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Crypto Tidbits: SEC Declares Bitcoin a Non-Security, Ethereum DeFi Gains Traction, PayPa…

05 Oct Crypto Tidbits: SEC Declares Bitcoin a Non-Security, Ethereum DeFi Gains Traction, PayPa…

Posted at 18:20h in Bitcoin News by

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Another week, another of Crypto Tidbits. After last week’s collapse, Bitcoin (BTC) took some time to settle, finding itself trading in the low-$8,000s for an extended period of time. Analysts are currently divided over what this consolidation means for the cryptocurrency market’s short-term future, with some even arguing that this is a precursor to another bear market — Crypto Winter 2: Electric Boogaloo, so to speak.

Regardless, the underlying industry still saw a number of positive developments over the past seven days. They include the U.S. Securities and Exchange Commission (SEC) declaring Bitcoin a non-security, growth in the ecosystem of altcoins, and Bakkt’s completion of a physically-settled block trade.

Related Reading: Crypto Tidbits: Venezuela Owns Bitcoin, SoFi Adds Cryptocurrency Trading, Libra Launch Unclear

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