Duncan Riley
Latest from Duncan Riley
Anyone in information technology knows that cyberattacks represent a massive risk for enterprises. But how big? According to a new report, cyberattacks are the third-highest risk to the world economy behind extreme weather conditions and natural disasters. The claim comes from the World Economic Forum’s Global …
Report: SurveyMonkey in talks for an initial public offering
This year is shaping up to be a big one for initial public offerings, and one of the first of 2018 could be cloud questionnaire and survey company SurveyMonkey Inc. Recode, quoting people familiar with the company’s plans, claimed that SurveyMonkey has not …
Cryptocurrencies recover as buyers flood market looking for bargains
In what could be described as an epic rollercoaster ride for investors, cryptocurrency prices bottomed out in trading Wednesday and started to recover, led by a solid increase in bitcoin as buyers flooded the market looking for bargains. After hitting a low of …
Billionaire Thomas Siebel’s startup C3 IoT raises $100M in new funding
Artificial intelligence and “internet of things” software platform provider C3 IoT Inc. today said it has raised $100 million in new funding. The late-stage round was led by TPG Growth and included Rise Fund, Breyer Capital, Sutter Hill, Pat House and C3 IoT …
BitConnect closes investment and exchange service following cease-and-desist notices
Bitcoin investing service BitConnect Ltd. is exiting its investment and exchange business following negative publicity and a number of cease-and-desist notices from U.S. states. The company, established in 2016, originally launched as a platform that allowed bitcoin holders to lend bitcoin to …
IBM and Maersk team up to offer blockchain-based global shipping platform
IBM Corp. and A.P. Moller-Maersk Group are establishing a new jointly owned company to promote and sell a blockchain-based system for managing global shipping. The yet unnamed company will use a platform developed by the two companies as part of trial announced in …
Crypto wipeout: Major cryptocurrencies plummet over China, South Korea ban fears
The price of cryptocurrencies continued to plunge Tuesday as ongoing fears of a ban in South Korea along with a new crackdown on trading in China drove a nearly unprecedented bear market. At the top of the list, bitcoin saw a large …
To take on the giants, self-driving car technology startup Pony.ai raises $112M
Self-driving car technology startup Pony.ai said today it has raised an unusually large early-stage funding round of $112 million in an effort to pull out in front of many well-funded rivals. The Series A round was jointly led by Morningside Ventures and …
Proposed legislation seeks to ban Huawei from U.S. government contracts
Chinese mobile phone maker Huawei Technologies Co. Ltd., along with ZTE Corp., are facing a ban that would prevent their phones and equipment being used by the U.S. government under proposed legislation that is ostensibly seeking to prevent spying by the Chinese government. The bill, H.R. 4747: …
South Korea’s winter of bitcoin discontent: Government fights over proposed ban
South Korea’s crackdown on bitcoin and cryptocurrency trading has turned into a comedic farce worthy of a Shakespeare play, with reports saying that the government is racked with serious infighting over how to go forward with it. The first act of the …