Social investment platform eToro acquires smart contract startup Firmo

Social investing and trading platform eToro announced that it has acquired Danish smart contract infrastructure provider Firmo for an undisclosed purchase price. Firmo’s platform enables exchanges to execute smart financial contracts across various assets, including crypto derivatives, and across all major blockchains. Firmo founder and CEO Dr. Omri Ross described the company’s mission as “…enabl[ing] our […]

Facebook admits it stored ‘hundreds of millions’ of account passwords in plaintext

Flip the “days since last Facebook security incident” back to zero. Facebook confirmed Thursday in a blog post, prompted by a report by cybersecurity reporter Brian Krebs, that it stored “hundreds of millions” of account passwords in plaintext for years. The discovery was made in January, said Facebook’s Pedro Canahuati, as part of a routine […]

Skymind raises $11.5M to bring deep learning to more enterprises

Skymind, a Y Combinator-incubated AI platform that aims to make deep learning more accessible to enterprises, today announced that it has raised an $11.5 million Series A round led by TransLink Capital, with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital and GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO […]

Camera maker Insta360 raises $30M as it eyes 2020 IPO

Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors, including Everest Venture Capital, MG Holdings and Huajin Capital. The Shenzhen-based camera maker declined to disclose its latest valuation. It plans to use the fresh proceeds in research and development, marketing and after-sales services […]

Apple ad focuses on iPhone’s most marketable feature — privacy

Apple is airing a new ad spot focused on privacy today in primetime. The spot is visually cued, with no dialog and a simple tagline: Privacy. That’s iPhone. In a series of humorous vignettes, the message is driven home that sometimes you just want a little privacy. The spot has only one line of text […]

Elizabeth Warren wants to break up Google, Amazon and Facebook

The influential Massachusetts senator and presidential hopeful Elizabeth Warren has been a longtime critic of the consolidation of economic power by Amazon, Google and Facebook. Now she’s making their break-up a key component of her presidential platform. Warren has just released her plan for breaking up big tech, in what seems like a watershed moment […]

Facebook won’t let you opt out of its phone number ‘look up’ setting

Users are complaining that the phone number Facebook hassled them to use to secure their account with two-factor authentication has also been associated with their user profile — which anyone can use to “look up” their profile. Worse, Facebook doesn’t give you an option to opt-out. Last year, Facebook was forced to admit that after […]

Cloudflare expands its government warrant canaries

When the government comes for your data, tech companies can’t always tell you. But thanks to a legal loophole, companies can say if they haven’t had a visit yet. That’s opened up an interesting clause that allows companies to silently warn customers when the government turns up to secretly raid its stash of customer data […]

Japanese internet giant Recruit has a new $25M blockchain fund

Crypto market prices may be down significantly, but new investors continue to enter the blockchain space. The latest is Recruit Holdings, the $45 billion Japanese internet giant that owns Glassdoor among other things, which quietly launched a $25 million fund. The fund is based out of Singapore and it closed in November 2018, but its […]

Medal.tv’s clipping service allows gamers to share the moments of their digital lives

As online gaming becomes the new social forum for living out virtual lives, a new startup called Medal.tv has raised $3.5 million for its in-game clipping service to capture and share the Kodak moments and digital memories that are increasingly happening in places like Fortnite or Apex Legends. Digital worlds like Fortnite are now far more […]