Why A Bitcoin Ban In The EU Is Likely… And Stupid
By Guglielmo Cecero and Raphael Schon

It wouldn't be amiss of Bitcoiners to think that the European Union (EU) could potentially ban Bitcoin due to its perceived environmental impact and reputation as a "dirty currency."

The European Commission's Markets in Crypto-Asset Regulation (MiCA) regulation, passed in April 2022, included provisions for cryptocurrency issuers to report on the energy consumption and carbon footprint of their assets, and for brokers and exchanges to inform customers about these figures when purchasing crypto assets.

Some members of the EU Parliament have previously attempted to push through a ban on Bitcoin mining and trading, and the issue has become increasingly politically charged, with left-wing factions generally supporting a ban and right-wing factions opposing it.

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The European Central Bank (ECB) has also regularly issued warnings about cryptocurrencies, citing their carbon footprint as a concern. Despite this, a complete ban on Bitcoin in the EU is unlikely to be possible due to the decentralized nature of Bitcoin and the difficulties of enforcing such a ban.

📈 MicroStrategy Sells, Stacks

MicroStrategy Adds 2,500 Bitcoin To Holdings Despite Tax-Loss Harvesting
By Namcios

MicroStrategy has increased its bitcoin holdings by 2,500 BTC, despite selling bitcoin for the first time in order to generate a net tax benefit.

The company bought 2,395 BTC for $42.8 million between November 1 and December 21, 2022, before selling 704 BTC at a loss on December 22 to offset previous capital gains.

MicroStrategy then bought back 810 BTC on December 24 at a higher price. The company's bitcoin holdings are now at 132,500 BTC, acquired for around $4.03 billion at an average price of $30,397 per bitcoin, resulting in an unrealized loss of over $1.8 billion.

📰 The Daily Bits

⚡️ Lightning And MicroStrategy

MicroStrategy To Launch Bitcoin Lightning Solutions In 2023: Saylor
By Namcios

MicroStrategy plans to release software applications and solutions powered by the Bitcoin Lightning Network in 2023.

The company's Bitcoin arm is focusing on ways to contribute to the ecosystem, including providing enterprises with tooling for the Bitcoin and Lightning ecosystem.

Possible uses for the Lightning services discussed by MicroStrategy include online content monetization, enterprise marketing, web paywalls and internal corporate controls.

The company plans to showcase its plans for the ecosystem at an upcoming Bitcoin event, which will features "Lightning for corporations" on the agenda.

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By @TheBitcoinConf

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