Duncan Riley
Latest from Duncan Riley
A hyped stablecoin that raised more than $100 million earlier this year from top Silicon Valley venture capital firms has closed, blaming regulatory issues for its demise. Called Basis, the stablecoin, formerly known as Basecoin, began development in 2017 as a cryptocurrency that …
Some Arizona residents attacking Waymo self-driving vehicles
Some residents of Phoenix, Arizona, have taken to attacking Waymo LLC self-driving vehicles in an apparent backlash to the use of the technology on their streets. In the last two years, 21 incidents involving attacks on the vehicles have been reported, ranging …
Imax shuts down VR business as interest continues to wane
Cinema technology company Imax Corp. is shutting down its virtual reality business as interest in the technology continues to wane. Imax raised $50 million for a “virtual reality fund” in partnership with Acer Inc., the Creative Artists Agency and a number of others …
SEC settles with founders of fraudulent initial coin offering that had raised $600M
The U.S. Securities and Exchange Commission today announced a settlement with the founders of AriseBank, a company shut down in January after raising $600 million in a fraudulent initial coin offering. AriseBank’s former chief executive, Jared Rice Sr., and Chief Operating Officer …
Global hacking campaign targets nuclear, defense, energy and financial firms
A new report from cybersecurity firm McAfee LLC today detailed a new global campaign that has targeted nuclear, defense, energy and financial companies across the globe. Dubbed “Operation Sharpshooter,” the campaign has infiltrated dozens of companies, mostly in the U.S. and other English-speaking …
Lyft market share rises as it heads toward an IPO duel with rival Uber
U.S. ride-hailing minnow Lyft Inc. continues to increase its market share against rival Uber Technologies Inc. as both companies prepare to go public in the first half of next year. According to data from research firm Second Measure, Uber held a 69.2 …
ZeniMax settles lawsuit with Facebook over Oculus theft of trade secrets
Facebook Inc. today said it has settled a lawsuit filed by ZeniMax Media Inc. alleging that Oculus, the social media giant’s virtual reality division, stole trade secrets. The lawsuit was filed in May 2014, two months after Facebook acquired Oculus for $2 …
Microsoft vulnerability could have exposed the accounts of 400M Office 365 users
A misconfigured subdomain owned by Microsoft Corp. could have exposed the accounts of as many 400 million Office 365 users to having their accounts taken over, a security researcher has revealed. The mistake, spotted and reported Tuesday by Indian security researcher and Microsoft bug hunter Sahad …
Report finds hackers are jacking up spam efforts over the holiday season
Hackers are expanding spam efforts disguised as delivery notifications or online shopping invoices this holiday season in an effort to gain access to payment card details, according to a new report from cybersecurity firm F-Secure Corp. The report found that spam was once again the …
Despite registering trademarks, Samsung denies building a blockchain phone
Samsung Electronics. Co. Ltd. has denied a report that it’s developing a blockchain-enabled phone despite reports that it has filed multiple patents for blockchain apps. First spotted by Dutch website Galaxy Club, the three trademarks were lodged with the European Union Intellectual Property …