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Fireblocks raises $310 million at $2 billion valuation


Israeli cryptocurrency security company Fireblocks, which develops a secure platform for the transfer of digital assets, announced on Tuesday that it has raised $310 million in Series D funding at a $2 billion valuation. The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X, the venture arm of Thailand’s oldest bank, Siam Commercial Bank, whose investment marks the third global bank to invest in Fireblocks alongside BNY Mellon and SVB Capital.

 

Fireblocks raised $133 million in Series C just four months ago. Calcalist revealed in June that the company was being sued for the loss of $75 million worth in cryptocurrency Ether.

 

Fireblocks co-founders. Photo: Yulia Nar Fireblocks co-founders. Photo: Yulia Nar

 

Fireblocks co-founder and CEO Michael Shaulov told Calcalist that “the legal proceedings had no effect on the funding round as, with all due respect to their lawsuit, it is clear to me what the result will be.” Shaulov, who sold his previous startup Lacoon to Check Point six years ago, added with a smile that “Gil Shwed won’t be buying us this time.”

 

Most of the funding will enter the company’s accounts, but part of it has been allocated for secondary deals, with the company allowing employees to sell some of their shares.

 

Shaulov told Calcalist that the round had one main important goal which was to send a message to the market that Fireblocks is an independent company and is here to stay. “Over the past year, there have been many mergers in our sector which added anxiety to the market. PayPal bought an Israeli company and one of our other competitors was also acquired. This funding round is a very important message for the market that we are not for sale. There aren’t many players in the market that can currently acquire us. We want to show everybody that we have a lot of money. The institutions with which we work like to cooperate with organizations that have a lot of money.”

 

Shaulov also added that “we will recruit more people to our team which helps financial institutions enter this new world. This is a new team that helps traditional players enter the crypto world. We are growing at a crazy rate. We have 500 clients today compared to…

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Billion dollar heists, missing cryptoqueens: Six must-listen cyber podcasts


The Lazarus Heist

Another BBC production, this one telling the story of the most daring bank theft ever attempted – and you probably haven’t even heard of it.

But the story is much more complicated than that.

Geoff White and Jean Lee are the hosts who combine to tell the story of how North Korea, Kim Jong-un and an international math Olympian are involved – and how a single word made all the difference in the attempted heist.

It all starts somewhere you might not expect, too – the infamous hack of Sony in 2014, linked to Seth Rogen movie The Interview.

How did the hackers get access to Sony’s servers and what exactly does it have to do with an attempt to steal a billion dollars? You’ll have your answer in just 10 highly-engaging episodes.

Exit Scam

Exit Scam is a short, eight-part documentary series that deals with the life and apparent death of Gerald Cotten, the founder of Canada’s biggest bitcoin exchange, Quadriga.

Cotten died in India in mysterious circumstances on his honeymoon in 2018 – and afterwards it emerged C$215 million that had been invested in his company had disappeared forever.

Initially it was thought it was because his passwords had been lost, but it turns out that wasn’t the case.

Host Aaron Lammer and producer Lane Brown spent two years investigating Cotten, his business – and his death, because not everyone thinks Cotten is dead.

Interviews with those who knew Cotten are mixed with experts, including one who specialises in finding people who have faked their deaths, to tell this amazing story.

Grumpy Old Geeks

This isn’t solely dedicated to cybersecurity or cryptocurrency but those subjects are dealt with all of the time, and with a healthy dose of scepticism and snark by Jason Defillipo and Brian Schulmeister.

Their weekly guest Dave Bittner is a security expert who hosts a daily cyber security show and so his recurring section is often – but not always – a healthy diversion from the bickering of the two main hosts.

The show is peppered with swearing, references to Star Wars and recommendations for software, television shows and movies.

It won’t take long to work out just how this podcast got its name. Be warned – if the thoughts of two old white…

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Ericsson to partner with Verizon in $8.3 billion deal to expand 5G coverage


Ericsson, a Swedish telecom company with its North American headquarters in Plano, will partner with Verizon to expand its U.S. 5G network in a $8.3 billion deal announced Friday.

