Cz
22.9M views
9,322 Posts
Hot
Latest
LIVE
Binance News
--
CZ: Today, I Stepped Down as CEO of Binance, Richard Teng Named The New CEO, Funds Are SAFU!
Changpeng Zhao, founder, and now former CEO of Binance, announced today that he is stepping down from his position. Having led Binance through rapid growth over the last six and a half years, Zhao expressed confidence that the time was ripe for him to hand over the reins.
Richard Teng, the previously Global Head of Regional Markets at Binance, has been appointed as the new CEO. Zhao reassured stakeholders that with Teng's more than thirty years of experience in financial services and regulation, Binance's future remains secure.
Prior to Binance, Teng held significant roles as the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market, Chief Regulatory Officer of the Singapore Exchange, and Director of Corporate Finance in the Monetary Authority of Singapore.
Richard Teng, the previously Global Head of Regional Markets at Binance, has been appointed as the new CEO. Zhao reassured stakeholders that with Teng's more than thirty years of experience in financial services and regulation, Binance's future remains secure.
Prior to Binance, Teng held significant roles as the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market, Chief Regulatory Officer of the Singapore Exchange, and Director of Corporate Finance in the Monetary Authority of Singapore.
💲 #Ethereum2024 Price Eruption Past $3k Imminent? Investors Unpack Vitalik ‘s Bull Run Tips
Ethereum price forecast anticipates a surge past $3,000, as market analysis and Vitalik Buterin's advice fuel investor optimism.
#BTC #ETH #Cz
Ethereum price forecast anticipates a surge past $3,000, as market analysis and Vitalik Buterin's advice fuel investor optimism.
#BTC #ETH #Cz
Who can make a great difference in blockchain or crypto? #crypto2023 #Cz #ElonMusk #bnbgreenfield #onecoinmultiplechains
Elon Musk
42%
CZ Binance
46%
Vitalik Buterin
10%
Others (Comment with Name)
2%
269 votes • Voting closed
We are bringing to you a live session with #Cz ! Join us in our first ever Ramadan Super Meetup with CZ and other speakers from #Binance , where we will discuss the latest topics & industry trends. #ExchangeWithKindness
🗓 March 22, 2023
⏰ 12:00 (UTC)
Where !? #BINANCELIVE
🗓 March 22, 2023
⏰ 12:00 (UTC)
Where !? #BINANCELIVE
$BNB
#Cz
Who is actually CZ?
WORKED AS A FAST FOOD COOK AND TODAY HE IS ONE OF THE RICHEST PEOPLE IN THE WORLD WITH NET WORTH OF US$ 33 BILIONS
Full name: Changpeng Zhao
Born: 05.02.1977
Education: McGill University School of Computer Science
Nationality: Canadian, Emirati
Children: 3
Known for: Co Founder and Former Ceo of Binnance
Zhao was born in rural village in Jiangsu 1977 province in China to a family of teachers.
According to Forbes, he moved to Vancouver with his family after the Tiananmen Square protests in 1989. Zhao’s father, Shengkai, was a professor who was exiled to the countryside during the Cultural Revolution in China, according to the Maclean’s report. The report also said that Shengkai immigrated to Canada to pursue a doctoral degree at the University of British Columbia.
Zhao said in a September blog post that his family had to wait in line outside the Canadian embassy for three days to procure visas. He added that he was “lucky to have been able to leave at that time”.
After he moved to Canada he has worked on different places, including working as a fast food cooker in McDolands’, at Chevron Gas Station and as a referee for volleyball games in his young ages.
He studied Computer Science and successfully worked on Tokyo Exchance and Bloomerangs Tradebook.
First sign of this incredible mind was when 2005 Zhao moved back to China and eventually owned apartment in Shangai.
Zhao first heard of Bitcoin in 2013 when playing poker with Bobby Lee (brother of Charlie Lee) who would later go on to found BTCC. Lee advised Zhao to put 10% of his money into bitcoin. Zhao instead "went all in" and sold his apartment in Shanghai and invested all of his wealth in Bitcoin, much to his family's dismay.
