Richard Teng, the new CEO of Binance, responded to community members' concerns about whether Binance can afford the penalties in the settlement agreement, stating, "Binance's financial situation is very good, and our business foundation is very solid. We have been profitable almost from day one and have remained profitable since then.In terms of trading volume, we are still the largest cryptocurrency exchange in the world. US regulators have not claimed that Binance has misappropriated any user funds. User funds are supported 1:1, and users can choose to withdraw 100% of their funds at any time. Binance has more registered users than ever before, currently reaching 166 million.These fines are not a problem. We will continue to move forward, our expenses are reasonable, but our profits and revenue are strong."
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Binance’s new CEO Richard Teng: Binance’s financial situation is very good and fines are not a problem
-
Wechat scan to share
Recommended for you
-
Vivek Ramaswamy X's account was hacked, and the cooperation with USUAL was fake news
Vivek Ramaswamy, who co-leads the US government efficiency department with Musk, confirmed that his X account was hacked and false news about cooperation with USUAL was previously released. -
Binance Alpha announces first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT
according to official sources, Binance Alpha has announced its first batch of projects, which are: KOMA, Cheems, APX, ai16z, and AIXBT. -
ZachXBT: X platform account leakage may be related to the lack of 2FA security measures
blockchain detective ZachXBT wrote: "Recently, there have been many account leak incidents on X platform. I suspect that these accounts did not use secure keys or identity verification programs for 2FA." -
South Korea's Constitutional Court will hold its first hearing on the impeachment case of Yoon Seok-yeol on December 27
a spokesperson for the South Korean Constitutional Court stated that the court will hold its first hearing on the impeachment case of Yoon Seok-yeol on December 27th. (Jinshi) -
FASB's fair value accounting standard for Bitcoin officially takes effect today
On December 16th, according to The Bitcoin Historian, an editor at Bitcoin Magazine, the fair value accounting standards for Bitcoin by the Financial Accounting Standards Board (FASB) officially took effect. Previously, companies could only measure their held Bitcoin assets by historical cost and could not reflect their market value growth. The new standard allows companies to use fair value measurement methods to more accurately reflect the actual value of their Bitcoin assets, which will reduce accounting barriers for companies to include Bitcoin on their balance sheets. MicroStrategy founder Michael Saylor previously stated that FASB has officially passed fair value accounting rules for Bitcoin, which will apply to fiscal years beginning after December 15, 2024. This improvement will encourage companies to adopt Bitcoin as a reserve asset. -
Musk's lawyer accused the SEC of improper investigation of Musk and his affiliated companies and demanded that the source of the instructions be made public
On December 13th, Musk tweeted, "Gary Gensler, how could you do this to me?" along with a screenshot of an email from Musk's lawyer to Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC). The email, sent by Quinn Emanuel law firm on behalf of Musk, strongly criticized the SEC's improper investigation of Musk and his affiliated companies. SEC commissioners have issued a final ultimatum to Musk to accept a settlement within 48 hours, or face multiple charges, claiming that this action was taken based on instructions from superiors. At the same time, the letter mentioned that the SEC has reopened its investigation into Neuralink, a company owned by Musk, indicating that the SEC's actions have gone beyond seeking the truth and instead are targeted behavior based on improper motives. -
The market value of the meme coin related to the murder suspect of the US insurance giant CEO has risen to 77 million US dollars
DL News, the suspect in the murder of UnitedHealthcare CEO Brian Thompson has attracted the attention of cryptocurrency users. After the insurance executive was murdered on December 4 and a large-scale search operation was launched by the police, bettors on the Polymarket cryptocurrency prediction platform invested $500,000. At the same time, the price of Meme coin related to the details of the search operation skyrocketed. A Meme coin named after the criminal suspect Luigi Mangione's name soared to a market value of $77 million, then fell to about $17 million (currently rising to $20.7 million). DL News stated that this Meme coin surge highlights the dark side of Meme culture. -
Poland arrests former CEO of Russian CEX WEX and will extradite him to the US
On December 9th, according to Reuters and Polish media Rzeczpospolita, Polish authorities arrested Dmitry V, former CEO of Russian cryptocurrency exchange WEX, in the center of Warsaw. He is accused of fraud and money laundering during his time managing WEX, which collapsed in 2018. -
Binance: Bitcoin miners record longest streak of net selling since 2017
Binance released its market insights for July, including:
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments