Hackers Loot Over $60 Million In Bitcoins By Hacking NiceHash

10 Décembre, 2017, 06:30 | Auteur: Anatole Charbonneau
  • Hackers Loot Over $60 Million In Bitcoins By Hacking NiceHash

Back in 2011, it was worth less than a dollar. Unconfirmed reports said more than 4,000 bitcoins were missing valued at more than $60 million.

Bitcoin was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Like cash, it lets users spend or receive money anonymously, or mostly so; like other online payment services, it also lets them do so over the internet. They offered people distrustful of governments and banks another way to store and trade their wealth, legally gained or not, outside the formal global banking system.

The Futures Industry Association, which represents Wall Street's biggest banks and clearing houses, sent a letter to the Commodities Futures Trading Commission, saying that as the guarantors of customers trades, they should have been consulted before trading in bitcoin futures was approved.

Bitcoin is the first decentralized digital or virtual currency that largely exists online.

Its price has taken off this year as mainstream investors have become more interested.

In Japan, following the failure of a bitcoin exchange called Mt. Gox, new laws were enacted to regulate bitcoins and other cryptocurrencies. Countries like China and Venezuela have expressed interested in creating their own digital forms of money. Bitcoin prices were $960 at the start of the year.

The world's best-known digital currency is a complex combination of software coding, maths, cryptography and plain old accounting that when crunched by a computer leads to a finite number of winning outcomes.

Bitcoin reached a record price Thursday, rising to more than $19,000 only to fall sharply within minutes, settling near $17,000 early Thursday afternoon.

The only black mark has been China, which has been cracking down on some uses of the virtual currency.

But no more and more financial institutions are getting on board with Bitcoin and even the popular listings site Craigslist recently added the option to pay in Bitcoin.

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But what is Bitcoin, should you invest and can it make you rich?

New York's Nasdaq plans to launch its own bitcoin futures in 2018.

The hack will put a spotlight on the security of bitcoin just as the trading community prepares for the currency to start trading on two established US exchanges.

If you want to buy bitcoin, you can buy it online but you do not need to buy a whole one. Just 3% of more than 20 million bitcoin accounts hold one bitcoin or more.

"They are not seen as legitimate by institutional investors" such as hedge funds, said Unetich. But some experts predict they'll move into the market in the coming months, despite skepticism from the likes of Warren Buffett and JPMorgan Chase CEO Jamie Dimon. Still, that price represents an increase of more than $5,000 in less than 48 hours for the digital currency.

Octagon's Chapman is willing to stick his neck out even further.

Bitcoin is notorious for being particularly volatile and its price can shoot up and then plummet very quickly.

Ashley Shen, an independent security researcher, said: We assume one of the reasons why Bitcoin is being attacked is because the price keeps increasing and we think it's reasonable for hackers (to target).

"Following the herd rarely produces large scale gains", Innes said.

Until now, investors who want to wager on bitcoin prices in traditional ways have had to do so in Europe or Asia. After topping $11,000, it plunged more than $2,000 before resuming its ascent.


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