Largest US digital asset exchange argues current oversight too fragmented following spat with SEC

Renowned short-seller Jim Chanos, founder of Kynikos Associates, is what you might call the “ever-bear” of China. For more than a decade, he has warned that the country was building a real estate-driven economy on a feeble house of cards.

One revolutionary consequence of the expansion of digital technologies is their ability to change the fabric of capitalism: As they harvest enormous amounts of data, “Big Tech” firms are becoming more like banks. For instance, if the traces left by our individual pathways as we navigate the internet reveal more about our ability to repay than our credit score, then chances are that Big Tech firms will be tomorrow’s lenders. The information revolution occurring these days is a revolution of the financial system.

The story of how a low-cost means of investment democratised finance and perhaps even changed capitalism