The state of crypto in Northern Europe: Hostile Scandinavia and vibrant Baltics
The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter. Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the data on each and every member country from Portugal to Slovakia. As the original report counts more than 200 pages,....
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The ASIC prepares to put crypto and DeFi firmly in its sights, while Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling. Australia’s financial regulator, the Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of anti-crypto sentiments, such an announcement could be perceived as....
Northern Data, a multinational company seeking to bring radical change through unprecedented innovation and ideas in high-performance computing (HPC), is rapidly advancing its expansion efforts. In a recent press release, the Germany-based corporation has announced an upcoming partnership with the State of Oklahoma in its latest endeavor. Northern Data and Oklahoma will leverage their collaboration […]
According to a recent Chainalysis report, Central, Northern, and Western Europe (CNWE) have become the biggest crypto economy in the world. Over the last year, the region has received over $1 trillion worth of cryptocurrency, and this amount represents 25% of all global activity. CNWE ranked second in last year’s survey. However, the tremendous growth that […]
Northern Data’s revenue has hit the 180-220 million Euros mark this year, according to their 2021 YTD disclosure. The firm’s Chief Executive Officer (CEO), Aroosh Thillainathan, expressed his firm’s pleasure at providing the update, which comes after a period of uncertainty around Northern Data’s annual report. The report is Northern Data’s first since acquiring Decentric […]
Which nations are the new harbors of miners, and where can Ether and Bitcoin be successfully — and profitably — mined in 2022? One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September. While mining as a type of financial activity has not gone away and is unlikely to disappear, Chinese cryptocurrency miners had to look for a new place to set up shop. Many of them moved to the United States — the world’s new mining mecca — while some left to Scandinavia and others to nearby Kazakhstan,....