Bitcoin price rockets past $16,000 US following word of $60M hacker theft from miner


The Slovenian-based bitcoin miner NiceHash denotes it is investigating a security breach and the possible theft of tens of millions of dollars’ merit of bitcoins, as meanwhile the value of the virtual currency has soared to a new record extreme.

NiceHash said Thursday in a statement posted on its website that it had in operations for 24 hours and was working to verify how many bitcoins were entranced.

There was no immediate response from NiceHash to an emailed request for myriad details. Reports suggest  4,700 bitcoins were missing — which resolve have been valued at more than $60 million at the schedule of the theft.

“The incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a quantity of urgency,” it said.

The statement urged users to change their online watchwords.

Troubles with the website over the past day or so drew alarm and grievances, with many bitcoin owners posting panicked comments on NiceHash’s common media accounts.

The price of bitcoin has surged to over $16,000 on Thursday morning, approaching roughly $3,000 in less than 24 hours, according to coindesk, a website that guards the price. That compares with a value below $1,000 at the outset of the year.

Another major coin exchange, coinbase, crashed at the mercy of a flurry of server requests.

Coinbase down

People looking to log into coinbase to customers bitcoins and other cryptocurrencies on Thursday were greeted with this blunder message. (CBC)

At current valuations, the total value of all bitcoin currently in continuance is roughly $250 billion US. That’s more than Canada’s two burliest banks, Royal Bank and Toronto-Dominion Bank, are worth — combined.

“I’m gracious of taken aback by what’s happened in the last three months,” believed Richard Johnson, an analyst at Greenwich Associates who owns digital currencies and examines himself a bitcoin bull. “I’m concerned things are moving a bit too quickly.”

Bitcoin is the overjoyed’s most popular digital currency. Such currencies are not tied to a bank or direction and allow users to spend money anonymously. They are basically inscribes of computer code that are digitally signed each time they are merchandised. Miners of bitcoins and other virtual currencies help keep the practices honest by putting computer power into a blockchain, a global continual tally of every transaction that prevents cheaters from splash out the same digital coin twice.

NiceHash is a cryptocurrency mining solicitation that lends computer power to verify bitcoin users’ matters.

Online security is a vital concern for such dealings.

In Japan, accepting the failure of a bitcoin exchange called Mt. Gox, new laws were enacted to monitor bitcoins and other cryptocurrencies. Mt. Gox shut down in February 2014, command it lost about 850,000 bitcoins, possibly to hackers.

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