Price of Bitcoin went down drastically and value of Shangai apartment increased 3x times.
And rest is the history.
#Cz
Who is actually CZ?
WORKED AS A FAST FOOD COOK AND TODAY HE IS ONE OF THE RICHEST PEOPLE IN THE WORLD WITH NET WORTH OF US$ 33 BILIONS
Full name: Changpeng Zhao
Born: 05.02.1977
Education: McGill University School of Computer Science
Nationality: Canadian, Emirati
Children: 3
Known for: Co Founder and Former Ceo of Binnance
Zhao was born in rural village in Jiangsu 1977 province in China to a family of teachers.
According to Forbes, he moved to Vancouver with his family after the Tiananmen Square protests in 1989. Zhao’s father, Shengkai, was a professor who was exiled to the countryside during the Cultural Revolution in China, according to the Maclean’s report. The report also said that Shengkai immigrated to Canada to pursue a doctoral degree at the University of British Columbia.
Zhao said in a September blog post that his family had to wait in line outside the Canadian embassy for three days to procure visas. He added that he was “lucky to have been able to leave at that time”.
After he moved to Canada he has worked on different places, including working as a fast food cooker in McDolands’, at Chevron Gas Station and as a referee for volleyball games in his young ages.
He studied Computer Science and successfully worked on Tokyo Exchance and Bloomerangs Tradebook.
First sign of this incredible mind was when 2005 Zhao moved back to China and eventually owned apartment in Shangai.
Zhao first heard of Bitcoin in 2013 when playing poker with Bobby Lee (brother of Charlie Lee) who would later go on to found BTCC. Lee advised Zhao to put 10% of his money into bitcoin. Zhao instead "went all in" and sold his apartment in Shanghai and invested all of his wealth in Bitcoin, much to his family's dismay.
Price of Bitcoin went down drastically and value of Shangai apartment increased 3x times.
And rest is the history.
Continue post ☺️
92%
Leave from Suqare 😞
8%
37 votes • Voting closed
a leading company in the crypto market, which in just 5 years has achieved many good things for both its community and the entire ecosystem, including Guinness record awards, just @binance is so committed to this ecosystem #KeepBuilding💛
#Binance #Cz #CzBinance
#Binance #Cz #CzBinance
CEO CZ Steps Down in $4 Billion Settlement with DOJ Amid Allegations of Deception
1. Resignation of Binance CEO CZ: - Changpeng "CZ" Zhao, the founder and CEO of Binance, is stepping down from his position. #Cz 2. $4 Billion Settlement Overview: - The resignation is part of a broader settlement, totaling $4 billion, reached between CZ and the Department of Justice (DOJ).3. Involvement of DOJ and CFTC: - The settlement involves both the Department of Justice and the Commodities Futures Trading Commission (CFTC), highlighting the legal and regulatory dimensions of the agreement.4. Guilty Plea for Anti-Money Laundering Charges: - As part of the settlement terms, CZ is set to plead guilty to anti-money laundering charges filed by the Department of Justice.5. SEC Charges Against Binance: - The Securities and Exchange Commission (SEC) previously charged Binance, as well as its founder CZ, with operating an unregistered exchange. Central to the allegations is the claim that they misled investors by utilizing a Switzerland-based fund, Sigma Chain (owned by CZ), to inflate trading volume on Binance's U.S. platform.6. CFTC Allegations: - The Commodities Futures Trading Commission (CFTC) brought separate charges, asserting that Binance offered crypto derivatives to U.S. citizens without registering as a futures commodity merchant.7. Details of Deceptive Practices: - SEC Chair Gary Gensler emphasized that the charges involve an "extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law."8. Settlement Amount and Investigation Timeline: - Reports suggest that Binance is on the verge of agreeing to a $4 billion settlement with the Justice Department. This settlement marks the conclusion of an investigation that reportedly began in at least 2018. It's noteworthy that federal prosecutors had previously requested customer-related files from Binance in late 2020.9. Formation of Global Advisory Board: - In September, Binance announced the creation of a Global Advisory Board, which is led by former U.S. Senator and Ambassador to China Max Baucus. Other prominent members include David Plouffe, former campaign manager for President Barack Obama, and Bruno Bézard, former head of the French Treasury.This comprehensive breakdown highlights the intricate details of the situation, encompassing legal actions, regulatory scrutiny, financial settlements, and strategic organizational decisions within Binance. If there are specific areas you'd like more information on, feel free to specify!#opbnb #ordinals #Pyth #etf $BNB
Forbes releases the world's billionaire list, with the total wealth of 17 crypto industry players reaching $93 billion
Forbes released the 2024 Global Billionaires List, 17 of which are from the crypto field. The total value of the crypto assets held by these investors and entrepreneurs, publicly disclosed stock portfolios, and private wealth is estimated to be approximately US$93 billion, more than double the total wealth of the nine crypto billionaires on the list last year ($37 billion).
