Archive | Nicehash

Proof of Work Coins on High Alert Following Spate of 51% Attacks

First it happened to verge. $1.8m of cryptocurrency swiped in a matter of hours. Then to bitcoin gold, plundered in an $18m double spend attack. Then to verge again, this time to the tune of $1.7 million. Along the way, monacoin is also believed to have been hit. Someone is methodically working their way through […]

Blockchain Enabled ‘Bounty Hunters’ Set to Become the Future of Cybersecurity

The current state of the so-called ’Threat Intelligence’ industry is fundamentally broken. When looking at just cryptocurrency alone, we have seen numerous examples of successful attacks. These have ranged from the collapse of the DAO to recent scandals such as the Blackwallet hack and NiceHash digital heist, which represented losses of $400k and $63million, respectively. […]

NotNicehash is a Bitcoin Cash-only “Clone” of Nicehash

If there is one thing to take away from the Nicehash hack, it is how cryptocurrency mining marketplaces are very popular Although Nicehash successfully returned earlier this week, there’s a need for alternatives. One Bitcoin Cash community member has launched such a service, although it’s still in the early stages. Known as NotNicehash, it will […]

Nicehash Loses $70m Worth of Bitcoin Due to Security Breach

Cryptocurrency and related activities have attracted the attention of many cybercriminals. In most cases, these criminals go after exchange users or online wallet services. However, they will target any other service which stores Bitcoin balances at some point. In the case of Nicehash, a security breach took place this week, and its Bitcoin wallet has been […]

Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)

According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen. Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges The Mining Pool […]