Bitcoin Continues Downward Spiral Plunges Below 200

first_img Growing a business sometimes requires thinking outside the box. Register Now » Bitcoin continues to kick off the new year on an appalling note. Just two weeks after being named the worst-performing currency of 2014 — and only a day after opening statements took place in the trial of the Silk Road’s alleged creator — the virtual currency has plummeted below the $200 mark. It fell with a consumer confidence-shaking thud to a low of $170.08 early this morning, down from around $244 one day earlier, nosediving by 30 percent.  Related: NYC Wants Drivers to Pay For Parking Tickets Via Apple Pay, Mobile Apps and BitcoinThe price of the rapidly declining cryptochash is now inching back toward $200, hovering around $194 at press time, per the CoinDesk Bitcoin Price Index. Bitcoin’s value hasn’t dipped below $200 since October 2013. It peaked at $1,130 in December 2013, a record high for the 4-year-old digital currency.    Meanwhile, global Bitcoin exchange trading volumes — mainly sell orders — spiked amid the price crash, tripling in the number of trades per minute, according to Bitcoinity.Related: New York Regulator Lays Out Tweaks to Bitcoin RulesThe Bitcoin price freefall, along with increased mining difficulty, this week spurred Bitcoin cloud mining company CEX.IO to temporarily halt its services. “Suspension of CEX.IO cloud mining service is only a forced temporary measure, the result of cloud mining costs exceeding mining profit,” the startup stated in a Jan. 12 announcement. A CEX.IO representative told CoinDesk that the firm would only resume mining operations if the price of the virtual currency rises above $320. In the meantime, CEX.IO says it will continue operating its exchange platform.Related: Microsoft Is Now the Largest Company in the World to Accept Bitcoin  Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Globalcenter_img January 14, 2015 2 min readlast_img read more

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The Sharing Economy Is More than a Buzzword Its Changing How We

first_img This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. 3 min read Uber seems to be in every other headline of tech and business news, but just how pervasive is the sharing economy outside of tech blogs and the minds of business journalists?Very. Companies such as Uber and Airbnb are fundamentally changing the way we live and work in the U.S., according to a new report out this week.Forty-five million adults in the U.S., or more than one in five people, have worked in the sharing economy, according to the report developed jointly by Burson-Marsteller, a global strategic communications and public relations firm; The Aspen Institute’s Future of Work Initiative; and TIME. The survey, consisting of 3,000 online interviews of American adults, was conducted by research firm Penn Schoen Berland between Nov. 16 and 25.Twice the number of Americans that have worked in the sharing economy have used services provided by sharing-economy companies. More than 86 million adults in the U.S., or more than two in five people, have used sharing-economy services, according to the report.The sharing economy, also sometimes called the “on-demand” economy, includes those companies that use technology to identify excess or otherwise underutilized goods or services and matches them with people who are looking for those services. Uber and Airbnb are virtually household names in much of the country, but there are countless other smaller sharing-economy businesses. For example, Postmates is an on-demand delivery service, Taskrabbit is an online marketplace for micro jobs, and car2go is a car-sharing company.Related: What You Need to Know to Compete With the Surging Sharing Economy“With nearly a quarter of Americans already working in the On-Demand Economy, and more than a third buying its services, it is clear the sector is playing a major role in the growth and direction of the United States,” said Donald A. Baer, the CEO of Burson-Marsteller, in a statement accompanying the release of the report.   Even as the sharing economy is booming, the industry as a whole has some pretty big issues to work out. For example, 72 percent of survey respondents who work in the sharing economy think they should receive more benefits from their employers.Employee benefits have been a major issue for Uber of late. A lawsuit against Uber claims that drivers for the tech giant are not contract workers, but employees. Contractors are not due benefits, but employees are. If Uber were to have to start providing benefits to all of the drivers on its platform, that would be a game-changing expense that could potentially curtail the explosive growth of the company.  Related: General Motors Partners With Lyft to Develop Network of Self-Driving Cars January 7, 2016center_img Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now Enroll Now for Freelast_img read more

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