Duncan Riley
Latest from Duncan Riley
Photography community 500px, Inc., has raised $13 million Series B in a round led by Visual China Group that included previous investors Andreessen Horowitz, Harrison Metal, and ff Venture Capital. Founded in 2009, 500px is both a photo community where photographers can …
Microsoft posts record loss off Nokia debacle, but there were silver linings in cloud services
Microsoft Corp. has reported a record quarterly loss for their financial fourth quarter off the back of the write down of their mobile phone business, but still delivered some positives in terms of revenue growth among many divisions, including their cloud offerings. …
SE Asia and Africa-focused Bitcoin startup BitX raises $4m Series A
South East Asia and Africa-focused Bitcoin startup BitX has raised $4 million Series A in a round led by South Africa’s Naspers Group through their payments subsidiary PayU, that also included existing investor Digital Currency Group. Founded in 2013, BitX provides a …
Seriously clever: Philippines’ Coins.ph uses Bitcoin in new service to deliver easy to use P2P cash transfers
A new service from Philippine Bitcoin startup Coins.ph allows users to transfer money to other users without the need to have a bank account. Called “Teller”, the system works by utilizing Coins.ph accounts and retailers who currently accept Bitcoin payments via the …
Report: YouTube’s planned paid subscription service has failed to land any TV content
Google, Inc.’s online video service YouTube is having problems with its planned paid subscription service, with the site said to have failed to land any content from television networks. The service, first mooted back in March, is aiming to follow in the …
IBM Q2 revenue down 13% as Big Blue’s legacy business struggles but cloud grows
International Business Machines Corp. delivered a mixed bag of second quarter results Monday with the company beating market expectations on earnings per share off the back of strong growth in its cloud business, while the rest of its legacy business continued to …
Ashley Madison users to be screwed in new ways as site hacked, user details may be released
Online extramarital affairs hookup site Ashley Madison has been hacked and users may get screwed in entirely new ways, with the hackers appearing to have obtained details of some, if not all users of the site. According to KrebsOnSecurity, large caches of …
Kraken reduces Bitcoin trading fees with new liquidity encouraging maker taker fee model
Bitcoin exchange Kraken (Payward, Inc.) has announced a reduction in Bitcoin trading fees, along with a new model that rewards its users who provide liquidity to the exchange with even bigger savings, which they call a “maker taker” model. The company announced …
Deloitte joins Australian cryptocurrency group to work on Bitcoin accounting standards
Top four global accounting group Deloitte Touche Tohmatsu Ltd. (Deloitte) has joined the Australian Digital Currency Commerce Association (ADCCA,) the peak industry group representing digital currency traders in Australia. According to iTnews, Deloitte is planning to participate in ADCCA through a working …
Singapore-based Bitcoin exchange Coin Republic said to be in acquisition talks
Singapore-based Bitcoin exchange Coin Republic (Rapid Net Profits Lte.) is reported to be in acquisition talks, according to one report local time Monday. Deal Street Asia claims “an executive familiar with the cryptocurrency sector” is saying that the company is in talks …