The Slovenian bitcoin mining market NiceHash has been pirated and around $ 64 billion in bitcoin has been stolen. The market has closed while it investigates the violation and urges its users to change their passwords immediately.
The attack has been described as highly professional, which means that this is not the job of a junkie in his room, working on a laptop. Around 4700 bitcoins were stolen, which amounts to around $ 64 billion.
Bitcoin has had an incredible year; bitcoin prices have risen enormously during 2016/17, reaching amazing levels as investors seek value investments outside traditional currency channels.
"The price of bitcoin has risen to more than $ 14,668," notes The Guardian, "earning around $ 2,000 (£ 1,494) of value in a day according to the CoinDesk bitcoin monitor. below $ 1,000 at the beginning of the year. "
The nature of how Bitcoin works is very controversial; It is digital and, unlike money, it is not regulated in most markets, such as traditional currency and currency trading. And because of its digital nature, it is now a prime target for hackers.
Complete this with the crazy price of bitcoin right now and you have an intoxicating mix of factors that make a lot of action in the most popular cryptocurrency market. in the planet. How popular is Bitcoin these days? According to reports, bitcoin mining now consumes more electricity than all of Ireland.
Yes. That's a lot of mining.
Interested in bitcoin? You should be, it's a great opportunity for technology and investment. However, be careful: it is very esoteric and quite confusing; nobody comes out and buys bitcoin, there's a fairly steep learning curve.
But many people have earned a LOT of money with Bitcoin. And there is a lot of volatility in the game, even more after incidents like this one.