$60 million worth of bitcoin stolen in NiceHash hack

Africa: Bitcoin Is a Highly Speculative Investment. Why Caution Is Required

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.

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.

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:



Most liked

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.

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.

The Founder of Vine Hinted at Vine 2.0
The 6-second format turned out to be suitable for a whole new subculture of weird and insane performances with one's own identity. Nothing concrete exists, as a product, or as a plan to keep the service's potential sequel from succumbing to the same fate.

Square Enix Says New Tomb Raider Game is Coming
As such, don't expect any Tomb Raider announcements today or during the Playstation Experience 2017 event. Honestly, we wish we could share it with you right now, but we're taking a new approach this time.

Neil Patrick Harris Fills In for Jimmy Kimmel & Delivers Opening Monologue
He didn't have to do that. "Our family has excellent health care; he had nothing to gain from that". Last month, Jennifer Lawrence, Channing Tatum, Shaquille O'Neal and Dave Grohl subbed for Kimmel.

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.

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.

Iraqi paramilitary group: US troops may become targets after US Jerusalem decision
Today the Iraqi foreign Ministry urged the US Ambassador to meet and discuss this issue. Nujaba, mostly made up of Iraqis, has about 10,000 fighters, according to Reuters data.

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.

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.

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.

Catalonia leader Puigdemont to stay in Belgium 'for now'
However, six former Cabinet members were ordered to be released, with bail set at 100,000 euros ($118,635). While around 90 percent of participants voted for independence, the voter turnout was only 43 percent.

Katrina Kaif And Mahira Khan Pay Tribute To Legendary Actor Shashi Kapoor!
Shashi Kapoor , a leading Bollywood actor and producer from the 1970s and '80s, has died after a long illness. There were three rounds of fire to honour the late actor, who spent more than four decades in Hindi cinema.

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.

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.