China's Richest Man to Change Net Owners Worth About $ 90 Billion (44) Who is Zhao Changpeng? How much does Bitcoin earn?

Today, the names of the richest men in China are often "the flag of Xizhou Byeonmowang", and after months of hard work, the rich men in China are converted!

Tsai Jing announced on Weibo in the afternoon of the 30th that he had become the 10th richest person in the world, beating Zhong Suisuan President Nongfu Spring Zhong Suisuan with $ 90 billion worth $ 90 billion. of dollars. Oh my God.

The crowd was angry ... Who is Changpeng Zhao? Why is he so rich?

Why is he so rich?

In November of this year, "Forbes" magazine published a list of the richest people in China. The first is the chairman of Nongfu Spring, Zhong Suansui, with assets of 424.4 billion yuan. ByteDance founder Zhang Ming (382.5 billion yuan), founder of the Ningthe Times Zeng Yuqun (327.2 billion yuan) and founder of Tencent Ma Huateng (36.2 billion yuan) followed.

According to Caijing's report, insiders have indicated that the Binance cryptocurrency platform will be worth around US $ 300 billion and that developer Changpeng Zhao owns 30% of Binance.

According to this tally, Zhao Changpeng is currently worth $ 90 billion (equivalent to RMB 573.3 billion). This value means that Zhao Changpeng has become the richest man in China and is among the ten richest men in the world.

Who is Zhao Changfeng?

According to previous reports, Zhao Changpeng and Zhao Changpeng are Chinese Canadians with major influence in the cryptocurrency space, known as "CZ".

Born in Jiangsu in 1977, both parents are educators. His father was a schoolteacher and in the 1980s the family moved to Vancouver, Canada, where he studied.

Zhao Changfeng has been the head of the household since she was a teenager, working as a waitress at McDonald's and working late to work at a gas station.

After studying computer science at McGill University in Montreal, Changpeng Zhao traveled to Tokyo and New York. He first created a benchmark for the Tokyo Stock Exchange, then developed futures trading software for the Bloomberg Tradebook.

The 27-year-old lineup assistant has grown three times in less than two years and is responsible for managing large teams in New Jersey, London and Tokyo.

He left in 2005 and moved to Shanghai to set up his company, Fusion Systems (Fusion Information Technology Co., Ltd.). The company has established the fastest and most active brokerage firm for brokerage.

Then, in 2013, Changpeng Zhao heard about Bitcoin from a poker player and a venture capitalist. He started to participate in various cryptocurrency activities. He sold his house in Shanghai in 2014 and invested in Bitcoin for $ 600.

He later joined the Blockchain.info cryptocurrency wallet group and was responsible for development. He was also COO of OKCoin, the industry leader in fiat and digital services for less than a year.

In July 2017, Changpeng Zhao and his team created Binance, a digital currency company, paving the way for real money. Six months later, Binance has reached 6 million users, making it the world's largest cryptocurrency exchange and still the market leader to this day.

In February 2018, Forbes announced the first list of the most profitable digital services. Ripple founder Chris Larsen was initially available at a value of $ 7.5-8 billion, while Binance developer Changpeng Zhao came in third. 1.1 billion US dollar to 2 billion US dollar. , is the only Chinese person in the top 10 and has appeared on the cover of this issue of Forbes magazine.

Today, Binance has grown into the world's largest cryptocurrency exchange in the four years since its inception, with 3,000 employees worldwide and daily revenue of $ 76 billion more than ever. up to four major competitors together. According to insiders, in the current market, Binance could be worth as much as $ 300 billion.

Zhao Changpeng also started to think about the rich man in China.

The richest man's answer: no fixed measure is unnecessary

Unlike before, Changpeng Zhao announced today that if he sells 0.01% stake in the company for $ 1, the company will be worth $ 10,000. If you market trillions of tokens and sell one of them for $ 1 per person, you will have 1 trillion tokens. Unqualified measurement does not make sense.

