Tradeshift to Raise $250M During Series E Financing

To date, the total amount of Tradeshift venture capital investments attracted was $ 400 million, and the company's value is estimated at $ 1.1 billion
31 May 2018   617

Specializing in supply chain management, the Danish company Tradeshift raised $ 250 million during the E-series financing round, led by Goldman Sachs and PSP Investments. This is reported in a press release of the company.

Financing participated financial conglomerate HSBC, venture company H14, American Express Ventures and Santander InnoVentures took part in financing too. To date, the total amount of Tradeshift venture capital investments attracted is $ 400 million, and the company's value is estimated at $ 1.1 billion.

The funds will be used to invest in emerging technologies, such as artificial intelligence and blockchain, and to expand the company to the markets of Europe and Asia. The development of new technologies will be handled by the Frontiers division, created by Tradeshift in January this year.

We have always believed that the future of supply chains is 100 percent digital and that connecting trade is just the first step to a digitally connected economy. This investment will enable us to continue our rapid growth and consolidate our leadership position. We welcome Goldman Sachs and PSP Investments as our newest investorsand look forward to their valuable contributions as we enter our next growth phase.

Christian Lanng

CEO and Co-Founder, Tradeshift

Also last week, the Danish company launched the payment system oriented to B2B-segment called the Tradeshift Pay. It is a cloud blockchain-based platform for managing supply chains.

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.