Swedish crypto exchange QuickBit has confirmed the data leak of 300,000 records that have been left exposed to the public by a contractor of the company during a security update. QuickBit – that is listed on the NGM Nordic MTF stock market – has seen its MongoDB database released to the public without the need of any authentication. Criminals can use leaked records for identity theft The data...
Swedes on Monday woke up to the news that the Twitter account of the country’s largest political party and the party currently holding the premiership, the Social Democrats, had been taken over by a hacker who used the short-lived opportunity to publish fake bitcoin news, according to Sveriges Television AB. Among other things the hijacked Twitter account declared that bitcoin had become Sweden’s...
By CCN.com: Linus Dunker, a Swedish crypto trader, was shocked to receive a bill for almost $1 million from the Swedish Tax Agency, claiming that the tax demand is "unreasonable." The case is one of a growing number of cryptocurrency-related cases being taken up by the agency, with several bitcoin traders receiving tax bills for millions of Swedish kronor since last year. The STA has increasingly...
Sweden’s reserve bank has warned that the individuals and firms purporting to sell the electronic version of the national currency, the e-krona, are fraudsters as the digital currency project ‘has not been concluded’. According to Riksbank, ‘no decision has been taken on issuing e-kronas’ and therefore claims to the contrary were false. Riksbank pointed out that the scam was being perpetrated...
German investment firm Xolaris has launched a European private-equity fund focused on bitcoin mining. Xolaris expects to raise $34 million to $57 million for the four-year project, the company announced in a press release. "Professional investors kept asking us to create a regulated product in the area of cryptocurrencies," said Stefan Klaile, the CEO of Xolaris. The fund has a minimum...
Half of Sweden’s retailers predict that the country will stop accepting cash by the end of 2025, the New York Times reported. Sveriges Riksbank, the central bank of the country, is already testing a digital currency called the e-krona. Could the declining usage of cash in Sweden lead to a potent market for crypto? Preparing For a Cashless Society Commercial banks, businesses, and individuals in...
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 contacted by many of...
A Swedish man has been found guilty of attempted murder after sending a mail bomb to a bitcoin firm based in London. According to detectives from London’s Metropolitan Police Service, 43-year old Jermu Michael Salonen sent the mail bomb following a refusal by Hackney-based Cryptopay to change his password. As initially reported by the City A.M., Salonen had emailed the firm last year in August...