Crypto’s 2019 Goal: Technology People Can Use.
At the beginning of 2018, the question was whether bitcoin could live up to the hype of 2017s manic rally. At the end of 2018, the answer seems to be an emphatic no. After rising nearly 1,400% in 2017, bitcoin reversed hard in 2018, falling about 70% and erasing some $160 billion worth of value. The selloff exposed the budding cryptocurrency markets shaky footing. Despite the entry of some established Wall Street players, scammers abound and few tangible uses for bitcoin and its underlying blockchain technology have emerged.
Human Voice
Neural Voice
China Struggles to Limit Surging Corporate Debt.
Chinas bid to rein in surging levels of corporate debt has taken a back seat to propping up short-term growth, as trade tensions with the U.S. fuel investors fears over Beijings commitment to deleveraging the worlds Number 2 economy. Officials say cutting debt at domestic companies—in particular at bloated state-owned enterprises—is a national priority, required to shore up long-term economic and financial health.
Human Voice
Neural Voice
Investors on Edge After Stocks’ Biggest Yearly Loss Since 2008.
Stock investors are heading into the new year with a sense of wariness after contending with sharp reversals across much of the market in the fourth quarter. Technology shares that had soared in prior years retreated late in two thousand eighteen, hurt by worries about valuations and signs of slowing sales growth among industry giants such as Apple Inc. and Amazon dot com Inc. Energy shares slid with oil prices, while shares of trade-sensitive manufacturers and auto makers lost ground as Beijing and Washington fought over.