Bank of Monreal to Ban BTC Transactions Due to Volatility

Bank of Monreal tries to protect the security of the it's customers
30 March 2018   635

Bank of Montreal (BMO), has forbidden its users to use bank accounts for crypto-currency transactions. The reason for the blocking is the "instability of the price" of crypto currency, first of all, Bitcoin. This is reported by Coin Telegraph.

Effective immediately, BMO will be blocking cryptocurrency merchant transactions. This decision was made due to the volatile nature of cryptocurrencies, and to better protect the security of our clients and the bank.

BMO Staff Memo

The bank's statement says about immediate and effective blocking of all credit, debit, online payments for crypto-currencies, due to the unstable character of the crypto-currency and to protect the security of the bank's customers.

Cointelegraph notes that BMO did not mention the impact of crypto-currencies on customer safety and does not give any information about what happened.

Ledger Team to Find Issue in New Nano S Software

Last update's security improvements have affected the amount of device memory
15 February 2019   114

Ledger hardware wallet developers stated that an unforeseen problem was found in software version 1.5.5 for the Nano S model. Improvements in the security context have affected the amount of device memory.

When planning for this update we didn’t anticipate the impact it would have on Ledger Nano S capacity. This was not planned obsolescence, simply put, we messed up. We apologize and we’re committed to making it right.

Ledger Team

The project team apologized for the incident and promised to fix the problem during the second quarter of 2019.

The project also announced the addition of Nano S support in the Ledger Live mobile app on Android.

Earlier, researchers at discovered a number of vulnerabilities in the Trezor and Ledger hardware cryptocurrency wallets. As a result, they were able to conduct a series of successful attacks on wallets during the Chaos Communication Congress in Leipzig.