Duncan Riley
Latest from Duncan Riley
Bitcoin price recovers after surprise SEC rejection of Winklevosses’ proposed fund
The price of bitcoin recovered over the weekend after the shock rejection by the Securities and Exchange Commission of the application from the Winklevoss twins to list their Bitcoin Trust Exchange-Traded Fund. The famous twins filed the proposed ETF back in 2015 as a way for those interested in investing in bitcoin to do so without investing ...
Israeli startup Cymulate raises $3M for cyberattack simulation platform
Software-as-a-Service cyber-attack simulation startup Cymulate has raised $3 million funding round led by Susquehanna Growth Equity LLC. Founded in 2016 in Israel, Cymulate offers a cybersimulation platform that can assess the security preparedness of customers by exposing hidden vulnerabilities on enterprise networks so they can be addressed before they can be exploited. The startup’s platform covers ...
Critical Apache Struts 2 web server vulnerability targeted by hackers
Hackers are targeting a recently revealed critical zero-day vulnerability in the Apache Struts 2 framework that is used in millions of web servers employed by banks, government agencies and large Internet companies. The vulnerability (CVE-2017-5638) is a remote code execution bug that affects the Jakarta Multipart parser in Apache Struts 2 that allows hackers to inject ...
Google’s AI company DeepMind reveals blockchainlike audit tool for health records
Google Inc- owned artificial intelligence company DeepMind Technologies Ltd. has provided more details on its deal with Britain’s National Health Service to digitize healthcare records, including the development of a blockchain-like tool to address privacy concerns. Called “Verifiable Data Audit,” the new tool will allow hospitals, and potentially even patients, to see exactly who is using ...
Who needs an IPO? Airbnb raises $1B round for a $31B valuation
Online accommodation marketplace Airbnb Inc. has raised $1 billion in a late-stage round that is believed to have included Google Capital and TCV. First reported by CNBC, the Series F round consisted of two parts, an initial $555 million raised and reported by a Securities and Exchange Commission filing lodged in September and an additional $445 ...
Report: Cloudera has confidentially filed its IPO paperwork
Big data company Cloudera Inc. has filed its S-1 paperwork for an initial public offering, according to a report published Thursday. Bloomberg, citing “people with knowledge of the matter,” said the filing was made confidentially using the provisions of the Jumpstart Our Business Startups Act that allows an emerging growth company, defined as one with annual revenues ...
Tech companies deliver mixed responses to Wikileaks CIA hacking revelations
Major tech companies including Google Inc., Apple Inc., Microsoft Corp. and Samsung Electronics Co. Ltd. have responded to revelations from Wikileaks that the Central Intelligence Agency had managed to hack devices they produce. Apple led the charge, claiming that the many of the iOS vulnerabilities exploited by the CIA to hack iPhones had already been patched. ...
Bitcoin price plunges as Chinese exchanges suspend withdrawals indefinitely
The price of bitcoin plunged in trading Wednesday following an announcement from China’s three largest exchanges that they would extend their ban on withdrawals on the cryptocurrency indefinitely. BTC China, Huobi and OKCoin made the announcement in separate statements, saying that the suspension will lift only after regulators approve internal compliance upgrades, according to Bloomberg. ...
Bitcoin blockchain P2P payments startup Veem raises $24M in new round
Bitcoin blockchain payment services startup Veem Inc. has raised $24 million in a Series B round for its effort to provide an alternative to expensive wire transfers. Founded in 2014 and previously known as Align Commerce, Veem offers a financial payments platform that facilitates person-to-person payments using bitcoin as the through point for the transfer. The ...
Google Cloud launches new ‘role-based’ engineering support
Google Inc. has unveiled a new commercial support product for companies using its cloud services. Called simply “Engineering Support,” the new product, as the name quite clearly suggests, provides Google engineer support to Google Cloud Platform clients on a role-based subscription model. Google is pitching the new service as providing a number of advantages over its ...