Weekly Report (20 – 26 Dec. 2021) | What Happened This Week In Crypto

This Report will provide you with some important and quick news of cryptocurrencies that happened around the world.

1) Turkey Fines Binance $750,000 As The Country’s Crypto Legislation Prepares For Parliamentary Approval

Turkish officials have penalised Binance, a local cryptocurrency exchange, for allegedly violating digital currency legislation governing user information. Turkey’s Financial Crimes Investigation Board (MASAK) punished the exchange that operates under the name BN Teknoloji 8 million Turkish lira ($750,000), Reuters reports. This is the agency’s first punitive move since it started supervising the crypto industry…[continue reading]

2) The US Securities And Exchange Commission Ruins Cryptocurrency Investors’ Christmas

The SEC has once again denied applications for spot Bitcoin ETFs. This time around, Valkyrie and Kryptoin ETFs have been denied. Valkyrie and Kryptoin’s petitions were denied by the SEC in a public ruling. The Commission used the same grounds they had previously used to deny comparable items, citing concerns about consumer protection and fraud…[continue reading]

3) For The First Time In The Project’s History, Dogecoin Developers Publish A DOGE Roadmap

Dogecoin developers have revealed a roadmap for the first time in history in order to increase the coin’s popularity and usage. Billy Markus, a creator of Dogecoin, said in a tweet that the Dogecoin Foundation would publish a roadmap for the first time in its existence. The currency was founded in 2013 as a joke about Bitcoin, and it lacked a plan until lately, when nobody took DOGE seriously…[continue reading]

4) Elon Musk Explains Why He Is “Pro Doge,” Entering The Web3 Debate With Jack Dorsey

Elon Musk just entered the discussion against Jack Dorsey in a twitter thread initiated by Farokh Sarmad, creator of Rug Radio, entrepreneur, and crypto punk (according to his Twitter bio). The topic is about Web3 technology, which includes Bitcoin and Ethereum. Musk concurs that Bitcoin empowers new wealthy individuals…[continue reading]

5) Donald Trump Labels Cryptocurrency ‘Dangerous’ Despite Melania’s NFT Launch

Although the former US President remains opposed to bitcoin, his wife just produced a Solana NFT that can only be purchased with cryptocurrency. Trump remains suspicious about Bitcoin, cautioning in a new interview that it might be a “very terrible thing.” Melania Trump, his wife, just launched a Solana NFT that can only be bought with bitcoin…[continue reading]

6) Shiba Inu Listed On Australia’s Oldest Cryptocurrency Exchange

CoinJar, Australia’s longest-running cryptocurrency exchange, said Wednesday that it had launched the Shiba Inu (SHIB) cryptocurrency. Along with Shiba Inu, it now supports six other tokens: Origin Protocol (OGN), Audius (AUDIO), Cartesi (CTSI), Fetch.ai (FET), and Quant Network (QNT) (QNT)…[continue reading]