Today (24-February-2014) at 06:49 UTC an earthquake swarm started on TFZ. Largest earthquake in this swarm had the magnitude of 3,0. No other earthquake has so far been larger.
It is possible to monitor for earthquakes here with 5 minute delay. The activity appears most clearly on Böðvarshólar and Bjarghús geophone stations. This appears to be an continued activity from the earthquake swarm that started back in October 2012. I am expecting more earthquakes in the area since I don’t expect this activity to be over yet. Quiet times between earthquake activity should be expected. For some unknown reason that is how this area behaves and it is not known why that is.