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Many market professionals use chart patterns, trading volume statistics, and other technical indicators to help them make buying and selling decisions.
Richard Teng is long-time executive of Binance, Teng was promoted to global head of regional markets earlier this year. who will take over as CEO.
As per Zhao's tweet, prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
Teng, 53, succeeded Zhao as the chief executive of the world’s largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations. Zhao, Binance’s founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe.
With alot of experience under his belt in crypto space and background working for financial regulators around the world, Teng’s appointment sends a strong message Outlines thier vision to Collaborate with Regulators.
Binance , the Crypto trading giants looks in safe hands , and will walk forward into brighter future.
🔴🔴BTC will go back to 28k 😢🔴🔴 --DOJ gets the bug guy , much like big stan--
I hate FUD , and delivering bad News , but not alot of people know the significance of Binance saga.
I am so Bearish for the reason below :
1- Binance made to be an example for all other exchanges , its like the movie Big Stan , when he went to prison and confronted the strongest prisoner. After that , it's a piece of cake , Kraken is next to pay big money penalty , and who knows what's the next targeted platform.
2- Crypto will be tough in the USA now , After Binance pledged to cooperate with US governmental agencies , alot of dirt will come out , such as an reported income Taxes for some people and entities , that will mean a lot will liquidate to pay what they owe plus penalties .
3- I believe that all the numbers mentioned in the DOJ conference are much less than real numbers , I am sure there are some loopholes undiscovered .
4- The Domino effect , some people will wake up in Asia to the bad news , only 25% of world population are awake during the press conference , the rest of the world 🌎 will wake up to make it worst !!
5- A lot of the Americans on Binance will want to move Thier assets , would be easier to move everything in one asset (usdt most likely )
I notice that $AVAX Started to slow down and my thoughts that the Liquidity will start shifting towards another coin.
$LINK until now didn't get it's fare share of the bull run Pump . and been for few days in an attractive price to invest , So I think the next few days we will see it pump .
Solana bullish run approaches an end , seeing a lot of people enjoying Thier profits , Solana could experience a pull back and new wave will start later. Having all that said , the liquidity will start shifting towards another projects, and I am expecting $AVAX to start getting attention , as it had a slow growth during this bull run in comparison with Solana, Also $ARB could get more attention.
Also the tokens on the echo system of Avalanche and Arbitrum could experience a pump when the Layer1 get pumped.
The third halving cycle is almost over and the long period of extreme volatility is over. Not only that, but average volatility is decreasing. Next split coming in April 2024. This is what you expect when the asset matures.
Binance Will Support the TomoChain (TOMO) Rebranding to Viction (VIC).
Distribution of Viction (VIC) tokens will carry out at a 1:1 ratio with TomoChain (TOMO) tokens. While the smart contract addresses associated with Viction (VIC) remain unchanged from TomoChain.
Officially shifting to viction.xyz and anticipate a gradual overall transformation over the next 6 to 12 months.
The CTO of Valkyrie Funds believes the SEC could approve the Bitcoin spot fund as soon as the end of November.
There are currently only 8 countries around the world that offer Spot Bitcoin ETF. The top country for spot Bitcoin ETFs is currently Canada 🇨🇦, where there are 7 spot Bitcoin ETFs with total assets of $2 billion.
The approval of the US market will be the start of a Dominos effect , we will see BTC ETFs getting listed in country after the other.
I am very optimistic about the bull 🐂 run of this cycle.
The XRP token has been approved by the Dubai Financial Services Authority (DFSA), allowing firms in the Dubai International Financial Centre (DIFC) to incorporate the cryptocurrency into their virtual asset services, Ripple Labs, the San Francisco based payments firm announced Thursday 2nd of November. Now XRP will join Bitcoin, Ethereum and Litecoin as and approved asset by (DFSA).