Science Inc. launches $100 million blockchain fund, Kryptos Logic researcher who stopped WannaCry arrested, Tesloop tests out electric freight shipping, and rumors of $30 billion Google buyout of Snap Inc. that never closed.

Science Inc. Launches $100 Million Blockchain Fund

Accelerator Science Inc. announced on Thursday that it was raising funding via a $100 million Blockchain initial coin offering, according to a press release. The digital currency would allow investors to take direct stakes in Blockchain companies that Science accelerates.

Kryptos Logic Researcher Who Stopped WannaCry Arrested

Marcus Hutchins was arrested on Wednesday in Las Vegas for “his role in creating and distributing the Kronos banking Trojan,” according to a spokesperson from the U.S. Department of Justice, reports CNN. Hutchins is a malware researcher at the L.A.-based Kryptos Logic security firm and created a killswitch that prevented the spread of the WannaCry virus.

Tesloop Tests Out Electric Freight Shipping

Tesloop, a long-haul ridesharing company, plans to undertake a freight trip with a Tesla Model X this month, reports TechCrunch. The company plans to tow 3,500 pounds of water from a 7-UP bottling station in Modesto to its Culver City headquarters.

Rumors of $30 Billion Google Buyout of Snap Inc. That Never Closed

Google floated an offer of at least $30 billion to buy Snap Inc. in early 2016, according to several anonymous sources cited by Business Insider. A Snap representative told Business Insider that as far as formal discussions go, "these rumors are false." Google declined to comment.

Technology reporter Garrett Reim can be reached at greim@labusinessjournal.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.

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