$60 million worth of bitcoin stolen in NiceHash hack

$60 million worth of bitcoin stolen in NiceHash hack

Slovenian cryptocurrency mining marketplace NiceHash said it lost almost $64 million in a hack of its payment system, the latest incident to highlight the risks that uneven oversight and security procedures pose to digital currencies such as bitcoin.

More than 980,000 bitcoins have been stolen, which today would be worth about $4 billion, Reuters found.

At 1:05 p.m. EST, Bitcoin was valued at $16,825, according to Coinbase, after briefly surging above $19,000 Thursday morning. "In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency", the statement reads.

As the buzz around the digital currency, particularly claims of its promising usage and speculation of another bubble, increased in the past few months, many bitcoin investors have come forward to advice new investors.

To be honest, we have not fielded well: Cheteshwar Pujara
At the same time there have been injuries where openers have missed out. "We wanted to win, but it ended in draw". Perera went on to make 42 off 54 balls, and helped stem the rot Sri Lanka were under after two early wickets.

The swings in price occurred just as the trading community prepares for bitcoin to start trading on two established US exchanges. Chicago-based CBOE Global Markets is planning to launch bitcoin futures on Sunday, while the world's largest futures exchange, CME, is set to launch its futures product the following week. Others say they can be helpful methods of payment, such as in crisis situations where national currencies have collapsed. The digital coins are stored in a digital wallet or on the cloud and can be used in transactions.

Jain added that new investors should try to first understand the technology or mathematics around the virtual currency before jumping the gun.

Online security is a vital concern for such dealings. Mt. Gox shut down in February 2014, saying it lost about 850,000 bitcoins, possibly to hackers.

Related News:

  • Bigg Boss 11: Divya Agarwal's SHOCKING plans to confront Priyank Sharma

    Bigg Boss 11: Divya Agarwal's SHOCKING plans to confront Priyank Sharma

    I had good enough time inside but the moment I saw Priyank, I couldn't stop myself and wanted to spend my time with him. Hina will be teary-eyed with the proposal and also confesses her feelings for Rocky and asks her to take her with him.
    Body removed from tank at Sydney factory

    Body removed from tank at Sydney factory

    Three men, all aged in their twenties, were initially all conscious and talking when they were trapped about 8.45am on Thursday. A factory worker has perished in a really horrific manner after getting trapped inside a hot ink tank while cleaning it out.
    'Oh Dustin' ... Hoffman publicly questioned on harassment claim

    'Oh Dustin' ... Hoffman publicly questioned on harassment claim

    From a few things you've read you've made an incredible assumption about me. Tensions did not cool throughout the session.
  • What Are Analysts Report About UnitedHealth Group Incorporated (UNH)

    Current trade price levels places VLO's stock about -1.68% away from the 52-week high and closed 40.01% away from the 52-week low. California Public Employees Retirement System acquired 50,900 shares as Altisource Residential Corp (RESI)'s stock rose 7.36%.
    Rafael Palmeiro, 53, contemplating comeback

    Rafael Palmeiro, 53, contemplating comeback

    Duquette will undoubtedly be asked about Palmeiro during the Winter Meetings, which begin in Lake Buena Vista, Fla., Dec. 10. Now after so many years away from the game, he wants a chance to prove he can do it clean and prove he never did steroids.
    Judge warns accused serial killer's parents: Cooperate or explain why not

    Judge warns accused serial killer's parents: Cooperate or explain why not

    Taylor said the state attorney's office has authority to subpoena the parents and question them. So I recognize and sympathize with the unenviable situation that theyre in", Warren said.
  • Techland Announces Dying Light: Bad Blood, PvP Expansion Due in 2018

    Techland Announces Dying Light: Bad Blood, PvP Expansion Due in 2018

    Make sure you have enough evacuation points once the chopper arrives, and don't get killed as you race to the extraction zone. Bad Blood will offer "violent and dynamic" online matches, and wants PC players to help test the expansion out online.
    Thomas Fire burns 96k acres, Goleta Union School District cancels classes

    Thomas Fire burns 96k acres, Goleta Union School District cancels classes

    They recommend anyone who is near the area, who isn't under an evacuation order, to be prepared to leave at a moment's notice. Strong winds Wednesday night from the east and northeast continued to push the Thomas Fire further to the west and north.
    Chelsea 1-1 Atlético Madrid, Champions League

    Chelsea 1-1 Atlético Madrid, Champions League

    Chelsea played out a 1-1 draw with Atletico Madrid last night, a result that saw them finish second in their group to Roma. With Roma always expected to beat Qarabag, Chelsea knew only a win would be enough to guarantee top spot.
  • Allison Janney puts her spin on ice-skating scandal in 'I, Tonya'

