As we stride confidently into 2022, let's take a look back at the news stories that dominated the worlds of forex, fintech and crypto in our best of the week segment.
Turkish Regulator Fines Binance $750K
Binance is facing another regulatory blow as Turkey’s Financial Crimes Investigation Board (MASAK) has slapped an 8 million lira (around $750,000) fine on the local unit of the cryptocurrency exchange.
First reported by the state-owned media agency, Anadolu, the penalty came as the Turkish operation of Binance allegedly violated local anti-money laundering laws. The lapses surfaced after MASAK carried out an audit of Law No. 5549 on the Prevention of Laundering Proceeds of Crime on the exchange.
Read more on the Binance Turkish fine here.
Will Shiba Inu (SHIB) Shed Another ‘0’ in 2022?
In a Finance Magnates analysis, we delved deep into the world of Shiba Inu (SHIB) and whether or not the meme coin can shed another zero in 2022.
Read more on Shiba Inu in 2022 here.
Google Searches for NFTs Outpace Crypto for the First Time
Global searches for the term 'non-fungible tokens' have surpassed 'crypto' for the first-ever time this Christmas.
While Bitcoin is regarded as the digital answer to currency, NFTs are now rapidly being considered as the digital answer to collectibles.
Read more on the rise of NFTs here.
Bitcoin to Hit $100,000 in Q1 2022?
With high volatility, institutional adoption, and a record price level, 2021 will be remembered as one of the most important years in the history of Bitcoin.
The crypto asset started this year at a price level of $29,000 and climbed to an all-time high of $69,000 on 8 November 2021. Since then, the digital currency has been in a downtrend, trading around the $50k mark.
But, what does 2022 hold in store for Bitcoin?
Read more on Bitcoin at $100k? here.
Bitcoin and Web3: Why the Beef?
Finance Magnates breaks down the beef between Bitcoin and Web3.
Read more on Bitcoin and Web3 here.
XRP: Long-Term Investors Are Betting Big on Crypto Asset
XRP whales have accumulated nearly 200 million coins in the last three months whilst XRP has cemented itself a special place in the global crypto ecosystem.
So, why are investors betting big on XRP? Is XRP trading at a discount?
These questions are all answered here in a Finance Magnates XRP analysis.
24option Operator Faces €15K Fine in the Netherlands
The Dutch financial supervisory authority has imposed an administrative fine of €15,000 on Rodeler Limited and its local unit Rodeler (NL) BV for violation of a section of the country’s General Administrative Law Act. Rodeler operated a CFDs trading platform under the brand 24option.com.
The Netherlands Authority for the Financial Markets (AFM) detailed that it launched an investigation against the local unit of Rodeler to determine if the firm needs an AFM license for its operations. In addition, it wanted to determine if the company was indulging in any unfair commercial practices.
Read more on the AFM Rodeler fine here.
