Bitcoin News Mash-Up: Security Bugs; eBay’s Ban; and More


Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

New Report Shows Bugs in Bitcoin Security Hardware

New York-based Bitcoin exchange Gemini recently published a blogpost in which it thoroughly discussed the vulnerabilities in the SafeNet’s Hardware Security Modules. The private key generator machines, which currently entertains over 250,000 Bitcoin users, reportedly had a bug inside its software that made its dynamically created private keys leave the system, Gemini CSO Cem Paya wrote. You can read the whole report here.

eBay Removes Merchant’s Listings over Bitcoin

An anonymous online merchant recently reached Reddit to tell a story about world’s largest e-commerce website eBay. He told the community that the website forcibly removed his product listings, for he was accepting Bitcoin as one of the payment methods. He further publicized an email from eBay, in which the company referred Bitcoin as something that is complex and insecure to be used on their platform. You can read the whole report here.

Standard Chartered Acknowledges Bitcoin Technology

A recent blogpost from the Standard Chartered Bank’s CIO, Anju Patwardhan, spoke lengths about the benefits of Bitcoin technology in the modern banking sector. Titled Blockchain — a disruptive force for good, the article mimicked the British bank’s views on bringing a low cost and transparent transaction infrastructure. Patwardhan briefly elaborated her optimism, saying that blockchain can definitely bring security and integrity to the entire banking industry. You can read the whole report here.