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In a current tweet, Richard Teng, the Binance CEO, has addressed the worldwide cryptocurrency neighborhood relating to an essential difficulty that cryptocurrency is supposed to unravel.
Richard Teng sends new crypto message
As we speak, he engaged in a dialogue along with his X followers, speaking to them concerning the “freedom of cash.”
The idea of economic freedom and independence was launched by the mysterious Satoshi Nakamoto within the type of decentralized cryptocurrency Bitcoin. The objective was to permit customers to cut back the management of banks over their funds and have extra freedom from aggressive authorities interference.
Many commentators reacted to Teng’s message with supportive and inspiring statements, a few of them instantly mentioning the world’s preliminary and largest cryptocurrency — Bitcoin. Teng responded to a number of feedback, maintaining the dialog.
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Binance CEO publishes essential warning
A day earlier, the Binance chief govt issued an essential warning, urging crypto holders and traders to remain alert and keep away from falling for cryptocurrency scams and Ponzi schemes.
Teng shared 4 essential items of recommendation that may assist crypto customers keep away from falling sufferer to fraudsters within the nascent cryptocurrency sphere. The primary one stresses the significance of all the time conducting one’s personal analysis.
The second suggests it’s smart to keep away from accepting unsolicited gives. Teng tweeted that additionally it is essential to query all funding alternatives provided available on the market. Lastly, his tweet stated, customers should confirm earlier than trusting anybody who gives a straightforward funding to make fast earnings.
Richard Teng was appointed as Binance CEO in November 2023, when the platform’s cofounder and mastermind Changpeng Zhao (usually recognized simply as CZ) was compelled to step down from his place as Binance’s chief govt officer.
CZ was accused of permitting Binance to help with cash laundering actions and likewise of violating U.S. securities legal guidelines. The crypto change agreed to pay a multi-billion-dollar wonderful, with CZ resigning as one of many key circumstances. In 2024, CZ spent 4 months in a federal U.S. jail — between Might and October. Zhao is banned from ever once more operating Binance for the remainder of his life. He now retains an lively consulting function each at Binance and Binance Labs.