Duncan Riley
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Blockchain home equity loan startup Figure raises $65M
Figure Technologies Inc., a home equity financial technology startup that uses blockchain tech to facilitate loans, today said it has raised $65 million in new funding to bolster its product offering and growth. The Series B round was led by RPM Ventures and partners from DST Global and included Ribbit Capital, DCM, DCG, Nimble Ventures, ...
Infamous ‘cryptojacking’ service Coinhive will close down in March
Coinhive, the in-browser cryptocurrency mining service that is loved by hackers, is closing down. Launched in 2017, Coinhive offers code that website owners can insert into their pages that forces visitors to mine for Monero, a cryptocurrency popular with hackers given its privacy features. The company initially pitched the service as an alternative to advertising. ...
Apple lays off 190 staff from its self-driving car project
Apple Inc. is laying off 190 staff members who were working on its “Project Titan” self-driving car development project, confirming reports first published Jan. 24. The exact number of layoffs came via a filing Apple lodged today with the California Employment Development Department. The staff to be cut are housed in two Apple offices: Santa Clara and ...
Cybercriminals make $3.25B+ a year using social media
As bad as content such as anti-vaccine material on Facebook Inc. or alleged suicide instruction videos on YouTube look, a new report out today details an even more nefarious use of social media: the promotion of cybercrime tools. The report, “Social Media Platforms and the Cybercrime Economy” from malware protection firm Bromium Inc., explores how cybercriminals ...
Vulnerabilities leave devices supporting Thunderbolt open to hacking
Devices offering support to Thunderbolt peripheral and charging connectors are vulnerable to hacking, according to newly published research. Thunderbolt is a peripheral standard developed by Apple Inc. and Intel Corp. that was first seen on Apple computers with Thunderbolt 1 and 2 and then later in other devices through Thunderbolt 3, which is compatible with USB-C ports. Detailed ...
SoFi to offer customers cryptocurrency trading via deal with Coinbase
Online personal finance provider Social Finance Inc. today added support for cryptocurrency trading through a new partnership with Coinbase Inc. The deal will allow customers of the startup to check prices and buy certain cryptocurrencies, although exactly which cryptocurrencies was not specified. “Our target audience wants to see what the price of cryptocurrency is and ...
HTC’s Exodus blockchain phone can soon be purchased using regular cash
HTC Corp. today announced it will start selling its Exodus 1 blockchain smartphone to the public for regular cash after initially allowing people to purchase it using only cryptocurrency. Along with accepting cash, HTC also announced a range of new software for the phone with a focus on decentralized applications. The Exodus 1 first went ...
Report finds a rapid rise in politically motivated online attacks
New research from NetScout Systems Inc. details a rapid rise in politically motivated online attacks across the private, nonprofit and government sectors. The “Dawn of the TerrorBit Era” report looked at security data in the second half of 2018 and came up with some surprising finds as nation-state actors ramp up campaigns. In particular, the report ...
Warren Buffett says bitcoin attracts charlatans, calling it ‘delusional’
Troubled Tesla Inc. founder Elon Musk may love bitcoin, but the sentiment isn’t shared by famed investor Warren Buffett who has called the cryptocurrency “delusional.” The latest missive from Buffett (pictured), who has never been a bitcoin fan, came via an interview with CNBC where he said, among other things, that “bitcoin has no unique ...
SEC files contempt of court charges against Elon Musk over erroneous tweet
SpaceX Inc. and Tesla Inc. founder and Chief Executive Officer Elon Musk is in serious trouble after the U.S. Securities and Exchange Commission filed court charges that alleges that he is in contempt of court for violating a previous settlement. Musk, who self-identifies as bipolar and often lashes out on Twitter, has caught the ire of the SEC over ...