Duncan Riley
Latest from Duncan Riley
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 …
CFTC Chairman Heath Tarbert says Ethereum is a commodity
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 …
New unicorn in Texas as energy marketplace startup RigUp raises $300M
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 …
Uber to offer animal transport with new Uber Pet service
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 …
Zuckerberg to testify in Washington Oct. 24 as Libra partner calls for independence
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 …
IRS publishes cryptocurrency guidance clarifying when taxes should be paid
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 …
Flaw in D-Link routers opens the door to hackers but company won’t do anything
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 …
Venture capital funding slows but still could pass $100B this year
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 …
Postmates cites ‘market conditions’ in delay of initial public offering
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 …
Alliance including IBM and McAfee aims to make cybersecurity products interoperable
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 …