Even as Bitcoin hits new all-time highs, investors with large amounts of the cryptocurrency are continuing to hold on to the asset.
Jack Dorsey says the new rules will drive cryptocurrency users to use unregulated third-party wallets, including ones hosted outside the United States.
“Settle in, because we will be visiting the $20-$22K level at least half a dozen times before we break through to the $30K range later in 2021.”
The 0.75% convertible senior notes would be sold in a private offering to qualified institutional buyers.
"The market is thin and manipulated, and every price change is fully explained by internal market issues."
Customers will be able to buy, sell, and hold virtual coins, including bitcoin, using the company’s online wallets.
Current GAAP accounting prohibits a business from showing the true value of its crypto assets, say critics.
The SEC says John McAfee promoted initial coin offerings without disclosing that issuers paid him more than $23 million for his promotions.
Agents used blockchain analysis techniques to pierce the anonymity of bitcoin and Ether transactions related to Hamas and Al Qaeda.
Twitter says "a coordinated social engineering attack ... successfully targeted some of our employees with access to internal systems and tools.”
Grayscale offers its services as an asset manager to accredited investors seeking to invest money in bitcoin as a security.
These events and developments will shape the digital asset market next year.
