Duncan Riley
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Bitcoin teases $10,000 as one hedge fund manager says price could hit $40,000 next year
The price of bitcoin teased the $10,000 mark in trading Monday, actually passing it on some Asian exchanges, as continued good news surrounding the cryptocurrency led one hedge fund manager to predict that the price could hit $40,000 by the end of 2018. Bitcoin first hit $10,000 on South Korea-based bitcoin exchanges Bithumb, Coinone and Korbit, while directly ...
SoftBank offers to buy Uber shares at a 30% discount to previous valuation
SoftBank Group Corp. is offering to buy Uber Technologies Inc. shares from existing investors at a 30 percent discount on the price at which the ride-hailing company was last valued, according to reports published Monday. CNBC, quoting a person familiar with the matter, said SoftBank is offering to buy the shares on a valuation of ...
Facebook patches vulnerability that allowed any picture to be deleted
Facebook Inc. has patched a security vulnerability that allowed any user to access and then delete any photo uploaded by another user. The vulnerability, discovered by security researcher Pouya Darabi, involves a coding issue in a recently release polling feature launched by the social network. Within the polling feature, users can attach photos to poll questions, doing so ...
Trend Micro acquires Immunio to boost its software development security offering
Security firm Trend Micro Inc. has acquired Montréal, Canada-based Immunio Inc., a startup specializing in web application security, for an undisclosed price. Founded in 2013, Immunio sells a platform that offers runtime self-protection technology, which protects web apps against application-layer attacks. The platform offers protection services and hardens applications against common attacks targeting typical security weaknesses ...
Three Chinese nationals indicted over alleged state-sponsored hacking
Three Chinese nationals have been indited by the U.S. Department of Justice on allegations that they were behind the hacking of Moody’s Corp., Siemens AG and Trimble Inc. between 2011 and the middle of this year. The indictment names Wu Yingzhuo, Dong Hao and Xia Lei, employees and owners of cybersecurity firm Guangzhou Bo Yu Information Technology Company ...
UK law would require drone users to pass safety awareness tests
The United Kingdom is set to be the latest country to crack down on the use of drones as it published draft laws that would require some drone users to pass safety awareness tests, among other things. The proposed legislation, aimed at preventing the unsafe or criminal use of drones, is claimed to make sure drone ...
Bitcoin surges through $9,000 as report claims up to 23% of bitcoin may be permanently lost
The price of bitcoin surged past $9,000 for the first time on Sunday for a new record high as a new report claimed that as many as 23 percent of all bitcoin may be permanently lost, creating further scarcity in a market with rising demand. The tale of the lost bitcoins comes from security firm Chainalysis, which told ...
Report: FBI failed to warn targets of Russian-linked hacking group
The Federal Bureau of Investigation knew the Russian-linked Fancy Bear hacking group was targeting U.S. government officials for at least a year and failed to notify all but a handful of the targets, according to a report from the Associated Press. In what could become a massive scandal for the bureau, AP claims to have interviewed nearly ...
Email addresses and passwords stolen in hack of image-sharing site Imgur
Popular image-sharing site Imgur Inc. has disclosed that it was hacked back in 2014, with the details of 1.7 million users stolen. The hack was first detected by Troy Hunt of data breach notification service Have I Been Pwned, who had the stolen data sent to him last week. Hunt subsequently informed Imgur on Thursday that he was ...