Hackers Steal $5 Million Dollars in Bitcoin — Vault of Satoshi Closing — True Randomness & China! – Video

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Hackers Steal $5 Million Dollars in Bitcoin -- Vault of Satoshi Closing -- True Randomness China!
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Hackers Steal $5 Million Dollars in Bitcoin -- Vault of Satoshi Closing -- True Randomness & China! - Video

BitCoin Archives – ForexNews.com

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By Digital Currency Magnates on Jan 7, 2015 09:13:26 GMT

Bitcoin (BTC/USD) had its first big bounce this year, climbing as high as $293 on BTC-e. Currently trading at $283, it is still down by over 10% for the year. Volume has tapered from that seen during the sell-off earlier this week, now averaging 300 BTC/hour. BTC has done a relatively good job of retracing []

By Petar Kotevski on Jan 7, 2015 04:42:17 GMT

A lot happened since our last update as bitcoin is back to making headlines. BitStamp, one of the top USD to BTC exchanges by trading volume got hacked, losing approximately19,000 BTC or $5.3 million in todays prices. The initial move lower to $260 can likely be pinned on this. On the technical front, the bounce []

By Petar Kotevski on Jan 5, 2015 12:01:01 GMT

Bitcoin extended the decline for a second day in a row. After opening at $289.67 BTC/USD fell to daily low of $260 flat before rebounding somewhat. The fledgling cryptocurrency ended the day down by another $23 dollars or close to 8 percent. The total two days loss now stands at $46 dollars, or 14.7 percent. []

By Petar Kotevski on Jan 4, 2015 04:18:03 GMT

Bitcoin successfully cleared the round $300 figure yesterday. Prices took out the temporary swing low at $296, then proceeded to fall $24 dollars to a new low of $272. In our article yesterday we said: The spike lower points that more losses are on the way but it would be prudent to wait for a []

By Petar Kotevski on Jan 3, 2015 06:16:44 GMT

Bitcoins range exploded today as prices fell to retest the $300 figure. After opening at $312.72, BTC/USD fell steadily and hit a low of $296 per coin around mid-day. Since then we had a bit of a pullback and we are currently quoted right at the $300 mark on BTC-E. Prices are sightly higher on []

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BitCoin Archives - ForexNews.com

Hackers steal $5 million in attack on European bitcoin …

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LONDON (CNNMoney)

Cyber thieves have run off with about 19,000 bitcoin ($5.2 million) from Bitstamp accounts. The company said it has suspended services after some digital wallets were compromised on Jan 4.

Bitstamp told customers not to make any deposits as it works with authorities to find the culprits.

The firm said the breach accounts for only a fraction of its total reserves, with most held in secure offline storage systems. All balances held prior to the suspension would be repaid in full, it said.

It's not the first time Bitstamp has been the victim of cyber crime. Last February, the Slovenia-based company halted withdrawals after hackers overwhelmed its servers in a denial-of-service attack.

Related: Sony breaks silence after "malacious" hack

Bitcoin has lost some of its shine over the past year. The virtual currency is trading at about $275. That's well off peaks reached in late 2013 -- when prices topped $1,000. Its value has tumbled and exchanges have been beset with glitches and hacks.

Mt. Gox, once the world's largest bitcoin trading platform, was struck by what was essentially a massive bank robbery in 2014. When the exchange discovered it was under attack, it stopped investors from pulling their money out. Nearly $400 million was lost forever.

Bitcoin was created in 2009 and allows users to buy merchandise anonymously. Last month Microsoft (MSFT, Tech30) joined a growing number of companies that accept bitcoins as payment, including PayPal and a scattering of restaurants and car services.

But the digital currency remains controversial since it is not government-issued and isn't practical for day-to-day use.

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Hackers steal $5 million in attack on European bitcoin ...

Bitcoins Price Unfazed After Bitstamp Exchange Reports Breach

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Bitcoin, which tumbled last year after an exchange that traded the virtual currency lost its holdings and collapsed, held up today after another market, Bitstamp, suspended trading because of a breach.

Prices for bitcoins rose 4 percent to almost $284 as of 4:45 p.m. in New York, according to the CoinDesk Bitcoin Price Index, which represents an average of bitcoin prices across leading global exchanges. That compares with an average daily move of about 3 percent during the previous 30 days.

Bitstamp, an online platform in Europe, said on its website today that its temporarily suspending services after losing fewer than 19,000 bitcoins in a breach of electronic wallets used for operations. The loss amounts to a small fraction of the platforms reserves, and bitcoins held by customers before yesterdays suspension are completely safe and will be honored in full, it said.

Bitcoin prices plunged by more than half last year amid cyber thefts, mounting competition and moves by governments to head off its potential use in criminal transactions. While Bitstamp is among several key exchanges, its dwarfed by bigger platforms, accounting for about 5 percent of dollar transactions in the past 30 days, according to Bitcoin Charts, which tracks the virtual currency.

Mt.Gox, once the worlds largest exchange for digital-currency transactions, went offline in Tokyo in February after losing 850,000 bitcoins, then valued at about $473 million. The company later found 200,000 in an old-format digital wallet.

