NASA Confirms 60 foot Asteroid is on Course for a Close Encounter with Earth (Video)

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Asteroid 2015 XY261, which was first observed on December 12, 2015, will pass within 0.8 lunar distances (the distance between Earth and the Moon) of Earth.
The 60 foot space rock is going to pass very close to our planet. 

 Condition code of 7    - MPC “U” parameter: orbit uncertainty estimate 0-9, with 0 being good, and 9 being highly uncertain. http://ssd.jpl.nasa.gov/sbdb.cgi?sstr=2015%20XY261&orb=1    http://neo.jpl.nasa.gov/ca/    http://www.jpl.nasa.gov/asteroidwatch/

There are currently 8 known asteroids that will pass with less than 10 LD’s up to the end of this month.
Two mountain-sized asteroids will safely pass on Dec, 24th and 29th.

http://lunarmeteoritehunters.blogspot.gr/2015/12/neo-asteroids-close-approaches-december.html

While confirming that the asteroid is not a threat to Earth, scientists say that if the asteroid were on course to impact earth it would cause a multimegaton atmospheric explosion over Earth’s surface, rather than impacting it. It potentially would be quite damaging (and even lethal) out to distances of 10 to 20 kilometers in all directions if it happened over a populated region with weak structures.

There is a roughly 50 percent chance of a 30-meter-plus asteroid striking Earth each century, according to NLSI team member Clark Chapman, space scientist at the Southwest Research Institute in Boulder, Colo.

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Image credit: ESA