Duncan Riley
Latest from Duncan Riley
A German information technology firm that works with some of the world’s largest companies was hacked and then blackmailed, according to a report by Motherboard. The company hacked, Citycomp GmbH, provides multivendor maintenance and infrastructure services to a range of companies with a …
AWS opens the doors of its managed blockchain service to the public
After releasing two blockchain services in preview in November, Amazon Web Services Inc. today announced the general availability of Amazon Managed Blockchain. A fully managed service, Amazon Managed Blockchain allows customers to set up a blockchain network quickly that spans multiple AWS accounts with …
Bitfinex admits to dipping into Tether reserve funds to cover loss
In a surprising turn of events, cryptocurrency exchange Bitfinex has admitted that it borrowed funds from Tether to cover an $850 million loss, meaning that the so-called stablecoin is no longer 100% backed by U.S. dollars. The current round of drama started April …
Bakkt acquires Digital Asset Custody Co. to build out crypto services
Bakkt LLC, the cryptocurrency startup majority owned by Intercontinental Exchange Inc., the owner of the New York Stock Exchange, today said it has acquired Digital Asset Custody Co. Inc. in an attempt to build out its cryptocurrency offerings. The price of the …
Mystery database with 80M US household data records found on Microsoft cloud server
Security researchers have uncovered an exposed database with details of 80 million U.S. households, but in a mysterious twist, they have no idea who it belongs to or where it came from. Found by researchers from vpnMentor, the database was discovered exposed to …
WeWork is the latest unicorn to confirm that it’s going public
Co-working space provider WeWork is set to be the latest tech-related startup to go public, announcing today that it has filed its S-1 initial public offering paperwork. The filing was confidentially filed back in December, and WeWork apparently changed its name to The We …
Consumer robotics startup Anki goes bust after raising $200M
San Francisco-based consumer robotics company Anki Inc. is shutting down after raising about $200 million in venture capital funding later. Founded in 2010 by Carnegie Mellon Robotics Institute graduates, Anki claimed to be dedicated to bringing artificial intelligence and consumer robotics to …
Report: ETrade preparing to launch cryptocurrency trading support
ETrade Financial Corp. may be the next online stock trading platform to offer support for cryptocurrencies, according to an unconfirmed report published Friday. Bloomberg, quoting people familiar with the matter, said that the company is getting close to launching cryptocurrency trading and …
Rapidly spreading cryptomining malware uses NSA hacking code
A new form of cryptomining malware that utilizes U.S. National Security Agency hacking code has been detected rapidly spreading across Asia. Dubbed “Beapy” by security researchers at Symantec Corp. who identified it last week, the malware is primarily targeting enterprise networks, with the majority …
Uber sets final terms for IPO after last-minute $500M investment from PayPal
Uber Technologies Inc. finally set its initial public offering range on Friday in an announcement that came with a surprise: PayPal Inc. is investing $500 million into the company before the IPO. The announcement of Uber’s IPO pricing came in as expected, with …