Visa has announced that it will accept cryptocurrency USD Coin on its payment network. The value of the USD Coin or USDC is pegged directly to the U.S. dollar. The financial firm has launched a pilot program with Crypto.com, a payment and crypto platform. Visa plans to add more partners to the services later this year. The move has come at a time when BNY Mellon, BlackRock and Mastercard are embracing digital coins.
Byju’s is in advanced stages of talks to raise $200 mn in fresh capital from US-based investors T Rowe Price and BlackRock at a valuation of $12 bn. The latest round, if happens, would take Byju’s total fund-raise to over $1 bn this year. The fresh capital will be used for global expansion and to finance acquisitions to increase the portfolio. Less than two months ago Byju’s raised $500 mn from Silver Lake Partners, DST Global, others at a valuation of $11 bn.
BYJU’S has added three new US investors – BlackRock, Sands Capital, Alkeon Capital – to its long list of backers as it continues to raise gobs of cash amid a boom in e-learning. This investment is part of an ongoing funding round announced earlier this month. BYJU’S valuation has jumped to $11.1B, up from $10.8B, after its latest $500M fund-raise from Silver Lake. It will utilise fresh investments for organic growth and enter lucrative markets such as the US.
CERT-In issued an advisory, warning Android users about a new malware called ‘BlackRock’. It can steal credentials and credit card info from e-comm apps, social media apps, email accounts, banking apps etc. This malware can surpass antivirus’ security scans. It comes from unofficial download sources including APK files and third-party Android app stores. The main preying technique of this malware is by luring users into downloading updates from unknown sources.
New Android malware is discovered which is capable of targeting 337 apps to steal critical information — passwords, credit card details. The new malware named Blackrock and was first spotted in May by a security firm called ThreatFabric. Blackrock uses the source code of another malware strain. Besides, it can perform other intrusive operations such as Intercepting SMS messages, spam contacts, start specific apps, log key taps, even sabotage mobile antivirus apps.