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RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

Bitcoin miners sell their holdings amid crypto winter’s chill

As a result of a decline in prices, rising energy costs, and more competition, Bitcoin miners have been compelled to dig into their bitcoin reserves. Since June 7, researchers at MacroHive have observed that the quantity of coins miners send to crypto exchanges has been continuously increasing, indicating that “miners have been increasingly liquidating their coins on exchanges.”

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Four digital investigators believe the plunge in cryptocurrency markets has wiped out millions of dollars stolen by North Korean hackers, endangering a crucial source of money for the sanctions-hit country’s weapons programs. North Korea has put resources into stealing cryptocurrencies in recent years, making it a strong hacking threat and resulting to one of the greatest cryptocurrency heists on record in March.

Singapore regulator rebukes crypto fund Three Arrows Capital

Three Arrows Capital has been accused by Singapore’s finance authority of breaching its asset threshold and supplying incorrect information. Three Arrows (3AC) is being liquidated, Reuters reported on Wednesday, citing a source with knowledge of the situation. Three Arrows is one of the most prominent investors affected by the steep sell-off in crypto markets.

Bitcoin falls below $19,000, further shaking crypto markets

Bitcoin fell 6.1 percent to $18,866.77 at 04:04 GMT on Thursday, bringing the largest and most popular cryptocurrency down $1,226.41 from its previous close and down 60.9 percent from its all-time high of $48,234 on March 28. Several major cryptocurrency market participants have had difficulties, and further dips could compel other crypto investors to liquidate their holdings to fulfill margin calls and pay losses.

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.

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