Duncan Riley
Latest from Duncan Riley
California has become the first state to allow self-driving vehicles to operate on public roads without having an operator inside. The new law, approved by California Governor Jerry Brown, was created to allow a project at the Bishop Ranch office park in …
Velocity debuts demo of blockchain smart contracts platform
Distributed derivatives startup Velocity has debuted a demo of their new blockchain smart contract on price feeds platform. Built using blockchain technology and Ethereum smart contracts, the platform aims to make derivatives trading more transparent, accessible and secure. The decentralized options platform provides …
Bitscan, Waves join to build blockchain-based loyalty network
Australian cryptocurrency directory and merchant hub BitScan Pty. Ltd. has partnered with custom blockchain token platform Waves to create a new blockchain-based, merchant-defined loyalty and rewards network. Called the Incent Loyalty Network, the platform is being designed to be transportable between brands …
Apple ordered to pay VirnetX $302.4 million for patent infringement
A jury in Texas Friday ordered Apple Inc. pay VirnetX Holding Corp. $302.4 million in damages for over Apple’s use of VirnetX’s patented Internet security technology without permission. Apple is alleged to have used VirnetX’s Virtual Private Network on Demand (VOD) technology …
Fintech P2P mobile payments startup Remitly raises $38 million
Person-to-person (P2P) mobile payments startup Remitly Inc. has raised $38 million in a mix of new equity and debt financing from IFC and Silicon Valley Bank. Founded in 2011, Remitly offers a mobile payments service that enables consumers to make P2P international …
Chinese open source blockchain startup Antshares raises $4.5M through crowdsourcing
Chinese open source blockchain startup Antshares has raised more than $4.5 million in a crowdsourced fundraising. Founded in 2015, Antshares is building a decentralized and distributed network protocol based on blockchain technology that will allow users to digitalize assets or shares, and …
Google opens Waze Rider carpooling service to San Francisco Bay Area
Google Inc. has opened Waze Rider, its formerly experimental carpooling service, to the San Francisco Bay Area. The service, first rumored to be coming in August, works differently from alternatives offered by the likes of Uber Technologies Inc. and Lyft Inc. Riders …
Mexican bitcoin exchange Bitso has raised $2.5m in round led by Monex Group
Mexican bitcoin exchange Bitso SAPI de CV (Bitso) has raised $2.5 million Series A in a round led by Monex Group that included Variv Capital, Xochi Ventures, Digital Currency Group, FundersClub, Bitcoin Capital and Blockchain Tech Limited. Founded in 2014, Bitso is …
Cryptocurrency Onecoin under police investigation, accused of being a Ponzi scheme
A dubious cryptocurrency is under investigation by police in the United Kingdom following allegations that it is nothing more than a Ponzi scheme. Called Onecoin, the cryptocurrency first appeared in around 2015 and is being promoted as the next bitcoin. The coin …
End of an era as BlackBerry to stop developing and making its own phones
Marking an end of an era, BlackBerry Ltd. has announced that it will stop developing and making its own phones. The once famous phone maker’s decision to abandon the phone business follows a strategic move by the company to shift its business …