Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property. Crypto mining firm HIVE Blockchain Technologies sold one of its data centers in the Norwegian municipality of Narvik, which it previously held since 2018. In an announcement on Monday, HIVE said it had transferred…
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The Norwegian central bank aims to find a preferred CBDC solution through new technical tests. The Norwegian central bank, Norges Bank, is set to test various technical solutions for a central bank digital currency following years of research. Norges Bank officially announced Friday that it will be conducting CBDC tests over the next two years…
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Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack. Speaking at an event on Thursday, Ida Wolden Bache, deputy governor at Norway’s central bank, described a decline in cash payments while elaborating on Central Bank Digital Currencies, or CBDCs. “Only 4% of payments are now made…
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The crypto mining firm’s 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy. Crypto mining firm Bitfury has formed a partnership with a private equity firm allowing it to upgrade its existing $35 million blockchain infrastructure in Norway. According to a Nov. 2 announcement from the Luxembourg-based LIAN Group,…
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Craig Wright’s legal counsel has refuted claims from Hodlnaut on Twitter. Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut. In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged…
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Norwegian salmon producer Kvarøy Arctic has joined the IBM Food Trust to increase transparency and help prevent fraud in the seafood industry. The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry. Kvarøy Arctic is a…
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Survey says the amount of Europeans who believe crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020. Europeans are getting more confident about the future of the cryptocurrency industry amid the coronavirus pandemic, according to a new report. People in Europe are becoming more optimistic about…
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The Bitcoin codebase is to be preserved under the Arctic ice of Svalbard for 1,000 years as part of the GitHub Archive Program. A snapshot of the Bitcoin codebase will be encoded onto film reels and stored for a thousand years under the arctic ice in Svalbard, Norway. The move is part of the GitHub…
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Three national units of the Red Cross are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies. Three national units of the Red Cross — the largest humanitarian donor after the United Nations — are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies. According to a…
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