Stocks look set to end brutal week with more steep losses: Stock market news today

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Stocks were set to continue an August swoon on Friday.

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.On this week's episode of The Crypto Mile, our host Brian McGleenon spoke with Jameson Lopp, a Bitcoin expert and co-founder of the digital asset security firm, Casa. The conversation centred on the longstanding concerns about the concentration of Bitcoin's mining hashrate within China.

Lopp discussed the potential risk of a "51% attack" if China gained control of over half the global mining power. He discussed the possibility of the Chinese government launching such an attack, which could effectively shut-down the Bitcoin network. -- Former Bank of Canada Governor Stephen Poloz says inflation is likely to cool faster than people are expecting, opening the door for lower interest rates.

 

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