ChainCatcher news, Binance CEO Richard Teng posted on X that the platform has 240 million registered users.

ChainCatcher news, Binance CEO Richard Teng posted on the X platform that the platform has 240 million registered users.

ChainCatcher news, according to Fortune, Binance CEO Richard Teng stated at the Singapore Insights Forum that although Asia has driven much of the growth in the financial system, Western companies will still be the main beneficiaries. Teng pointed out that Western companies, with their scale and influence over regulatory frameworks, will dominate in seizing growth opportunities. He called on policymakers to ensure that local competitors have a fair chance and to allow for broader experimentation.According to a Deloitte report, digital wallet spending in the Asia-Pacific region reached $9.8 trillion in 2023, accounting for two-thirds of global total spending. Vincent Iswara, CEO of Indonesian mobile wallet company Dana, described the Asian payment sector as the "Wild West," lacking unified standards. The cautious attitude of regulators has driven the robust growth of e-wallets and digital banking in the Asia-Pacific region.Jessie Toh, Global CFO of Coda Payments, emphasized that mobile phones are key to financial inclusion and accessibility. She also noted that stablecoins are becoming increasingly popular in economies with currency volatility, providing users with tools to combat inflation and currency depreciation. Teng added that the growth of stablecoins outside the United States is driven by the demand from residents of low-income countries, with young consumers using them as a way to protect funds and for low-cost transfers. Stablecoins also enable countries to gradually move away from the U.S.-dominated financial system.

ChainCatcher news, Binance CEO Richard Teng posted on the X platform: "We are deeply relieved and grateful that Tigran Gambaryan has finally been released after being detained in Nigeria for nearly eight months. During this difficult time, Tigran has shown tremendous strength, and we commend his resilience in such severe adversity. We are very thankful to everyone who has dedicated countless hours to support Tigran's release. Tigran's health and well-being remain our top priority, and we are glad that he can now receive the urgent medical care and rest he needs with his family. Binance remains committed to working with global regulators to ensure compliance and transparency in the ever-evolving digital asset space. We look forward to putting this incident behind us and continuing our efforts to create a brighter future for the global blockchain industry. Nigeria has a young, tech-savvy population with a strong interest in digital finance, fully capable of leveraging blockchain technology to address economic and social challenges. We look forward to playing a constructive role in this endeavor."Previous news from yesterday, according to DL News, Nigerian prosecutors withdrew criminal charges against Binance executive Tigran Gambaryan on Wednesday; Tigran Gambaryan has been detained in the African country since February.

ChainCatcher news, Binance CEO Richard Teng clarified the Launchpool project quota mechanism in a post on social platform X.Teng emphasized that the project quotas in Launchpool are strictly for Binance users, and Binance will not profit from them. To protect user interests, Binance has implemented strict control measures, including setting a maximum token holding limit for each Launchpool and Pre-Market user.In addition, Binance has established a rigorous token review process and has a dedicated market monitoring team. Teng stated that these measures aim to allow projects to reach users widely while providing protection, and Binance will continue to improve its products to meet user needs.

ChainCatcher news, Binance CEO Richard Teng announced on the X platform that Binance Kazakhstan has become the first digital asset platform in Kazakhstan to obtain full DATF licensing.

ChainCatcher news, according to Bloomberg, Binance's former leader and co-founder Changpeng Zhao (CZ) has been released two days earlier than originally planned.A spokesperson for the Federal Bureau of Prisons declined to provide specific information regarding CZ's release.The U.S. Department of Justice had requested to extend CZ's sentence to 36 months, as they accused CZ of willfully violating the law for the benefit of the company and himself. On the other hand, CZ's lawyer stated that CZ has taken responsibility and "deeply regrets" his crimes, requesting the court to impose probation.

ChainCatcher news, Binance CEO Richard Teng posted on the X platform that in early September, Binance's total historical trading volume had surpassed 100 trillion USD.

ChainCatcher news, Binance CEO Richard Teng stated that his team has been "working day and night" to bring back the detained executive Tigran Gambaryan from Nigeria to the United States, as his health is deteriorating. "We have repeatedly called on the Nigerian government to release Tigran so that he can go home and receive the proper treatment he needs."Teng hopes that the U.S. can designate Gambaryan as unlawfully detained to expedite the process. He added that Binance is also trying to appeal to the Nigerian government to release Tigran on humanitarian grounds. He also mentioned that since being detained in Nigeria, Gambaryan has contracted malaria and pneumonia twice. His worsening health condition even caused him to faint suddenly during a court appearance in May.

ChainCatcher news, according to Cointelegraph, Binance CEO Richard Teng stated that his team has been "working day and night" to bring back the detained executive Tigran Gambaryan from Nigeria, as his health is deteriorating. "We have repeatedly called on the Nigerian government to release Tigran so that he can go home and receive the proper treatment he needs.""There is no need to detain our employee. He has been unjustly and unfairly imprisoned," Teng said at the TOKEN2049 conference held in Singapore on September 19."This is painful for all of us," he said, "especially for his family. For Binance, this is our top priority. We have an internal task force working around the clock to explore different avenues, from legal to political, to help Tigran return home."Teng hopes that the U.S. can designate Gambaryan as unlawfully detained to expedite the process. He added that Binance is also trying to appeal to the Nigerian government to release Tigran on humanitarian grounds.He also mentioned that since being detained in Nigeria, Gambaryan has contracted malaria and pneumonia twice. His worsening health condition even caused him to faint suddenly during a court appearance in May.

