Yesterday (31-July-2013) a earthquake swarm started in TFZ, the south end of it, not far from a village named Kópasker. This earthquake swarm was small most of yesterday, but after midnight this earthquake swarm started to pick up in activity and magnitude of earthquakes. Around 07:09 UTC this morning (1-August-2013) a magnitude 3.7 earthquake took place, this earthquake was felt in Kópasker along with few magnitude 3.0 earthquake that took place after it. The epicenter of this earthquake swarm is out in the ocean, so no population is any major danger if this earthquake swarm continues as is.
This earthquake swarm is currently ongoing and there are no signs that is going to end soon, current activity is not continuous, it drops regularly and then it resumes again. It is impossible to know for sure how long this earthquake swarm is going to continue. The largest earthquakes appear clearly on my geophone and can be seen here.
Blog post updated at 18:11 UTC on 01-August-2013.