The second disappearance of the infamous ransomware group REvil earlier this week is being attributed to a multicountry law enforcement operation. The group, also known as Sodinokibi, first went offline in July at around the same time pressure was put on Russia to act on ransomware gangs operating in the country. It returned in September until once again going ...

Shares in Snap Inc. plunged in after-hours trading today after the social media company blamed Apple Inc. for missing expectations in its third-quarter earnings report. For the quarter ended Sept. 30, Snap reported revenue of $1.067 billion versus analysts’ forecast of $1.1 billion. The average revenue per user came in at $3.49, lower than the $3.67 ...

Application security management platform provider Tromzo Inc. today launched out of stealth mode to announce that it has raised $3.1 million in new funding to further its mission to eliminate friction between developers and security. Innovation Endeavors led the seed round. Also participating in the round were more than 25 leading chief information security officers, including ...

Zeno Technologies Inc. today unveiled a new cloud-based platform designed to assist energy companies, investors and partners to adapt and thrive in the face of new market realities in what it calls the “Production Era.” Zeno’s new Energy Operating System provides clarity to understand and improve business performance and provides insight to assess and pursue new ...

The price of bitcoin hit a new record high today amid increasing inflation in the U.S. and the successful debut of the bitcoin-linked ProShares Exchange Traded Fund the day before. Bitcoin peaked at $66,974.44 just before 11 a.m. EDT, up from around $64,000 the day before. Bitcoin’s previous record high came in April when it ...

PayPal Holdings Inc. is in talks to acquire visual bookmarking provider Pinterest Inc., according to multiple reports published today. CNBC, referencing a person familiar with the matter, claims the two companies are currently in late-stage talks. Bloomberg, which first reported the news, described PayPal as exploring a deal and that it had only recently approached Pinterest. ...

Artificial intelligence document processing startup Rossum today announced that it has raised $100 million in new funding to establish new hubs in the U.S., Europe and Asia. General Catalyst led the Series A round. Also participating in the round were LocalGlobe, Seedcamp, Miton and Elad Gil. Founded in 2017, Rossum offers an AI-powered universal document gateway designed to ...

Facebook Inc.’s long-awaited Novi digital wallet has launched into testing but with a major feature missing: support for Facebook’s Diem cryptocurrency. The pilot program is being run in the U.S. and Guatemala, except for those living in Alaska, Nevada, New York and the U.S. Virgin Islands. For now the program offers support only for USDP, ...

Republic, an investment platform for startups, announced today that it has raised $150 million in new funding to expand its geographic reach and develop new investment products. Valor Equity Partners led the Series B round. Also participating in the round were Galaxy Interactive, Motley Fool Ventures, HOF Capital, Tribe Capital, CoinFund, Pillar VC, Brevan Howard, ...

Israeli cybersecurity startup Valence Security has launched out of stealth mode with an announcement today that it has raised $7 million in funding. YL Ventures led the seed round. Also participating in the round were a number of security executives and serial entrepreneurs. Founded by cybersecurity veterans Yoni Shohet and Shlomi Matichin, Valence is pitching itself ...