The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers intervened and removed this illegal connection, estimating that it…
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Denver pastor Eli Regalado, who is currently facing a lawsuit filed by Colorado’s securities commission for allegedly defrauding investors through the sale of the valueless INDXcoin cryptocurrency, has released a video responding to the allegations. In the video, Regalado admits that investors are unable to cash out their funds and explains the challenges they have…
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Colorado-based pastor Eligio “Eli” Regalado and his wife, Kaitlyn, are facing legal action after allegedly defrauding investors of millions of dollars through the sale of an unregistered crypto token, called INDXcoin. The token was marketed to devout Christians as a “God-backed” digital asset. The couple reportedly raised around $3.2 million through sales of the token,…
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Crypto donations platform Engiven’s page for the archdiocese includes the option to send funds anonymously using many tokens, from Ether to 0x. The archdiocese of Washington, D.C. of the Roman Catholic Church will begin accepting donations in cryptocurrency as part of an effort to grow its ministries. In a Tuesday announcement, crypto platform Engiven said…
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A church spokesperson said it was also unlikely the church would release its own digital currency. With roughly 100 million members, the church representing the dominant religion in Russia has no plans to accept cryptocurrency donations or offerings. According to a Q&A streamed on YouTube by Jesus Portal, the chairman of the Department for External…
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