What Is Behind Norway’s Booming Bitcoin And Crypto Interest?
In the fourth survey about crypto adoption ran in Norway by Arcane Research and Ernst & Young (EY) in 2018, they find that the industry is booming in the country with the levels of ownership that have doubled from 5% to 10%. Moreover, bitcoin miners seem to be attracted to several traits of the country. […]
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Norway’s Bitcoin mining credentials are impressive: The small European country hosts 0.77% of Bitcoin’s hash rate using 100% green, renewable energy. Bitcoin (BTC) mining in Norway is 100% renewable and “flourishing,” according to a report by Arcane Research. “A green oasis of renewable energy,” Norway contributes almost 1% to the global hash rate and is almost entirely powered by hydropower.Using data from the Cambridge Bitcoin Electricity Consumption Index and by mapping out the mining facilities, the report concludes that Norway contributes 0.77% to the Bitcoin total global hash rate.....
Real estate investments are booming in Spain and Europe, as investors are exiting riskier investment avenues in favor of safer options. According to sources from the real estate world, the interest in these instruments has grown 400% since November, with people purchasing homes without even having set foot in them. Some are even using crypto as a payment method.
Real Estate in, Crypto and Stocks out in Spain
The real estate market has been growing since last year in Spain and Europe, due to the rising inflation costs and war, which has changed the predictions some had about an....
Shortly after the newly founded Norges Bitcoinforening opened an account with Norway’s largest bank, the company received notification its account would be terminated. DNB ‘Cannot Be Confident’ in Bitcoin-Related Account. Norges Bitcoinforening (Norway Bitcoin Association), “an organization for everyone who cares about Bitcoin and other....
DNB, Norway’s largest bank, has dismissed Norges Bitcoinforening, a recently-formed, non-profit bitcoin association, over concerns about terrorist financing and money laundering, according to e24.no, a Norwegian news site. Norges Bitcoinforening has since decided to take its business elsewhere. The association opened a bank account in August to receive dues and donations which can be made in bitcoin. DNB advised the association within three weeks that they were no longer a customer. The notice said, “DNB can not be confident about the association’s money has no connection with money....
Pension funds, the most cautious of institutional investors, are now giving the booming crypto and blockchain sector a closer look. There are good reasons why pension funds should not invest in the crypto and blockchain space. The industry is too new, too volatile, and stultifyingly technical. Moreover, the rules and regulations to govern the sector have yet to be settled. But the fixed-income financial instruments that pension funds typically favor — like long-term government bonds — are scarcely paying anything these days, so the traditional caretakers of employees’ retirement funds have....