Profile and Biodata of Richard Teng, New Binance Boss Replacing Changpeng Zhao
The following is the profile and biodata of Richard Teng that you might be looking for. Richard Teng is the new CEO of Binance. Richard Teng obtained this position after Binance chief executive Zhao Changpeng officially resigned on Wednesday, November 22 2023 after pleading guilty to US criminal charges for failure to protect against money laundering.
Teng, who currently serves as head of all of Binance's regional markets outside the United States, will assume responsibility for navigating the company once the years-long Department of Justice investigation concludes.
For fans of crypto and world finance, the name Richard Teng may already be familiar to your ears. With more than three decades of experience in the field, he has held important roles in the financial services and regulatory sectors in Singapore.
The following is the profile and biodata of Richard Teng that you may be looking for:
Richard Teng was born in Singapore in 1971. He is an experienced executive with more than three decades of a career in financial services and regulation. Richard joined Binance in August 2021 as CEO of Binance Singapore.
Soon after, Richard took on the role of looking after the MENA region, the European region, and eventually all regions outside the Americas as Head of Regional Markets at Binance.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), where he demonstrated his capabilities as one of the world's leading innovative regulators.
Richard's extensive experience also includes previous roles as Chief Regulatory Officer at the Singapore Exchange (SGX) and Director of Corporate Finance at the Monetary Authority of Singapore.
Richard holds a Master of Applied Finance (Distinction) from the University of Western Australia and a Bachelor of Accountancy (1st Class) from Nanyang Technological University.
$SHIB Shiba Inu is a digital asset that has become known as a meme coin. Currently, Shiba Inu has also achieved a place among the top 20 cryptos by market capitalization. However, there are estimates that the value of SHIB could become 1 US dollar in 2025. The SHIB team has been consistent in its development efforts and has carried out several projects. The Shiba Inu Network has been known for achieving important milestones.SHIB Could Become 1 US Dollar By 2025?Last week, there was a spectacular increase in the trading volume of the meme coin. However, the week started otherwise, as the price of Shiba Inu fell significantly to US$ 0.000008902, quoted from Watcher.Guru. Currently, SHIB is up by 1.6 percent in the last 24 hours, with its market capitalization showing a similar percentage increase .Looking to the future, can SHIB reach 1 US dollar by 2025? Before we get into that, let's take a look at its past performance. SHIB's incredible price performance Meme coin has definitely made a group of investors millionaires. Some early investors in SHIB enjoyed incredible ROI. Investors who joined the SHIB trend when the meme coin was trading at US$0.000000000082 in 2020 were richly rewarded. SHIB reached an all-time high of US$0.00008845 on October 28, 2021 , according to CoinMarketCap data. Investors enjoyed an ROI of 549,939.82 percent, which is a huge fortune in a short period of time.Could history repeat itself and SHIB reach new heights? Let's analyze the possibilities.Can SHIB reach 1 US dollar by 2025? Predicting the future price of this cryptocurrency involves considering various factors. Some analysts rely on historical data and trends, while others prefer to use technical analysis and market sentiment to evaluate potential price movements. SHIB's rally in 2021 is a combination of various factors and a bull market . However, prices have since fallen by 89.97 percent. For the Shiba Inu coin price to reach 1 US dollar, it requires a lot of things including cooperation. In particular, the highly anticipated Shibarium should make its debut soon. Shibarium, which promises cheaper fees, will likely attract more users to Shiba Inu. Another thing is the SHIB burn initiative. Vitalik Buterin's move to send 41 percent of SHIB's circulating supply to dead wallets is sure to be a striking moment for the meme coin.Burn game will have to ramp up to remove most of SHIB from circulating supply. This will also encourage more users to buy Shiba Inu. Thus, anything can happen in the realm of meme coins, with Pepe Coin being a prime example. Maybe the dream of 1 US dollar is not far away, but it is still difficult to achieve unless everything goes well.a.a.
