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  Japanese government publishes data on cryptic fertilizers | Bit Updates
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Japanese government publishes data on cryptic fertilizers

Saturday, September 9th, 2017 | bitcoin updates

In the first seven months of 2017, 33 cases of fraud related to cryptanalysts have occurred in Japan. This is what the government announces – and goes to the financial damages of the cases.

According to information from Nikkei and The Yomiuri Shimbun, the National Policy Agency (NPA) reported a sum of 76.5 million yen. This equates to approximately 590,000 euros. The data are from the period from January to July, but towards the end, the fraudulents have increased. This marks a generally rising trend which corresponds to that of the crypt-currency market. In July alone, 17.3 of the 76.5 million yen were involved in criminal activities.
What cryptic threats are particularly affected?
The cases of fraud can also be classified according to cryptic methods:
Ripple: 29.6 million YenBitcoin: 29.3 million YenEthereum: 200,000 YenNEM: 100,000 Yen
It is surprising that the level of damage does not seem to correlate directly with market capitalization. While Ripple is almost on bitcoin with Bitcoin, the Ethereum damage sums are relatively low. Although data on Japan are of limited significance for global development, it is to be expected that there will be an international correlation between the rising trend between the crypt-market and the related crime. Finally, the growing market also gains in interest from attackers.
BTC-ECHOEnglish original version via CoinDesk

About Max KopsMaximilian Kops works as an analyst and author for BTC-ECHO and specializes in technical development of blockchains as well as FinTech startups. He is also an expert in the analysis of Initial Coin Offerings (ICOs). He studied business informatics and began to mend bitcoins in the living room of his parents' house at the age of 17 website

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