RoboFi Friday News Insights
This week’s news roundup is presented below.
Binance, SEC strike deal to keep US customer assets in country
Binance, the world’s largest cryptocurrency exchange, and Binance.US have agreed with the U.S. Securities and Exchange Commission to keep U.S. customer assets in the country until the resolution of an ongoing lawsuit. The agreement, pending court approval, grants access to these assets solely to Binance.US employees, preventing offshore movement. Read More.
Coinbase waged unusual legal defense ahead of SEC’s crypto crackdown
Coinbase (COIN.O), the largest cryptocurrency exchange in the United States, took a proactive approach months prior to becoming the primary focus of the U.S. government’s crackdown on digital assets. The company strategically enlisted prominent lawyers to influence court decisions in unrelated cases. Even before the U.S. Securities and Exchange Commission filed a lawsuit against Coinbase on June 6, the company had already involved itself in two other lawsuits related to cryptocurrencies, advocating for specific legal interpretations that have now become central to its own legal battle. Read More.
Bitcoin eyes third straight day of gains after touching two-month high
Bitcoin rallied for a third consecutive day, reaching its highest level since mid-April. BlackRock’s plan to launch a bitcoin ETF, despite regulatory scrutiny, contributed to the positive momentum. EDX Markets, a crypto exchange supported by Citadel Securities, Fidelity, and Schwab, also began operations, as reported by The Wall Street Journal. Read More.
Credit Agricole’s CACEIS registers in France as crypto custody services provider
CACEIS, the asset servicing business jointly owned by Credit Agricole (CAGR.PA) and Santander (SAN.MC), has obtained registration with France’s markets regulator, AMF, to offer custody services for digital assets, including cryptocurrencies. The company successfully registered as a digital asset service provider (DASP) on June 20, as stated on AMF’s website. This development adds a significant traditional financial services group to the expanding list of crypto companies registered under the supervision of the French watchdog. Read More
FTX sues ex-Clinton aide’s investment firm for $700 million
Bankrupt cryptocurrency exchange FTX has filed a lawsuit against a former aide to Hillary Clinton and the aide’s investment firm, aiming to recover $700 million in investments that were allegedly made using misappropriated FTX funds. FTX alleges that its founder, Sam Bankman-Fried, engaged in a scheme to misuse company assets for personal gain, referring to him as a “profligate patron” who lavishly provided cash to Michael Kives, his firm K5 Global, and K5 co-founder Bryan Baum. The complaint was filed in a bankruptcy court in Wilmington, Delaware. Read More
About RoboFi
RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
About VICS
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.
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