Facebook’s digital wallet subsidiary Calibra has rebranded to Novi, a name inspired on the Latin words “via” and “novus.” Its rebranding announcement detailed how it will work with WhatsApp and Messenger.

Cryptocurrency mining firm Bitfury has launched investment solutions for accredited investors that will give them exposure to bitcoin via the firm’s mining centers.

A new type of Monero mining malware has already infected over 1,000 corporate systems, some belonging to large firms according to cloud security firm Red Canary.

Top stories in the Crypto Roundup today:

• Facebook’s Digital Wallet Subsidiary Calibra Rebrands to Novi
• Bitfury Launches Bitcoin Mining Investment Solutions for Accredited Investors
• New Monero Mining Malware Infects Over 1,000 Corporate Systems

At the time of writing, bitcoin (BTC) is trading at $8,878.15 (-1.03%) with a daily Top Tier volume of $2.64 bn. As for ether (ETH), it is trading at $203.37 (-0.04%) with a daily Top Tier volume of $633.18 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,923.96 (-1.11%).

Facebook’s Digital Wallet Subsidiary Calibra Rebrands to Novi

Calibra, Facebook’s digital wallet subsidiary, has rebranded to Novi, a name inspired on the Latin words “novus,” meaning new, and “via” meaning way. The rebrand came with a new design meant to represent “the fluid movement of digital currencies,” while maintaining the Libra icon on its logo.

An announcement Novi published reads:

“While we’ve changed our name from Calibra, we haven’t changed our long-term commitment to helping people around the world access affordable financial services.”

The announcement detailed Novi will work as a standalone app, but will also be integrated into Facebook’s Messenger and WhatsApp apps. Its goal will be to make sending funds to friends and family “as easy as sending a message,” with transactions that contain “no hidden charges” and arrive instantly.

All Novi users will need to be verified using government-issued ID, and the system will have protections against fraud. It will initially launch in a limited number of countries “when the Libra network is available.”

Bitfury Launches Bitcoin Mining Investment Solutions for Accredited Investors

Bitfury, one of Bitcoin’s oldest mining companies, has announced the launch of its institutional investor program, giving high-net-worth individuals and firms an alternative way to gain exposure to the flagship cryptocurrency by way of the mining company’s centers.

The program reportedly includes “bespoke” investment vehicles such as direct investments and indirect opportunities with private equity. The company’s data centers are in Canada, Norway, Central Asia, and Iceland.

With the program accredited investors will be able to invest in the space outside of the popular derivatives market. Bitfury’s announcement details it will be sharing the risk. It reads:

“Our unique partnership models assumes we don't make profit on the initial transaction — instead, Bitfury shares the risk, similar to a funds partnership model.”

Speaking to Forbes, Bitfury CEO Valery Vavilov revealed he expects the program to be attractive to family offices as it’s designed to offer exposure in the space without the need for operational know-how.

New Monero Mining Malware Infects Over 1,000 Corporate Systems

A new Monero mining malware has reportedly infected over 1,000 corporate systems since December 2019, according to cloud security firm Red Canary. The XMR mining malware, dubbed Blue Mockingbird, has attacked vulnerable servers to install the XMRRig application in them.

It then uses their resources to mine the privacy-centric cryptocurrency. Most of the affected systems reportedly belong to large firms, although Red Canary did not name any. The XMRRig application has, according to Cointelegraph, been used numerous times last year to mine the cryptocurrency on infected systems.

It’s a new type of Monero mining malware that has been used after the cryptojacking trend died out. The trend ended after popular software being used to cryptojack had to shut down over an upgrade to the cryptocurrency.

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