European Union Will Force Cryptocurrency Companies to Report European Users’ Holdings to Authorities
European Union (EU) body says it’s still working on how to enforce the measures on wallet providers or exchanges based outside the bloc
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Craig Wright Gets Suspended 1 Year Sentence in UK for Continuing to Sue Bitcoin Developers
Craig Wright was sentenced to one year in prison by a UK judge for contempt of court. The sentence is suspended for two years, meaning he will only serve time if he reoffends during that period.
Human Rights Foundation Grants 7 BTC to 20 Bitcoin Projects
The Human Rights Foundation (HRF) announced Bitcoin Development Fund grants totaling 7 BTC to 20 global projects.
Chinese Car Company Cango Buys 32 EH/s from Bitmain, Mines 393 BTC in November
Cango, a Shanghai-based NYSE-listed car dealership platform, invested $256 million to acquire 32 EH/s of Bitmain hashrate, shifting to Bitcoin mining and retaining 393 BTC it produced in November.
El Salvador to Scale Back Bitcoin Policies for $1.4 Billion IMF Loan Deal
El Salvador finalized a four-year $1.4bn IMF deal strained by its Bitcoin adoption. It makes bitcoin use voluntary for the private sector, limits public sector bitcoin activities, and phases out government involvement in the Chivo wallet. It may also unlock extra $3.5bn in development bank funds.