    Allison Janney puts her spin on ice-skating scandal in 'I, Tonya'

    Though Kerrigan, 48, has yet to see I, Tonya , it has already received the stamp of approval from Harding. Actually, it was a lot more complicated than that, the story of what happened to her.
    Da Vinci sold for $450 mn is headed to Louvre Abu Dhabi

    Da Vinci sold for $450 mn is headed to Louvre Abu Dhabi

    Rybolovlev bought it in 2013 for $127.5 million from art dealer Yves Bouvier along with some other canvases. The museum has already published a tweet , indicating that the picture will indeed be exhibited there.

    Pearson plc 2.4% Potential Upside Indicated by JP Morgan Cazenove

    They presently have a GBX 600 ($8.08) price target on the stock, down from their prior price target of GBX 725 ($9.76). With 88,200 avg volume, 1 days are for BB SEGURIDADE (OTCMKTS:BBSEY)'s short sellers to cover BBSEY's short positions.

Most liked

Jaguar Land Rover sales up 10 percent at 52332 units in November
Tata Motors luxury carmaker Jaguar Land Rover (JLR) reported 10% year-on-year (YoY) growth in its November month with sales of 52,332 units.

Police Identify Suspect in R. Kelly Burglaries
Police report that almost everything, including his furniture and electronics, were stolen from both of his properties. Kelly's housekeeper called the police to say she found the house emptied of belongings when she came to clean the home.

20-year-old Florida man was behind Uber hack
Sources told Reuters that then-CEO Travis Kalanick was aware of the breach and "bug bounty" payment in November of a year ago . Uber hasn't identified the hacker it paid $100,000 to last year, but Reuters reports its a 20-year-old man in Florida.

Everton boss Allardyce to miss Europa League game at Apollon
He lead the club to the quarter finals of the Champions League and staved off relegation before being sacked after a poor start to this season.

Huawei releases Android Oreo update for Mate 9, Mate 9 Pro
First of all, users running B322 of Android Oreo beta program are first to receive the update, beginning December 5. The beta update of Android 8 .0 Oreo update was ended in early November month for the Huawei Mate 9 smartphones.

Striking images show California wildfires from space
Residents living west of I-405 should brace for evacuations, in case flames jump the freeway, officials said earlier on Wednseday. The blaze was so close to the road that both directions of the freeway were closed, and homes were evacuated in Bel-Air.

News reports say Bredesen will challenge Blackburn for Senate
Andy Berke, the current Chattanooga mayor, earlier put out some feelers about running for the Senate seat on the Democratic side. Bredesen was Nashville mayor when he earned the Democratic gubernatorial in 1994.

International Business Machines (IBM) Upgraded to "Strong-Buy" by Vetr
The technology company reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.02. Several other institutional investors have also sold shares of the company. 1 funds opened positions while 0 raised stakes.

Huawei Nova 2s launched with 6-inch bezel-less screen, four cameras
The Huawei Nova 2s boasts a 6-inch FHD+ LTPS display with a screen resolution of 2160 x 1080 pixels and an aspect ratio of 18:9. Following the design trends of most recent smartphones , Huawei has opted for a device with a tall screen and minimal bezels.

Trump's cuts to Utah monument spur lawsuit
Zinke said the cuts at Gold Butte would mainly come around a water district that should not have been included in the boundaries. He made the comments while discussing the release of a report showing he also wants to reduce two other monuments in the U.S.

ASX to replace post-trade systems with Digital Asset technology
The main stock exchange in Australia has announced it will replace its current clearing system with a blockchain (or distributed ledger technology) system.

Modi inaugurates Ambedkar International Centre in Delhi, recalls Baba Saheb's contribution
He said, efforts are being made to ensure that every poor has his house by 2022 under the Pradhan Mantri Awas Yojana. Ambedkar in the lawns and another statue of Dr Ambedkar in the atrium of the Centre in Janpath.

City's dramatic late show earns record PL win
On his side's purple patch of form, Guardiola added: "It's important for us to keep our moment in terms of victory". I'm not judging - but it is hard .

Delhi Pollution: Air Quality Begins To Improve With Clear Skies
On November 14, Lucknow had earned the dubious distinction of being the most polluted city in the country with AQI of 484. Pollution is considered severe plus or emergency when readings of PM2.5 and PM10 cross 300 and 500 ug/m3 respectively.

United States warns Russian Federation over Ukraine as OSCE meets
Tillerson said the United Nations forces should also have peacekeeping powers, including the authority to disarm Russian-backed separatists.