Microsoft Corp. wants a slice of the early stage cloud startup pie and announced Monday a new venture arm that will do exactly that. Called Microsoft Ventures, the formalized initiative will be focused on early stage startups that are developing products and services that complement Azure infrastructure, building new business Software-as-a-Service (SaaS) applications, promoting more personal ...

A  University professor testified Friday at a money laundering trial in Miami, Florida, that Bitcoin could not be considered money under Florida law and was more akin to poker chips. Barry University associate economics professor Charles Evans made the claim during the trial of Michell Espinoza, who according to The Miami Herald is accused of illegally selling ...

A man arrested following the raid of the notorious cybercrime forum Darkode has been sentenced to one year and one day in jail for his activities on the site. Rory Stephen Guidry, 29, of Opelousas, Louisiana, was sentenced on one count of obtaining information by computer from a protected computer after pleading guilty as part ...

Social media has become the primary source for news for the majority of adult Americans, a new study from the Pew Research Center has found. The survey of 4,654 people across nine different social networking sites found that 62 percent got their news from social networking sites, but the split varied depending on which site ...

Up to a dozen banks may have been targeted using malware to steal funds using the The Society for Worldwide Interbank Financial Telecommunication (Swift) platform, as one report claims that North Korea may be behind the attacks. Security firm FireEye, Inc. is said to have been contacted by numerous other banks, including some in New ...

If you’ve ever had a MySpace account it’s time to be concerned, with a revelation that 427 million usernames and passwords have been hacked from the site. LeakedSource, a site that gathers leaked data and places it into a searchable database, claims that the MySpace user information was provided to them by an anonymous user ...

Wearables company Jawbone, Inc. may be coming to its end of days with reports that it is exiting its core businesses in one final attempt to bring a “Hail Mary” medical device to market. The first sign of serious trouble came Friday, when Tech Insider reported that Jawbone has stopped making its UP fitness trackers ...

What do you do if you’re a large technology company with over $200 billion in cash reserves and are looking at ways to spend some of it? If you’re Apple, Inc. you might consider buying Time Warner, Inc, the owner of HBO, CNN and Warner Bros., according to one report Thursday. FT claims that Apple’s ...

Messaging app maker Snapchat, Inc. has raised $1.81 billion in a Series F round, the company disclosed in a financial filing Thursday. The round itself was raised over a full year and included previously disclosed investments including $175 million from Fidelity Investments in March, and its original Series F round from May 2015 which was ...

Intel Corp. has acquired computer vision startup Itseez, Inc. for an undisclosed price. Founded in 2005 and originally known as Computer Vision Center Argus, Itseez develops computer vision algorithms and implementations for embedded and specialized hardware with software that can be used in cars, security systems and other platforms. Computer vision, if you’re not familiar ...