Samuel Reed, CTO of HDR GlobalTrading, stated, "The potential of cryptocurrency has always energized ourcompany. Our donation into research and development is about ensuring that thenetwork is more robust. A stronger Bitcoin network will be beneficial to all,and we are very excited to be able to aid in its progress.”

The CTO was excited about theircontribution towards MIT's Digital Currency Initiative with goals streamlinedtowards digital currency initiatives.

The purpose of the initiative is tocreate a future where moving the value across the internet becomes as efficientas moving information.

A recent publication stated that investorsthink that the price of the Bitcoin will touch USD 2021, after which comparethe value of cryptocurrency in terms of USD will not any longer be the norm.The currencies issued by the Central Bank will not be used to run the economyany longer. On average people will beholding 0.001 to 0.003 BTC. Thepublication also stated that about 19 million Bitcoin would be in circulation.

If the predictions in the publicationshould become true, the price of the Bitcoin will touch $100,000 the end of2019. This means a growth of ~1010% overthe next seven months. The price went upfrom $1,320 through $19,200. This is a~1300% in 7 months. It is only forreality to unfold the facts.

As the price of the Bitcoin rises, ameeting in South Korea is focused on watching the Bitcoin market veryclosely. This is meant to protect theinvestors in cases where the market should overheat. The institutions keeping a close watch inthe market will co-operate with the law enforcement authorities.

Several retail and e-commerce marketplaces are accepting cryptocurrencies as a mode of payment. There have been several pilot projects wherecryptocurrency has been recognized as a payment method. There have been many who have succeeded, andthere have been others who have failed. The numbers of e-commerce sites, however, keep growing.

Financialregulators from across the world are putting cryptocurrency exchanges under themicroscope for their licenses. Operating with a license is a must forcryptocurrency exchanges. Recently,CoinBene was put under regulatory scrutiny as it was unveiled that the exchangewas employing freelance cryptocurrency traders to execute trades on theirbehalf.

A recent tweet from the companyread: “We received numerous inquiries regarding our allegedhiring in Germany, But CoinBene is not planning to open any office nor hiringany representative in Germany. Nonetheless, we would like to thank those whoactively reached out to us for your concern and understanding.”