Duncan Riley
Latest from Duncan Riley
Bitcoin and blockchain startup Circle Internet Financial Inc. is the latest company to jump on the stablecoin bandwagon with the launch USD//Coin (USDC), a cryptocurrency linked to the price of the U.S. dollar. Announced by the company in May, USDC has been developed in …
Machine learning cybersecurity startup Darktrace raises $50M on $1.65B valuation
Machine learning cybersecurity startup Darktrace Ltd. said today it has raised $50 million in new late-stage funding on a valuation of $1.65 billion to further international expansion and development. The Series E round was led by Vitruvian Partners and included existing investors KKR and 1011 Ventures. Founded in …
Inching toward possible IPO, Stripe raises $245M on $20B valuation
Payment technology company Stripe Inc. today said it has raised $245 million in new funding on a massive $20 billion valuation as it moves toward a possible initial public offering in 2019 or 2020. The round was led by Tiger Global Management and …
6.4M customer records stolen in hack of women’s fashion retailer SHEIN
Online women’s fashion retailer SHEIN Group Ltd. is the latest victim of hacking ,with 6.42 million customer records stolen. Waiting a month to tell customers, SHEIN said that it had become aware on Aug. 22 “that certain personally identifiable information of its …
Former NSA employee gets 5+ years in jail for role in Russian data leak
A former U.S. National Security Agency employee has been sentenced to five and a half years in prison for taking home classified information that was then allegedly obtained by Russian government agents. Nghia Hoang Pho, 68 from Ellicott City, Maryland and previously a coder for the …
Serious bug in Monero allowed theft from cryptocurrency exchanges
In a case of potential irony given that Monero is the favored cryptocurrency of hackers worldwide, a recently discovered bug in its code could have allowed bad actors to obtain funds from exchanges illegally. Described as a “burning bug,” the vulnerability potentially allowed a …
Google partially backflips on cryptocurrency advertising ban
Google LLC has partially backflipped its stance on cryptocurrency advertising, rescinding a decision to ban all cryptocurrency advertising that it announced in March. The ban, which went into effect in June, prohibited all cryptocurrency advertising over concerns about illegal activities. The ban extended …
IPO parade marches on: SurveyMonkey shares soar at opening today
Updated: Cloud-based online survey and questionnaire firm SurveyMonkey Inc. today upped its initial public offering share price ahead of its debut on the Nasdaq exchange Wednesday. SurveyMonkey is listing at $12 per share, above the $9 to $11 it had previously been …
Instagram founders Kevin Systrom and Mike Krieger quit, citing possible plans for new startup
Instagram co-founders Kevin Systrom and Mike Krieger are leaving Facebook Inc., according to a report from the New York Times Monday. Although neither gave an overt reason for leaving in their resignation letters, Chief Executive Systrom said in a statement that he and …
Malicious apps with hidden cryptomining script found in Google Play – again
Despite numerous promises from Google LLC and occasional crackdowns, cryptojacking apps — apps that hijack a mobile device to mine cryptocurrencies — have once again been discovered in the Google Play store. A week after a report from the Cyber Threat Alliance found that cryptomining detections …