Fintech Law360 provides breaking news and analysis on financial technology. Coverage includes legal and regulatory developments in cryptocurrency such as bitcoin, initial coin offerings, electronic payment systems, peer-to-peer lending, algorithmic trading and many other aspects of this fast-evolving area of the law.
The former chief of New Jersey’s first federal cybercrimes unit is moving on to New York to help oversee the first-of-its-kind division charged with safeguarding the public and financial service industry from cyberthreats, officials announced Wednesday.
ETC Global Holdings Inc. asked a California federal court on Tuesday for a quick win in a case brought by software maker InteliClear LLC, saying trade secret laws don't protect InteliClear's program, and even if they did, ETC didn't steal the product's features.
TransferWise is now reportedly worth $3.5 billion thanks to its latest funding round, Lone Star Funds is getting ready to either sell or list Isaria Wohnbau AG, and Hudbay Minerals is getting ready to sell its stake in an Arizona copper mine.
Toronto-based Wealthsimple Inc., the developer of an online investing platform and commission-free trading app, has secured CA$100 million ($74.5 million) in a funding round led by Allianz X, the digital investment division of German insurance giant Allianz Group, the companies said Wednesday.
The operator of the trading platform Bitfinex and cryptocurrency company Tether Ltd. say the New York attorney general's case against them can't proceed because they don't sell securities or deal with New Yorkers.