Daily digest market movers: Bitcoin struggles around $58,000 as on-chain data shows negative bias
- As reported by news agency TASS, Russian President Vladimir Putin has officially signed a law legalizing cryptocurrency mining in Russia. The new legislation introduces key concepts such as digital currency mining, mining pools, and mining infrastructure operators. It reclassifies mining activities as part of turnover rather than digital currency issuance.
- During a recent government meeting, President Putin emphasized the importance of "seizing the moment" to establish a legal framework for digital currencies, highlighting their potential to boost Russia's economic development and the necessity for proper regulation and infrastructure.
- According to the cybersecurity group VE Sin Filtro on Friday, Venezuela recently blocked access to the crypto exchange Binance and other online platforms amid nationwide protests over the country's disputed election results, a situation confirmed by Binance's official Latin America account on X on Saturday. However, there has been no announcement from the Venezuelan government regarding this action or any indication of when it might be resolved
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