Duncan Riley
Latest from Duncan Riley
Vine and HQ Trivia co-founder Colin Kroll found dead at 34
Vine co-founder and HQ Trivia Co-Founder and Chief Executive Officer Colin Kroll has been found dead of a suspected drug overdose at the age of 34. According to TMZ, Kroll was found dead surrounded by “drug paraphernalia.” Drugs found at the scene included cocaine and heroin. Kroll, born in Rye, N.Y. in 1984, first came to ...
Spam emails threaten to explode bomb unless bitcoin is paid
A spam campaign with a difference is causing widespread alarm across the western world with a threat to detonate a bomb if the recipient doesn’t make a bitcoin payment. The campaign involves a number of messages in English with a common theme: that the sender has used someone to plant a bomb in the recipient’s ...
New version of infamous Shamoon malware targets oil and gas industry
A new version of Shamoon, a form of malware that infamously caused damage to Saudi Aramco, Saudi Arabia’s largest oil producer in 2012, has been used in new attacks in the Middle East. The new Shamoon attack was reported Thursday to have been detected on the network of Italian oil and gas contractor Saipem, where it ...
After raising $133M from top-tier investors, hyped ‘stablecoin’ Basis closes
A hyped stablecoin that raised more than $100 million earlier this year from top Silicon Valley venture capital firms has closed, blaming regulatory issues for its demise. Called Basis, the stablecoin, formerly known as Basecoin, began development in 2017 as a cryptocurrency that would not suffer price volatility. In April, it raised $133 million to bring the ...
Some Arizona residents attacking Waymo self-driving vehicles
Some residents of Phoenix, Arizona, have taken to attacking Waymo LLC self-driving vehicles in an apparent backlash to the use of the technology on their streets. In the last two years, 21 incidents involving attacks on the vehicles have been reported, ranging from tire slashing through to a man threatening a vehicle with a gun. ...
Imax shuts down VR business as interest continues to wane
Cinema technology company Imax Corp. is shutting down its virtual reality business as interest in the technology continues to wane. Imax raised $50 million for a “virtual reality fund” in partnership with Acer Inc., the Creative Artists Agency and a number of others in November 2016, with the aim of setting up at least 25 interactive ...
SEC settles with founders of fraudulent initial coin offering that had raised $600M
The U.S. Securities and Exchange Commission today announced a settlement with the founders of AriseBank, a company shut down in January after raising $600 million in a fraudulent initial coin offering. AriseBank’s former chief executive, Jared Rice Sr., and Chief Operating Officer Stanley Ford were accused of offering and selling unregistered investments in the form ...
Global hacking campaign targets nuclear, defense, energy and financial firms
A new report from cybersecurity firm McAfee LLC today detailed a new global campaign that has targeted nuclear, defense, energy and financial companies across the globe. Dubbed “Operation Sharpshooter,” the campaign has infiltrated dozens of companies, mostly in the U.S. and other English-speaking nations, with malicious software that extracts information from targeted systems. The attack used ...
Lyft market share rises as it heads toward an IPO duel with rival Uber
U.S. ride-hailing minnow Lyft Inc. continues to increase its market share against rival Uber Technologies Inc. as both companies prepare to go public in the first half of next year. According to data from research firm Second Measure, Uber held a 69.2 percent share of the U.S. ride-hailing market in October, down 3 percent from ...
ZeniMax settles lawsuit with Facebook over Oculus theft of trade secrets
Facebook Inc. today said it has settled a lawsuit filed by ZeniMax Media Inc. alleging that Oculus, the social media giant’s virtual reality division, stole trade secrets. The lawsuit was filed in May 2014, two months after Facebook acquired Oculus for $2 billion, and alleged that the company, along with founder Palmer Luckey misappropriated ZeniMax ...