Bitcoin miner Northern Data to issue 10.7m new shares to boost cloud platform expansion

European Bitcoin mining company Northern Data AG has announced plans to raise €214 million through a 20% capital increase, issuing 10.7 million new shares. German Bitcoin (BTC) mining company Northern Data AG is set to bolster its operations through a significant capital increase, which is expected to boost its financial reserves by approximately €214 million. In a Jul. 15 press release, the Frankfurt-headquartered company said that it plans to issue 10,699,446 new bearer shares, amounting to 20% of its current share capital, a move that is expected to fuel the…

Bitcoin Price Surges Past $63,000: The Key Reasons

After a decline to $53,600 last Friday, the Bitcoin price experienced a major recovery over the weekend, exceeding the $63,000 threshold today. This marks a massive 17% increase since last Friday, reaching this level for the first time in two weeks. The rally can be attributed to several factors that collectively propelled the premier’s cryptocurrency’s price upward. #1 The “Trump Bitcoin Pump” The resurgence in the Bitcoin price coincided with the attempted assassination of former President and 2024 presidential hopeful Donald Trump. The incident significantly impacted his odds in the…

Lazarus Group allegedly moves stolen funds from $308m DMM Bitcoin hack

Hackers involved in the $308 million heist from the cryptocurrency exchange DMM Bitcoin in May have so far laundered over $35 million through an online marketplace in Cambodia this month, according to blockchain investigator ZachXBT. ZachXBT reports that the funds were moved to Huione Guarantee, which operates in Cambodia and is allegedly connected to the country’s ruling Hun family, according to a July 10 post by blockchain forensics firm Elliptic. 1/4 So far in July 2024 more than $35M from the $305M DMM Bitcoin hack has been laundered to the…

Australian court convicts BitConnect promoter of unlicensed financial advice

Australian court convicts John Bigatton, BitConnect promoter, of providing unlicensed financial advice between 2017 and 2018. Aussie John Louis Anthony Bigatton, the national promoter of the BitConnect Ponzi scheme, has been convicted by the Sydney District Court of providing unlicensed financial advice, the Australian Securities & Investments Commission (ASIC) said on Monday. In the Jul. 15 press release, the regulator said that Bigatton was released on a “recognisance to be of good behaviour for three years” after promoting BitConnect in Australia “in seminars and on social media” between late 2017…

Information Commissioner calls for water companies to be crystal clear with public over sewage pollution

Water companies must put transparency first if they want to rebuild public trust, we have warned. John Edwards spoke out following ongoing public concern about sewage discharges and the lack of information made readily available to the public. We have today written to 12 water companies, calling on them to be as transparent as possible with their customers. The letter encourages water companies to proactively disclose information relating to sewage discharges on a monthly basis. This will provide more efficient and timely details to the public, as well as being…

Guernsey Post to Launch Limited Edition Crypto Stamps

Guernsey Post, the postal service for the island of Guernsey in the Channel Islands, is set to become the first postal operator in the British Isles to introduce crypto stamps, merging traditional stamp collecting with digital non-fungible tokens (NFTs). Launching later this month, these limited-edition, non-postage crypto stamps will feature the Golden Guernsey Goats, Billy […] Source CryptoX Portal