LONDON (AP) — A company in Slovenia that mines bitcoin says it has been hacked, for a potential loss of tens of millions of dollars.
The company, NiceHash, gives customers the ability to mine for bitcoins. As the price of the world's most popular virtual currency keeps surging — to a record $15,000 on Thursday — here's a look at what it is and how it is "mined."
WHAT IS A BITCOIN?
Bitcoin is a digital currency that's not tied to any bank or government.
Bitcoin is an electronic currency which is not tied in value to any other currencies. You can convert other currencies (like US dollars) to Bitcoins, or you can mine new Bitcoins by completing complex mathematical tasks. This create...
Hackers emptied the entire contents of a digital wallet belonging to NiceHash, a cryptocurrency company. NiceHash didn't say how much was stolen, but customers speculate that it could total around $63 million in bitcoin. Many of the...
The price of Bitcoin is slipping, corresponding to a decline in its exchange volume to dollars, and a decidedly negative operating margin for those working to ‘mine’ the currency. Currently,... Keep reading ?
The Slovenian-based bitcoin miner NiceHash says it is investigating a security breach and the possible theft of tens of millions of dollars' worth of bitcoins, as meanwhile the value of the virtual currency has soared to a new recor...