Duncan Riley
Latest from Duncan Riley
Thanks to a continued flush of huge funding rounds, venture capital flowing into U.S.-based companies rose 17 percent last year, to $71.9 billion. The numbers, released early Wednesday by PricewaterhouseCoopers LLP and CB Insights’ in their quarterly MoneyTree Report, found that overall venture capital …
Bitcoin ETF applications withdrawn following SEC advice
Attempts to bring bitcoin exchange-traded funds to market have taken a blow as several companies withdrew their applications following feedback from the Securities and Exchange Commission. Companies that have withdrawn their applications include Direxion Shares ETF Trust, Exchange Listed Funds Trust and ProShares Trust, …
Hijacking for cryptocurrency mining: coming to a public Wi-Fi hotspot near you
Connecting to public Wi-Fi networks has always come with a certain level of risk, but in a new twist, the next time you connect at your local cafe, it could be hijacked to mine for cryptocurrencies. Initially published as a proof of concept …
Kodak shares surge 200% after company announces initial coin offering
Shares in Eastman Kodak surged by nearly 200 percent Tuesday after the venerable company announced it was jumping on the blockchain bandwagon with an initial coin offering and blockchain-based platform for managing digital rights for photographers. Kodak, for those without long memories …
Microsoft forced to stop issuing faulty Meltdown and Spectre patches
Microsoft Corp.’s usually mundane monthly “Patch Tuesday” release took a different twist this month following a mad scramble to issue fixes for the Meltdown and Spectre vulnerabilities disclosed last week, some of which have since been found to have problems. The monthly patch …
Questionable report claims China is looking to ban bitcoin mining again
China is reported to be moving to ban bitcoin mining again, maybe. A questionable report surfaced Monday that claims a previously unknown regulator in China is asking other government authorities to push bitcoin miners out of business. The claim comes from Quartz, which reported that the directive …
Toymaker VTech pays $650,000 to settle complaint related to 2015 hack
Children’s toy maker VTech Holdings Ltd. has agreed to pay $650,000 to settle a complaint brought by the Federal Trade Commission related to the hacking and subsequent theft of data on its customers in 2015. The FTC alleged in its complaint that …
Amazon Alexa to be preinstalled on a range of new Windows 10 PCs
Amazon.com Inc. has opened a new front in its efforts to dominate the smart home assistant market: It has signed new deals with a range of manufacturers that will see Alexa preinstalled on Windows 10-powered personal computers. Announced at the Consumer Electronics …
Reports claim messaging app Telegram is preparing a $500M initial coin offering
Encrypted-messaging startup Telegram Messenger LLC looks like it will be the latest company to jump on the initial coin offering bandwagon, according to a number of reports in recent days. Cryptovest broke the news first on Jan. 5, revealing both a teaser …
GoPro dumps Karma drone as part of a broader restructure
Troubled action camera maker GoPro Inc. is exiting the drone market as part of a broader restructure of the company as it struggles to grow sales in a highly competitive market. The news of GoPro’s exit from drones came via its fourth-quarter …