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Visa Announces Layer 2 Blockchain for Stablecoins and CBDCs

Andrew Orr ·

Visa has announced a Layer 2 project for cryptocurrency that aims to be a universal exchange hub for stablecoins and central bank digital currencies (CBDC).

The idea is to create a digital currency equivalent of the existing international payment experience—one that lets you pay for something in another country with a debit or credit card that draws funds from an account in your home country.

Also: “Visa, for instance, says the proposed base layer for its universal payments channel is Ethereum.”

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Twitch Adds Verification Tool as a Way to Fight Bots

Andrew Orr ·

Starting today, Twitch will let streamers require their viewers to verify their phone number via SMS before they can start chatting.

Twitch’s approach so far has been to offer streamers more control over who can and can’t chat. Streamers already have the option to make their chats subscriber-only, or slow down their chat so moderators can approve messages. There’s also the option to force all chatters to verify their email on Twitch. That hasn’t been enough, though.

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'FinSpy' Spyware is Adept at Hiding Itself With a Four-Layer Method

Andrew Orr ·

FinSpy, a well-known piece of spyware from German company FinFisher, is good at hiding. Researchers at Kaspersky have reverse-engineered the malware.

In addition to a four-layer obfuscation method, the spyware also now employs a UEFI (Unified Extensible Firmware Interface) bootkit for infecting its targets, and it also encrypts the malware in memory, according to the researchers. The Kaspersky team’s research began in 2019, and they are finally sharing their findings today at Kaspersky’s online Security Analyst Summit.