Binance, one of the leading cryptocurrency exchanges, recently appointed Richard Teng as its new CEO.
Let's delve into Richard Teng's background and journey to the top:
Extensive Financial and Regulatory Experience: Richard Teng boasts over three decades of experience in financial services and regulation. Prior to joining Binance, he served as the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM).
Binance Roles and Responsibilities: Richard joined Binance in August 2021 as the CEO of Binance Singapore. Quickly rising through the ranks, he later took on the role of Regional Markets President, overseeing the MENA, Europe, and all regions outside the U.S. In November 2023, Richard assumed the position of Binance CEO, succeeding Changpeng Zhao.
Leadership Achievements at Binance:
While overseeing regional teams, Richard focused on establishing strategic partnerships, supporting the innovation ecosystem, and expanding the crypto ecosystem in various regions.
Educational Background:
Richard holds a Master's degree in Applied Finance from West Australia University and a Bachelor's degree in Accounting (First Class) from Nanyang Technological University.
Past Roles:
His career includes significant roles such as Chief Regulatory Officer at the Singapore Exchange (SGX) and Corporate Finance Director at the Monetary Authority of Singapore.
Global Recognition:
Richard Teng is recognized globally as one of the leading innovators in regulatory frameworks.
This seasoned executive brings a wealth of experience and expertise to his role as Binance CEO, shaping the future of the cryptocurrency industry.
Stay tuned for the exciting developments under leadership!
Binance just conducted a massive $453 million BNB burn!
0478852310#Binanceburned 2.14 million#BNBin the last three months, bringing its total BNB burn to 25. According to a post on the Binance website, the exchange's native cryptocurrency, BNB, completed its twenty-fifth fuel transaction on October 16. Because, thanks to the automatic burning process of BNB, 2,139,182 BNB worth $453,000,000 were removed from circulation. This was the eighth fuel operation using Binance's automatic burning system and was successfully carried out. The amount of BNB to be burned is calculated by the automatic burn mechanism based on BNB pricing and the number of blocks created during three months. For this purpose, Binance plans to burn 100 million BNB, that is, almost half of the total supply of 200 million BNB. It shows that he also carried out a BNB Coin fuel operation in which 25 to 50.29 million BNB were burned.📊💹
- Middle East conflict affected cryptocurrencies, values decreased. - Global stocks fell due to the US 30-year bond auction and inflation expectations. - While gold showed a strong performance, BTC could not show risk aversion this time. - Oil prices increased by 6%, but the economic impact may be limited.
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