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Iceland and the Global Economic Crisis: The Viking Tiger, A Sacrificial Lamb ... - Center for Research on Globalization

Iceland and the Global Economic Crisis: The Viking Tiger, A Sacrificial Lamb ... - Center for Research on Globalization | money money money | Scoop.it

I was invited by the organisers of the 2014 Winter Symposium of the third research group of the Nordic Summer University (NSU), devoted to the concept of crisis, as an Icelandic citizen and scholar to offer a concise picture of the events in our country, which experienced in the year 2008 a much-televised economic crisis or kreppa, as it is called locally. In what follows, I provide two succinct and inevitably selective pictures: one small, another big.


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After Crisis, Iceland Holds a Tight Grip on Its Banks - New York Times

After Crisis, Iceland Holds a Tight Grip on Its Banks - New York Times | money money money | Scoop.it

The risk in Iceland's financial system has dissipated, but the basic businesses of banking have shrunk as well.

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The Bitcoin Mines of Iceland - New York Times

The Bitcoin Mines of Iceland - New York Times | money money money | Scoop.it

INTO THE BITCOIN MINES  |  On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the Bitcoin mines, Nathaniel Popper reports in DealBook. There, more than 100 whirring silver computers, each in a locked cabinet and each cooled by blasts of Arctic air, are the laborers of the virtual mines where Bitcoins are unearthed. The custom-built machines, running an open-source Bitcoin program, perform complex algorithms 24 hours a day, seeking to win a block of 25 new Bitcoins from the virtual currency’s decentralized network.

 
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Former Icelandic bank bosses jailed

Former Icelandic bank bosses jailed | money money money | Scoop.it
Four former bosses from the Icelandic bank Kaupthing are sentenced to prison in the heaviest sentences for financial fraud in Iceland's history.
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​Money from the gods: Iceland's auroracoin & a new kind of independence

​Money from the gods: Iceland's auroracoin & a new kind of independence | money money money | Scoop.it
Norse money-god Niord was famed for being able to give riches to anybody he wanted. In modern Iceland newly-minted money is falling from the digital heavens.
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Out of the Abyss: Looking for Lessons in Iceland's Recovery - SPIEGEL ONLINE

Out of the Abyss: Looking for Lessons in Iceland's Recovery - SPIEGEL ONLINE | money money money | Scoop.it
In 2008, Iceland experienced one of the most dramatic crashes any country had ever seen. Since then, its recovery has been just as impressive. Are there lessons to be learned? SPIEGEL went to the island nation to find out.
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Bitcoin Mining Is Becoming A Professional, Industrial, Nordic Enterprise

Bitcoin Mining Is Becoming A Professional, Industrial, Nordic Enterprise | money money money | Scoop.it
As the New York Times' Nathaniel Popper points out today, this professional cost-sharing arrangement now how Bitcoin mining gets done.
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