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Denver-based pastor Eli Regalado, the creator of INDXcoin and the Kingdom Wealth Exchange, faces securities fraud charges for allegedly defrauding investors of $3.4 million. Regalado, who runs the online-only church Victorious Grace Church, allegedly sold worthless INDXcoins, promising investors a miracle in very short order. The funds intended for charitable causes were allegedly diverted for personal use. In another development, the Bitcoin network achieved a record-breaking hash rate, surpassing 500 exahashes per second, signaling increased security and a thriving ecosystem. Additionally, BlackRock's iShares Bitcoin Trust leads in inflows among spot bitcoin exchange-traded funds after a week of trading, while Solana's stablecoin transfer volume hits a monthly high of over $300 billion.
Denver-based pastor Eli Regalado, the creator of INDXcoin and the Kingdom Wealth Exchange, faces securities fraud charges for allegedly defrauding investors of $3.4 million. Regalado, who runs the online-only church Victorious Grace Church, allegedly sold worthless INDXcoins, promising investors a miracle in very short order. The funds intended for charitable causes were allegedly diverted for personal use. In another development, the Bitcoin network achieved a record-breaking hash rate, surpassing 500 exahashes per second, signaling increased security and a thriving ecosystem. Additionally, BlackRock's iShares Bitcoin Trust leads in inflows among spot bitcoin exchange-traded funds after a week of trading, while Solana's stablecoin transfer volume hits a monthly high of over $300 billion. read more read less

3 months ago #bitcoin, #blackrock, #denver, #eliregalado