Quantcast
CRYPTO NEWS AROUND THE GLOBE
Hong Kong fraud probe tests city’s pro-crypto stance | Financial Times
Crypto giant Binance sells Russian business to CommEX
Crypto: Qwarks raises €800,000
Bernard Arnault et sa succession par un Pro-Bitcoin : Quel impact sur le marché Crypto ?
Cryptos : Galaxy Digital mise à son tour sur l'Europe
Crypto : Binance lance une contre-offensive contre la SEC
Ces institutionnels achètent la dette FTX dans l’espoir d’avoir des cryptos à prix cassé
Wall Street’s token crypto gesture
Mike Novogratz’s Galaxy Digital targets Europe for crypto expansion
Crypto Companies Are Looking Outside the U.S. for Growth
Le Crypto Daily : Attention, les hacks crypto fusent de partout !
L'Inde à la pointe de l'utilisation de la blockchain dans le monde
Le White Paper de Bitcoin interdit de cité au Royaume-Uni ? Faketoshi fait des siennes
Nana Murugesan (Coinbase) : “Nous voulons devenir leader en Europe”
Ex-Crypto CEO Caught Up in Partying Claims at Bitcoin Conference
Surprise ‘Flip’ Primes Bitcoin For A Tesla And Elon Musk Bombshell That Could Cause Crypto Price Chaos
Discord crypto trading bot shuts down after ‘critical exploit’
Les options crypto : Le futur du trading ?
Les Etats-Unis maintiennent une pression maximale sur la crypto industrie
EXCLUSIF. Binance travaille activement au retour des “futures” en France
Nigeria crypto usage growing further, report says
FTX sues Sam Bankman-Fried’s parents over ‘misappropriated funds’
EXCLUSIF. Ledger Stax : ce fournisseur qui ralentit la production
Europe is ‘Eating America’s Lunch’: U.S. Held Back by Bitcoin ETF Paralysis - Decrypt
Adieu Bitcoin ! Cette crypto serait la nouvelle favorite de BlackRock
Cryptos : le fisc aura bientôt un oeil sur toutes les transactions
Data : Bubblemaps lève 3 millions d'euros
Citigroup Debuts Token Service in Latest Foray Into Digital Assets
Deutsche Bank se lance dans la conservation et la tokenisation d'actifs cryptos
The French Web3 Ecosystem - Axeleo Capital
All Crypto News Around The Globe

Binance CEO: 'Crypto is still at a very early stage of adoption'

Web3/Crypto
Webp richard teng
Richard Teng, CEO of Binance | Crypto Republique

Richard Teng, CEO of Binance, said that cryptocurrency is in the "early stage of adoption" globally, although major institutions are beginning to embrace blockchain and crypto agendas. Teng made his remarks during the opening speech of Binance Blockchain Week.

"Crypto is still at a very early stage of adoption, less than 10% globally," said Teng. "We are at the beginning of the journey. The institutions are now coming too. If you look at all the top 200 institutions around the world, everybody has a blockchain crypto agenda."

According to a report by Financial News London, in the first quarter of 2024, major hedge funds significantly increased their cryptocurrency holdings. For instance, Millennium Management invested approximately $2 billion in spot Bitcoin Exchange-Traded Funds (ETFs), while Schonfeld allocated around $500 million.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The report further indicates that over 50% of top U.S. hedge funds now own Bitcoin ETFs, reflecting a growing institutional confidence in crypto assets.

A separate report by Reuters states that as of October 1, 2024, the total cryptocurrency market capitalization reached $2.2 trillion, marking a substantial increase from $8.3 billion at the start of 2023.

Teng has been CEO of Binance since November 2023 and brings over 30 years of experience in financial services and regulation. Since joining Binance in August 2021, he has advanced the company's growth with a focus on compliance. Previously, he was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), Chief Regulatory Officer at Singapore Exchange (SGX), and Director of Corporate Finance at the Monetary Authority of Singapore.

Binance operates as a major global blockchain platform featuring the largest digital asset exchange by trading volume. The company offers a wide range of financial products and services and is known for its comprehensive ecosystem, which includes educational resources, research initiatives, charitable activities, and an NFT marketplace. According to its website, Binance supports users around the clock in 40 languages and prioritizes security and regulatory compliance to protect its users and contribute to the growth of the blockchain industry.

Organizations Included in this History
Binance
More News

UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval

The UK cryptocurrency market continues to pose challenges for exchanges as they adapt to stricter regulatory requirements. Cryptocurrency exchange Bitget recently relaunched its UK platform after halting services in May 2024 to comply with the UK Financial Conduct Authority’s (FCA) Financial Promotions regime. This relaunch reflects Bitget’s efforts to align with the FCA’s evolving standards, aimed at enhancing consumer protection in the digital asset space.

Nov 24, 2024

Italy backtracks on crypto tax hike amid investor pushback

The Italian government recently announced a plan to increase the capital gains tax on bitcoin and other cryptocurrencies from 26% to 42%. This proposal, part of broader fiscal measures to support election pledges and reduce Italy’s fiscal deficit, has raised concerns among cryptocurrency investors and industry leaders.

Nov 24, 2024

European banking authority issues new guidelines for crypto providers to comply with restrictive measures

On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

Nov 22, 2024

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

Nov 22, 2024

OpenAI chooses Paris as its new home base

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

Nov 20, 2024

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

Nov 20, 2024

Crypto Comments
Loading...

No comments available.

Trending
1

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

2

UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval

3

Italy backtracks on crypto tax hike amid investor pushback

4

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

5

OpenAI chooses Paris as its new home base