When Forbes announced its first digital rich list in 2018, Changpeng Zhao responded to the list on his own platform: Not Just Me. Thanks to the generous Forbes team. "

Usually "Unplug the network cable" and fill the green onions.

The richest man in China disagrees.

Chinese netizens' reaction to Zhao Changfeng to become a rich man in China is not as hot as in the past. Many Internet users respond that they see the Internet as a business in this comparison.

Binance was established in 2017. Shortly after launching the service, seven departments and boards, including the China Public Corporation, announced the “Protection Report”. China.

However, Binance's trip did not go well and on March 18, it received a warning from the Financial Services Agency of Japan and later announced it would move its headquarters from Japan to Malta. Binance has been reported by financial regulators in the UK, Germany, Japan, Malaysia, and other countries.

On September 24, 2021, 10 departments and directorates, including the central bank, pointed out that foreign exchange services provide services to Chinese people on the Internet. Nem is also a financial crime.

On October 13, Binance announced that it would remove the C2C CNY market area from midnight to December 31 and identify users from mainland China. According to the report, if a user in China finds it, the account will go into "delete only" mode, and the user will only be able to perform tasks such as delete, delete, swap and delete.

However, there are still some users who found out that through a personal wallet they can access Binance and currency trading.

Binance trading is restricted in many countries, and it is not yet clear whether its value will reach $ 300 billion or not, but when Binance's virtual currency market fluctuates, it often "disconnects the network cable", but it does. there is nothing but "liquid air". ". never." "Our hearts.

On the evening of May 18 this year, the China Payment and Decision Making Association, the Financial Services Corporation and the Financial Institutions Association jointly announced that banks and payment companies should not engage in for-profit activities. . On the same day, the Ministry of Resource Conservation and Environmental Protection of the Inner Mongolia Development and Reform Commission announced a "Declaration of Receipt of Letters and Visits from Virtual Currency Mining Companies ". The “mining” virtual result project has been completed and closed.

The news has driven up the value of Bitcoin and other digital cryptocurrencies across the board, and Coinbase, the largest digital cryptocurrency exchange in the United States, fell today.

Regarding this, Coinbase said in the statement, “We have identified several issues with Coinbase and Coinbase Pro, and some features may not work properly. We are investigating these issues and will provide an update as soon as possible. he said.

In addition to Coinbase, “Binance”, another popular trading platform, also announced this morning that it should not be withdrawing crypto digital money.

Binance, the world's largest cryptocurrency exchange, has temporarily banned ETHereum due to network congestion. Binance.com announced that the marketing of all leveraged tokens except BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP and BNBDOWN has been halted and the registration and redemption of all leveraged tokens. lever have been abandoned. During the re-enrollment period, the period of suspension of enrollment and redemption will be notified separately.

Recently, an investor reported to the media on the profitable Binance digital trading platform that the market must be controlled by the platform and cannot be accessed in the account. One million dollars.

The trader said on the afternoon of April 18 that the digital currency market, particularly in which he invested in Binance, clearly lags behind the same type of trading platform and is priced lower. .

At the same time, when the price drops, you cannot access your account, add interest, or close transactions on time, and you suffer serious damage.

The trader also said that the assumption that the trading platform is aware of the liquidation rate, quickly reduces the price to liquidate it, and quickly withdraws the price, commonly known in the market as "pin." . At the same time, in order to prevent customers from being quickly compromised, “network cable withdrawal” operations, ie access to the account, are restricted.

In fact, Binance has faced user protection rights for many years due to a number of issues, including the Binance cross-warehouse issue, which led victims to owe money to Binance. , to hijack 107 bitcoins by foreign users and to many Binance smart chains. the project took place. 21 million incidents of Bitcoin data compression, malicious liquidation of contractual transactions caused by disconnection of network cables, etc. are countless.

Think about why our country wants to ban virtual money, as netizens say, and play with the bubble after the rich who don't care about food and drink. You may have drowned.