Duncan Riley
Latest from Duncan Riley
Facebook Inc. is trying to expand its presence in the burgeoning augmented reality market with the public launch of AR Studio, a platform based on code it acquired from MSQRD Inc. back in 2016. AR Studio is claimed to be a platform that “empowers …
Cisco survey finds consumers like IoT devices but don’t trust their security
Consumers see great value in “internet of things” devices but lack trust in them because of security concerns, according to a survey recently undertaken by Cisco Systems Inc. The “IoT Value/Trust Paradox” survey of 3,000 consumers found that 53 percent of respondents …
Report finds malicious apps on Google Play continue to grow
Malicious apps on Google Play continue to grow in number as the search and mobile giant struggles to filter submissions, according to a new report covering mobile security published today. The RiskIQ Inc. mobile threat landscape report for the third quarter found …
Futures traders predict bitcoin price rise will rapidly slow
Investors in bitcoin futures launched on the Cboe Global Markets exchange Sunday are predicting that growth in the price of the cryptocurrency will rapidly slow in the coming months, ending an unprecedented bull run that has seen the price of bitcoin increase by 1,600 percent …
Newly discovered Russian hacking group steals $10M+ from banks
A newly discovered Russian hacking group is said to have stolen at least $10 million from banks in the United States, United Kingdom and Russia. The claim comes today from the Moscow-based cybersecurity firm Group-IB, which said the group, dubbed “MoneyTaker,” has stolen funds …
Enterprise cryptocurrency wallet startup BitGo raises $42.5M
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, …
Apple removes fake cryptocurrency app from store following complaint
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 …
As SEC cracks down, Munchee shuts down initial coin offering
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 …
Security company discovers database of 1.4B user credentials on the dark web
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. …
Bitcoin price steadies as first futures contracts begin trading on Cboe exchange
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 …