1 / 1 Relevant items tagged with #Norway

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Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

[Nov 16 6:30 AM] A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the…

Norway supports MiCA, considers CBDC for financial stability

[Nov 9 9:30 AM] Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.

An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village

[Oct 28 3:55 PM] Sazmining launches a bitcoin (BTC) mine in Norway that will heat a building, aiming to demonstrate sustainable mining benefits despite past regulatory concerns.

Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind

[Oct 24 8:30 AM] Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both…

Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills

[Sep 16 1:26 PM] The closure of a Bitcoin mining facility in the Norwegian town of Hadsel has led to a 20% increase in electricity bills for residents. The mine was shut down after the municipality declined to renew its permit due to noise complaints.Kryptovault…

Closure of Bitcoin Mining Center Causes Spike in Power Bills for Citizens in Norwegian Municipality

[Sep 15 7:56 AM] The recent closure of a Bitcoin data center in the Norwegian municipality of Hadsel has resulted in power hikes for citizens due to the inability to allocate the energy used by the operation to other purposes. While citizens and Hadsel’s…

Bitcoin falls under $60K as investors' global economic slowdown concerns rise

[Aug 14 6:40 PM] Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.

Norway Wants to Restrict Crypto Mining by Regulating Data Centers, Lawmakers Say: Report

[Apr 15 7:24 AM] Energy-intensive crypto mining is an example of a type of business not wanted in Norway, Minister for Energy Terje Aasland reportedly said.

Bitpanda crypto exchange gets license in Norway amid European expansion bid

[Oct 19, 2023 6:04 AM] Bitpanda already holds a license in Austria, Germany, France, Czechia and Sweden.

Renewable energy Bitcoin mining company powers up in Sweden

[Aug 21, 2023 6:59 AM] Bitcoin mining lands another green energy data center as global powerhouse GDA sets up shop in Sweden.

With Crumbling Economic Fundamentals, The Future Of Bitcoin Adoption In Norway Is Bright

[Jul 12, 2023 6:00 AM] This is an opinion editorial by Rune Østgård and Alexander Ellefsen, financial writers based in Norway.Although we don’t have exact numbers on Bitcoin adoption globally, we do know that the global average cryptocurrency adoption rate was estimated…

Honk if you love Bitcoin! Lightning takes the wheel of a European rally car adventure

[Jun 23, 2023 7:07 AM] With a comically loud horn, a candy machine and a jukebox filled with Mozart, metal and more, it's the "Bitcoin Ambassadors" rally car adventure.

Norway could go its own way on crypto asset regulation, central bank suggests

[May 25, 2023 2:00 PM] International regulation may be too slow and may represent interests that are not in line with Norway’s, Norges Bank suggests in an annual report.

Norway Should Consider a National Strategy for Crypto Regulation: Norges Bank Report

[May 25, 2023 9:01 AM] The bank says lawmakers should take advantage of existing regulations that cater to systemic risk and enforcement action for example, as well as stresses the need for crypto specific ones.

CBDCs could provide smooth cross-border payments, says Bank of Israel official

[Mar 15, 2023 8:20 AM] Yoav Soffer, the advisor to the deputy governor and CBDC project manager, spoke at Tel Aviv FinTech Week, explaining how a recent CBDC experiment proved efficient in cross-border transactions.

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

[Mar 8, 2023 2:30 AM] The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in…

At Northern Lightning 2023, Norway May Offer The Wildest Bitcoin Experience Yet

[Mar 6, 2023 9:42 AM] Norway is putting on a major Bitcoin conference with high-signal speakers, topped off with an otherworldly rave running on Lightning.This is an opinion editorial by Erik Dale, an organizer of the upcoming Northern Lightning Conference and host of a…

Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help

[Feb 18, 2023 12:30 AM] Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the…

Norwegian police recover $5.9M stolen from Axie Infinity Ronin hack

[Feb 16, 2023 11:45 AM] The seized funds will be used to reimburse affected users, and prevent it from funding North Korea's nuclear weapons program.

Going cashless: Norway's digital currency project raises privacy questions

[Jan 21, 2023 8:01 AM] At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.

Australian firm raises $28M to expand Bitcoin mining capabilities

[Nov 17, 2022 9:00 AM] The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market.