Duncan Riley
Latest from Duncan Riley
A jury in Texas Friday ordered Apple Inc. pay VirnetX Holding Corp. $302.4 million in damages for over Apple’s use of VirnetX’s patented Internet security technology without permission. Apple is alleged to have used VirnetX’s Virtual Private Network on Demand (VOD) technology …
Fintech P2P mobile payments startup Remitly raises $38 million
Person-to-person (P2P) mobile payments startup Remitly Inc. has raised $38 million in a mix of new equity and debt financing from IFC and Silicon Valley Bank. Founded in 2011, Remitly offers a mobile payments service that enables consumers to make P2P international …
Chinese open source blockchain startup Antshares raises $4.5M through crowdsourcing
Chinese open source blockchain startup Antshares has raised more than $4.5 million in a crowdsourced fundraising. Founded in 2015, Antshares is building a decentralized and distributed network protocol based on blockchain technology that will allow users to digitalize assets or shares, and …
Google opens Waze Rider carpooling service to San Francisco Bay Area
Google Inc. has opened Waze Rider, its formerly experimental carpooling service, to the San Francisco Bay Area. The service, first rumored to be coming in August, works differently from alternatives offered by the likes of Uber Technologies Inc. and Lyft Inc. Riders …
Mexican bitcoin exchange Bitso has raised $2.5m in round led by Monex Group
Mexican bitcoin exchange Bitso SAPI de CV (Bitso) has raised $2.5 million Series A in a round led by Monex Group that included Variv Capital, Xochi Ventures, Digital Currency Group, FundersClub, Bitcoin Capital and Blockchain Tech Limited. Founded in 2014, Bitso is …
Cryptocurrency Onecoin under police investigation, accused of being a Ponzi scheme
A dubious cryptocurrency is under investigation by police in the United Kingdom following allegations that it is nothing more than a Ponzi scheme. Called Onecoin, the cryptocurrency first appeared in around 2015 and is being promoted as the next bitcoin. The coin …
End of an era as BlackBerry to stop developing and making its own phones
Marking an end of an era, BlackBerry Ltd. has announced that it will stop developing and making its own phones. The once famous phone maker’s decision to abandon the phone business follows a strategic move by the company to shift its business …
Report: Spotify in advanced talks to acquire Soundcloud
Music streaming service Spotify AB is in advanced talks to acquire audio distribution platform provider Soundcloud Ltd., according to a report published Wednesday. The Financial Times notes that their sources are unclear on how much Spotify would pay for Soundcloud, and that …
Amazon to trial in-home delivery using smart home devices to gain access
Amazon.com Inc. may soon deliver goods not only to the outside of your home but inside of it as well, even when you’re not there. It may sound like magic, or alternatively breaking and entering. But the ability to deliver goods inside …
Microsoft to integrate Yammer Enterprise plan into Office 365
Microsoft Corp. announced Tuesday that it was retiring the Yammer Enterprise plan and integrating its features into Office 365 instead. The move comes some four years after Microsoft acquired Yammer for $1.2 billion. Microsoft will retire the standalone Yammer Enterprise plan on January …