Duncan Riley
Latest from Duncan Riley
Facebook Inc. may launch its long-rumored cryptocurrency as soon as the end of this month, according to a report published Wednesday. The Information, quoting people familiar with the plan, said Facebook also plans to cede control of the cryptocurrency to “outside backers” …
New cryptocurrency wallet ZenGo offers keyless entry with distributed security
A new cryptocurrency wallet called ZenGo is launching today with the promise of being the first keyless wallet to offer decentralized security and distributed key management. Created by Kzen Networks Ltd., the ZenGo wallet is being pitched as the first secure user-controlled crypto wallet …
Dutch cryptocurrency exchange Blockport declares bankruptcy after token raise fails
Dutch cryptocurrency exchange Blockport N.V. has declared bankruptcy and will cease trading at the end of the month after failing to raise €5 million ($5.62 million) in a security token offering, a similar fundraising method to an initial coin offering but with security tied …
Israeli automotive cybersecurity startup GuardKnox raises $21M
Israeli automotive cybersecurity startup GuardKnox Cyber Technologies Ltd. today said it has raised $21 million in new funding to expand its research and development team and to expand global operations. The Series A round was led by Fraser McCombs Capital and included Faurecia, SAIC Capital …
Bird expands its services with a new sharable electric moped option
Sequoia Capital-backed electric scooter hire startup Bird Rides Inc. is expanding its services, adding electric moped sharing to its lineup. The mopeds, formally called the “Bird Cruiser,” are closer in appearance to an e-bicycle but with big wheels and seating for two. Formally Bird refers to …
SEC sues Kik alleging that ‘initial coin offering’ of Kin tokens was illegal
The U.S. Securities and Exchange Commission has finally sued Kik Interactive Inc. for conducting an alleged illegal initial coin offering a week after the company itself started crowdsourcing donations for the fight. The SEC alleges that the ICO was illegal because Kik sold …
Bitcoin price drops as investors suffer from ‘bull exhaustion’
The price of bitcoin fell sharply Monday, dropping below $8,000 briefly after having teased $9,000 as recently as May 26. The selloff has no clear reason, but CoinDesk at least suggested that it may be related to what it called “bull exhaustion.” The idea is …
Analyst finds no evidence of NSA EternalBlue in Baltimore ransomware attack
The ransomware used to cripple the City of Baltimore last month did not include code from the U.S. National Security Agency’s leaked EternalBlue hacking exploits, according to a security analyst. The finding comes from Joe Stewart, a malware analyst now consulting with …
Apple announces new sign-in feature to compete with Facebook and Google
Buried among dozens of announcements at Apple Inc.’s annual Worldwide Developers Conference today was a new sign-in service that will pit the company directly against Twitter Inc., Facebook Inc. and Google LLC for the first time. Called “Sign in with Apple,” the …
Stripe launches Chargeback Protection to cover businesses from fraudulent transactions
Payment processing technology startup Stripe Inc. today launched a new feature that is sure to be popular with its business users: Chargeback Protection. A chargeback is a demand by a credit card provider for a retailer to make good the loss on a fraudulent …