Enterprise cryptocurrency wallet startup BitGo Inc. said today it has raised $42.5 million in new funding. The Series B round was led by Valor Equity Partners and included David Sacks, Bill Lee and DRW. As part of the deal, Antonio Gracias of Valor Equity Partners, also a board member at Tesla Inc. and SpaceX Inc., will join BitGo’s ...

Apple Inc. has removed a fake cryptocurrency app that had embarrassingly climbed to the third position in the finance category of the App Store. The fake iOS app, pretending to be from MyEtherWallet, a service that offers storage for Ethereum-based cryptocurrencies, first appeared in the App Store around a week ago. It claimed to allow ...

A California company raising funds through an initial coin offering for a service promising to take on Yelp Inc. has refunded subscribers after the Securities and Exchange Commission launched an investigation into whether it was raising funds illegally. Munchee Inc. launched its ICO in October, promising to build a new platform “that looks to disrupt sites like ...

It’s getting easier for hackers to obtain user credentials in bulk. A security company has discovered a download containing 1.4 billion records offered for sale on the dark web, the largest aggregate database found in the dark web to date. 4iq Inc. made the discovery, detailing on Medium Friday that it found the file for sale ...

The price of bitcoin steadied in trading Sunday night following the launch of the Cboe XBT tradable bitcoin futures contracts on the Cboe Global Markets exchange. Bitcoin trading was all over the place in the lead-up to the launch. The price of bitcoin surged $1,700 in early morning trading to $15,591.63 at 9:30 a.m. EST before continuing ...

As bitcoin surged through a new record high of more than $17,000 in trading Thursday, Russia now says it will legalize cryptocurrencies less than three weeks after saying it never would. The latest triple backflip might have earned a 9.9, 10.0 and 9.9 score had the country not been banned from the Olympics. The Russian government is ...

Chinese ride-hailing company Didi Chuxing Technology Co. may finally be starting its long-rumored international expansion, as a report Thursday claimed the company is about to open up shop in Mexico. Reuters made the claim, quoting two sources familiar with the plans as saying that Didi will enter Mexico sometime in the first quarter of 2018. It would ...

Apple Inc. has patched a serious vulnerability in its HomeKit smart home software framework that could allow malicious actors to hijack and control any device connected using the platform. The “zero-day” or previously undiscovered vulnerability, first reported by 9to5Mac today, allowed unauthorized control of accessories such as smart locks and garage door openers. Described as “difficult to ...

Application security startup Contrast Security Inc. has raised additional funding from Microsoft Ventures and AXA Strategic Ventures as an extension of its previous $30 million Series C round announced in October. Founded in 2014, Contrast Security offers “self-protecting” security software that is designed to protect enterprise software applications from within by enabling enterprise developers to build in security functions through an embeddable ...

Notorious cheating hookup site Ashley Madison is back in the news after it was discovered that the site was exposing private, often sexually explicit member photographs to other members without permission. Discovered by security researchers Bob Diachenko and Matt Svensson, the exposure involves the way Ashley Madison handles member photos that are meant to be viewed privately by ...