Duncan Riley
Latest from Duncan Riley
Japan blames declining eyesight levels among kids on smartphone use
Smartphone use is causing declining levels of healthy eyesight among children, according to the Japanese Government. The finding comes from the country’s Education, Culture, Sports, Science and Technology Ministry. It found that the eye health of younger children in particular is rapidly declining. Students who earned a healthy eyesight rating of 1.0 on the Japanese system ...
Report: Wall Street banks back away from cryptocurrencies
Wall Street banks are backing away from introducing cryptocurrency related products after the precipitous decline in their value this year, according to a report from Bloomberg. Multiple leading firms had either announced or were rumored to be entering the market earlier in the year, but few have come to fruition. The report said that “while ...
Report: Facebook is developing its own cryptocurrency for use with WhatsApp
Facebook Inc. is looking at entering the cryptocurrency market with its own stablecoin, according to a new report. Bloomberg, quoting people familiar with the matter, claimed the Facebook is designing the stablecoin for use with its WhatsApp messaging app, focusing first on the remittances market in India. Stablecoins offer the benefits of a cryptocurrency, including ...
Bitcoin breaks through $4K as ‘Santa Claus rally’ continues to gather steam
The price of bitcoin today broke through $4,000 as the so-called “Santa Claus rally” that started on Dec. 17 continues to gather steam. After a horrific year that saw its price drop from a high of nearly $20,000, bitcoin hit its bottom of $3,139.96 on Dec. 15. On Dec. 17, bitcoin rose from $3,236.84 to $3,503.20 while ...
Report: Ethereum blockchain firm ConsenSys to lay off 50-60% of employees
Two weeks after it was reported to be laying off around 13 percent of its workforce, Ethereum blockchain startup and venture capital firm ConsenSys is cutting even more workers in an apparent sign that it may be in serious trouble. Problems at the company, formally called Consensus Systems Inc., were first detailed in an article Dec. 5 that ...
Major UK airport shut down after rogue drones spotted
One of the U.K.’s largest airports remains closed after rogue drones were seen near its main runway on Wednesday and Thursday. After the first drone sighting, Gatwick Airport, one of a number of airports in the greater London area and the second-busiest in the country behind Heathrow, ceased all inbound and outbound flights at 9:10 ...
Justice Department indicts two Chinese nationals over global hacking campaign
The U.S. Department of Justice today indicted two Chinese nationals over their role in a hacking group that allegedly broke into and stole data from 45 U.S. tech companies and government agencies. The two men are Zhu Hua, known online as Afwar, CVNX, Alayos and Godkiller, and Zhang Shilong, also known as Baobeilong, Zhang Jianguo ...
Microsoft issues urgent security update for Internet Explorer
Microsoft Corp. today issued a rare standalone security update for Internet Explorer after the discovery of an actively exploited vulnerability. Discovered by Google LLC’s Threat Analysis Group, it’s described as a vulnerability in the way in which the Internet Explorer scripting engine handles objects in memory. “The vulnerability could corrupt memory in such a way ...
Adding to a growing queue, Pinterest prepares for 2019 initial public offering
Adding to a growing list of big tech companies ready to test the public markets, photo sharing site Pinterest is reported to be preparing for an initial public offering in 2019. The Wall Street Journal, citing people familiar with the company’s plans, today said Pinterest could go public as soon as April on a valuation ...