Yes, just be aware of the Coinbase fees for the transfer.I see they’ve increased them since the beginning of the year.Still, Bitstamp is a better trading platform and offers reasonable fees, so still likely worth it.WarningYou are using Firefox 43, which is known to crash when using Cryptowatch.Mozilla has fixed this issue in newer versions.Download the Firefox Nightly build for a more stable experience.Google Chrome is another good alternative.The new year has started rather badly for the Bitcoin world.On January 4th, a cyber-attack against Bitstamp, one of the biggest bitcoin exchanges in the world, resulted in the loss of almost 19,000 BTC – the equivalent of more than $5 million.While very little is known at the moment about how the attackers managed to pull off this latest bitcoin heist, Bitstamp is assuring their customers that all of their bitcoins remain safe.The company states that “this breach represents a small fraction of Bitstamp’s total bitcoin reserves“, so hopefully covering the losses shouldn’t be a problem for them.

Because of the irreversible nature of bitcoin transactions, the only thing Bitcoin enthusiasts can do right now is to sit and watch how the attackers are emptying the address used to collect the stolen bitcoins.You can follow the thieves’ transactions by yourself here: https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf Right now, the attackers are most likely trying to move those bitcoins around through as many addresses as possible, and then will proceed to launder the stolen coins by using so-called “mixing” services Bitstamp seems to have been much better prepared for such an incident compared to Mt.Gox, so while the price of Bitcoin was of course impacted, the impact was not that big.Part of the reason is that bitcoins are currently trading at prices that haven’t been seen since the autumn of 2013 anyway, between $250 and $300 for 1 BTC.Bitcoin price in 2014 – source: ZeroBlock Taking into account these cyber attacks, we conclude that in 2015 security will continue to remain the most important thing for Bitcoin exchanges and enthusiasts.

Our advice is to diversify and try and minimize the time in which your bitcoins are hosted by anyone else except yourself.Bitcoin exchanges and third party wallet providers seem to act as a magnet for attackers, so it’s better to take the security of your bitcoins in your own hands.bitcoin default portMake sure to check out our tips on How to Keep Your Bitcoins Safe.ethereum signalsFrom The News Desk For all of history, bank robberies have happened primarily out of view.bitcointalk 21Sure the public may have seen the stickup, or at least the aftermath of the heist, but the movement of the cash and its re-entry into circulation has been entirely behind closed doors.litecoin india price

That’s the power of cash – it’s largely untraceable.Not so with bitcoin.With (nearly) every transaction recorded on the blockchain, it’s possible to watch and trace the movement of stolen bitcoins from anywhere in the world, even while the identity of the thief or thieves remains unknown.bitcoin etf voteThis is exactly what’s happening as much of the Reddit r/Bitcoin community is engulfed in the BitStamp hacking scandal.litecoin mit asic minenAnd, while understanding what occurred behind the scenes at the exchange level to make this theft possible is a high priority, tracking the movement of the roughly 19,000 stolen bitcoins (valued at ~$5 million) has become a sport in and of itself.ethereum to audFor the first several days post-hack, all the stolen coins remained in a single known address, forcing the public to watch agonizingly as the balance continued to creep up.bitcoin kostenlos bekommen

This is far different than the Mt.Gox attack where the breach (allegedly) happened over a long period of time and without the knowledge of the exchange or the broader bitcoin community.Things have since grown more complicated with the stolen BitStamp coins beginning to move through a series of transactions into dozens of new addresses.square one bitcoin atmReddit user Creationlayer created the following chart tracking these (ongoing) movements: There are a number of theories being batted around in message boards as to the nature of these movements.The simplest, and yet most unlikely explanation is that these transactions represent coin sales by the hacker(s), meaning that the recipient accounts belong to (possibly unwitting) third-parties.Given the very public nature of the blockchain, the likelihood of the hacker(s) taking such a transparent approach is quite low.Another theory is that the hacker(s) is dividing up the coins into smaller sums within wallets that he controls with the intention of somehow mixing them in the future, to obscure their true origin.

This seems to be the consensus strategy that Reddit’s armchair hackers agree would be most likely, and there is an abundance of services (both legal and illegal) that make this kind of laundering possible, such as dice sites and alt-coin exchanges.Many of these coin movements have been tracked to a certain Swedish IP address.Whether this reveals the location of the hackers, or represents some sort of spoof or redirect is unknown.As some Reddit users point out, the IP could also be associated with a mixing service, or other third-party through which the stolen coins are being washed.With the spiderweb of (presumed) hacker-controlled wallet addresses continuing to grow, this begs the question, what is the obligation of the ecosystem of bitcoin companies and service providers – like exchanges and mixing services – to track these seemingly dirty assets and avoid transacting with them?With a more than 13.7 million bitcoins in circulation, the stolen coins represent approximately 1 in 721 of all bitcoins – a not insignificant number.

Is “flagging” these digital assets as dirty and effectively keeping them out of circulation really possible?Whether it's ethical is another question entirely.The challenge is that the more times these assets move the less certain a bitcoin company (or law enforcement, for that matter) can be that the current owner of a given wallet is the same individual who owned the original wallet, and thus who hacked BitStamp.It only takes one unwitting counter-party to transact with the fraudulent account for the coins to enter general circulation.The same is true with counterfeit US currency, or drug money, or cash stolen from a bank.If there was a way to trace the movement of paper currency online, simply following a bill’s movements between wallets without knowing the owners of each wallet and the nature of each transaction would not be enough to assign guilt.But that has never been enough to stop law enforcement from seizing fraudulent assets.In the meantime, while Reddit is busy tracking these stolen coins, BitStamp is still working to figure out what went wrong and what can be done to prevent future breaches.

The exchange has been offline since the 5th of this month, with no timeline set for its resurrection.BitStamp has guaranteed all funds deposited prior to January 5th, 2015 9:00 UTC (the time at which it suspended operations), saying that those assets are covered by its reserves and insurance.The fate of any deposits attempted after this time – unfortunately, some automated transactions have continued to trickle in – is uncertain.The only public action we’ve seen from the company in the days since its temporary shutdown has been a tweet yesterday announcing it has beautified its temporary website, because the original “didn’t feel quite like home.” Unsurprisingly, the use of even a few minutes on this superficial task has the bitcoin community unimpressed.Many are beginning (or continuing) to question BitStamp’s, competence, credibility, honesty, and solvency.But with still limited information, this is little more than speculation and conjecture at this point.It’s still too early to render any sort of verdict in the BitStamp case.

We don’t know the source of the hack, whether that vulnerability has been addressed, and whether the damage was truly contained within the hot wallet alone.We also don’t know the sophistication of the hackers and whether they will succeed in obfuscating their tracks.What we do know is that, once again, a confidence-zapping hack of a bitcoin exchange is taking place very publicly, with all the scrutiny and Monday morning quarterbacking that such a scenario entails.Hopefully more concrete answers to the above questions will be available soon.Best case scenario, the hackers are caught (some how) and the funds are returned.Worst case, this theft and the subsequent washing of funds is conducted successfully in plain view without any consequences to those responsible.The latter would be bad news not only for those directly affected by this hack – the exchange and their depositors – but for the public image of bitcoin as a viable alternative currency.Surely, many outside the bitcoin community will ask, “If you know where the bitcoins are, why can’t you recover them?” The answer, that “transaction irreversibility and wallet anonymity are features, not a bugs,” likely won’t go over too well.