Tuesday, 12 December, 2017

Bitcoins stolen after cryptocurrency site NiceHash hacked

Report $70 Million In Bitcoin Stolen From NiceHash Bitcoin tops $15000; hack raises concerns ahead of US trade
Conrad Doyle | 07 December, 2017, 09:58

The company is now investigating the precise amount stolen, though estimates around the web put it north of $66 million United States dollars worth of the popular cryptocurrency (at time of writing 1 BTC = ~$13970.50).

Users can send earned currency in an external wallet, or they can store it in local "secure and insured BitGo Bitcoin deposit wallets" (as described on the NiceHash homepage). NiceHash says it will relaunch itself with improved security "at the earliest opportunity".

Although NiceHash has not confirmed the number of bitcoins stolen, NiceHash users have circulated a wallet address that suggests that 4,736.42 BTC - worth more than $62 million at the current exchange rate - was drained from the company's hot wallet.

I talked yesterday about the potential for GPU prices to go up, as even though Bitcoin can't be (effectively) mined with graphics cards, there are hundreds of alternative cryptocurrencies that can be, and services like Nicehash allow people to lease hashing power on their GPUs and get paid directly in Bitcoin.

We would not exist without our devoted buyers and miners all around the globe.

The NiceHash team urged users to change their online passwords as a result of the breach and subsequent theft. We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service.

The full press release is available here.

The marketplace, where users can buy and sell their computing cycles to mine cryptocurrency, issued a statement Wednesday afternoon confirming that it had indeed fallen victim to hackers. "If you ran a service like this you wouldn't keep all your BTC on the web server or any live server". Do you plan to venture forth and mine on your own?

Recommended

  • BBC announces 'fake news scheme' at Children's Media Summit

    BBC announces 'fake news scheme' at Children's Media Summit

    The BBC is set to launch a new scheme aimed to help young people better identify real online news from fake or false information. Apparently it's more complicated than checking a different news outlet.
    Duck And Cover: James Mangold's Next Is GIRL WITH A GUN

    Duck And Cover: James Mangold's Next Is GIRL WITH A GUN

    From that point forward, she was a counter-culture symbol, and began participating in armed bank robberies. Mangold's been in demand since " Logan " became a commercial hit, grossing $616.8 million globally.
    David Cassidy Purposely Left His Daughter Katie Out of His Will

    David Cassidy Purposely Left His Daughter Katie Out of His Will

    While David was her father, Katie was raised primarily by her mother Sherry Williams and stepfather Richard Benedon . David and Katie Cassidy in 2007. "I've never had a relationship with her", David told People in February.
  • LeBron leads Cavaliers to 13th straight victory

    LeBron leads Cavaliers to 13th straight victory

    According to oddsmakers at Bovada.lv, the Cavaliers are listed as a 12.5-point favorite on the spread line . What follows is a live recap of the Cavs' franchise-tying win and how the comeback victory went down.
    Stipe Miocic vs. Francis Ngannou set for UFC 220

    Stipe Miocic vs. Francis Ngannou set for UFC 220

    He tied the division's all-time record of two consecutive title defenses in May, in a knockout win over Junior dos Santos . The only time both undisputed titles were on the line on the same night was at UFC 44 in September 2003.
    HWL 2017: India knock-out Belgium to reach semis

    HWL 2017: India knock-out Belgium to reach semis

    A quick change of passes helped them deal with Belgium's superiority on slick ball control and one-on-one advantage. Belgians held possession and were all over India but the hosts held firm to push the match into a shoot-out.
  • Abbott's bid to delay marriage bill fails

    Abbott's bid to delay marriage bill fails

    It was agreed the bill be read a third time, with no amendments at 2.47pm Perth time. The Senate voted decisively in favour of the legislation last week.

    Is Selling Incyte Corporation (INCY) Here a Winning Strategy?

    Allen Invest Management Limited Liability holds 7,351 shares or 0.04% of its portfolio. 65,932 are owned by Gam Holdings Ag. The fund owned 42,744 shares of the biopharmaceutical company's stock after selling 1,232 shares during the quarter.
    Dollar General Corporation (DG) Analysts See $0.93 EPS

    Dollar General Corporation (DG) Analysts See $0.93 EPS

    The firm owned $16.09 million shares of the company's stock after selling 1.22 million shares during the period. (NASDAQ:DLTR). The firm has "Buy" rating by Needham given on Monday, August 21. (NASDAQ: DLTR ) on Friday, May 27 with "Buy" rating.
  • ASX to replace CHESS with blockchain software

    ASX to replace CHESS with blockchain software

    It is touted that blockchain technology is a more efficient and less expensive way to track trades. Sign up here for free access to 7 articles per month + twice daily business email alerts.
    Angelina and Brad tried to save their marriage with 'By the Sea'

    Angelina and Brad tried to save their marriage with 'By the Sea'

    Jolie admits that " By the Sea " was a case of life imitating art, though that wasn't exactly her intention. These American expats head to a picturesque coastal hotel, but they're miserable and barely speaking.
    Overall Revenue at Lee Enterprises Sags; Digital Shows Strength

    Overall Revenue at Lee Enterprises Sags; Digital Shows Strength

    Total advertising and marketing services revenue decreased 10.2 percent in the quarter, and 10.6 percent for the fiscal year. Total operating revenue at the Davenport-based media company Lee Enterprises is down for the fiscal year.

