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RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

U.S. SEC charges 11 individuals in $300 million crypto pyramid scheme

The Securities and Exchange Commission announced on Monday that 11 individuals have been charged for their roles in the creation and promotion of a fraudulent crypto pyramid and Ponzi scheme that garnered more than $300 million from retail investors worldwide, including in the United States.

Cryptoverse: Bitcoin beats the heat in a jumpin’ July

Bitcoin has had a good month, something we haven’t stated in a while. In July, it increased by more than 17 percent, marking its highest performance since October. Ether increased by 57%, its largest monthly increase since January 2021.

U.S. crypto firm Nomad hit by $190 million theft

U.S. crypto company Nomad was the victim of a $190 million loss, according to blockchain researchers on Tuesday. This is the latest such crime to impact the digital asset sector this year. Nomad stated in a tweet that it was “aware of the occurrence” and was conducting an investigation, but did not provide any information or the theft’s value.

Crypto firm registers with Italian regulator, a London-based cryptocurrency company, announced on Thursday that it had registered as a virtual asset service provider in Italy, becoming the latest digital asset company to do so. In February, Italy’s securities regulator launched a special registration to list crypto businesses with a steady presence in the nation, providing they meet specific standards.

Retail investors perceive stocks, bonds to be more arcane than crypto, survey shows

According to a survey by the Realm Economic Forum, retail investors regard conventional stock and bond markets to be more mysterious than the untamed world of cryptocurrencies (WEF). In a poll conducted by the privately-funded WEF in partnership with BNY Mellon and Accenture, 29% of investors said they did not understand the young cryptocurrency market, while nearly 40% of investors said they did not comprehend equities or bonds.

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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