A Singapore man has been indicted by the U.S. Department of Justice for stealing cloud computing power for cryptocurrency mining. Ho Jun Hia, also known as Matthew Ho, is accused of using stolen identity and credit card information to open accounts at multiple U.S. cloud service providers which he then used to mine bitcoin and ...

Commodity Futures Trading Commission Chairman Heath Tarbert today said that Ether, the main cryptocurrency on the Ethereum blockchain, is a commodity that falls under the commission’s jurisdiction and hence can also be traded on U.S. markets. Tarbert made the comments at the Yahoo Finance’s All Markets Summit in New York City, where he spoke on ...

Austin, Texas, has a new unicorn in the form of RigUp Inc., a startup that offers a marketplace for contractors in the energy sector. Today it said it has raised $300 million in new funding on a $1.9 billion valuation. The new funding will be used to continue the company’s expansion into renewable energy, midstream oil ...

Uber Technologies Inc. today launched a new service in selected U.S. markets that will allow users to book vehicles that will also happily carry pets. Called Uber Pet, the service allows users to book a car that’s guaranteed to allow pets with a small additional surcharge of between $3 to $5 per trip. Currently, Uber ...

Facebook Inc. Chief Executive Mark Zuckerberg is heading to Washington D.C. to testify before the House Financial Services Committee Oct. 23. Meanwhile, Vodafone Group Plc, a founding member of the Libra Association that’s overseeing Facebook’s cryptocurrency, is calling for it to be independent of the social network. Zuckerberg will be the sole witness at the hearing, ...

The U.S. Internal Revenue Service today issued its first guidance on cryptocurrencies since 2014, clarifying when taxes should be paid on cryptocurrency transactions. Topping the list was tax liabilities created by cryptocurrency forks, where a cryptocurrency splits or a new group forks off from the original cryptocurrency giving existing holders free cryptocurrency in the process. ...

Routers from Taiwanese firm D-Link Corp. have a serious vulnerability that can allow hackers to steal data, but in unexpected twist, the company is doing nothing to address it. The vulnerability was detailed by security researchers at Fortinet Inc. Oct. 3, after D-Link was informed of the issue in September. The vulnerability, known as CVE-2019-16920, starts with a ...

Venture capital investments in tech companies are set to surpass $100 billion for the second straight year, but they’re slowing. That’s according to a third-quarter 2019 published by PitchBook-NVCA Venture Monitor today. Describing venture capital as still robust, the report states that “the overall climate of the VC ecosystem appears to have cooled slightly, but there ...

Food delivery startup Postmates Inc. is delaying its initial public offering on concerns about “market conditions,” according to a report Tuesday from Recode Vox quoting people familiar with the matter. The “market conditions” referred to in the report are Wall Street investors having finally worked out that money-losing tech unicorns aren’t all the same, and if ...

A new cybersecurity alliance of 14 leading companies launched today with a pledge to bring interoperability and data-sharing across cybersecurity products The Open Cybersecurity Alliance consortium, founded under the OASIS open standards and open source group, includes a raft of companies: IBM Corp., McAfee LLC, Advanced Cyber Security Corp., Corsa Techology Inc., CyberArk Software Ltd., ...