Hive Criticizes Norwegian Government Amid Concession Cuts to Miners

Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries. The release criticizes the government’s “unilateral” move to suspend the subsidy without consulting with representatives of…

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Sweden Braces For Migrant Caravan Of Norwegian Bitcoin Miners

Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt. ‘The Dirtiest Form of Cryptographic Output’ Up until this week, mining firms in Norway qualified for the same…

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Bitcoin Miners in Norway Face Tough Times as Government Scraps Electricity Subsidies

Bitcoin miners face tougher times ahead as the government scraps subsidized electricity for local cryptocurrency miners. This move comes amidst the dwindling price of virtual currencies which is already forcing some miners out of business. Hard Knocks for Bitcoin Miners in Norway According to reports in the local media, Bitcoin miners will no longer enjoy…

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Norway Steps Up Crypto Regulations for Crypto Service Providers

FINANSTILSYNET Finanstilsynet, the FSA of Norway is enforcing new AML regulations that will go into effect on October 15. However, companies have until January 15, 2019, to comply. This regulation will be applicable to all the branches of overseas companies. Finanstilsynet quotes, Finanstilsynet will ensure that virtual currency exchange and storage providers comply with the money…

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Northern Bitcoin Ag Lists on Munich Stock Exchange Mid-Tier Market

German bitcoin mining company, Northern Bitcoin AG, has migrated to a section of the Munich Stock Exchange that caters for medium-sized enterprises. The M:Access is regarded as a key market for companies seeking to improve transparency, accountability and to gain wider access to new money. Since April 2015, the company has been listed on the…

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A Mining Firm Receives Bomb Threat for Making Noise

A Norwegian mining firm received a bomb threat on 11th August 2018, which was explicitly related to the amount of noise being produced as a result of mining. If you have ever lived near a mining rig, you must be aware that it happens to be one heck of a hardware and if several machines…

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Norwegian Mining Company Receives Bomb Threat Escalating Noise Complaint

Kryptovault, a Norwegian company specializing in “large-scale cryptocurrency mining and data center operations,” has recently received a bomb threat amid escalating noise complaints pertaining to its virtual currency mining. Also Read: Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners Norwegian Cloud Mining Company Receives Bomb Threat Norwegian mining and data center company, Kryptovault, has reportedly…

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Norwegian Central Bank Developing Plans to Move to Cashless Society

The Central Bank of Norway, Norges bank, last week published a paper on Central Bank Digital Currencies (CBDCs) done by a working group as an eke out to cash in order to ensure confidence in money and the monetary system according to a working paper May 18. The paper states on the necessity for forming…

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Video Digest, May 15: Norwegian Bank Sued a Cryptocurrency Exchange, Top Countries that Banned Cryptocurrency, China to Establish Blockchain National Standards, Nvidia Has Revealed Its Profit from the Crypto Sales, Bloomberg Has Released a Benchmark Index

Coin Idol TV news channel broadcasts the most interesting news of the weekend. Today, we will cover the following topics: Norway’s largest bank has won a case against a local cryptocurrency exchange, top countries that have put restrictions on cryptocurrencies, China to establish blockchain national standards, Nvidia has revealed its total profit from the crypto…

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Norwegian Crypto Exchange Loses Case Against Nordea Bank For Closing Its Account

Norwegian cryptocurrency exchange Bitmynt AS has lost its case against Scandinavian financial services giant Nordea, local news E24 reports May 4. The ruling concludes a case, in which Bitmynt founder Sturle Sunde sued Nordea for closing the exchange’s account. Sturle Sunde first brought legal action against Nordea in December of last year, when Nordea closed…

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Norway gives Bitfury the Greenlight to build a $35M Bitcoin Mining Datacenter

As announced by the resource Norskecasino.casino, Bitfury Group is investing 274 million NOK ($35 million) in a brand new Bitcoin mining datacenter. The datacenter will be situated in Mo I Rana, a big town in Northern Norway. The Bitcoin industry giant projects that the datacenter will bring in investments and give employment to around 30…

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Bitfury Expands to Norway With $35 Million Bitcoin Data Center

Bitcoin mining giant and blockchain tech provider Bitfury is branching out to Norway. After meeting with government officials and partnering with local business leaders, the company is opening the doors of its new energy-efficient, data-mining center, in which executives have already invested $35 million. The center is stationed in the Mo Industrial Park in the…

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