Ouster Inc., a startup building lidar sensors out of laser-emitting chips, today announced it’s going public through a special-purpose acquisition company called Colonnade Acquisition Corp. in a deal that values the company at $1.9 billion. SPACs are entities that are created for the sole purpose of buying another firm and taking it public. They’re becoming ...

The U.S. Securities and Exchange Commission today filed a lawsuit against Ripple Labs Inc. and two of its executives claiming that the company, which offers the XRP cryptocurrency, illegally sold unregistered securities. The complaint alleges that Ripple, along with Christian Larson, the company’s co-founder and executive chairman of its board and former chief executive officer, ...

The U.S. National Security Agency has issued a warning that hackers are forging cloud authentication information to gain access to secure systems. In a Dec. 17 cybersecurity advisory titled “Detecting Abuse of Authentication Mechanisms,” the NSA gave guidance to the National Security System, Department of Defense and Defense Industrial Base network administrators. The goal is ...

Digital contract management software startup Ironclad Inc. is reported to have raised at least $100 million in new funding in a round led by venture capital firm Bond. The company has not confirmed the round. The valuation on the round differs depending on the report. The Information reported today that the raise was on a $950 ...

Data stolen from a hack of cryptocurrency wallet provider Ledger SAS, which the company initially denied but eventually confessed to in July, has been published online. The stolen data was offered for free on Raid Forums, a website that has become well-known this year for being an internet site. It’s not on the dark web, a shady ...

Bitcoin hit a new all-time high in trading Sunday, Dec. 20 as the cryptocurrency’s remarkable December rally continues. The price of bitcoin hit $24,228.83 at 3:44 p.m. EST before dropping to $23,694.88 as of 9 p.m. Bitcoin first broke through the $24,000 mark briefly on Dec. 19 after having first passing the $20,000 mark for ...

Cisco Systems Inc. is the latest company targeted in the SolarWinds hack as Microsoft Corp. has discovered a second hacking group that was also targeting SolarWinds’ software. The attack on Cisco, revealed Friday, involved internal machines used by Cisco researchers with the company saying that its security team moved quickly to address the issue and ...

The city of Austin, Texas, is reported to have been hacked and a Russian state-sponsored group is suspected to be behind the intrusion. First reported today by The Intercept, which references documents prepared by the Microsoft Threat Intelligence Center that have not been publicly released, the hack has been traced to mid-October. It’s said to have been ...

Free stock-trading app maker Robinhood Market Inc. has agreed to pay a fine of $65 million as part of a settlement with the U.S. Securities and Exchange Commission over allegations that it deceived customers about how it makes money and failing to deliver on a promise of best execution of trades. The investigation into Robinhood ...

Some five months after it was first reported to be exploring the option, cryptocurrency exchange Coinbase Global Inc. today announced that it has confidentially submitted a draft registration Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering. Coinbase did not provide any details as to what form the IPO may take, ...