Duncan Riley
Latest from Duncan Riley
Less than a day after being announced, Facebook Inc.’s Libra cryptocurrency has already sparked a backlash as critics that include prominent politicians on both sides the Atlantic raised concerns and called for its rollout to be delayed or even stopped. In the …
Russians blamed for $530M hack of Japanese cryptocurrency exchange Coincheck
Russian hackers are now believed to be behind the hacking and theft of around $530 million in cryptocurrency from Japanese exchange Coincheck in January 2018, Japanese media reported Monday. The hack, the largest single successful theft of cryptocurrency of all time, even beating …
BnkToTheFuture acquires Altcoin.io to establish a Securities Token Exchange
BnkToTheFuture, best known as an investment platform for cryptocurrency and blockchain related companies has made its first acquisition: Altcoin.io, a decentralized cryptocurrency exchange. The price of the acquisition was not disclosed, but Altcoin.io had raised around $1 million in funding, according to Crunchbase, so …
Israeli phishing protection startup Ironscales raises $15M
Israeli phishing protection startup Ironscales Ltd. today said it has raised $15 million in new funding to assist it in scaling up its North American operations and boost research and development. The Series B round was led by K1 Investment Management with additional investors …
Crypto coup: Ripple buys into MoneyGram to cement blockchain partnership
Ripple Labs Inc. has committed up to $50 million in investment capital in return for equity into MoneyGram International Inc. as part of an expansion of the partnership between the two companies announced in January 2018. The deal, announced today, sees Ripple …
Bitcoin hits 13-month high ahead of Facebook’s cryptocurrency launch
Bitcoin hit a 13-month high in trading over the weekend after a sluggish month that was typified by a so-called “bull exhaustion” following a steady rise since March. The cryptocurrency peaked at $9374.87 at 4:15 a.m. EDT on Sunday, its highest level …
Intel’s Mobileye to conduct trial of self-driving taxis in Israel next year
Intel Corp.’s Mobileye division will launch a trial of self-driving taxis in Israel next year, Intel Chief Executive Officer Bob Swan announced Sunday. As first reported by Bloomberg, Swan made the announcement after riding in a self-driving vehicle developed by Mobileye in …
Cyber cold war heats up as Russia, US attempt to hack each others’ power grids
The cyber cold war between the U.S. and Russia continues to heat up, with accusations flying that both countries have either hacked or are seeking to hack each others’ power grids. On both sides, each country, either directly or through state-sponsored hackers, …
Fintech-focused blockchain startup Spring Labs raises $23M
Financial technology-focused startup Spring Labs Inc. has raised $23 million in new funding to assist it in developing its blockchain-based network. The Series A round was led by GreatPoint Ventures and included August Capital, General Motors Ventures, RRE Ventures, Galaxy Digital, Multicoin Capital, The Pritzker Group …
Defying expectations, Fiverr stock closes first day of trading up 90%
Shares in Israel-based freelancer marketplace Fiverr Inc. defied expectations in its initial public offering today on the New York Stock Exchange, closing their first day up 90%. Fiverr’s stock debuted at $26, up from its initial offering price of $21 per share and …