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RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

Mastercard, Binance launching prepaid card in Brazil

Mastercard Inc (MA.N) and Binance announced the launch of a prepaid card in Brazil, Latin America’s largest economy, as part of the crypto giant’s aim to “broaden the relationship between traditional banking and crypto” on Monday. Read More.

Block.one’s revived $22 mln settlement could be template for crypto class actions

Following the rejection of a proposed $27.5 million settlement of tokenholders’ class action securities fraud claims last summer, as well as an aborted takeover of the litigation by a different plaintiffs’ firm, blockchain company Block.one has reached a new $22 million deal with investors, which may serve as a template for future crypto class action settlements. Read More.

Britain’s finance ministry sets out draft rules to regulate cryptoassets

On Wednesday, Britain’s finance ministry unveiled its first set of cryptoasset regulations, citing continued turmoil in the market and the collapse of exchange FTX as examples of risks that must be addressed. Read More.

Crypto exchange Kraken shuts Abu Dhabi office

Kraken, a cryptocurrency exchange, has closed its Abu Dhabi office less than a year after obtaining a license in the region, according to a spokeswoman on Thursday, as the business looks to concentrate its focus following FTX’s bankruptcy, which shocked the digital assets sector. The US-based company announced last year that it will downsize its employment by 30%, or approximately 1,100 employees, as rising interest rates and fears of an economic slump soured enthusiasm toward cryptocurrency. Read More.

U.S. prosecutors probe Silvergate’s dealings with FTX, Alameda -source

According to a source familiar with the investigation, federal prosecutors in Washington are looking into Silvergate Capital Corp (SI.N) and its ties with the bankrupt crypto exchange FTX and Alameda Research. According to the source, prosecutors from the Justice Department’s fraud division are involved in the criminal investigation into the crypto-focused bank’s transactions. Following the demise of FTX, Silvergate has come under increased scrutiny. 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.

Official Link

Website | Twitter | Telegram| Telegram News | Reddit | Litepaper

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RoboFi was born out of the mission to bridge the gap between financial technology and the people, providing DAO (Decentralized & Autonomous) trading Bots at their convenience. RoboFi is a powerful platform fuelled by VICS.

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