First Mover Americas: Bitcoin Price Edges Lower, Tron Rallies

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First Mover Americas: Bitcoin Price Edges Lower, Tron Rallies
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Bitcoin trades slightly lower on Monday and Tron's $TRX token rallies on rumours that Tron could become legal tender in Hong Kong next month. LedesmaLyllah reports

Huobi Global to stop operations in the country – including disabling its website and mobile applications – because it is operating a digital asset exchange without registration.

The regulator told the company to cease circulating, publishing or sending advertisements to Malaysian investors, . Operating a digital asset exchange without obtaining registration from the Securities Commission as a Recognised Market Operator is an offense under the Capital Markets and Services Act.The chart shows daily changes in bitcoin supply controlled by wallets holding coins for at least a year and the cryptocurrency's price since June 2022.

The balance held by the so-called long-term investors is fast approaching a record high of 13.2 million BTC. Per blockchain data firm IntoTheBlock, the continued accumulation reflects unwavering conviction in the cryptocurrency's prospects.

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