VENTURE CAPITAL POST

President Barack Obama is hosting his Chinese counterpart, Xi Jinping, for an official state visit next week. A state dinner will be held at the White House on September 25 to welcome Xi, who will be accompanied by his wife Peng Liyuan, a Chinese folk singing superstar.

Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has temporarily suspended service after "some" of its "operational wallets were compromised" on Sunday, resulting in loss of about 19,000 bitcoins.

White House officials finally rolled out the Cybersecurity Framework aimed at improving the cybersecurity of public and private critical infrastructure providers so they can better fight against cyber threats, TechCrunch reported.

CrowdStrike, a cybersecurity company backed by private equity, said it had evidence that linked the Russian government to cyber espionage campaigns on numerous Asian, European and American companies, Reuters reported.

Cyber attacks increased 14% last year as hackers look to firms in the pharmaceuticals, mining and electronics industries which are rich repositories of intellectual property, the Financial Times reported.

Santa Clara, California-based Palo Alto Networks has acquired Morta Security, a Silicon Valley-based cyber security firm that has been in stealth mode since last year, for an undisclosed amount.