Technology

In crypto, it’s exactly the opposite, Bankman-Fried pointed out during our conversation. Exchanges are the biggest, the deepest-pocketed and among the most influential crypto firms operating today. In part, that’s because bitcoin and ethereum aren’t firms. In part, it’s because of crypto’s immaturity: speculating on the speculative activity of others is the only use case
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“This is another instance of friction between the decentralized and immutable technology of blockchain and the tightly controlled, centralized government of China,” said Matthew Graham, CEO of blockchain investment firm Sino Global Capital. “We should expect additional problems like these in the future as blockchain is integrated further into the Chinese economy and daily life.”
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