Duncan Riley
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Bitcoin and blockchain startup Circle Internet Financial, Inc. has raised $110 million in new funding as a “strategic investment” while also announcing its intent to launch a new cryptocurrency tied to the U.S. dollar. The new round announced Tuesday, the first since 2016, was led by Bitmain, …
Coinbase expands crypto product lineup to appeal to institutional investors
Coinbase Inc., the largest U.S. cryptocurrency exchange, is expanding its services again in an attempt to broaden its appeal to traditional institutional Wall Street investors. In a raft of new products announced Tuesday, the headline launch was Coinbase Custody, a custodian offering traditionally …
Microsoft announces new megatablet: the 50.5-inch Surface Hub 2
Microsoft Corp.’s megatablet is back. The technology giant today announced a successor to its original model in the form of the Surface Hub 2. The original Surface Hub, launched in 2015, went on to become a surprising smash hit, surprising mostly because not …
With its new blockchain phone, HTC angles for a slice of the crypto market
HTC Corp. wants a slice of cryptocurrency market. The Android phone maker today unveiled a new model that will have blockchain-enabled cryptowallet support built in by default. The new phone, called Exodus, will feature a cryptocurrency wallet with a secure hardware enclave to …
Facebook suspends 200 apps as data privacy investigation continues
Facebook Inc. has suspended about 200 apps over data privacy concerns as part of the post-Cambridge Analytica scandal investigation announced by Chief Executive Mark Zuckerberg March 21. The 200 unnamed apps, part of thousands so far investigated, have been suspended “pending a …
Uber tinkers with minor app feature as Lyft steals more market share
In a tale of two companies, one with perpetual issues and the other a rising star, Uber Technologies Inc. today announced a new rating feature in its app while archrival Lyft Inc. announced it has stolen even more of Uber’s market share. Tinkering …
As Tesla’s safety woes mount, Didi Chuxing obtains permission for testing
Tesla Inc.’s safety woes continued to mount Monday as the Chinese ride-hailing giant and growing autonomous vehicle competitor Didi Chuxing Technology Co. was reported to have been given permission to test its self-driving cars on American roads. In the latest drama for Tesla, …
President Trump working with China to restore ZTE access to American tech
In a surprising turn of events, President Trump has intervened in a trade dispute that resulted in the shutdown of Chinese electronics company ZTE Corp., saying on Twitter Sunday that he was working with President Xi to get the company “back into business, fast.” …
Credit card details stolen in hack targeting Chili’s restaurants
Restaurant chain owner Brinker International Inc. advised Saturday that customer data may have been stolen from its Tex-Mex cuisine chain Chili’s in what looks like another case of retail point-of-sale hacking. The incident was described as a “notice of unauthorized access” in a …
German bank uses bitcoin for international money transfers
A German online bank is offering a loan service with a difference: international loans that are transferred using bitcoin. Founded in 2013, Bitbond is using the cryptocurrency as an alternative to SWIFT international payment network. The company’s founder, Radoslav Albrecht, argues that it’s both considerably cheaper …