RoboFi News Review: Top Crypto News Insights
This week’s news roundup is presented below.
Nigeria regulator says local Binance operations ‘illegal’
Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to cease operations in the country, citing the illegality of a local unit that courted Nigerian investors via a website. “Binance Nigeria Limited is hereby directed to immediately cease all forms of solicitation of Nigerian investors,” the Securities and Exchange Commission (SEC) said in a statement dated June 9. It stated that the company was not registered or regulated, which made it illegal. Read More.
Cryptoverse: Security alert! Altcoins worth $100 billion dropped in hot water
A slew of altcoins — a catch-all term for most cryptocurrencies other than bitcoin and ether — have been harpooned in lawsuits filed by US regulators last week against exchanges Binance and Coinbase (COIN.O), hammering the tokens’ prices. It’s quite large. According to CCData, the SEC now considers over 50 cryptocurrencies worth more than $100 billion and accounting for roughly 10% of the overall market to be securities. Read More.
Estonian police investigate crypto hack blamed on North Korea
According to a police spokesperson, Estonian authorities are investigating the theft of cryptocurrency from users of the country’s Atomic Wallet service.
More than $100 million in digital assets were stolen from thousands of Atomic Wallet users by a gang of allegedly North Korean hackers known as “Lazarus,” according to cryptocurrency analytics firm Elliptic. Read More.
OKX crypto exchange seeks Dubai regulation with eye on Middle East expansion
OKX, one of the world’s largest cryptocurrency exchanges, is seeking regulatory approval to operate in Dubai as part of its plans to expand the company’s Middle East operations, according to an executive who spoke to Reuters on Thursday.
OKX Global Head of Government Relations Tim Byun stated that regulation is an industry trend. “We would like to get ahead of that curve and be regulated in a sound manner,” he said. Read More
Bankman-Fried to get second trial on bank fraud, bribery counts
A US judge granted prosecutors’ request on Thursday to try some of their charges against Sam Bankman-Fried in a separate trial next year, separate from his scheduled Oct. 2 trial over the collapse of now-bankrupt cryptocurrency exchange FTX. Bankman-Fried, 31, will be tried on March 11, 2024, on five counts, including bank fraud and bribing Chinese officials, brought by federal prosecutors in Manhattan after he was extradited from the Bahamas in December, according to a written order from U.S. District Judge Lewis Kaplan. FTX was headquartered in the Caribbean country. 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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