Sublime

In the middle was John Paulson. At the top was Steve Eisman.

CZ was Changpeng Zhao, CEO of the crypto exchange Binance. Born in Jiangsu province, he was raised, from adolescence, in Canada, and educated there, returning eventually to China, with Canadian citizenship. He’d run through some ordinary jobs on the fringes of high finance—including a stint as a developer at Bloomberg—before landing as the chief te

What happened next, in retrospect, seems faintly incredible. With no one left to argue with him, Sam threw the switch and let Modelbot rip. “We turned it on and it instantly started making us lots of money,” said Nishad. And then they finally found the $4 million worth of missing Ripple. First they figured out its travel itinerary: it had been sent

Fourth, this artificially expanded opportunity will favor general bigness and concentration in finance itself.

Michael Ovitz,

Back in the 1970s, the Bahamas had been slow to create regulations for the insurance industry, and had lost out on a massive potential economic opportunity when a booming reinsurance industry set itself up in Bermuda, whose regulators had moved more quickly. By remaining entirely dependent on cruise ship tourism, the Bahamas had paid a price and ru