Duncan Riley

Duncan Riley is a senior writer at SiliconANGLE covering Startups, Bitcoin, and the Internet of Things. Duncan is a co-founder of VC funded media company B5Media and founder of news site The Inquisitr, and was a senior writer at TechCrunch in its earlier days. Tips? Press releases? Intersting startup? email: duncan@nichenet.com.au or contact Duncan on Twitter @duncanriley

Latest from Duncan Riley

Amazon Web Services acquires advanced threat detection startup Sqrrl

Amazon Web Services Inc. has acquired Sqrrl Data Inc., a Massachusetts-based cybersecurity software company that specializes in advanced threat detection for large enterprises. The price of the deal, first rumored last month, was not disclosed but was previously reported to be “north of $40 million.” Sqrrl had raised $26.5 million coming into its acquisition, including a $12.3 million ...

Bitcoin fails as a currency: Payment processor Stripe abandons support

Payments startup Stripe Inc. is set to the be the latest company to abandon support for bitcoin payments. The company said Tuesday it will drop support for the cryptocurrency starting April 23, citing a lack of user interest, transaction costs and processing delays as being behind their decision. Stripe added support for bitcoin in 2014, ...

SpriteCoin ransomware pretends to be a cryptocurrency wallet to get installations

In a different twist on traditional ransomware, a newly discovered attack pretends to be a new cryptocurrency wallet to persuade users to install it, then takes over control of files on a victim’s personal computer. Called SpriteCoin, the same name of the fake cryptocurrency it purports to be promoting, by researchers at Fortinet Inc., the ransomware ...

Researchers find Tinder is a steaming hot … security mess

Months after a journalist found that online dating app Tinder gathered staggering amounts of information about users, security researchers have discovered that at least some of that information could be easily stolen due to inadequate security used by the app. The claim comes today from the Checkmarx Ltd. security team, which discovered what is described as “disturbing vulnerabilities in ...

The battle for the home is on: Apple’s delayed HomePod smart speaker goes on sale Feb. 9

Apple Inc. is finally bringing its delayed HomePod smart speaker to market, announcing today that it will be available starting Feb. 9, with preorders opening Friday. The $349 speaker, a competitor to Google LLC’s Home and Amazon.com Inc.’s Echo, was announced at the Apple Worldwide Developers Conference in June with a promised delivery date of December. ...

Report: Apple to cease iPhone X production in midyear thanks to lackluster sales

How much is too much for a smartphone? The answer to that question may be $999. A report Monday claimed that Apple Inc. is planning to cease production of its flagship iPhone X model thanks to lackluster sales. The claim comes from renowned KGI Securities analyst Ming-Chi Kuo, who said in a memo that the move was a response ...

Research finds 10 percent of funds raised in ICOs are stolen by hackers

About 10 percent of funds raised in initial coin offerings in 2017 were stolen by hackers, according to newly published research from global accounting firm Ernst & Young LLP. The research, which studied 372 ICOs in 2017, found that although the amount of funds raised via ICOs is approaching $4 billion — twice the volume of venture ...

Report: Bitcoin exchange Coinbase booked $1B in revenue last year

Bitcoin exchange Coinbase Inc. is believed to have booked $1 billion in revenue in 2017, arguably justifying the faith of investors who made it the first “bitcoin unicorn” back in August. Recode, quoting “industry sources,” makes the claim in a report that also suggests that as recently as September, the company only expected to book $600 ...
ANALYSIS

Bitcoin suffered a price correction – just don’t call it a crash

Bitcoin’s price floated around the $11,000 to $13,000 price range over the weekend while other cryptocurrencies likewise stabilized following a dramatic price correction last week. In what is more accurately described as a price correction — not a crash as it was described by some publications — bitcoin dropped from historic highs of around $19,000 to below ...

Intercontinental Exchange will bring live cryptocurrency data to hedge fund investors

Intercontinental Exchange Inc. is bringing bitcoin and cryptocurrency price data to hedge fund investors in a deal with Blockstream Inc. that will deliver a cryptocurrency price data feed based on real-time information from more than 15 exchanges. The feed will offer information on prices, trading volume and order book for several leading cryptocurrencies, including bitcoin, with the ...