Blackrock Plans to List Ethereum ETF, Crypto Takes Flight
The crypto market was dominated in the positive zone in the last 24 hours, when Blackrock wanted to list an Ethereum ETF. Referring to CoinMarketCap on Friday (10/11/2023) at 06.34 WIB, the majority of the crypto market strengthened. Bitcoin rose 2.34% to US$36,635.92 and on a weekly basis is still creeping up 5.10%. Ethereum flew 11.14% in the last 24 hours and in the last seven days rose 17.01%. Solana strengthened 4.70% on a daily basis and on a weekly basis it is still soaring 13.44%. Likewise, Cardano is in positive territory 1.75% in the last 24 hours and on a weekly basis it is still flying 12.81%. CoinDesk Market Index ( CMI) which is an index to measure the market capitalization-weighted performance of the digital asset market rose 3.52% to 1,518.22. Open interest depreciated 1.03% at US$33.51 billion. Meanwhile the fear & greed index reported by coinmarketcap.com showed the number 74 which shows that the market is in the greed/optimistic phase with the current economic conditions and crypto industry. Reporting from coindesk.com, BlackRock wants to create an ETF that holds Ethereum's ether (ETH), a plan that deepens the world's largest asset manager's commitment to cryptocurrencies.The plan sees the price of ETH break through the psychological level of US$2,100.Furthermore, the company's plans were revealed in The filing by Nasdaq, the US exchange on which BlackRock will seek to list its products requires regulatory approval. Earlier on Thursday (9/11/2023), it was discovered that the corporate entity "iShares Ethereum Trust" had been registered in the state of Delaware; iShares is the name of BlackRock's ETF division. BlackRock has been making waves in crypto by seeking to list a bitcoin ETF, a type of easy-to-trade product that could dramatically expand access to crypto to the average investor. CEO Larry Fink has been a vocal supporter of crypto, reversing previous skepticism. According to the filing, US-based crypto exchange Coinbase will be the custodian of the ether held by the product, while an unnamed third party will hold the cash.BlackRock also has a market surveillance agreement with Coinbase; the custody sharing agreement appears to be key to getting the ETF approved by the US Securities and Exchange Commission (SEC). The filing appears to try and forestall possible SEC objections to the oversight sharing aspect, saying Blackrock believes CME Group's ether futures price (and there is already an ETF holding it ) closely matches ETH's spot price."CME surveillance can detect spot market fraud affecting ETF futures and exchange-traded products, or surveillance cannot do so for both types of products," the filing said."After approving ETF futures ETH in part based on such oversight, the Commission has clearly determined that CME oversight can detect spot market fraud that would impact spot ETPs, and therefore sponsors believe that they should also approve spot ETH ETPs on such ETFs."#binancearticle #binance #USTC #LUNC
LUNC Coin has been surged by 80%. While the $USTC token has surged by 325%. USTC token has become one of the top performers of crypto projects in the last quarter of 2023.
The crypto world was shocked again by a significant price spike in TerraClassicUSD (USTC) and Terra Classic (LUNC). Both digital currencies are showing tremendous gains, attracting the attention of investors and crypto market observers. Check out the complete news below!USTC Soars: An Unexpected ResurrectionTerraClassicUSD (USTC), an algorithmic stablecoin that was once in a slump, is now experiencing a price surge of up to 137%. This increase occurred after Terra Classic Labs acquired 25.6 million USTC worth approximately $500,000 as part of their Treasury Reserve Policy. These purchases were made at an average price of $0.021 per USTC, which has now increased significantly. This increase in USTC prices not only provides profits for Terra Classic Labs, but also signals efforts to recover the value of USTC. Since losing its peg to the US dollar in May 2022, USTC has now transformed into a potential investment asset, promising increased value for its holders. LUNC Also Skyrockets: Profitable Domino Impact Not only USTC, Terra Classic (LUNC) also experienced a significant price increase. LUNC, which is the sister token of USTC, recorded an increase of up to 26%, reaching a price of $0.00009825. This increase erased the losses experienced by LUNC in recent weeks and opened up opportunities to reach new price levels. This