Blockchain has raised $40 million in Series B funding from a number of high-profile investors, including Lakestar, GV, and Richard Branson. The company plans to use the money for expansion as well as research and development.
Recently, Connecticut House Bill (HB) 07141, an Act Concerning Secured and Unsecured Lending, passed the state legislature. The proposed legislation would establish capital requirements for money transmitters dealing in virtual currency.
With the cryptocurrency market trending worldwide, scammers are also on the rise. As a result, it’s important to be aware of red flags and prevention measures in order to preserve confidence in the cryptocurrency market.
On June 8, the Terrorism and Illicit Finance Subcommittee heard testimony from public and private sector experts on the potential exploitation of virtual currency by bad actors. Education, additional investigative resources, and enhanced international cooperation are key to mitigating criminal finance that utilizes virtual currency.
The Abu Dhabi Securities Exchange (ADX), the first bourse in the Middle East and North Africa (MENA) region to utilize a blockchain system, recently hosted annual general meetings (AGM) for six listed companies using blockchain technology.