Duncan Riley
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Cryptocurrencies plunge as market uncertainty spreads to digital assets
Cryptocurrency prices plunged into Thursday as a plunge in the stock markets Wednesday spread to digital assets. Bitcoin led the red ink, dropping by as much as 7 percent to trade at its lowest price since Aug. 10. As of 8:45 p.m. EDT, the cryptocurrency was trading at $6,188.19, slightly up from a low of $6,128.24 ...
Apple IDs used to steal funds from Chinese payment services
China’s two largest mobile payment service providers said today that customer funds have been taken by hackers using stolen Apple Inc. account details and that the computing giant so far has failed to act on the matter. The first accusation came from Ant Financial Services Group’s Alipay, which according to Reuters took to social media to warn users ...
Katzenberg and Whitman tip new details about mobile streaming video service Quibi
There’s money to be made in short-form mobile streaming video, at least according to former Walt Disney Co. Chairman Jeffrey Katzenberg and former Hewlett Packard Enterprise Inc. head Meg Whitman (pictured), who today unveiled the name of their new company that aims to do exactly that. Called Quibi, short for “quick bites,” the service aims at 25- ...
Leading tech stocks hammered as US markets correct following record highs
In a day of red ink as markets retreated from record highs, tech stocks took a massive hammering Wednesday, in some cases more so than the rest of the market. CNBC claimed this was the worst day for tech stocks since August 2011. The plunge was led, at least among the broad tech giants, by Amazon.com ...
Andy Rubin’s Essential reportedly working on an AI phone
Troubled phone maker Essential Technologies Inc., the company founded by Android creator Andy Rubin, is apparently taking another stab at producing something people want to buy in the form of an artificially intelligent smartphone. Having canceled plans for a second smartphone release in May, a report from Bloomberg claimed, Essential is now all-in on a “new ...
Report: Apple’s on-demand video service will be partially free to Apple users
Apple Inc.’s long-rumored Netflix-like video subscription service is closer to fruition with a surprising twist, as a new report claimed the core service will be free for Apple device owners. CNBC, quoting people familiar with the matter, claimed the digital video service will marry original content and subscription services from legacy media companies with owners of ...
Bloomberg makes fresh Chinese spying claims as others cast doubt on story
Bloomberg made fresh claims in its ongoing China spy chips story today, while others continued to cast doubt on the veracity of the claims. Bloomberg first published a report on Oct. 4 that claimed China had inserted tiny spying devices in various forms of technology such as data center servers, including those used by Amazon.com Inc. and ...
Garmin-owned marine navigation company latest to expose customer data
Navionics srl a socio unico, a division of Garmin Ltd. that offers marine navigation services, is the latest to suffer from a data breach, exposing the records of more than 260,000 customers. The data, discovered by security researcher Bob Diachenko, were left open to all and sundry on an unsecured MongoDB database and was indexed by the Shodan ...
Dragonfly Capital Partners cryptofund attracts $100M from top-tier investors
Top Silicon Valley and Asian investors have backed a new cryptofund promising to bridge the gap between East and West to the tune of $100 million. Called Dragonfly Capital Partners, the fund was revealed today. Offering investors a single, diversified access point to cryptoassets, it’s led by Alexander Pack, who previously worked on crypto and fund ...
Audit finds Defense Department weapons are easy to hack
An audit of weapon systems currently under development by the U.S. Department of Defense has found that many are easy to hack. The finding comes via a report from the U.S. Government Accountability Office issued today. The agency, which provides nonpartisan information to Congress, based the report on systems testings of a variety of weapons ...