Messaging startup Telegram Group Inc. today said it has abandoned its efforts to build the Telegram Open Network and associated Gram cryptocurrency in the face of opposition from the U.S. Securities and Exchange Commission. The decision by Telegram to abandon its plan did not come cheap. The company had raised $1.7 billion in presales from some ...

Israeli electric motion technology startup IRP Systems Ltd. announced today that it has raised $17 million in new funding to develop its technology and hire more people. The Series B round was led by Fosun RZ Capital and included JAL ventures, Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Champion Motors. Founded in 2015, ...

Electronic design automation firm Synopsys Inc. today released a new report on the security risks in open-source software — and the findings are concerning. The 2020 Open Source Security and Risk Analysis report from the Synopsys Cybersecurity Research Center was based on over 1,250 audits of commercial codebases. Noting that open source continues to play a critical ...

The price of bitcoin dropped slightly Monday following the “halving” of the cryptocurrency, with some bitcoin miners reported to be quitting the business because of lower rewards. The bitcoin halving, the third time the process has taken place, has seen the rewards given to those who mine bitcoin drop by half from 12.5 bitcoin to ...

Automatic teller machine maker and payment technology company Diebold Nixdorf Inc. has suffered a ransomware attack that disrupted some operations. First reported today by security researcher Brian Krebs, the ransomware attack struck the company April 25 and affected services for more than 100 of the company’s customers. Diebold Nixdorf is the largest ATM provider in the ...

TD Ameritrade Holding Corp-backed digital assets exchange startup ErisX has launched Ethereum futures trading, the first company in the U.S. to do so. The first of its kind to be authorized by the U.S. Commodity Futures Trading Commission, the ETH futures contracts allow investors to buy and sell contracts that allow them to acquire Ethereum ...

SQL-based in-memory distributed database startup MemSQL Inc. said today it has raised $50 million via a debt facility to deliver new products and services to accelerate its growth. The debt financing was underwritten by Hercules Capital. Founded in 2011, MemSQL offers what it calls a No-Limits Database designed to power modern applications with a cloud-native scalable ...

Online used-car seller Vroom Inc. is set to go public, according to a Wall Street Journal report today that the company has filed paperwork for a possible June initial public offering. Founded in 2013, Vroom pitches itself as an e-commerce platform designed to offer a better way to buy and sell used vehicles. The company employs “data-driven ...

Microsoft Corp. is rolling out a new feature in Office 365 designed to block so-called “email storms” that include “reply-all” to a large number of people on a distribution list. The Reply All Storm Protection feature is described by the Exchange Team in a blog post last week as mostly benefiting large organizations that have large distribution ...

Cisco Systems Inc. has released more than 30 security patches, including 12 that address previously undisclosed high-severity vulnerabilities. The serious vulnerabilities were found in Cisco’s Adaptive Security Appliance and Firepower 100 Series firewall applications as well as Cisco Firepower Threat Defense software used to protect corporate networks and data centers. Cisco said that it wasn’t ...