Duncan Riley
Latest from Duncan Riley
Bitcoin wallet and blockchain explorer startup Blockchain (Blockchain Luxembourg S.A.) is celebrating a new milestone: passing the 10 million-wallet mark. The company claims that it is the first wallet provider to reach this milestone and it now holds over 50 percent of …
iPayYou launches bitcoin-to-Amazon payment service
Bitcoin wallet provider iPayYou Inc. has launched a new service that allows users to purchase goods on Amazon.com Inc. using bitcoin. Called Amazon Direct, the service allows users to transfer any amount of bitcoin from their iPayYou bitcoin wallet to Amazon. To …
Walmart and IBM test blockchain for custom supply chain tracking
Distributed ledger blockchain technology may be be known for its original use for powering bitcoin and more recently for its financial technology implementations. Now, it’s being applied to supply chain management and tracking. IBM Corp. and retailing giant Wal-Mart Stores Inc. have …
IRS attempts to obtain a copy of every U.S. Coinbase bitcoin customer
The U.S. Internal Revenue Service has asked bitcoin exchange Coinbase Inc. for a copy of all of its U.S. users and their transactions. A petition filed by the Department of Justice on behalf of the IRS in the District Court for the Northern District …
Feds investigating Facebook’s Aquila Internet drone after crash landing
The U.S. National Transportation Safety Board is investigating the crash of a drone built by Facebook Inc. to provide Internet access to remote areas. Facebook’s solar-powered Aquila drone has a wingspan roughly equivalent to a Boeing 737, coming in at 141 feet. It …
Goldman Sachs, others leave blockchain development consortium R3
Fintech blockchain development group R3CEV LLC (R3) has taken a blow as a number of leading banks have decided to leave the consortium, limiting the startup’s ability to raise funding. At the top of the list was merchant banking giant Goldman Sachs …
Meet Golem, the crowdsourced supercomputer that just raised $8.6 million
What if distributed cloud resources running the Ethereum blockchain to deliver supercomputer-scale power could be a way to make scientific discoveries and run artificial intelligence? That’s the goal of the highly ambitious Golem Network (Golem Factory GmhB), a startup that has raised …
Symantec buys identity theft protection firm LifeLock for $2.3B
Security software maker Symantec Corp. has acquired identity theft protection firm LifeLock Inc. for $2.3 billion. The deal equates to $24 a share for LifeLock stock, 16 percent above its closing price on Friday. Founded in 2005, LifeLock offers identity theft monitoring services …
Blockchain-based card payments system successfully tested in the UK
Blockchain-based card payment systems may be coming to retail banking in 2017 following a successful trial of such a system in the United Kingdom this week. The system is based on technology from SETL Development Ltd. in conjunction with Deloitte Touche Tohmatsu …
SpaceX applies to launch 4,425 satellites for global Internet coverage
Elon Musk’s Space Exploration Technologies Corp., better known as SpaceX, has filed paperwork with the Federal Communications Commission to launch a staggering 4,425 satellites into space. The satellites, first announced in January 2015, would be launched into low earth orbit and will …