Binance founder and former CEO Zhao Changpeng has become the richest person in cryptocurrency for the third consecutive year, with an estimated current net worth of $33 billion, up from $10.5 billion last year, ranking 50th on the global billionaire list. In addition, Coinbase CEO Brian Armstrong ($11.2 billion) and MicroStrategy CEO Michael Saylor ($4.4 billion) were also selected.
$BNB #Binance #Cz
Forbes released the 2024 Global Billionaires List, 17 of which are from the crypto field. The total value of the crypto assets held by these investors and entrepreneurs, publicly disclosed stock portfolios, and private wealth is estimated to be approximately US$93 billion, more than double the total wealth of the nine crypto billionaires on the list last year ($37 billion).
Binance founder and former CEO Zhao Changpeng has become the richest person in cryptocurrency for the third consecutive year, with an estimated current net worth of $33 billion, up from $10.5 billion last year, ranking 50th on the global billionaire list. In addition, Coinbase CEO Brian Armstrong ($11.2 billion) and MicroStrategy CEO Michael Saylor ($4.4 billion) were also selected.
$BNB #Binance #Cz
Who is Richard Teng❓
Bio: Richard Teng, Binance’s New CEORichard Teng is an experienced executive with over three decades of financial services and regulatory experience. Richard joined Binance in August 2021 as CEO of Binance Singapore. Soon thereafter, he held roles looking after the MENA region, the European region, and ultimately all regions outside of the U.S. as the Head of Regional Markets at Binance. In this role, he led regional teams to secure strategic partnerships, foster an ecosystem of innovation, and expand the cryptocurrency ecosystem within the respective regions. In November 2023, Richard succeeded Changpeng Zhao as Binance CEO. Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), where he showcased his capabilities as one of the world’s foremost innovative regulators. Richard’s vast experience also includes previous roles as the Chief Regulatory Officer of the Singapore Exchange (SGX) and Director of Corporate Finance at the Monetary Authority of Singapore. Richard received his Masters in Applied Finance (Distinction) from the University of Western Australia and a Bachelor of Accountancy (1st Class) from Nanyang Technological University#RichardTeng #Ceo #BinanceCEO #Binance #Cz $BTC $ETH $BNB
What is BNB?
Introduction
BNB, originally known as Binance Coin, is a cryptocurrency developed by Binance, one of the world's leading cryptocurrency exchanges. Launched in 2017, BNB was created to provide a more efficient, cost-effective, and seamless trading experience on the Binance platform. The coin has evolved to become a key component of the broader Binance ecosystem, encompassing a range of applications and services.
The Early Days of BNB
BNB was introduced by Changpeng Zhao, the CEO of Binance, as part of the company's vision to enhance the functionality and user experience on the Binance exchange. Initially, BNB was primarily used to offer discounted trading fees to users, incentivizing its adoption and use within the Binance trading platform.
BNB's Technical Approach and Use Cases
The technical underpinnings of BNB focused on speed, efficiency, and scalability to cater to the growing demands of the cryptocurrency market. BNB initially operated on the Ethereum blockchain as an ERC-20 token before migrating to Binance's own blockchain, Binance Chain. This shift enabled faster transactions and more diverse use cases, such as token swaps and participation in token sales hosted on the Binance platform.