ChainCatcher news, Binance CEO Richard Teng commented on the expectations of interest rate cuts, stating, "We expect that the expectations of interest rate cuts will have a significant impact on the prices of crypto assets. Lower interest rates enhance the liquidity of the financial system, thereby boosting the demand for high-yield, high-risk assets, including cryptocurrencies. For example, from February 2020 to February 2022, when interest rates were near zero, the price of Bitcoin increased by 375%.Lower interest rates may raise concerns about inflation, prompting some investors to turn to cryptocurrencies to protect their purchasing power; low rates may also weaken the dollar, leading more investors to view crypto assets as an alternative store of value. Bitcoin and other crypto assets have unique characteristics that may influence their prospects during periods of interest rate cuts. One key factor to consider is the recent Bitcoin halving, as historically, price increases have generally occurred 6-18 months after similar events. The launch of spot ETFs could also facilitate easier transitions between stocks and cryptocurrencies, allowing the liquidity growth brought by interest rate cuts to flow into the crypto market.Moreover, while September is typically a weak month for crypto assets, prices usually begin to rebound in October, and the expectations of interest rate cuts may provide additional momentum as prices recover. The impact of the Federal Reserve's interest rate cuts on the crypto asset market remains uncertain, but several indicators suggest that the policy changes in September may be timely for cryptocurrency investors. Lower borrowing costs and increased liquidity present a hopeful outlook for crypto assets. Historical trends and unique cryptocurrency-specific variables further enhance optimism that these policy changes could foster growth."

ChainCatcher news, according to Axios, Binance's current CEO Richard Teng confirmed that former CEO Zhao Changpeng (CZ) is permanently banned from managing or operating the company. According to an agreement with the U.S. Department of Justice (DOJ), Zhao Changpeng will be prohibited from participating in the company's daily operations after completing his imprisonment on September 29, 2024.However, as the largest shareholder, Zhao Changpeng retains all shareholder rights and will continue to have significant influence over the company. Teng stated, "If the company's performance does not meet expectations, as an investor, he has the right to replace or nominate new board members or a CEO, and shareholders can propose resolutions at any time."

ChainCatcher news, according to Cointelegraph, Binance CEO Richard Teng stated that Zhao Changpeng is permanently banned from managing or operating the exchange, rather than just for three years as previously reported by many news outlets.

ChainCatcher news, Binance CEO Richard Teng made a strong statement regarding the trial of company executives in a Nigerian court. Teng stated in the statement: "This inhumane treatment of Tigran must end. He should be allowed to return home for medical treatment and to reunite with his family."Previous news, according to DL News, ailing Binance executive Tigran Gambaryan pleaded with a Nigerian judge on Monday to allow him to undergo back surgery due to his herniated disc.

ChainCatcher message, which was previously reported to be released on September 29, 2024. Now, there are only about 4 weeks left until CZ's release.

ChainCatcher news, Binance CEO Richard Teng stated in the official Binance blog that former U.S. federal agent Tigran Gambaryan's physical and mental health has rapidly deteriorated after being detained in Nigeria for six months. Currently, Tigran is suffering from severe pain due to a herniated disc and is unable to walk, but the Nigerian government refuses to provide him with adequate medical services, including basic needs such as a wheelchair. The Nigerian government should not continue to detain Tigran based on unfounded accusations, and there is no need to imprison innocent employees to hold them accountable for any allegations against Binance.Richard also stated, "Tigran, as a U.S. citizen, should not be subjected to such unjust treatment. I sincerely hope that the U.S. government and relevant political institutions can exert their influence to bring Tigran home as soon as possible so that he can receive proper treatment and reunite with his family." He added, "Once these issues are resolved, we hope to collaborate with the Nigerian government to support the development of the Web3 industry, create more opportunities for its young and talented workforce, and attract more international investment opportunities."

ChainCatcher message, Binance CEO Richard Teng once again stated that the company's employee Tigran has suffered severe physical and mental deterioration after being unjustly detained in Nigeria for six months. The Nigerian government has refused to provide adequate medical care and has prevented him from meeting with legal counsel. Richard Teng calls for the U.S. government to intervene and hopes that the voices of global citizens can urge the Nigerian government to release Tigran.

ChainCatcher news, according to CoinDesk, Binance CEO Richard Teng urged the Nigerian government to release detained American executive Tigran Gambaryan.Gambaryan has been held in Nigeria since February, facing charges of money laundering. His health has severely deteriorated, suffering from malaria, double pneumonia, and other complications, and he is even unable to walk. Teng stated that Gambaryan urgently needs medical treatment, with the primary goal being to ensure his safe return home.Gambaryan previously traveled to Nigeria voluntarily at the invitation of the Nigerian government but was subsequently accused of money laundering and imprisoned in the notorious Kuje prison.

ChainCatcher news, Binance CEO Richard Teng has focused on transitioning the company from founder-led to board-led since taking over last year. He has made it clear that Binance's current financial situation is stable and there are no plans for an IPO.Teng emphasized that the company is strengthening its relationships with global regulators to ensure sustainable development for the next 50 to 100 years. Despite the former CEO CZ being sentenced for violating U.S. laws and stepping down from company management, Binance's co-founder He Yi still plays an important role in the management team. Currently, Binance does not plan to expand into the U.S. market but is focusing on business development in the global market.