7 SPACs to Play the Rise of Bitcoin, Crypto Stocks
Here is a look at some special purpose acquisition companies that could target cryptocurrency firms or have already announced a deal in the space.
Bitcoin Breaches $41,000 Mark in Unfazed Rally
Even as Bitcoin hits new all-time highs, investors with large amounts of the cryptocurrency are continuing to hold on to the asset.
Square CEO Opposes FinCEN’s Proposed Crypto Rules
Jack Dorsey says the new rules will drive cryptocurrency users to use unregulated third-party wallets, including ones hosted outside the United States.
As Bitcoin Shoots Past $22K, Some Analysts Can See It Reaching $30K
“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.”
MicroStrategy to Raise $550M In Debt to Fund Purchase of More Bitcoin
The 0.75% convertible senior notes would be sold in a private offering to qualified institutional buyers.
Bitcoin Spikes Above $15,000
"The market is thin and manipulated, and every price change is fully explained by internal market issues."
PayPal to Allow Cryptocurrencies
Customers will be able to buy, sell, and hold virtual coins, including bitcoin, using the company’s online wallets.
FASB to Take Up Digital Currencies Question
Current GAAP accounting prohibits a business from showing the true value of its crypto assets, say critics.
Cybersecurity Tycoon Accused of Touting ICOs
The SEC says John McAfee promoted initial coin offerings without disclosing that issuers paid him more than $23 million for his promotions.
U.S. Busts Terror Groups’ Crypto Campaigns
Agents used blockchain analysis techniques to pierce the anonymity of bitcoin and Ether transactions related to Hamas and Al Qaeda.
Major Twitter Accounts Hacked for Bitcoin Scam
Twitter says "a coordinated social engineering attack ... successfully targeted some of our employees with access to internal systems and tools.”