Almost $64 million in bitcoin is missing following NiceHash marketplace hack

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Cryptocurrency is flourishing– the rise and increase of bitcoin has been among the greatest stories of the latter part of 2017. Now, we have actually seen a peek of the more troubling side of the innovation, as an attack on a major mining market has led to almost $64 million worth of bitcoin being taken. “Sadly, there has actually been a security breach including NiceHash website,” reads a statement posted by the business in response to the situation.”We are currently examining the nature of the event and, as a result, we are stopping all operations for the next 24 hours.” NiceHash is a service that allows clients to exchange their hardware’s processing power for the purposes of verifying bitcoin hashes. When they desire to cash out, they are paid in bitcoin.The payment system utilized by NiceHash was reportedly jeopardized, which permitted burglars to drain the contents of its bitcoin wallet. The authorities have been notified and the business is dealing with its own investigation into precisely what took place, and the very best course of action.Approximately 4,700 bitcoins were stolen, according to the business’s head of marketing Andrej Škraba, who talked to The Guardian. Concerns were very first raised amongst …

Bitcoin surges above $15,000 after climbing $2,000 in 12 hours

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b’ LONDON, December 7 – Bitcoin rocketed above $15,000 for the very first time ever on Thursday, up more than 10 percent on the day, after including more than $2,000 to its rate in fewer than 12 hours. ‘ Read More

Days after hitting record $13K high, Bitcoin surges even higher

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Bitcoin, the best-known digital cryptocurrency, reached a brand-new record high on Thursday: $16,000 for one Bitcoin. That’s almost a 25 percent increase from its record high, $13,000, that made headlines when it happened just a couple days back. In its earlier days, circa 2011, one Bitcoin could be bought for less than one dollar. At the beginning of 2017, one Bitcoin could be acquired for less than $1,000. To put this in point of view: There are many individuals who are sitting on numerous thousands, if not millions, of dollars today. If someone acquired $100 worth of Bitcoin in 2011, that person would now have $1.6 million in their CoinWallet– offered they sell today.So, what’s driving this unmatched surge? And is this sustainable in the long-run? Like many economic bubbles, the factor for the ridiculous surge in Bitcoin– the cryptocurrency now has actually an approximated circulation of$ 250 billion– might not always be based upon rational behavior. Last week, a market analyst told The Guardian that the variations in Bitcoin’s worth exemplified”the insanity of crowds.”Yet some experts believe Bitcoin’s sky-high currency exchange rate has a lot to do with the influx of financiers and increased interest from established monetary institutions, …

As Bitcoin Hits $15K, a Warning From Dante’s Inferno

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Goldman Sachs to clear bitcoin futures: spokeswoman

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Business Goldman Sachs to clear bitcoin futures: spokesperson Goldman Sachs Group Inc. is planning to clear bitcoin futures for some clients as the brand-new agreements go reside on exchanges in the coming days, a spokeswoman for the bank said on Thursday . FILE PICTURE-The logo design of Goldman Sachs is displayed in their office situated in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Image NEW YORK: Goldman Sachs Group Inc. is preparing to clear bitcoin futures for some clients as the new agreements go survive on exchanges in the coming days, a spokeswoman for the bank said on Thursday.The bank, which assists customers buy and offer derivatives, is” evaluating the requirements and risk characteristics for the bitcoin futures contracts as part of our standard due diligence procedure,”Tiffany Galvin, the Goldman Sachs spokesperson said.(Reporting by Anna Irrera; editing by Diane Craft) Source: Reuters Bookmark Get the Channel NewsAsia newsletter in your inbox Invalid email address It appears like the e-mail address you entered is not valid.More stories for you