Under the five-year agreement, Verizon will utilize Ericsson’s different technology solutions to expand its ultra-wideband 5G coverage. This includes the Massive MIMO, Ericsson Spectrum Sharing and the Ericsson Cloud Radio Access Network.

The deal is the single largest in Ericsson’s history, which stretches back to 1876.

“This is a significant strategic partnership for both companies, and what we’re most excited about is bringing the benefits of 5G to U.S. consumers, enterprises and the public sector,” said Niklas Heuveldop, president and head of Ericsson North America.

Ericsson and Verizon have a long track record of partnering together. In 2020, Verizon became the first communications service provider to receive a commercial 5G base station from the Ericsson smart factory in Lewisville.

Verizon wants to rapidly expand its 5G network as it competes with AT&T and T-Mobile to grant its customers reliable 5G access. The company pledged over $45.5 billion in a C-band auction that closed in February to secure more mid-band spectrum coverage.

“5G is really going to change the future,” said Karen Schulz, who works in global network and technology communications for Verizon. “The fundamental capabilities of 5G will usher in applications and innovations that we’ve never seen before.”

5G has the potential to enhance apps and technologies like augmented reality and the Internet of Things, Schulz said.

In Texas, Verizon users are connected to 5G over 12% of the time, while T-Mobile users are connected 40% of the time and AT&T users are connected over 26% of the time, according to the latest 5G User Experience Report by Opensignal. Nationally, Verizon users are connected to 5G over 10% of the time.

As 5G expands in Texas, businesses are most likely to initially see the largest changes in coverage because they can tap into the network’s full capabilities, said Ram Dantu, director of the Center for Information and Cyber Security at the University of North Texas.

“Consumers may not be able to see the…

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5G Security Market Expected to Exceed a Valuation of USD 5,201.4 Billion by 2026 Growing at 44.25% CAGR

Opt-in to Cyber Safety. Multiple layers of protection for your devices, online privacy and more.


Top leaders in 5G Security Market are Akamai, A10 Networks, Allot, Avast, AT&T, Check Point, Clavister, Cisco, Colt Technology, F5 Networks, Ericsson, ForgeRock, G+D Mobile Security, Fortinet, Huawei, Mobileum, Juniper Networks, Nokia, Positive Technologies, Palo Alto Networks, Radware, Spirent, Riscure, Trend Micro and ZTE among others.

Pune, June 14, 2021 (GLOBE NEWSWIRE) — Market Overview
5G mobile networking technology is one of the key innovations in telecommunications. With its faster data rates than 4G & LTE speeds and low latency & increased bandwidth, 5G technology has exponentially improved the connectivity and connected technology. However, alongside came the cybersecurity concerns and increased vulnerability to online crimes.

Besides, the proliferation of private 5G networks created significant market demand. Organizations are increasingly seeking to significantly improve operations through high capacity, low latency, and fast communications networks, thereby increasing the focus on the security of the data transmitted. Resultantly, Private 5G networks are expected to gain huge momentum in industrial uses.

5G security market worldwide are estimated to garner significant traction. In this regard, Market Research Future (MRFR), a leading research firm, states that the global 5G security market is poised to reach USD 5,201.4 billion by 2026, growing at a massive 44.25% CAGR during the review period (2020–2026). With 5G networking systems incorporated into every business system and growing digitization, the need for 5G security is growing too.

COVID-19 Impact
5G security industry is one of those many industries which remained unaffected by the COVID-19 complications. The onset of the pandemic positively impacted the already-competitive telecom markets and so 5G technology and security markets. Moreover, the massive leap people took to make a living online during the lockdown period increased the market demand for high-speed networks and 5G securities.

On the other hand, the economical setback that occurred due to the coronavirus outbreak worldwide contributed to the market upend, causing many lost jobs and downward discretionary income, thereby fueling…

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