Duncan Riley
Latest from Duncan Riley
The growing wave of tech initial public offerings will be joined at the ringing of the bell Friday morning on the Nasdaq exchange by cybersecurity firm Carbon Black Inc. On Friday, the company’s shares shot up 30 percent from their offering price …
Notorious Russian hacking group targets LoJack anti-computer theft program
Notorious Russian hacking group Fancy Bear is believed to be behind an attack that hijacks a function within Absolute Software Corp.’s LoJack security tool to redirect data to malicious command-and-control servers. Discovered by researchers Netscout’s Arbor Networks, the attack targets installations of LoJack, …
Goldman Sachs to launch bitcoin trading desk
Goldman Sachs Group Inc. is set to become the first major merchant bank to embrace cryptocurrencies, announcing Wednesday that it’s planning to launch a bitcoin trading desk. First reported by The New York Times, the desk will involve the bank using its …
Google working on a social gaming startup called Arcade
Google Inc. is working on a social gaming startup looking to debut its first game as early as summer, according to a report from Bloomberg. Called simply “Arcade,” the startup is being headed by 21-year-old boy-genius Michael Sayman, best known for joining Facebook at …
Telegram cancels plan for public ICO after raising $1.7B in presales
Encrypted-messaging startup Telegram Messenger LLC has canceled its public initial coin offering after having raised $1.7 billion from some 200 private investors, according to a report from The Wall Street Journal. The Telegram ICO, first reported in January, saw the company raise an initial $850 million …
Google launches .app domain names with security baked in by default
Google Inc. has entered the domain name market in a big way, launching the .app extension three years after acquiring the rights to do so. It’s pitched as the first top-level domain name to come with security built in, since every .app …
Snap numbers decline as the millennial love affair nears its end
Despite delivering a surprisingly strong fourth quarter, Snapchat app maker Snap Inc. failed to make it two in a row in the first quarter of 2018, reporting mostly declining numbers across the board. In the only positive on its spreadsheet, Snap booked $230 million …
Apple books solid financials thanks to iPhone X sales in China
Apple Inc. today announced a solid first quarter of the year on strong iPhone X sales in China, despite various reports that the company may be set to cease production of the model later this year. For the quarter ending March 31, …
Japan pushes exchanges to drop support for cryptocurrencies favored by cybercriminals
In what could be a workable idea to stifle online crime, Japan is reported to be pressuring local exchanges to drop support for cryptocurrencies favored by cybercriminals. Forbes reported that Japan’s Financial Services Agency is “quietly pressuring” exchanges to give up support for Monero, Zcash, Dash …
Full circle: Andra Capital sells tokens to invest in late-stage tech startups
In what could be described as a case of venture capital funding going full circle, a technology growth fund has in effect undertaken an initial coin offering that has sold tokens to invest in tech firms, a contrast to recent examples of investments in …