Duncan Riley
Latest from Duncan Riley
Innovators are fashioning clever new ways of benefiting from cryptocurrency mining as concern about the energy consumption used in the practice has drawn attention from the European Union. Cryptocurrency mining is the process by which transactions are verified and added to the blockchain, …
In latest initial coin offering scam, hardware wallet startup Giza vanishes with $2.4M
Scammers have allegedly stolen $2 million from investors through the promotion of a dubious initial coin offering that used fake LinkedIn accounts for promotion. The company, called Giza, was promoting an “innovative hardware wallet,” a physical cryptocurrency storage device that would allow users …
Lyft annual revenue passes $1B as it challenges Uber in US
Ride-hailing startup Lyft Inc. is rapidly growing as its revenue passed $1 billion for the first time in 2017 — still behind rival Uber Technologies Inc. but making considerable progress given that it has next to no international exposure. Lyft today reported …
Mac app that mined cryptocurrency in return for premium features is no longer available
A software package that until late today was offered for download in the Mac App Store has been discovered to mine cryptocurrency by default. But in a strange twist, the company behind the app actually disclosed the fact to users upfront. The …
Malicious six-year-old ‘Slingshot’ malware campaign found lurking in routers
Researchers at Kaspersky Labs have detailed a possibly state-sponsored “Advanced Persistent Threat” malware campaign that has gone under the radar for six years before being detected. Dubbed “Slingshot” due to the use of the name in the primary malware code, the APT …
Bitcoin drops again as Japan launches new crackdown on cryptocurrency exchanges
Bitcoin and cryptocurrency markets were again shaken Thursday as the Japanese government launched a new crackdown on cryptocurrency exchanges. Japan has been at the forefront of legalizing cryptocurrency trading, having first licensed exchanges in October. But it now has punished seven cryptocurrency exchanges in …
Overstock.com’s Medici Ventures ups stake in Caribbean blockchain startup Bitt
Overstock.com Inc.’s investment arm Medici Ventures has upped its stake in Caribbean-based blockchain startup Bitt Inc., investing $3 million more into the company in return for an additional 8.6 percent share. Founded in 2015, Bitt offers a digital asset exchange whose initial focus was on providing …
Memcached vulnerability ‘kill switch’ may put an end to record attacks
A newly discovered “kill switch” may be able to address distributed denial-of-service attacks that use a vulnerability in the Memcached memory caching system to amplify data volume, the same vulnerability used in a number of record DDoS attacks over the last two weeks. Corero Network Security Inc. …
McAfee expands its consumer VPN business by snapping up TunnelBear
Cybersecurity firm McAfee LLC has made its second acquisition following its spinoff from Intel Corp. , snapping up Canadian virtual private network provider TunnelBear Inc. today for an undisclosed amount. Founded in 2011, TunnelBear offers a two-switch VPN service that allows its users to …
Netsparker raises $40M to grow its web application security scanning product
Web application security scanner maker Netsparker Ltd. has raised $40 million in funding in a round led by enterprise software venture capital firm Turn/River Capital. Founded in 2009, Netsparker offers web application security scanning software that allows users to identify security flaws in any type …