The BNB Token Sale
BNB's token sale, often referred to as an Initial Coin Offering (ICO), was conducted in 2017. The ICO was a significant event in the cryptocurrency sector and played a crucial role in funding the development and expansion of the Binance ecosystem. The success of the ICO highlighted the market's confidence in Binance and its vision for BNB.
The Launch of Binance Chain and BNB
The launch of Binance Chain, accompanied by the migration of BNB from Ethereum to its native blockchain, marked a pivotal moment for BNB. This transition was not only a technical achievement but also a strategic move to diversify and enhance the functionalities offered to BNB holders.
BNB Today
Currently, BNB is not just a utility token for the Binance exchange but a foundational element of the larger Binance ecosystem, which includes Binance Smart Chain (BSC), a parallel blockchain facilitating smart contract functionality and decentralized applications (dApps). BNB's use cases have expanded to include transaction fee payments, token purchases, and participation in exclusive token events on Binance.
The platform's focus on innovation, security, and user experience has solidified BNB's position as a leading cryptocurrency. Its integration into various sectors, including decentralized finance (DeFi) and non-fungible tokens (NFTs), has broadened its appeal and utility.
Conclusion
BNB represents a significant development in the cryptocurrency landscape, particularly in enhancing the functionality and efficiency of digital asset trading and blockchain applications. Its evolution from a trading fee discount token to a cornerstone of the Binance ecosystem highlights its adaptability and the company's commitment to innovation. With ongoing developments and increasing adoption, BNB continues to play a critical role in the cryptocurrency market and the broader blockchain industry. #BNB #binance #Cz
BNB, originally known as Binance Coin, is a cryptocurrency developed by Binance, one of the world's leading cryptocurrency exchanges. Launched in 2017, BNB was created to provide a more efficient, cost-effective, and seamless trading experience on the Binance platform. The coin has evolved to become a key component of the broader Binance ecosystem, encompassing a range of applications and services.
The Early Days of BNB
BNB was introduced by Changpeng Zhao, the CEO of Binance, as part of the company's vision to enhance the functionality and user experience on the Binance exchange. Initially, BNB was primarily used to offer discounted trading fees to users, incentivizing its adoption and use within the Binance trading platform.
BNB's Technical Approach and Use Cases
The technical underpinnings of BNB focused on speed, efficiency, and scalability to cater to the growing demands of the cryptocurrency market. BNB initially operated on the Ethereum blockchain as an ERC-20 token before migrating to Binance's own blockchain, Binance Chain. This shift enabled faster transactions and more diverse use cases, such as token swaps and participation in token sales hosted on the Binance platform.
The BNB Token Sale
BNB's token sale, often referred to as an Initial Coin Offering (ICO), was conducted in 2017. The ICO was a significant event in the cryptocurrency sector and played a crucial role in funding the development and expansion of the Binance ecosystem. The success of the ICO highlighted the market's confidence in Binance and its vision for BNB.
The Launch of Binance Chain and BNB
The launch of Binance Chain, accompanied by the migration of BNB from Ethereum to its native blockchain, marked a pivotal moment for BNB. This transition was not only a technical achievement but also a strategic move to diversify and enhance the functionalities offered to BNB holders.
BNB Today
Currently, BNB is not just a utility token for the Binance exchange but a foundational element of the larger Binance ecosystem, which includes Binance Smart Chain (BSC), a parallel blockchain facilitating smart contract functionality and decentralized applications (dApps). BNB's use cases have expanded to include transaction fee payments, token purchases, and participation in exclusive token events on Binance.
The platform's focus on innovation, security, and user experience has solidified BNB's position as a leading cryptocurrency. Its integration into various sectors, including decentralized finance (DeFi) and non-fungible tokens (NFTs), has broadened its appeal and utility.
Conclusion
BNB represents a significant development in the cryptocurrency landscape, particularly in enhancing the functionality and efficiency of digital asset trading and blockchain applications. Its evolution from a trading fee discount token to a cornerstone of the Binance ecosystem highlights its adaptability and the company's commitment to innovation. With ongoing developments and increasing adoption, BNB continues to play a critical role in the cryptocurrency market and the broader blockchain industry. #BNB #binance #Cz