Duncan Riley
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Brushing aside worries about fallout from the United Kingdom’s Brexit vote last year, person-to-person lending platform provider Funding Circle Ltd. has raised $100 million in a late and large Series F round led by Accel Partners. Founded in 2010, Funding Circle connects …
Mobile payments startup iZettle raises $63M in new funding
Swedish mobile payments startup iZettle AB has raised $63 million in new funding to push its mini-credit card readers that turn smartphones or tablets into cash registers. The new funding was raised at a valuation of $500 million, according to TechCrunch, through a …
Exchange investigation in China drives bitcoin price down 18 percent
The price of bitcoin dropped as much as 18 percent in trading Wednesday as Chinese authorities announced they were launching spot checks on leading bitcoin exchanges within its borders. China’s Central bank published an announcement that it will start carrying out site inspections on …
Department of Transportation establishes autonomous device advisory committee
The U.S. Department of Transportation has established a new advisory committee to come up with policies for autonomous drones, self-driving cars and similar technologies. Chaired by General Motors Co. Chief Executive Officer Mary Barra, the committee includes representatives from, among others, Zipcar …
Google parent Alphabet grounds Titan Internet drone division
Google Inc.’s parent company Alphabet Inc. has continued the purge of its X moonshots division by closing its Titan drone division and related Project Skybender that were intended to provide Internet access to remote areas. First reported by 9to5Google, the closure resulted …
27,000 MongoDB database installations hijacked, held for ransom
Some 27,000 MongoDB database installations have been compromised and hijacked in a widespread ransomware attack, according to security researchers. The attack, which started on New Year’s Day, initially saw 200 MongoDB installs compromised until growing to 2,000 by the Tuesday and then …
Coming of age, blockchain technology will power $11B in credit derivatives trades
The blockchain has finally hit the mainstream. Depository Trust and Clearing Corp., which has been called the central bookkeeper for Wall Street’s securities trades, announced Monday that it will use the technology that powers bitcoin to handle payments and record-keeping for credit default swaps. DTCC …
Goodbye security: Hello Kitty hack confirmed as database published online
A database from Sanrio Co. Ltd., the company behind Hello Kitty, has been published online for the first time, proving once and for all that the company was hacked. News of the hacking emerged in December 2015, when a copy of the database was …
Security automation startup Phantom raises $13.5M Series B round
Palo Alto, California-based startup Phantom Cyber Corp. said Tuesday it has raised $13.5 million to push ahead with its community-powered security automation and orchestration platform. The Series B funding was led by Kleiner Perkins Caufield & Byers and included TechOperators Venture Capital, Blackstone, …
Samsung shows off new car battery that offers 310 miles on 20-minute charge
Samsung Electronic Co. Ltd. wants a bigger slice of the car battery market, showing off its ambitions with new cutting-edge battery cell technology Tuesday at the North American International Auto Show in Detroit. Produced by subsidiary Samsung SDI, the new battery is …