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RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions

Blockchain data show that the crypto giant Binance has processed Iranian transactions worth $8 billion since 2018. This is in spite of U.S. sanctions that were meant to cut Iran off from the global financial system. A major U.S. blockchain researcher, Chainalysis, looked at the data and found that almost all of the money, about $7.8 billion, moved between Binance and Nobitex, Iran’s largest cryptocurrency exchange.

U.S. securities regulators win case against crypto company LBRY

A U.S. judge sided with the U.S. Securities and Exchange Commission in its action against blockchain-based publishing company LBRY Inc, finding that LBRY Inc. sold its digital assets as securities. Last year, the SEC filed a lawsuit against LBRY, claiming that the New Hampshire-based firm broke U.S. law by offering and selling LBRY Credits without first registering them as securities.

Galaxy Digital to cut majority exposure to crypto exchange FTX

Galaxy Digital Holdings Ltd (GLXY.TO), a company that provides crypto financial services, said it wanted to cut almost 62% of its exposure to FTX because of worries that instability at the troubled crypto exchange could spread. A day after Binance said it was going to buy smaller rival FTX, Galaxy, which was started by.

FTX approaches crypto exchange Kraken for funds — Axios

Axios said on Thursday, citing two people familiar with the situation, that FTX has reached out to Kraken as a possible rescue partner. This comes just hours after FTX CEO Sam Bankman-Fried said he had started an urgent push to raise money. Bankman-Fried had said earlier in the day that he was in talks to save his cryptocurrency exchange with “a number of players” in the crypto sector, including Justin Sun, who created the crypto token Tron.

U.S. senator urges legislation after FTX collapse

Debbie Stabenow, who is in charge of the U.S. Senate Agriculture Committee, said that the U.S. Congress needs to pass new laws because of what happened with the FTX cryptocurrency exchange. “Congress needs to do something. The Committee is still committed to getting the Digital Commodities Consumer Protection Act passed so that the digital commodities market has the protections it needs “Stabenow told us.

About RoboFi

RoboFi ( 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.

Official Link

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