Here are five things in technology that happened this past week and how they affect your business. Did you miss them?
1 — Bitcoin jolted by regulation worries, tumbles 11% on extended sell-off
Bitcoin plummeted below $10,000 this week, half what it was worth at its peak, because investors are afraid regulators might clamp down on the volatile cryptocurrency. The price of bitcoin, the world’s biggest and best-known cryptocurrency, fell to as low as $9,500 on the Luxembourg-based Bitstamp exchange, the lowest since December 1.
Why this is important for your business:
As I write this – and for all I know – Bitcoin may have doubled in value. But that’s the point. Digital currencies are absolutely the future and if you’re running a small business you need to pay close attention as to when you’ll start accepting these in some form. But, given the extreme volatility of these assets that time is still far in the future.