The Celo Foundation, the group behind the Celo blockchain project, today announced the Alliance for Prosperity, a rival to Facebook Inc.’s Libra Foundation. The alliance, dubbed by some members the “new Rebel Alliance,” has 50 founding members across a range of industries, including blockchain and cryptocurrency, finance, venture capital, payment firms, charities and telecommunications. They have committed ...

Troubled augmented reality company Magic Leap Inc. is said to be exploring its options, including a sale, according to an unconfirmed report. Bloomberg, citing people familiar with the matter, said the company is working with an adviser to consider strategic options that could include a partnership or selling a significant stake ahead of a potential initial public offering. ...

Major tech companies attended a meeting with White House officials Wednesday to discuss ways they can provide a coordinated response to the coronavirus outbreak. The meeting was convened by the Office of Science and Technology Policy and included public health officials along with representatives of Facebook Inc., Alphabet Inc., Amazon.com Inc., Microsoft Corp., Twitter Inc., Cisco ...

A new study from WhiteHat Security based on a survey of industry professionals at the RSA Conference has found that while more than half of organizations use artificial intelligence or machine learning in their security systems, nearly 60% are still more confident in cyberthreat findings verified by humans. The survey responses are said to reflect the need ...

Payments startup SpotOn Transact Inc. announced today it has raised $50 million in new funding to continue the company’s investment into product development and building solutions for specific industries. The Series B round was led by 01 Advisors and included Dragoneer Investment Group, Franklin Templeton and EPIQ Capital Group. Founded in 2017, SpotOn offers cloud-based software that ...

Microsoft Corp. said Tuesday it has teamed with security firm Bitsight Technologies Inc. and others to take down the infamous Necurs botnet. The botnet, regarded as one of the world’s most prolific botnets, has infected more than 9 million computers worldwide and was used for a variety of illegal activities, primarily as a dropper for ...

Hacking and other security issues were the themes of this year’s RSA Conference, but it’s a new type of virus that the conference may be remembered: It turns out that at least two attendees of the conference were infected with the coronavirus. COVID-19 cases aren’t exactly new at this point, butthe interesting part is that ...

Information technology support solutions startup Electric.ai said today it has raised $14.5 million in new funding from 01 Advisors, the investment firm run by former Twitter Inc. Chief Executive Officer Dick Costolo and Twitter Chief Operations Officer Adam Bain. Founded in 2016, Electric offers a fully automated IT platform that is pitched as providing small to ...

The City of Durham, North Carolina and the County of Durham are the latest victims of a ransomware attack, with services taken offline over the weekend as officials attempted to contain and fix the infection. The attack vector is believed to have involved phishing. Local reports said the Ryuk ransomware was used in the attack. The attack was detected ...

Popular online stock trading app Robinhood Market Inc. suffered its third major crash in a week, denying users the ability to trade on a day the Dow Jones Industrial Average suffered its single biggest point drop in history. Robinhood suffered its first major outage on Monday, March 2, as the Nasdaq soared, followed by another outage ...