Iceland-born finance startup Meniga has closed an €8.5 million ($9.4m) funding round, as it researches additions to its current suite of digital banking solutions. The company, headquartered in London, has now raised…
After 2017’s “Cowboy” Crypto Era, Iceland’s Miners Look Forward to a Divested Future
Last December, as bitcoin reached its highest price, Advania, Iceland’s largest data center provider, struggled under the weight of demand from foreigners desperate to tap into the country’s unique, crypto-friendly metrics. “We…
The Top Three Most Lucrative Countries For Bitcoin Miners
This year has been topsy-turvy for Bitcoin – but which one isn’t? Since December its value has dropped from $13,860 to $9,244, leading many part-time investors to pull funds from Coinbase and…
Iceland’s ‘Big Bitcoin Heist’ Showed How Strong the Country’s Crypto Economy Really Is
It was a story that seemed like it was pulled straight from pulp fiction: a developer and smalltime criminal steals 600 Bitcoin mining units, and escapes on a plane alongside his country’s…
Meniga CEO Georg Ludviksson: “Banks Really Could Lose Their Number One Spot”
In 2008, just as the financial world was imploding, Georg Ludviksson took a job at Glitnir Bank in his home country, Iceland. On day three the bank failed. Ludviksson saw an opportunity.…
Iceland’s Startup Scene Punches Above its Weight
For Iceland, size is rarely an issue – just ask England’s overpaid soccer stars, who were roundly and embarrassingly beaten by Strákarnir Okkar (‘Our Boys’, the national team’s nickname) at this year’s European…