Duncan Riley
Latest from Duncan Riley
The price of bitcoin plunged Thursday after India announced that it’s implementing a ban on cryptocurrencies — not simply exchanges but all use of cryptocurrencies within its borders. Bitcoin investors had already been on tenterhooks (or Tether hooks in this case) over …
Report: Intel to sell a majority stake in its augmented reality division
Intel Corp. is planning to spin off its augmented reality division into a separate company and sell off a majority of its shareholding, according to sources quoted by Bloomberg. The report claims that Intel is seeking multiple backers to invest in the …
TechCrunch alumni arrested over alleged hacking of car sharing company
A former TechCrunch employee has been arrested in Australia on allegations that he hacked a car sharing company, charged vehicles to other users and stole confidential customer data. Thirty-seven-year-old Nik Cubrilovic from Penrose, New South Wales, was arrested Wednesday by detectives from the NSW Police …
Bitcoin boost: LINE, Samsung and Square all announce new cryptocurrency products
Despite negative headlines about the future of bitcoin and cryptocurrencies of late, it turns out a number of leading companies didn’t get the memo: LINE Corp., Samsung Electronics Co. Ltd. and Square Inc. have all announced new cryptocurrency related services in the last 36 …
South Korea now says it has no plans to ban cryptocurrency trading
South Korea’s finance minister said Wednesday that the country now has no plans to ban cryptocurrency trading, in the latest proclamation from a government that has been fighting internally over a proposal to do just that. The announcement came from Kim Dong-yeon, the …
Uber rivals ramp up efforts in fight for ride-hailing market share
Uber Technologies Inc.’s rivals are stepping up their efforts to defeat the unicorn startup, but there’s an interesting twist to the competitive swirl: All of them, including Uber itself, count SoftBank Group Corp. as one of their major investors. Starting in the …
SEC shuts down initial coin offering scam that had raised $600M
The U.S. Securities and Exchange Commission has obtained a court order to shut down a company that had already raised $600 million in an initial coin offering. Called AriseBank, the company was selling tokens to assist in establishing the “first decentralized bank to offer …
Bitfinex Tether fraud investigation causes bitcoin price to dive
The price of bitcoin plunged in trading Tuesday as news emerged that leading cryptocurrency exchange Bitfinex and related company Tether are under investigation by authorities on potential fraud allegations. The investigation was launched by the U.S. Commodity Futures Trading Commission. It’s looking into whether …
Facebook bans ads for bitcoin and initial coin offerings
Hoping to protect its users from scammers, social networking giant Facebook Inc. has banned all advertising related to cryptocurrencies, including anything to do with bitcoin and initial coin offerings. Facebook Product Management Director Rob Leathern said in a blog post that “misleading …
Chinese bitcoin exchange BTCC acquired by Hong Kong investment fund
Chinese bitcoin exchange BTCC Technology Ltd. has been acquired by an unnamed Hong Kong-based blockchain investment fund. The move will allow the company to expand into international markets following mainland China’s crackdown on all things cryptocurrency. Founded in 2011, BTCC was China’s oldest bitcoin …