Duncan Riley
Latest from Duncan Riley
Microsoft Corp. has introduced a new open-source decentralized network designed to use existing blockchains to verify and manage identity. Called ION, for Identity Overlay Network, the network is based on the Sidetree protocol, a distributed public key infrastructure. It runs on top of the bitcoin blockchain. …
New mobile app enables cryptocurrency payments at retail outlets
New cryptocurrency payments startup Flexa Network Inc. today opened up shop with an app that allows users to use cryptocurrency to make payments in physical retail stores. The company’s app, SPEDN, allows users to make payments using bitcoin, Ethereum, Bitcoin Cash and Gemini dollar. …
Uber CEO rallies employees as stock falls further on second day of trading
Uber Chief Executive Officer Dara Khosrowshahi told employees in a memo today to hang tight as the company’s stock dropped even further on its second day of trading. The ride-hailing giant made its public debut on the New York Stock Exchange Friday …
Pump-and-dump? Bitcoin surges through $7,500 before investors cash in
The price of bitcoin broke through $7,500 in trading over the weekend, its highest level since August — but then it fell below $7,000 in what some are suggesting may be a classic case of a pump-and-dump scheme. Bitcoin has been a …
Huobi teams with Reserve on token issue for ambitious stablecoin project
Huobi Global today said it has teamed with Oakland, California-based Reserve to sell Reserve Rights Tokens in a sort of initial coin offering. Reserve, founded in 2018 with a high-profile team that includes former members of Google LLC, Tesla Inc., OpenAI, IBM …
Elon Musk shows off first Starlink internet satellites ahead of Wednesday launch
Tesla Inc. and SpaceX Inc. Chief Executive Officer Elon Musk has shared pictures highlighting Starlink satellites that are due to be launched on Wednesday. Starlink is an ambitious plan by SpaceX to deploy thousands of low earth orbit satellites to provide internet access to …
Unconfirmed report claims top US antivirus companies have been hacked
Stories of hacking and hacks have become so commonplace that they often barely rate a mention, but here’s a truly disturbing case if it’s true: Three major U.S. antivirus companies allegedly have been hacked. The details of the alleged hack were first …
80M records exposed in text marketing company ApexSMS data breach
ApexSMS Inc., a SMS text marketing company that also trades under the name of Mobile Drip, has suffered a data breach with the records of about 80 million people found exposed on an unsecured database. First reported Thursday by researcher Bob Diachenko at …
Uber-dud: After landmark IPO, Uber shares fall below opening price
Updated: Uber Technologies Inc.’s day of reckoning finally arrived, and the reckoning doesn’t look so great. The ride-hailing unicorn late Thursday set a price of $45 per share for its initial public offering on the New York Stock Exchange Friday, raising a sweet …
Bitcoin breaks through $6,000, its highest level since November
The price of bitcoin surged through $6,000 in trading Wednesday, its highest price since November. Why it did so isn’t clear, especially coming after news that Binance, the largest cryptocurrency exchange by volume, reported it had been hacked. Bitcoinist noted that the upward trend started around the …