Month: July 2024

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

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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

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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

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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

Bitcoin (BTC) Retakes 200-Day Average as ‘Trump Trades’ Back In Vogue After Weekend Attack

In recent months, Trump has reversed course and embraced crypto to outflank his rival, Joe Biden, and win over the supposedly single-issue crypto community, which is seeking a friendlier regulatory environment for the industry. As such, bitcoin and the broader crypto market have become bets on Trump’s victory. The former president is committed to speaking at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27. Source

Solana Price (SOL) Hits $150: Market Dips Look Tempting

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP Price Soars 20% Then Corrects: Is Another Rally on the Horizon?

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XRP price gained bullish momentum above the $0.50 resistance zone. The price is consolidating gains and might aim for another move above the $0.5450 resistance zone. XRP price gained over 20% in a few days and broke the $0.500 zone. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains if there is a close above the $0.540 resistance…