To contact the reporter on this story: David Scheer in Seattle at dscheer@bloomberg.net

To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net; Pui-Wing Tam at ptam13@bloomberg.net Reed Stevenson, David Scheer

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Bitcoins Price Unfazed After Bitstamp Exchange Reports Breach

The Wall Street Journal: Bitcoin exchange Bitstamp temporarily suspends services

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One of the largest online bitcoin exchanges has temporarily suspended services after losing some 19,000 bitcoins ($5.1 million) in what the company said was a breach of its systems, reviving concerns about the security of the digital currency.

Slovenia-based Bitstamp, in a message on its site Tuesday, said some of its operational wallets were compromised on Jan. 4 and urged customers to no longer make deposits to previously issued bitcoin deposit addresses.

The alleged cyberattack comes less than a year after the collapse of Tokyo-based exchange Mt. Gox, which initially said hackers had stolen 800,000 bitcoins--200,000 of which were later recovered--worth almost $500 million at the time.

The alleged breach is stirring skeptics to argue that bitcoin remains too insecure for mainstream use. There were lots of claims made last year and in 2013 that bitcoin was faster and safer and cheaper, but what we are learning increasingly is that maybe it isnt safer, said Mark T. Williams, a Boston University professor and frequent bitcoin critic who has testified before a congressional hearing about the digital currency.

Launched in 2009, bitcoin is an electronic currency created on computers and traded among people who store it in digital wallets. Despite volatility in the bitcoin price, which has fallen 75% from a peak around $1,150 in early December 2013 to about $283 in recent trading, mainstream adoption of bitcoin has continued. In 2014, various businesses, including Microsoft Corp. MSFT, +1.27% and Dell Inc., announced they would accept it in payment for certain goods and services, often hedging the risk of holding the digital currency by quickly converting it into dollars.

An expanded version of this report appears at WSJ.com.

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The Wall Street Journal: Bitcoin exchange Bitstamp temporarily suspends services

CU School of Medicine's April Armstrong estimates cost of psoriasis in the US

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AURORA, Colo. (Jan. 7. 2015) - The annual U.S. cost of psoriasis, a chronic inflammatory skin condition, was estimated to be between $112 billion and $135 billion in 2013, according to a review article published online by JAMA Dermatology.

Psoriasis affects about 3.2 percent of the U.S. population and understanding the economic burden of the disease is important for research, advocacy and educational efforts.

April Armstrong, MD, MPH, associate professor and vice chair of clinical research in the Department of Dermatology at the University of Colorado School of Medicine, is the senior and corresponding author of the article. Armstrong, along with co-authors, reviewed 22 studies to estimate the direct, indirect, intangible and comorbidity costs of adult psoriasis. The results were adjusted to 2013 dollars.

Their review found direct psoriasis costs ranged from $51.7 billion to $63.2 billion, while indirect costs (due to absenteeism or going to work while sick) ranged from $23.9 billion to $35.4 billion. Medical comorbidities were estimated to contribute another $36.4 billion. And intangible costs (to eliminate the negative effects of psoriasis in physical and mental health) amounted to a one-time cost of up to $11,498 per patient with psoriasis, according to the review results.

"The direct health care costs are significantly greater for patients with psoriasis than for the general population and are also higher for patients with increasing psoriasis disease severity. ... Defining the economic burden of psoriasis from a societal perspective is the foundation for innovating and providing access to cost-effective therapies that will result in improved patient outcomes," the authors note.

The article is published online today.

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About the University of Colorado School of Medicine

Faculty at the University of Colorado School of Medicine work to advance science and improve care. These faculty members include physicians, educators and scientists at University of Colorado Health, Children's Hospital Colorado, Denver Health, National Jewish Health, and the Denver Veterans Affairs Medical Center. The school is located on the Anschutz Medical Campus, one of four campuses in the University of Colorado system. To learn more about the medical school's care, education, research and community engagement, visit its web site.

Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.

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CU School of Medicine's April Armstrong estimates cost of psoriasis in the US

Review article estimates annual US cost of psoriasis in 2013

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The annual U.S. cost of psoriasis, a chronic inflammatory skin condition, was estimated to be between $112 billion and $135 billion in 2013, according to a review article published online by JAMA Dermatology.

Psoriasis affects about 3.2 percent of the U.S. population and understanding the economic burden of the disease is important for research, advocacy and educational efforts.

Elizabeth A. Brezinski, M.D., of the University of California, Davis, Sacramento, and coauthors reviewed 22 studies to estimate the direct, indirect, intangible and comorbidity costs of adult psoriasis. The results were adjusted to 2013 dollars.

Their review found direct psoriasis costs ranged from $51.7 billion to $63.2 billion, while indirect costs (due to absenteeism or going to work while sick) ranged from $23.9 billion to $35.4 billion. Medical comorbidities were estimated to contribute another $36.4 billion. And intangible costs (to eliminate the negative effects of psoriasis in physical and mental health) amounted to a one-time cost of up to $11,498 per patient with psoriasis, according to the review results.

"The direct health care costs are significantly greater for patients with psoriasis than for the general population and are also higher for patients with increasing psoriasis disease severity. Defining the economic burden of psoriasis from a societal perspective is the foundation for innovating and providing access to cost-effective therapies that will result in improved patient outcomes," the authors note.

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The above story is based on materials provided by The JAMA Network Journals. Note: Materials may be edited for content and length.

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Review article estimates annual US cost of psoriasis in 2013