Will Binance come over to the light side?
With FTX crushed, CZ must decide whether to go along with regulation
“The luke skywalker and the Darth Vader of crypto.” That is how Michael Lewis, author of “Going Infinite”, a recent book about the rise and fall of Sam Bankman-Fried, founder of ftx, a now-bankrupt crypto exchange, is supposed to have described the intense rivalry between his subject and Changpeng Zhao (pictured), the boss of Binance, a rival firm.
This article appeared in the Finance & economics section of the print edition under the headline “Rivals crushed”
Finance & economics October 21st 2023
- Israel turns to financial weapons as well as military ones
- China’s economy may be growing faster, but big problems remain
- China’s banks may be loaded up with hidden bad loans
- Will Binance come over to the light side?
- Why it is time to retire Dr Copper
- How free-market economics reshaped legal systems the world over
- Do Amazon and Google lock out competition?
From the October 21st 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Why your portfolio is less diversified than you might think
The most important idea in modern finance has become maddeningly hard to implement
Can Germany’s economy stage an unexpected recovery?
The situation is dire, but there are glimmers of hope
Giorgia Meloni has grand banking ambitions
Will Italy’s nationalist prime minister manage to concentrate financial power?
Tech tycoons have got the economics of AI wrong
Following DeepSeek’s breakthrough, the Jevons paradox provides less comfort than they imagine
Donald Trump’s economic warfare has a new front
The president has threatened to blow up the global tax system. Will allies be able to stop him?
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices