RoboFi News Review: Top Crypto News of the Week
This week’s news roundup is presented below.
OpenAI’s Sam Altman launches Worldcoin crypto project
The central feature of the project revolves around the World ID, referred to by the company as a “digital passport” designed to distinguish genuine humans from AI bots. Acquiring a World ID involves the customer undergoing an in-person iris scan using Worldcoin’s ‘orb,’ a silver ball resembling the size of a bowling ball. After the orb’s iris scan successfully confirms the individual’s human identity, a unique World ID is generated for them. Read More.
Will SEC regulation and FTX suits cause more insurers to consider cryptoassets?
During the autumn of 2008, the nation was facing the repercussions of what was widely regarded as the most severe financial crisis since the Great Depression. This situation led to widespread doubts about the effectiveness of the traditional financial system in meeting people’s needs. In the wake of this extraordinary crisis, the groundwork for the digital asset market was laid when an individual or a group operating under the pseudonym “Satoshi Nakamoto” released a whitepaper on Bitcoin. Read More.
Binance withdraws application for crypto license in Germany
Binance, the world’s largest cryptocurrency exchange, has withdrawn its application for a crypto license in Germany as it reconsiders its immediate expansion plans amid the industry’s tough regulatory stance. Last month, German regulators had informed Binance of their decision not to grant the crypto custody license. The company’s spokesperson confirmed the proactive withdrawal, citing significant changes in the global market and regulatory landscape as the reasons for their reconsideration. Read More.
US judge tightens Sam Bankman-Fried’s bail, will consider jailing him
In a recent hearing at Manhattan federal court, U.S. District Judge Lewis Kaplan imposed stricter bail conditions on Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, including limitations on his public communication, amid the trial for the exchange’s collapse. Prosecutors further urged the judge to consider detaining Bankman-Fried immediately, as they accused him of potentially tampering with a witness by sharing personal writings of his former romantic partner, Caroline Ellison, with a reporter, marking a second alleged instance of witness tampering.
Bankman-Fried campaign finance charge dropped, lessening trial’s political focus
U.S. prosecutors chose to drop a campaign finance charge against Sam Bankman-Fried, which may lead to a more concentrated focus on his primary alleged crime: embezzling billions of dollars from customers of his defunct cryptocurrency platform, FTX. The 31-year-old entrepreneur is currently striving to avoid incarceration before his trial on fraud charges scheduled for October 2nd. Prosecutors in Manhattan previously accused him of witness tampering by disclosing personal writings of his ex-partner, Caroline Ellison, to a reporter from The New York Times. 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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