BITCOIN

At some point in July, there were as many as 350,000 Kenya-based residents who had subscribed and shown interest in receiving Worldcoin’s crypto token. According to a Kenyan legislator, Worldcoin executives are now expected to appear before a parliamentary committee on Sept. 4. Argentina’s Record Sign Ups A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the East African nation recently revealed that as many as 350,000 residents had shown interest in the project before its suspension by the government. According to the committee, Kenyan subscribers were accounting for a quarter of Worldcoin’s global total at some point in July. However, as noted in a report published by The Star, the total number of World ID sign-ups from across 34 different countries had topped 2.26 million by August. In addition, the organization suggested an Aug. 31 blog post that demand for the World ID has continued to grow. To prove this, Worldcoin has pointed to the recor

A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over the securities regulator. ‘Crypto Is Not an Industry Rife With Noncompliance’ U.S. Congressman Tom Emmer (R-MN) has once again slammed the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, for his aggressive stance on the crypto industry. On Saturday, the lawmaker highlighted on social media platform X that the securities regulator already lost legal battles involving Ripple Labs and subsequently Grayscale Investments . He detailed: We will see how pending litigation plays out, but it should be increasingly obvious to policymakers that, despite Gary Gensler’s mass marketing campaign, crypto is not an industry ‘rife with noncompliance.’ In July, District Judge Analisa Torr

Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just the last three months. Billions in Bitcoin Withdrawn from Centralized Exchanges Amid Rising Self-Custody Trend Centralized exchanges are holding significantly fewer bitcoins ( BTC ) than they did three years ago. Cryptoquant.com data reveals that on September 1, 2020, trading platforms had a reserve of 2.828 million BTC . Fast forward roughly three years, and that number has dwindled to 2.024 million, marking a decrease of 804,000 BTC . Although BTC holdings on exchanges have consistently decreased over these years, the FTX debacle triggered a substantial decline. Just before the firm declared bankruptcy in November 2022, exchanges had 2.511 million BTC , indicating a withdrawal of 487,000 BTC