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At Northern Lightning 2023, Norway May Offer The Wildest Bitcoin Experience Yet

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Norway is putting on a major Bitcoin conference with high-signal speakers, topped off with an otherworldly rave running on Lightning.

This is an opinion editorial by Erik Dale, an organizer of the upcoming Northern Lightning Conference and host of a Scandinavian Bitcoin podcast.

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Scandinavia may not be the first region that comes to mind when you think of Bitcoin, but tiny Norway has become the “biggest bitcoin mining hub in Europe.”

With less than 0.07% of world population, the Norwegians churn out nearly 3% of Bitcoin’s global hash rate, mostly thanks to cheap, stranded and renewable hydropower in the north.  Read more...

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Norway Minister Proposes Scrapping Reduced Tax Policy For Minors

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Cryptocurrency mining surf a large quantity of electricity. And since the crypto industry saw widespread adoption in recent years, it scaled up mining activities likewise, which caused electricity shortages in some countries like Iran and Kosovo.

Similarly, the government of Norway, which is facing the same problems, now plans to remove its previously implied policy to charge crypto data centers with reduced taxes than other industries. The Finance minister of Norway, Trygve Slagsvold Vedum, suggested abolishing the scheme that typically affects Bitcoin mining farms operating within the state. 

Related Reading: Why The EU Will Sanction All Russian Crypto Transactions And Wallets  Read more...

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Norway: Tax on Crypto Mining Scares Away $11.7 Million Foreign Investment

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NTC Services AS revealed that a foreign investor had stopped an $ 11.70 million investment into a crypto mining facility which was going to be built in Norway’s Tydal municipality. The data center consultancy told E24 that the investor went cold feet after hearing about the Norwegian government’s decision to exempt crypto mining centers from electricity

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Norway Bitcoin Miners Eye Exodus to Sweden after Electricity Tax Hike

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The Norwegian government’s decision to scrap tax subsidy on the power conferred to bitcoin miners is prompting them to migrate offshore. According to Erik Svensson, who serves as the director to Boden Business Agency, a Sweden-based data center company, bitcoin miners from neighboring Norway region are interested in moving their data centers to Sweden. He confirmed being

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Norway Removes Tax Breaks for Bitcoin Mining, A ‘Disaster’ Says Bitcoin Company

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Norway, a country known for its green crypto mining outfits, has decided to roll back a tax structure which previously allowed cryptocurrency miners to be taxed on power consumption at the same rate as other industries which use a lot of energy, according to a local news outlet. A parliamentary representative named Lars Haltbrekken told … Continued

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Norway Bitcoin Investor Murder: Suspect Arrested in France

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Makaveli Lindén, the primary suspect in the gruesome murder of 24-year-old Norwegian bitcoin investor Heikki Bjørklund Paltto, is in police custody following a successful international manhunt. Swedish news outlet Aftonbladet reports that Oslo police have confirmed that Lindén, 20, has been captured more than a week after he allegedly stabbed Paltto to death in the

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Norway Bitcoin Investor Murder: Suspect on the Run, Wanted by Interpol

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The Oslo police department has released the name and photograph of the suspect that they believe is behind the grisly murder of Heikki Bjørklund Paltto, the 24-year-old cryptocurrency investor who was murdered last week shortly after completing a sizeable cash-for-bitcoin trade. According to Norwegian news outlet Verdens Gang, police have charged 20-year-old Swedish citizen Makaveli

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Norway Establishes New Rules for Crypto Service Providers

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Norway Establishes New Rules for Crypto Service Providers

The Financial Supervisory Authority of Norway is enforcing new money laundering regulations that apply to crypto exchange and storage providers in the country. The law will go into effect on Oct. 15 and will affect companies established in Norway including branches of overseas companies.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

New Rules Effective Oct. 15

Finanstilsynet, the Financial Supervisory Authority (FSA) of Norway, announced Thursday that the country’s Ministry of Finance has established new money laundering regulations which apply to “Norwegian providers of virtual currency exchange and storage services.”  Read more...

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Mining Like a Viking: How the Fjords of Norway Offer a Greener Alternative

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Mining Like a Viking: How the Fjords of Norway Offer a Greener Alternative

“Make sure to close the door behind you,” Mathis Schultz, the CEO of Northern Bitcoin, said to me in a near shout. As we entered the backside of the shipping container, partitioned for the ASIC miners’ exhaust, Schultz wanted to make sure the heat emitted wouldn’t mingle with the temperature-controlled front end of the shipping container.

The door opened, my senses, already ringing from the blaring of the ASICs’ mechanized grind, were ignited. Like stepping from one climate zone to the next, I was greeted by a wave of hot air, the collective, arid exhaust from the shipping container’s 210 Antminer S9s.  Read more...

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Norway: Crypto Miners See Millions in Profits, Tax Office Sends Reminder

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Tax authorities in Norway have urged diligence when reporting cryptocurrency profits after news emerged that two miners paid just 74,000 kronor ($ 8750) in tax on reported holdings of 34 BTC ($ 218,000).

Much Bitcoin, Little (Taxable) Wealth

As local news outlet Dagens Næringsliv reports August 20, Philip Eriksen and Roy Arne Olsen amassed the funds from a now-defunct mining operation over an extended period.

The pair first made known about their success in interviews with the local press in their home city of Tromso in late 2017, when the value of their holdings hit highs of around $ 680,000. “Having unrealized millions in cryptocurrency wealth in after two years is a fantastic feeling,” Olsen said at the time.  Read more...

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Bitcoin Mining Farm in Norway Receives Bomb Threat as Noise Complaints Mount

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It appears that the cryptocurrency revolution is not all that welcome in Norway, with a bitcoin mining facility in a remote part of the country receiving a bomb threat. According to the Vakdalposten newspaper, the mining company, which is called Kryptovault and operates in the cities of Follum, Honefuss, and Dale, received the bomb threats

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Bitfury Expands to Norway With $35 Million Bitcoin Data Center

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Bitfury Expands to Norway With $ 35 Million 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 town of Mo i Rana and is expected to create roughly 30 new jobs for local workers.

CEO Valery Vavilov explained that the country’s innovative spirit and “favorable tax code” made Norway a top pick for Bitfury’s future expansion:  Read more...

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Decentralized Exchange – As Fast As Possible – Chris Coney At Cryptofinance 2017 Oslo, Norway

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**On today’s episode of The Cryptoverse:**
Here is a recording of my talk on decentralized exchanges which I delivered at the CryptoFinance 2017 conference in Oslo, Norway hosted by Bitgate.

Learn how to make money with Bitcoin and cryptocurrencies at:
https://www.cryptoversity.com

**Request a video topic here**
https://goo.gl/forms/vcOaFAeIFVtj6NWw2

**Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Patron:**

Enroll v3

**Tip Me With Crypto:**
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**My Social Channels**
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Norway Could Become Cashless By 2020 – Valhalla For Cryptocurrency?

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A few days ago, I read one of the most intriguing finance-related articles I have seen in a while. Norway, a country in northern Europe, is looking to completely remove the ability to pay with cash , anywhere in the country. Could this be a golden opportunity for cryptocurrency?

As the article states, only 5% of Norway’s daily transactions are paid in cash. Other payment methods, such as bank cards and credit cards , dominate the financial transaction landscape. Five percent is next to nothing to be honest. Here in Belgium, I think it’s about fifty-fifty between cash and cashless transactions on a daily basis.  Read more...

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