Eli Regalado, who is also a pastor who preaches at the Victorious Grace Church, and his wife Kaitlyn, the only other employee at the church which they host at their home, allegedly solicited nearly $3.4 million from investors looking to buy their INDXcoin cryptocurrency from their…

Square Begins Rollout of Bitcoin Payments for Sellers, Targets Full Availability by 2026

Jack Dorsey’s Square (XYZ) has begun the rollout of bitcoin payments for merchants on its network. Square began onboarding the first sellers, enabling them to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer at Square’s parent company Block (XYZ), posted on X on Tuesday. Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat. Square plans to make the service available to all merchants using its sales platform by next year. The company…

Paypal Teams With Indian and Chinese Giants to Build Global Payment Network

Paypal has launched a new platform aimed at connecting various payment systems with its digital wallets, allowing users to shop internationally without conversion fees or delays. Expanding Global Reach Fintech giant Paypal has collaborated with global payment leaders to introduce Paypal World, a new platform designed to connect popular payment systems with its digital wallets. […] Source CryptoX Portal

Ethereum Technical Analysis: Bullish Structure Intact—If $3,600 Support Survives

Ethereum traded at $3,674 on July 23, 2025, with a market capitalization of $443 billion and a 24-hour trading volume of $41.24 billion. The intraday price fluctuated between $3,650 and $3,758.05, indicating consolidation amid a broader bullish trend. Ethereum From a long-term perspective, the daily chart reveals ether remains in a strong uptrend after rallying […] Source CryptoX Portal

Bitcoin Price Pinned Below $120K But Analysts Say BTC Upside is Not Over

Key takeaways: Bitcoin (BTC) remains pinned below $120,000 after reaching a fresh all‑time high near $123,000 last week. As BTC price consolidates, numerous market analysts are convinced that the cycle is not over. Here are the reasons why analysts think that the Bitcoin bull market has not peaked yet. Bitcoin fundamentals remain strong Analytics firm Bitcoin Vector said that although Bitcoin’s momentum has slowed, multiple onchain metrics suggest that Bitcoin’s cycle is not over. “Momentum has cooled, but structure and fundamentals remain solid,” the firm said in a Tuesday post…

South Korea Urges Asset Managers to Limit Crypto Exposure

South Korea’s Financial Supervisory Service (FSS) advised local asset managers to avoid excessive exposure to crypto firms. According to a Wednesday report by The Korea Herald, the FSS verbally instructed local asset managers to limit exposure to crypto firms. The report cited Coinbase and Strategy stock as examples. The guidance was reportedly informal and advisory. The impact was also limited because passive exchange-traded funds (ETFs) operating in South Korea cannot easily remove specific stocks without changes approved by index providers. “Since we track the index directly, removing a stock without…

Internet Computer Slides Amid Broader Altcoin Pullback

Internet Computer (ICP) dropped 4.85% to $5.9149 on Tuesday, posting a low of $5.81 after peaking at $6.25 the previous day. Despite bullish headlines – a new partnership between Internet Computer developers DFINITY Foundation and indexing firm Maestro – the token succumbed to broad market rotation out of altcoins, including AI- and DeFi-linked assets. Read more: Solana Defies Market Drop, Touches $200 as Altcoins Retreat: Crypto Daybook Americas Maestro’s infrastructure, funded by DFINITY, aims to build a Bitcoin metaprotocol index on the Internet Computer, enabling institutional-grade access to Ordinals and…

Backed Finance’s Tokenized Stocks Product Volume Jumps to $300M

Demand for trading stocks on-chain is real. Switzerland-based Backed Finance’s tokenized U.S. equities product, xStocks, has seen a cumulative trading volume of over $300 million less than a month since going live on Bybit, Kraken, and Solana decentralized finance (DeFi) platforms. xStocks are 24/7 onchain tokens representing shares in publicly traded U.S. firms. Each token is fully backed 1:1 by the corresponding underlying stock held by a licensed custodian, allowing investors to take exposure to traditional assets while ensuring transparency and security. These tokens are issued by Backed Finance, which…

Mercurity Fintech Secures $200 Million for Solana Treasury

Mercurity Fintech (MFH) has secured a $200 million equity line from Solana Ventures to launch a comprehensive solana-based treasury initiative. Solana Ventures Backs Mercurity With $200 Million for SOL-Based Treasury Mercurity Fintech Holding Inc. (Nasdaq: MFH) has announced a strategic $200 million equity line of credit from Solana Ventures Ltd., marking a major step in […] Source CryptoX Portal

MEXC Debuts Stock Futures With Zero Fees

The launch of stock futures with zero fees and USDT settlement by MEXC gives global users streamlined access to U.S. equities without a traditional brokerage. The move signals a broader push toward the convergence of crypto and traditional finance (TradFi). MEXC Bridges TradFi and Crypto with Zero-Fee U.S. Stock Futures Offering Global crypto exchange MEXC […] Source CryptoX Portal