Possible break in Border Patrol Agent's death? Investigators were told the 2004 Pontiac Grand Am the three were traveling in broke down in Tatum, New Mexico, near Portales. A second person, reportedly familiar with the brothers, identified the two men in the group by name to the informant.

Air New Zealand cancels flights due to Rolls-Royce engine issues Air New Zealand cancels flights due to Rolls-Royce engine issues Air New Zealand said it did not anticipate any change to current earnings guidance at this stage. The airline is cancelling and rescheduling some global flights due to the incidents.

More Details on Apple Pay Cash Discover officially announced its relationship on Tuesday, soon after Apple Pay Cash officially went live in the U.S. Apple Pay Cash's person-to-person payment feature is available to users that are at least 18 years old.

Go Edition to follow Go Edition to follow Android Go is built on Android Oreo , but will come optimized for the smartphones that feature less than 1 GB of RAM. Android 8 .1 Oreo gets Neural Networks API which enables faster computation and interface on your Android smartphone.

Highly Traded Stock: FirstEnergy Corp. (NYSE:FE) The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.86 by $0.11. Finally, Deutsche Bank raised FirstEnergy from a "hold" rating to a "buy" rating in a research note on Tuesday, October 17th.

Evaluating Insider Trading And Ownership For NetApp, Inc. (NTAP) Barclays Capital maintained NetApp, Inc . (NASDAQ: NTAP ) on Thursday, August 17 with "Underweight" rating. Gam Holding Ag decreased Blackhawk Network Hldgs Inc (HAWK) stake by 37.31% reported in 2017Q2 SEC filing.

Price Target Analysis of Celgene Corporation (NASDAQ:CELG) Finally, BTIG Research reissued a "neutral" rating on shares of Celgene in a research report on Tuesday, September 5th. Df Dent Incorporated holds 3.03% of its portfolio in Celgene Corporation (NASDAQ: CELG ) for 884,391 shares.

Kyrie Irving and Giannis Antetokounmpo Duel in Boston Kyrie Irving and Giannis Antetokounmpo Duel in Boston The Celtics thus withstood a 40-point eruption from Milwaukee's star, Giannis Antetokounmpo , who also had eight rebounds.

Raiders overcome early season slide to move into tie for 1st Raiders overcome early season slide to move into tie for 1st Defensively, the Raiders are yielding 23.2 points and 346.0 total yards (241.1 in passing and 104.9 in rushing) per game. That makes this a massive game for Oakland in terms of the division standings, because a sweep would win a tiebreaker.

Derek McInnes misses training after Rangers approach Derek McInnes misses training after Rangers approach The Ibrox club plan to return with a second offer of over £1million in compensation in a bid to move things along. What is clear is that Milne is determined not to lose his boss to his club's main rivals for second place.

Jeffrey Tambor "Has No Plans to Quit" Transparent Jeffrey Tambor On Wednesday, a rep for Jeffrey Tambor revealed that the actor may not be leaving Transparent after all. He denied her claims , dismissing them as "baseless".

Blackwater Founder Denies Trump Connection to Seychelles Meeting Blackwater Founder Denies Trump Connection to Seychelles Meeting He didn't relay his conversation with Dmitriev back to the Trump Organization, transition or administration, he added. The state-run investment firm that Dmitriev leads in Russian Federation was sanctioned by the USA in 2015.

American Express (AXP) Earns News Impact Rating of 0.12 Currently, 488.88 million total shares are owned by the public and among those 0 million shares have been available to trade. Grantham Mayo Van Otterloo & Co Llc bought 135,761 shares as the company's stock declined 3.65% while stock markets rallied.

Jared Goff, Carson Wentz 'excited' to play each other for first time Jared Goff, Carson Wentz 'excited' to play each other for first time The team took the field for their first full practice of the week Wednesday, and things started off without a hitch. There is no indication that Sunday afternoon's game will be changed or affected. "He's a big back", Graham said.

Russell Investments Group Ltd. Acquires 11073 Shares of Motorola Solutions Inc (MSI) California State Teachers Retirement owns 310,680 shares or 0.06% of their U.S. portfolio. 458,678 are held by Credit Suisse Ag. Its down 0.14, from 1.17 in 2017Q1. 241.71 million shares or 1.91% more from 237.19 million shares in 2017Q1 were reported.