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Crypto Republique News UOE
Data from DefiLlama, a decentralized finance data aggregator, reveals that Binance, the world's largest cryptocurrency exchange, saw inflows totaling approximately $1.5 billion in the week ending on Dec. 8. During this period, Binance's visible on-chain assets amounted to $74 billion, surpassing the combined total of the next thirty largest crypto exchanges.
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Richard Teng, the newly appointed CEO of Binance, expressed his belief that the cryptocurrency industry will face increased regulation in the future. Teng made these remarks during an X Spaces event on Dec. 1. He perceives this trend as a positive development for the industry. A summary of Teng's discussion was shared by Binance, the world's largest crypto exchange, in a blog post dated Dec. 4.
Omid Malekan, an author and adjunct professor at Columbia Business School, said that rather than harming consumers like the failed crypto exchange FTX, Binance expanded financial inclusion to underserved communities. Malekan said in a Nov. 22 post on X that Binance was more successful than many traditional financial institutions in expanding financial services to include underprivileged people.
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Richard Teng, the new CEO of Binance, the largest cryptocurrency exchange in the world, published his first blog post on the company’s website since stepping into his new role. In the Nov. 27 post, Teng emphasized the importance of developing global regulations for the crypto industry. This move comes as part of his commitment to ensuring consumer protection and promoting innovation in the crypto space.
The Léonard de Vinci Centre has opened its new Institute of Crypto-Assets, which will support research related to blockchain technology and digital assets. The institute opened on Nov. 8 with a scientific board of eleven experts.
A survey conducted by France's Autorité des marchés financiers (AMF) found that more French people have invested in cryptocurrency that have invested in stocks or exchange-traded funds (ETFs). The survey results reflect the support the digital asset industry has received in France from government agencies and venture capitalists.
Chris Larsen, the co-founder and executive chairman of crypto exchange Ripple, has highlighted the negative impact of regulatory uncertainty on the digital asset industry. Larsen stated that this uncertainty has led to the migration of many innovators and thousands of jobs out of the United States and into other countries.