Bitcoin’s Long-Term Holders Strengthen Their Grip on Supply
In the realm of cryptocurrencies, Bitcoin’s (BTC) long-term holders are continuing their steadfast accumulation of the digital asset, as indicated by fresh data from Glassnode. This trend has propelled the quantity of Bitcoin held by these unwavering supporters to an all-time high, signifying the enduring confidence in the flagship cryptocurrency.
Kenyan Lawmakers Seek Regulatory Framework for Cryptocurrency
Kenyan legislators have taken a proactive stance in the cryptocurrency domain, reaching out to the local Blockchain Association with a significant request. They have urged the association to collaborate in devising a comprehensive regulatory framework that will serve as the bedrock for future cryptocurrency-related legislation in the country. This initiative reflects a growing recognition of the importance of creating a structured and secure environment for cryptocurrency activities.
Proposal to Slash SEC Chairman’s Salary to $1 Gains Traction
In an intriguing turn of events, a proposal to reduce the salary of U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to a symbolic $1 has been put forth by lawmakers. This proposition has sparked debate and stirred discussions in the financial and regulatory sectors. It will be fascinating to observe how this proposal progresses and its potential implications for the SEC’s leadership.
Binance Witnesses Sharp Decline in Spot Trading Volume
Binance, one of the prominent players in the cryptocurrency exchange arena, has experienced a significant downturn in its spot trading volume. The exact reasons for this decline remain to be elucidated, but it underscores the dynamic nature of the crypto market and the swift shifts in trading activity that can occur.
