Tagged: iceland

Feeling the Heat: Bitcoin Mining Adversely Impacting Iceland Terrain, Environmentalists Say

Cheap hydroelectric and geothermal power, cooler temperatures and a relatively stable business environment have drawn droves of cryptocurrency mining firms to Iceland over the past few years. Abandoned industrial sites, fish factories, and even barns have been commandeered for the mining of Bitcoins and other… Read More

Mid-Size Chinese Cryptominers Weathering Risks to Access Cheap Power in Iran

In the wake of increasing Chinese state reticence towards a once supported industry, the biggest Chinese crypto mining firms have been steadily expanding or relocating to Canada, the US and Iceland, Chinese crypto news outlet 8BTC reports. But small and mid-size Chinese crypto miners have… Read More

Six Alleged Bitcoin Mining Equipment Thieves Convicted in Iceland

Seven men police believe conspired to rob multiple Bitcoin “mines” in Iceland have been convicted, and their leader sentenced to 4.5 years in prison, Icelandic news outlet DV reports. Starting in December 2017, and for several weeks thereafter, six men led by Sindri Thor Steffanson allegedly robbed… Read More

Iceland Fintech Startup Monerium Secures $2 Million Through Latest Seed Round to Issue E-Money On Blockchains

Iceland-based fintech startup Monerium announced on Friday it secured $2 million through its latest seed funding round led by the Nordic VC fund, Crowberry Capital, with the participation of NY-based blockchain software technology company, ConsenSys, and Hof Holdings. The funds from the round will be used to issue… Read More

Enterprising Iceland Crypto Miner is Recycling Mining Energy as Heat

A woman running small crypto mining operations in the southern Iceland district of Reykjanes is using the energy her machines consume to heat storage spaces she rents from local farmers, Wired reports. Krista Hannesdóttir, a math teacher by day, started crypto mining in a former… Read More

Charges Laid in Notorious Iceland Bitcoin-Mine Robbery Cases

Hold Up Robbery Crime Theft

Seven suspects have been charged with various crimes related to a series of high-profile equipment thefts from Bitcoin mines in Iceland last year, Modern Consensus reports. The thefts came to the attention of industry aficionados in December last year, but became widely reported internationally in… Read More

Dutch Fintech Five Degrees Announces Acquisition of Iceland-based Core Banking IT Systems Provider Libra

Five Degrees, a Netherlands-based fintech, announced on Thursday it has acquired Libra, a provider of core banking IT systems in the financial sector in Iceland. Five Degrees reported that the acquisition boosts its international growth ambitions, enabling the company to offer its full-service proposition of… Read More

Feature Film “BOKEH” Hits Kickstarter, Raises Over $10,000 During First Day

Director, writer, and producer Andrew Sullivan has launched a Kickstarter crowdfunding campaign on Tuesday (July 29th) to raise $30,000 for his new feature film BOKEH. Within hours of its debut on the crowdfunding giant’s platform, the project raised $10,390 from close to 125 backers. According… Read More

Crowdfunding Mailbox: Kahda Cool Stuff, Kúla Deeper 3D Images, Kapture Recording Wristband

This week we had tons of cool stuff come in.  I am still going through the pile of emails (and one real post card) from all the amazing crowdfunders from around the world.  I really love ready about incredible people coming up with unique ideas… Read More

Encrypted E-Mail Client Mailpile Fully Funded On Indiegogo

A small development team from Reykjavík, Iceland has raised over $100,000 on Indiegogo for Mailpile, an encrypted email client. Edward Snowden’s recent leaks were a wake-up call, confirming what many had long suspected, that the troves of e-mail stored on our behalf by Google, Microsoft and… Read More

Mailpile Crowdfunds to Create an Encrypted Mail Client

With all the revelations in the press about our friends at the NSA reading our email hosted on the likes of Google, Yahoo and Microsoft it is no surprise there is a growing rumbling about alternatives to these widely used platforms.  There have always been… Read More

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