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Bitcoin marketplace NiceHash hacked, over $60 mn lost

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Bit Coin

San Francisco, Dec 7: In a warning for those who wish to invest in Bitcoins to make some big bucks, the cryptocurrency mining market NiceHash has revealed hackers wiped out its entire Bitcoin wallet, resulting in over $60 million loss.

“Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours,” the marketplace said in a statement late on Wednesday.

“Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken,” it added.

Coindesk reported on Thursday that the loss is about 4,736.42 Bitcoins, worth more than $60 million.

“Are we going to get our btc? or might as well just forget it. Your press release said nothing about sending us what you owe. I have 4000$ stuck in your wallet which is now almost 4300$,” tweeted a user named Lohit.

Another NiceHash user Philip Richardson tweeted: “If I dont get my btc back i will never use your service again”.

Earlier in the day, the value of one Bitcoin had crossed $14,000, a new record high for the cryptocurrency.

Bitcoins are created through a complex computer process known as mining, and then monitored by a network of computers across the world.

A steady stream of about 3,600 new bitcoins are created a day – with about 16.5 million now in circulation from a maximum limit of 21 million, BBC reported.

“Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days. In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency,” NiceHash said.

The company recommends users to change their passwords – both on NiceHash and other services.

The incident brings back the memories of the 2014 implosion of the “mtGox” Bitcoin marketplace which lead to losses of millions of dollars.

In India, the Reserve Bank of India (RBI) this week cautioned the “users, holders and traders” of Bitcoins about the security related risks associated in dealing with such virtual currencies (VCs).

The apex bank reiterated its stand that “it has not given any licence or authorisation to any entity or company to operate such schemes or deal with Bitcoin or any VC”.

“In the wake of significant spurt in the valuation of many VCs and rapid growth in Initial Coin Offerings (ICOs), RBI reiterates the concerns,” the central bank said in a statement.

IANS

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Equity indices touch fresh highs as rupee strengthens

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sensex up

Mumbai, Aug 21: An appreciation in the Indian rupee lifted the key equity indices — S&P BSE Sensex and the NSE Nifty50 — to fresh intra-day highs during the morning trade session on Tuesday.

The BSE Sensex touched a high of 38,402.96 points, while the Nifty50 climbed a peak of 11,581.75 points.

However, broadly negative Asian markets and fears over rise in trade protectionist measures subdued the key indices soon after.

Around 9.35 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,551 points — inched-down by 0.75 points or 0.01 per cent — from its previous close.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 38,360.32 points, traded at 38,260.74 points — lower by just 18.01 points or 0.05 per cent — from its previous session’s close of 38,278.75 points.

Sensex has so far touched a low of 38,251.01 points during the intra-day trade.

IANS

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All India traders strike against Walmart-Flipkart deal: CAIT

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Walmart-Flipkart deal
Walmart CEO Doug McMillon and Flipkart Co-Founder and CEO Binny Bansal during an programme to announce Walmart Inc.'s acquisition of Flipkart 77% stake, in Bengaluru on May 9, 2018. (Photo: IANS)

New Delhi, Aug 20 (IANS) The Confederation of All India Traders (CAIT) on Monday called for an all India traders strike against the Walmart-Flipkart deal on September 28.

“We are organising a ‘Bharat Trade Bandh’ (All India Traders Strike) on September 28 against the Walmart-Flipkart deal. We want the government to nullify the deal as it is against the sector,” CAIT Secretary General Praveen Khandelwal told IANS.

“We have also planned a host of other activities like a mega traders protest march to gain public support against the deal.”

Accordingly, the confederation has called for a ‘Bharat Trade Bandh’ on September 28 and a massive nationwide ‘Rath Yatra’ to begin on September 15 and a mega traders rally on December 16 at New Delhi.

On Saturday, Walmart Inc. acquired approximately 77 per cent stake in e-commerce major Flipkart.

Accordingly, Walmart now holds approximately 77 per cent of Flipkart, while the remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp.

Walmart’s investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business and both companies will retain their unique brands and operating structures in India.

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Equity indices end at record closing levels; Nifty50 closes above 11,500

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Sensex equity Nifty

Mumbai, Aug 20: Positive global cues and recovery in the Indian rupee lifted the benchmark S&P BSE Sensex and NSE Nifty50 to provisionally end at record closing highs on Monday.

Heavy buying activity was witnessed in capital goods, metal and oil and gas stocks, analysts said.

Earlier in the day, both the indices — BSE Sensex and the NSE Nifty50 — touched their all-time intra-day high levels of 38,340.69 points and 11,565.30 points respectively.

At 3.30 p.m., the wider Nifty50 of the National Stock Exchange provisionally ended at a fresh closing high of 11,551.75 points, up 81 points or 0.71 per cent from its previous close.

The benchmark S&P BSE Sensex which had opened at 38,075.07 points, closed at 38,278.75, points, higher by 330.87 points or 0.87 per cent from its previous close. It touched an intra-day low of 38,050.69 points.

Sector-wise, the S&P BSE Capital Goods index gained 668.41 points, the metal index rose by 332.36 points and the oil and gas was up 191.82 points by the end of the day’s trade.

On the other hand, the IT index declined by 188.84 points, the consumer durable index fell 127.24 points and the Teck (technology, entertainment and media) stocks declined by 76.07 points.

The top gainers at the S&P BSE Sensex were Larsen and Toubro, Tata Motors (DVR), Tata Motors, ONGC, and Tata Steel. On the contrary the majors losers in the day were Infosys, Maruti Suzuki, ICICI Bank, Axis Bank and Hindustan Uniliver.

On Friday, the indices traded on a positive note with the Sensex closing at 37,947.88 points and the Nifty50 at 11,470.75 points.

IANS

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