Norwegian Block Exchange (NBX) Becomes Norway’s First Publicly Listed Bitcoin Treasury Company
Norwegian Block Exchange (NBX) has announced the establishment of a bitcoin treasury strategy, becoming Norway’s first publicly listed bitcoin treasury company. As part of this initiative, NBX has acquired six bitcoins, with plans to expand its holdings to approximately 10 BTC by the end of June. This strategy aims to enhance core operations and create […]
Norway Indirectly Holds 3,821 BTC, According to K33 Research
The country’s giant sovereign wealth fund holds over $500 million in Microstrategy shares and similar stakes in other bitcoin-focused companies such as Coinbase. Norwegian Pension Fund Increases Its Bitcoin Exposure by 153% The $1.8 trillion Norwegian Government Pension Fund Global (GPFG) increased its indirect bitcoin (BTC) exposure by 153% in 2024, according to crypto research […]
Norway supports MiCA, considers CBDC for financial stability
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.This post was originally published on this site
Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
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 retail and wholesale CBDC options, emphasizing complex issues and the need for collaboration with other […]
Closure of Bitcoin Mining Center Causes Spike in Power Bills for Citizens in Norwegian Municipality
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 mayor celebrated this development because of the noise emitted by the site, they now face […]
Bitcoin falls under $60K as investors' global economic slowdown concerns rise
Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.This post was originally published on this site
Renewable energy Bitcoin mining company powers up in Sweden
Bitcoin mining lands another green energy data center as global powerhouse GDA sets up shop in Sweden.This post was originally published on this site
Honk if you love Bitcoin! Lightning takes the wheel of a European rally car adventure
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.This post was originally published on this site
CBDCs could provide smooth cross-border payments, says Bank of Israel official
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.This post was originally published on this site
BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model
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 cross-border payments. The experiment was designed to test “the technical feasibility of conducting cross-border – cross-currency transactions between different [distrubuted ledger technology]-based CBDC […]