The world's newest species, the olinguito, is the smallest member of the raccoon family and has thick, woolly fur, according to the Smithsonian Institute.
Here are some more facts about the olinguito:
Diet: The animal mainly eats fruit, but may also eat some insects and nectar.
Behaviour: Olinguitos are solitary animals that live in trees and are mostly nocturnal. It is an adept jumper that can leap from tree to tree in the forest canopy. Mothers raise a single baby at a time.
Habitat: It is found only in cloud forests of the northern Andes Mountains.
Range: They live in Ecuador and Colombia around 5,000 to 9,000 feet above sea level.
The newly-named olinguito has become the first New World carnivore to be identified in 35 years.
For more than a century the olinguito, also known as Bassaricyon neblina, was mistaken for its larger close cousin the olingo.
But following a 10 year research project examining the skull, teeth and skin of museum specimens and tracking the animals in the wild, scientists at the Smithsonian Institute confirmed it is a different species.
An animal that resembles "a cross between a house cat and a teddy bear" has been named as a new species after being wrongly identified for more than 100 years.
The woolly-furred olinguito, which weighs 2lb (0.9kg), is related to raccoons and coatis and lives in the cloud forests of Colombia and Ecuador, the Smithsonian Institute announced today.
British security firm Surveillance Group Ltd has denied bugging the Ecuadorian Embassy in London.
We have this morning heard an accusation the source of which is apparently Ricardo Patino, the Ecuadorian Foreign Minister suggesting that we have bugged the Ecuadorian Embassy.
This is completely untrue. The Surveillance Group do not and have never been engaged in any activities of this nature.
We have not been contacted by any member of the Ecuadorian Government and our first notification about this incident was via the press this morning.
This is a wholly untrue assertion.
Ecuadorian foreign minister Ricardo Patino had earlier said he had "reason to believe that the bugging was being carried out by the company, the Surveillance Group Limited... one of the biggest private investigation and undercover surveillance companies in the United Kingdom."
Ecuador's foreign minister Ricardo Patino has said he believes a British surveillance firm was involved in allegedly planting a secret listening device at the nation's embassy in London.
He told a news conference in Quito that he will request the "collaboration of the British government" on the issue:
After this discovery, the government of Ecuador will request the collaboration of the British government in investigating this issue to discover who is implicated in this espionage operation.
[We] have reason to believe that the bugging was being carried out by...one of the biggest private investigation and undercover surveillance companies in the United Kingdom.
Wikileaks has tweeted a picture purporting to show the bug that was reportedly found in Ecuador's embassy in London.
Ecuador's ambassador to the UK, Ana Alban, has told ITV News the microphone allegedly found inside her embassy is going to be sent away to be tested.
She said: "We found something, but we don't know what it is, and we are sending it to someone...I don't know how long it has been there."
Ecuador's ambassador to the UK, Ana Alban, has told ITV News she had "nothing to say" about the allegations made by her foreign minister that the London embassy was bugged with a hidden microphone:
WikiLeaks have tweeted their distaste at the detention of Bolivia's president Morales in Vienna and the alleged discovery of a bug in the embassy of Ecuador.
Sieging/bugging of Ecuador's London embassy and the blockading of Morales jet shows that imperial arrogance is the gift that keeps on giving
Ecuador's foreign minister Ricardo Patino said they will release information on who planted the bug inside their embassy in London.
Patino said the device was used to collect "all kinds" of information from the office and was discovered before his visit to Assange, who has been staying in the embassy for more than a year. In a press conference in Quito, he said:
"We found that the device was used to collect all kinds of information in our embassy office. I didn't make it public at that time for we didn't want to affect the visit.
But we immediately conducted an investigation to find the source and I will release our result at tomorrow's press conference including the source of the device, who was using it and which department installed it."
Ricardo added that he hopes relevant countries or organizations could offer a reasonable explanation for the hidden listening device.