increase in LUNC prices was also driven by an increase in the number of daily transactions on the Terra Classic network, which reached a new record with 589,000 transactions. This increase shows a return to user confidence in the Terra Classic blockchain ecosystem, which was once controversial. The Future of USTC and LUNC: New Hope on the Horizon The increase in USTC and LUNC prices signals a possible revival for these two crypto assets. Although there is still a long way to go to return to their peak glory, these positive trends provide new hope for the community and investors. The long-term success of these two digital currencies will depend on continued efforts to increase value and trust within their communities.The crypto market is always full of surprises, and this case of USTC and LUNC is a clear example. Investors and market observers must remain alert and informed to take the right investment decisions in this dynamic crypto world.#USTC #LUNC $LUNC $USTC $LUNA
After graduating from McGill, Zhao worked as a contractor at the Tokyo Stock Exchange, then became head of Tradebook Futures Development at Bloomberg Professional Services from 2001 to 2005. He eventually joined some friends to start an information technology (IT) consulting company, and moved to Singapore to launch Fusion Systems. Zhao also started several more ventures, including Bijie Tech, a provider of cloud-based exchange services. As his business grew, China began cracking down on cryptocurrency exchanges in March 2017, and Zhao considered launching his own crypto exchange. Binance launched in July 2017, but China banned all crypto exchanges in September 2017. Zhao was forced to move, but instead -Instead of looking for another country to operate in, the company is taking remote action. Binance has quickly grown to become one of the largest crypto exchanges based on daily trading volume. The company now operates globally, with a spot trading volume of more than US$10 billion and derivatives trading worth US$50 billion. Zhao, the majority shareholder in Binance Holdings, has seen his net worth increase since then, reaching a peak of nearly $100 billion US at the peak of crypto price increases in 2021.Biodata of Changpeng ZhaoName: Changpeng ZhaoCall: CZOrigin: Lianyungang, ChinaCitizenship: CanadaProfession: entrepreneurTwitter account (X): cz_binanceInstagram account: CZ_BinanceInteresting factsZhao was born in Jiangsu, China. His father, a professor, was labeled a pro-bourgeois intellectual and exiled shortly after CZ was born. Zhao founded Binance in July 2017, raising 15 million US dollars through an initial coin offering. In 2022, Binance facilitated spot trades worth 5.3 trillion US dollars, more than two-thirds of all volume handled by centralized crypto exchanges.As a teenager in Vancouver, CZ worked hard to cover household expenses, selling burgers at McDonald's, and working night shifts at a gas station.That is information about the profile and biodata of Changpeng Zhao, the Binance boss who is threatened with prison. #binace #bnb #changpengzhao
Recently it went viral that Binance boss Changpeng Zhao was threatened with going to prison after being killed by the United States. Changpeng Zhao is a crypto billionaire and founder of Binance. Reported by Reuters, Binance violated the provisions of the American Anti-Money Laundering Law and failed to report more than 100,000 suspicious transactions with organizations designated by the US as terrorist groups including Hamas, Al Qaeda and ISIS. Changpeng Zhao In fact, he warned last year that it was difficult to prevent illegal activities in the industry he dominates. Behind all the problems that arise, Changpeng Zhao's success in starting his business from zero to becoming one of the richest people in the world is worthy of emulation and motivation. For those of you who don't know him yet. Who is Changpeng Zhao, here Suara.com has summarized the information for you. Who is Changpeng Zhao? Changpeng Zhao was born on February 5 1977, in Jiangsu province, China. His father, Shengkai, migrated to Vancouver, Canada, in 1984 to pursue a doctorate, and the rest of his family arrived in 1989. Zhao's family left China right after the Tiananmen Square massacre and was able to expedite visa processing. 4 He was first introduced to the world of computers when his father bought a computer. 286 DOS which costs 7,000 US dollars. Zhao then enrolled in computer programming classes and graduated with a degree in computer science from Canada's McGill University.
