Duncan Riley
Latest from Duncan Riley
Uber to offer animal transport with new Uber Pet service
Uber Technologies Inc. today launched a new service in selected U.S. markets that will allow users to book vehicles that will also happily carry pets. Called Uber Pet, the service allows users to book a car that’s guaranteed to allow pets with a small additional surcharge of between $3 to $5 per trip. Currently, Uber ...
Zuckerberg to testify in Washington Oct. 24 as Libra partner calls for independence
Facebook Inc. Chief Executive Mark Zuckerberg is heading to Washington D.C. to testify before the House Financial Services Committee Oct. 23. Meanwhile, Vodafone Group Plc, a founding member of the Libra Association that’s overseeing Facebook’s cryptocurrency, is calling for it to be independent of the social network. Zuckerberg will be the sole witness at the hearing, ...
IRS publishes cryptocurrency guidance clarifying when taxes should be paid
The U.S. Internal Revenue Service today issued its first guidance on cryptocurrencies since 2014, clarifying when taxes should be paid on cryptocurrency transactions. Topping the list was tax liabilities created by cryptocurrency forks, where a cryptocurrency splits or a new group forks off from the original cryptocurrency giving existing holders free cryptocurrency in the process. ...
Flaw in D-Link routers opens the door to hackers but company won’t do anything
Routers from Taiwanese firm D-Link Corp. have a serious vulnerability that can allow hackers to steal data, but in unexpected twist, the company is doing nothing to address it. The vulnerability was detailed by security researchers at Fortinet Inc. Oct. 3, after D-Link was informed of the issue in September. The vulnerability, known as CVE-2019-16920, starts with a ...
Venture capital funding slows but still could pass $100B this year
Venture capital investments in tech companies are set to surpass $100 billion for the second straight year, but they’re slowing. That’s according to a third-quarter 2019 published by PitchBook-NVCA Venture Monitor today. Describing venture capital as still robust, the report states that “the overall climate of the VC ecosystem appears to have cooled slightly, but there ...
Postmates cites ‘market conditions’ in delay of initial public offering
Food delivery startup Postmates Inc. is delaying its initial public offering on concerns about “market conditions,” according to a report Tuesday from Recode Vox quoting people familiar with the matter. The “market conditions” referred to in the report are Wall Street investors having finally worked out that money-losing tech unicorns aren’t all the same, and if ...
Alliance including IBM and McAfee aims to make cybersecurity products interoperable
A new cybersecurity alliance of 14 leading companies launched today with a pledge to bring interoperability and data-sharing across cybersecurity products The Open Cybersecurity Alliance consortium, founded under the OASIS open standards and open source group, includes a raft of companies: IBM Corp., McAfee LLC, Advanced Cyber Security Corp., Corsa Techology Inc., CyberArk Software Ltd., ...
US blacklists 28 Chinese tech companies over alleged human rights violations
The U.S. government has blacklisted 28 Chinese tech companies for alleged human rights violations. The companies blacklisted primarily are involved in facial recognition and artificial intelligence. Some of the companies banned include Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co., as well as SenseTime Group Ltd., the world’s most valuable artificial intelligence startup, Bloomberg reported today. As ...
Iranian hackers target Trump 2020 re-election campaign
A hacking group tied to the Iranian government has been attempting to break into the re-election campaign of U.S. President Donald Trump. Detailed Friday by security researchers at Microsoft Corp. and linked directly to the Trump campaign by Reuters, the Phosphorus campaign was first detected in August. Those behind it made more than 2,700 attempts to identify consumer ...
PayPal leaves Facebook’s Libra cryptocurrency association
PayPal Holdings Inc. has become the first company to withdraw from Facebook Inc.’s Libra Association, the body set up to oversee the proposed cryptocurrency. Reports that major companies backing Libra were about to walk away over regulatory concerns was reported by The Wall Street Journal Oct. 1. Visa Inc. and MasterCard Inc. were two companies named as ...