Bitcoin (BTC) fell below $20,000 after the SEC rejected Grayscale’s application to turn its Bitcoin trust into a spot Bitcoin ETF. BTC was trading at $18,934 at its lowest following the news but has since marked a small recovery and was trading at $19,047 as of press time, according to CryptoSlate data. Source: TradingView SEC rejects Grayscale and…
A San-Francisco-based crypto index fund manager, Bitwise, has released a report showing its perspective of the burgeoning decentralized finance (DeFi) sector saying it could have an Amazon-like effect on the traditional financial system. In the report titled “Decentralized Finance (DeFi): A Primer for Professional Investors,” the crypto index manager noted that despite the significant changes…