The beginning of Richard Teng's career until he became CEO of Binance
Richard Teng's early career until he became CEO of Binance Richard Teng started his career as an auditor at PricewaterhouseCoopers and then joined the Monetary Authority of Singapore (MAS), the country's central bank and financial regulator, in 1997. It is noted that he spent 13 years at MAS, where he held various senior positions, such as corporate finance director, market behavior director, and chief regulator. In 2010, Teng left MAS and joined the Singapore Exchange (SGX), the country's stock exchange and derivatives market, as chief regulator. He was responsible for overseeing the regulation and compliance of SGX listed companies, members and clearing houses. Teng also played a key role in developing and implementing SGX's policies and regulatory framework, such as listing regulations, securities trading regulations, and risk management systems. In 2015, Teng moved to Abu Dhabi, the capital of the United Arab Emirates, to become CEO of Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM), an international financial center and free zone. He led the establishment and operation of the FSRA, which regulates and supervises financial activities and entities in the ADGM, such as banks, asset managers, exchanges, fintech companies, and crypto businesses. Richard Teng is also tasked with helping shape ADGM's legal and regulatory framework, which is based on common law and international best practices. Under his leadership, ADGM became one of the most progressive financial regulators. In August 2021, Teng joined Binance as CEO of Binance Singapore, the leading fiat-to-crypto platform for cryptocurrency trading in Singapore dollars (SGD). its compliance with local laws and regulations. Later in November 2021, Teng was appointed head of regional markets at Binance, a new role overseeing Binance's business operations and strategy in Asia, Europe, the Middle East and North Africa.On November 22 2023, Teng was officially announced as the new CEO of Binance, replacing Zhao, who will remain chairman and chief visionary of the company. That is Richard Teng's profile and biodata complete with his career journey until he became CEO of Binance replacing Changpeng Zhao. #bnb #BNB🔥 #BNBecosystem
The CoinDesk Market Index (CMI), which is an index for measuring the market capitalization-weighted performance of the digital asset market, fell 0.02% to 1,554.23. Open interest depreciated 0.71% at US$34.28 billion.
Meanwhile, the fear & greed index reported by coinmarketcap.com shows the number 70, which indicates that the market is in the greed/optimistic phase with the current economic conditions and crypto industry.
The shocks present in the crypto market especially the intensive investigation carried out by the Securities and Exchange Commission (SEC) against Binance US and its former CEO Changpeng Zhao continue to worry cryptocurrency investors.
The recent lawsuit by the SEC against the Kraken exchange and the US Deputy Secretary of the Treasury's statements regarding crypto regulation and sanctions promise tighter controls for exchanges.
To date, these companies have not given enough consideration to legal compliance as crypto grows in a gray area and still does not have unique laws on a global scale.
All of this has led crypto investors to wonder if a bigger wave of regulatory pressure is on the horizon.
Additionally, the Department of Justice's insinuating statement regarding the stablecoin investigation caused confusion.
On the other hand, the latest Glassnode data shows that miners are likely selling.
This is because due to the halving, miners' revenues will weaken, and they must have a strong balance sheet to prepare for market shocks during this period.
Binance and Kraken Fear Investors, Crypto Landslide
The crypto market moved in negative territory in the last 24 hours as the negative sentiment of crypto trading platforms Binance and Kraken worried market players.
Referring to CoinMarketCap on Friday (1/12/2023) at 7.32 WIB, the majority of the crypto market weakened. Bitcoin fell 0.45% to US$37,647.93 even though it appreciated 0.88% on a weekly basis.
Ethereum was in the positive zone of 0.89% in the last 24 hours and in the last seven days fell 0.84%.
Cardano depreciated 1.92% daily and weekly also fell 3.51%.
However, this is different with Dogecoin, which strengthened 2.46% in the last 24 hours and climbed 8.54% weekly.
The CoinDesk Market Index (CMI), which is an index for measuring the market capitalization-weighted performance of the digital asset market, fell 0.02% to 1,554.23. Open interest depreciated 0.71% at US$34.28 billion.
Meanwhile, the fear & greed index reported by coinmarketcap.com shows the number 70, which indicates that the market is in the greed/optimistic phase with the current economic conditions and crypto industry.
The shocks present in the crypto market especially the intensive investigation carried out by the Securities and Exchange Commission (SEC) against Binance US and its former CEO Changpeng Zhao continue to worry cryptocurrency investors.
The recent lawsuit by the SEC against the Kraken exchange and the US Deputy Secretary of the Treasury's statements regarding crypto regulation and sanctions promise tighter controls for exchanges.
To date, these companies have not given enough consideration to legal compliance as crypto grows in a gray area and still does not have unique laws on a global scale.
All of this has led crypto investors to wonder if a bigger wave of regulatory pressure is on the horizon.
Additionally, the Department of Justice's insinuating statement regarding the stablecoin investigation caused confusion.
On the other hand, the latest Glassnode data shows that miners are likely selling.