Norway Financial News

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Temenos has moved to prove its readiness to help banks, ensuring integration of its platform with multiple DLT-based technology stacks, successfully executing end-to-end retail CBDC use cases for commercial bank touch points. This includes central bank token issuance to commercial bank wallets, customer non-custodial wallet creation, CBDC conversion through orchestration of deposit account updates with on-chain transactions, and providing wallet access points for user-to-user transfers on-chain.First, it has worked with R3, which has seen its Corda private, permissioned distributed application platform tapped for a number of central bank and BIS CBDC projects globally.Secondly, Temenos used Hyperledger Besu, an opensource Ethereum client, run as a multi-node private, permissioned network, combined with a modified version of the Norgesbank CBDC sandbox, published by the Norwegian central bank.

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Gaming has become one of the most prolific industries impacted by blockchain technology. From in-game transactions to nonfungible tokens (NFTs), the gaming space has taken full advantage of blockchain development. Accounting for almost half of the blockchain activity in early 2023, blockchain gaming is the market’s leading Web3 transformation.

Sweden's central bank Riksbank has released a report detailing the third phase of its central bank digital currency (CBDC) research. A collaborative model for retail payments and conditional payments is the focus this time.

Most individuals return their investment amount within 3-10 days on HappyMiner.

The electric vehicle (EV) charging industry has been inundated with intriguing news this week, with the U.S. government initiating a plan to spend billions of dollars on building public EV charging stations across the country. 

At Tel Aviv FinTech Week 2023, Yoav Soffer, the advisor to the deputy governor at the Bank of Israel, touched on the topic of central bank digital currencies (CBDCs) as an efficient cross-border payment option.

Central bank digital currency (CBDC) is an exciting area of development from many central banks across the world, particularly in the Nordics. Some countries within the Nordics have taken the lead on these developments, while others remain more sceptical over how the benefits outweigh the risks.

The Bank for International Settlements (BIS) has completed a pilot study of the use of central bank digital currencies (CBDCs) for cross-border payments in collaboration with central banks in Norway, Sweden, and Israel.

The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central banks of Israel, Norway and Sweden.

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Central bank digital currency (CBDC) is an exciting area of development from many central banks across the world, particularly in the Nordics. Some countries within the Nordics have taken the lead on these developments, while others remain more sceptical over how the benefits outweigh the risks.

On 21 February, Bitcoin [BTC] mining researcher Jaran Mellerud published a report on the state of Bitcoin mining in Iceland. He noted that the European country is the world’s largest hash rate producer per capita.

According to a press release published on Feb. 16 by Norway's National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), authorities have seized 60 million Norwegian Kroner ($5.85 million) in stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack last March. According to senior public prosecutor Bender, 

Norway has seized a record $5.8 million worth of cryptocurrency that was stolen by North Korean hackers last year, Norwegian police said in a statement on Thursday.

The crypto exchanges Binance and Huobi have frozen “North Korea-linked” wallets containing “approximately $1.4 million in cryptoassets.”

The European Commission announced the launch of the European Blockchain Regulatory Sandbox on Feb. 15. The sandbox will provide a space for regulatory dialog for 20 projects per year through 2026.