It was one year ago that Bitcoin reached an intraday peak of almost $20,000. Since then, it’s been all downhill. The market value of all cryptocurrency assets have fallen to about $100 billion from about $800 billion at the start of the year. That looks bad, but if you look at the market’s fundamentals, 2018 gets a B+ grade. To ...

When you’re trying to build that tech dream, reality can really suck. Ofo Inc. founder Dai Wei apparently just discovered this, and the results were displeasing. His bike-rental company has immense cash flow problems and he’d even considered applying for bankruptcy, the Financial Times reported, citing a letter to employees. “For the whole of this year we’ve borne immense cash ...

Resisting unusual pressure from both politicians and notable market participants, Federal Reserve Chairman Jerome Powell and his colleagues on the Open Market Committee raised interest rates by 25 basis points and slowed the path for future hikes by less than markets hoped. In doing so, the central bank reaffirmed that its focus remains firmly domestic and economic. But markets’ reaction ...