Duncan Riley
Latest from Duncan Riley
Bitcoin has continued its roller coaster ride over the weekend after the price of the cryptocurrency broke through $40,000 for the first time on Friday. Through Friday, bitcoin peaked at $41,528.79, then traded in a range between $39,000 and $41,000 through this …
New Zealand’s Central Bank hacked and data stolen
The Reserve Bank of New Zealand, the country’s central bank, has been hacked and commercially and personally sensitive information is believed to have been stolen. The news of the hack was released Sunday local time and is said to have involved the …
Apple reportedly close to signing deal with Hyundai for electric car development
Apple Inc.’s electric car plans may be about to get a boost as the company reportedly is close to signing at deal with Hyundai Motor Co. The report, from Korea IT News and picked up by Reuters today, said the partnership deal on …
US venture capital hits record high of $130B in 2020 despite the COVID-19 pandemic
Venture capital funding hit a record high of nearly $130 billion in 2020, up 14% over 2019 despite the COVID-19 pandemic, according to data released early Friday in PWC/CB Insights’ latest MoneyTree Headline Report. Funding and deals remained strong in the fourth quarter after …
Report: Apple Car may take five to seven years to deliver
Apple Inc.’s self-driving car program, which according to a report Dec. 21 is aiming to produce an electric car by 2024, may actually take five to seven years to deliver, according to a report today from Bloomberg. Referencing people with knowledge of the …
F5 Networks to acquire edge-as-a-service startup Volterra for $500M
Network traffic management company F5 Networks Inc. today announced it will acquire “edge-as-a-service” startup Volterra Inc. in a $500 million deal consisting of $440 million in cash and $60 million in future consideration. Founded in 2017 and launched out of stealth in November 2019, …
Babuk Locker emerges as the first new form of ransomware in 2021
Five days into 2021, already a new form of ransomware has emerged: Babuk Locker. First detailed Sunday by Chuang Dong, the ransomware uses its own implementation of SHA256 encryption called “ChaCha8” and also uses so-called Elliptic-curve Diffie-Hellman key generation to protect its keys …
SolarWinds sued in class action lawsuit over Orion software hack
U.S. government software provider SolarWinds Worldwide LLC is being sued by shareholders in a class action lawsuit following the revelation in December that the company’s Orion software had been hacked. The lawsuit alleges that SolarWinds, former President and Chief Executive Officer Kevin Thompson …
Proposed government cryptocurrency tracking law condemned by industry players
Cryptocurrency and related firms have come out against a proposal from the U.S. Treasury Department’s Financial Crimes Enforcement Network that would require any company dealing with digital currency to gather information on the identities of counter-parties. The proposal, published Dec. 23, would …
Employee credentials from top gaming companies found for sale on the dark web
Security researchers have found more than 500,000 leaked credentials tied to leading gaming companies for sale on the dark web, the corner of the internet known for illicit activity. Detailed today by researchers at Kela Research and Strategy Ltd., the leak of the …