The price of bitcoin is back below $7,000 and trading at its lowest price since Feb. 7.
According to CoinDesk’s , the world’s largest cryptocurrency is changing hands at $6,700, a move that follows its steady decline from around $8,000 since the start of the Mar. 29 trading session, a 15 percent dip within a day.
Stepping back, that price puts bitcoin at a 51-day low, down 42 percent from its recent high at $11,660 on Mar. 5, and 60 percent from its 2018 high of $17,144 observed on Jan. 7.
However, the 2018 low of bitcoin still remains at $5,947 on Feb. 6, according to CoinDesk’s data.
Still, bitcoin’s drop also follows a broader market decline.
Data from CoinMarketCap the market capitalization of all cryptocurrencies is now at a three-month low of $256 billion, a 70 percent decline since its 2018 high above $800 billion in early January.
Indeed, the top 20 tokens are all showing a 10 to 20 percent sell-off within the last 24 hours.
As reported before, the second to fourth largest cryptocurrencies by volume – ethereum, ripple and bitcoin cash – all hit 2018 low. Earlier in today’s trading session, the price of ethereum also below $400, the first time since November last year.
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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Public & Private Blockchains for Business. Ethereum vs. Hyperledger Fabric [New York] 1-Day Instructor-led Classroom Training for Non-Technical Experts and Business Development Experts NOTE: We are gathering the group for the training and can consider alternative […]
, better known as SPH, takes business networking to the next level using the innovation of virtual reality (VR) and blockchain technologies.
[Note: This is a press release.]
You’re probably familiar with LinkedIn, if not, it’s a site where professionals can connect & network with each other through a website and mobile app. These current web and mobile app based services are fast becoming hard to use and outdated. SPH brings new life and excitement to the world of “Business Networking”, incorporating distributed technology that brings people closer together than ever before.
The improvements come from utilizing the three leading technologies in computer science: VR; Blockchain and Artificial Intelligence. Let’s take a more in depth look at how these breakthrough technologies aid in improving coordination, leading to increased productivity and time savings for businesses and everyday life.
Virtual Reality (VR) Virtual Reality Becomes the New User Experience (UX)
demonstrates the power of a deeply immersive work space. No longer are you limited to the size of a computer screen or mobile phone. Now your entire field of vision is accessible and functional. Don’t worry about access to your legacy desktops and cell phones, you still have them right there in the virtual office space of your choice.
There’s no need to pull your cell phone out of your pocket, instead, you can instantly see your phone’s screen and resize it however you like in futuristic holographic representations right in virtual reality. The same goes with your desktop screen and even your team members computer screens. Instantly teleport over to your co-worker’s office to collaborate, even at the virtual beach.
SPH expands much further into the VR immersive user experience but we will first explain the foundation that will sit on, distributed ledger blockchain technology.
Blockchain Allows SPH to Progress Past a Simple Business Networking Project
The blockchain enables smart contracts to be created between parties. After negotiating a deal in the virtual world, users can close the deal with a “virtual hand shake” backed up by a smart contract running on the blockchain. Secure “per hour” payment plans can be set up in place between users.
User studies have shown “per hour” deals are the quickest to close and begin, Workers actually receive payment every hour, in real time, which aids in the workers’ confidence. Employers are protected through the collaborative UX and the reputation system. We will talk more about this in the artificial intelligence section.
Artificial/Virtual Intelligence (AI/VI)
A great thing about the blockchain is the ability to source it for data, collecting and analyzing this public data for future use. Sourcing data is key to creating a useful AI. A top SPH feature using AI is the VR hiring agent or what some people might call a VR head hunter. This is where users go through a more personal and immersive experience describing themselves and their ambitions to a virtual hiring agent who can aid in determining where they best fit into the digital work force.
The same process happens with employers. In the end, AI/VI algorithms are used to match employees and employers together and schedule interviews. AI is not used to do smart contracts between users. Users interact with each other in the virtual world and come to agreements. AI is used to save time and the human interaction is used to make final confirmations on business networking agreements.
For More Information
If you would like to learn more about SPH, visit the official website: .
Read the in depth technical or view the friendlier overview and demo videos. The ICO token sale is currently under way. It’s free to join the website. We strongly recommend joining the website since registration for the website will close 72 hours prior to the end of the ICO. Only previously registered members will be allowed to participate in the ICO during the last 72 hours.
