$BTC breaks 60k as #Russia Legalized #BTC☀ mining, are we looking for new ATH?
MOSCOW, Aug. 8 (Xinhua) -- Russian President Vladimir Putin signed a law on Thursday, officially legalizing cryptocurrency mining in the country from November 2024, according to a document published on the government portal of legal information.
Under the new law, legal entities and individual entrepreneurs that are registered with the Russian Ministry of Digital Development will be allowed to engage in cryptocurrency mining. Unregistered individuals can also engage in mining only if their energy consumption doesn't exceed limits set by the Russian government.
The law will also oblige miners to submit details about the digital currency they obtain to a government authorized body. The authorized body, together with the Russian Central Bank, will have the right to impose bans or restrictions on digital currency transactions to maintain Russia's financial stability.
"It is important for Russia not to miss the moment, set up the legal framework and regulation in a timely manner, develop infrastructure, and create conditions for the circulation of digital assets, both within the country and in relations with foreign partners," Putin noted.
US President Joe Biden expected to make major announcement about his re-election bid...
Media reports said that top leaders of the Democratic party, including former president Barack Obama, former House Speaker Nancy Pelosi, and Senate Majority Leader Chuck Schumer, have asked him to leave the presidential race.
Milwaukee: US President Joe Biden is expected to make a major announcement on his re-election bid, with several senior Democratic leaders suggesting that he leave the race following his disastrous debate performance, a failed assassination attempt on his rival Donald Trump, his poor health, and falling poll numbers, according to media reports.
Several people close to President Biden said on Thursday that they believe he has begun to accept the idea that he may not be able to win in November and may have to drop out of the race, bowing to the growing demands of many anxious members of his party.
Biden, 81, is spending time at his Delaware residence in isolation after he was tested positive for Covid-19. Media reports said that top leaders of the Democratic party, including former president Barack Obama, former House Speaker Nancy Pelosi, and Senate Majority Leader Chuck Schumer, have asked him to leave the presidential race, in the absence of which the party risks losing the White House, the Senate and the House of Representatives.
WazirX temporarily suspends crypto deposits and withdrawals after USD 230M hack
According to their post on X, it is believed that USD 234.9 million of funds in the Safe Multisig wallet were moved to a new address, with each transaction’s caller funded by Tornado Cash, a fully decentralized protocol for private transactions on Ethereum.
The suspicious address has already swapped $PEPE , $GALA , and USDT (Tether) to $ETH (Ether) and continues to swap other digital assets.
Following the incident, Vikram Subburaj, CEO of Giottus, said, People who have funds in WazirX, the best thing to do now is to stay calm and let the WazirX team figure out the issue. Just to reduce panic, note that your funds in Giottus are SAFE.
WazirX is popular among Indian traders and primarily targets the Indian market. It is among the few Financial Intelligence Unit (FIU)-registered exchanges in the country, allowing it to offer crypto exchange services to Indian citizens.
Joe Biden mocks Donald Trump and Elon Musk using his Covid-19 diagnosis: ‘I’m sick of…’
Joe Biden has tested positive for Covid-19, and he has now used his diagnosis to take a dig at Donald Trump and Elon Musk.
Biden then followed up with another post in the thread, which read, “of Elon Musk and his rich buddies trying to buy this election. And if you agree, pitch in here.” The second post included photos of Trump and Musk, and a link to a donation site for the Biden campaign
After Trump survived an assassination attempt, Musk took to X to endorse the former president. “I fully endorse President Trump and hope for his rapid recovery,” Musk wrote.
On the other hand, Musk has often attacked Biden on social media for his immigration policies and age. But he has expressed his support for Trump on various occasions.
Hey Crypto people ! The market might be slow right now. Here are 3 things you can do while waiting for the market.
Let's dive in! 🧵👇
1. Educate Yourself
Understanding the technology behind cryptocurrencies can give you a significant edge. Here are some ways to get started:
🟠 Learn About Blockchain:
Deep dive into how blockchain works and explore its various use cases. Knowing the technology can help you appreciate the potential of cryptocurrencies.
🟠 Stay Updated with Trends:
Read up on the latest trends like DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), and Web3. These innovations are shaping the future of finance and digital ownership.
🟠 Online Courses & Webinars:
Platforms like Coursera, Udemy, and YouTube have excellent courses on blockchain and crypto. Invest some time in these resources to expand your knowledge.
2. Explore Crypto Mining and Staking 💰
Mining and staking are great ways to stay engaged with the crypto space and even earn some rewards.
🟠 Crypto Mining:
If you have the right hardware, consider mining Bitcoin or other cryptocurrencies. Mining can be a fascinating way to understand the fundamentals of blockchain operations.
🟠 Staking:
For a less hardware-intensive option, look into staking. By staking your coins in Proof-of-Stake (PoS) networks, you can earn rewards for supporting the network.
Things to consider:
- Research which coins are most profitable to mine or stake. - Learn about the best practices for securing your mining rigs or staking setups. - Join communities and forums to share tips and get advice from experienced miners and stakers.
3. Build and Diversify Your Crypto Portfolio 📊
Use this time to review and possibly rebalance your crypto investments.
🟠 Analyze Your Portfolio:
Take a deep look at your current holdings. Are there coins that no longer align with your investment strategy? Consider reallocating funds to promising projects.