33 cryptocurrency cases found at NIPPON (Japan) – Rise in cases.

   According to the latest reports from National Policy Agency (NPA) reported roughly ¥76.5 million ($710,848) in fraud-related thefts between January and July. As per statement by Nikkei and The Yomiuri Shimbun. Here we can assume at very core the pace of those complaints appears to have picked up as the year progressed. Corresponding to the rising cryptocurrency market – with ¥17.3 million reported stolen in July alone. Japanese consumers reported 33 cases of cryptocurrency-related fraud in the first seven months of current year.  Representing more than half a million dollars-worth of losses . It is not really easy to digest.

Plan of Action

It is real shocking  & it is an unexpected rise in cases. According to another Japanese paper media – The Mainichi, the police agency said the stolen funds may have already been converted to other forms of money, including cash. The NPA did not reveal the process followed by thieves of cryptocurrency. Actually thieves bypassed two-factor authentication to transfer the funds.

Till date any of the funds identified have been recovered. Situation seems not so easy. Matter is complicated. The article notes that while many of the accounts victims did not have two-factor authentication implemented, at least three accounts did. Two-factor authentication provides an extra strong layer of security to digital accounts, and requires a digital token system to be able to log into an account. Now loss by virtual currency up to June 2017 were the most for Ripple at 29.6 million yen to be followed by Bitcoin at nearly 29.3 million yen.

Loss in other currencies Ethereum and NEM amounted to 200,000 yen and 100,000 yen, respectively, among others. “The cases involved cryptocurrencies like bitcoin, Ether and Ripple’s XRP”, the reports said, with the majority of the year’s reports thus far relating to thefts of Bitcoin. So concerns are very important.

Australia-Based Exchange Develops Bitcoin Blockchain Software

   Blockchain Global, an Australia-based bitcoin digger and trade that creates bitcoin blockchainprogramming, will dispatch the principal committed NEM Foundation trade, as per Finance Magnates. Blockchain Global’s trade cases to have exchanged more than $A600 million to date.

Sam Lee, CEO of Blockchain Global, said the association puts his trade at the bleeding edge of digital money advancement since nobody else in Australia is building trades. Lee said Blockchain Global is eager to have NEM use its trade, blockchain IP and know-how to lead the stage’s improvement, with more digital currency trades to come.

More Platforms to Come

William Saunders, Blockchain Global’s business improvement administrator, said the NEM trade will prepare for all the more driving digital currencies to seize control without bounds with their own particular exchanging stages.

Lon Wong, leader of the NEM Foundation, said the establishment needs to make sure that organizations utilizing NEM’s brilliant resource offering are not traded off by other trades’ failure to stay aware of interest, given that the worldwide digital forms of money biological community is blasting at the creases.

NEM Valuation Soars

NEM has taken after crypto advertise patterns this year, making critical picks up lately. It achieved a pinnacle valuation of $2 billion in May, at that point tumbled to $1.1 billion on July 15 preceding bouncing back to $1.6 billion on July 23, as indicated by coinmarketcap.com. Indeed, even the July 15 low was well over the pre-March valuations, which were under $100 million.

NEM was at first created and presented in Japan by Makoto Takemiya, the prime supporter and CEO of Soramitsu, the organization that acquainted the Iroha blockchain extend with the Linux establishment’s Hyperledger Project.

Takemiya’s association in a portion of the biggest blockchain extends and additionally the Japanese government’s legitimization of bitcoin prompted a surge in enthusiasm for altcoins, for example, NEM that started in Japan. (Takemiya is never again included in the venture.)

Markets Today: Looks Like Segwit Will Be Activated

It is an exciting time for Crypto lovers all over the globe. The market keeps blossoming and there are hopes the future is bright. On top 10 only one crypto succumbed.

Various groups on Twitter, Whats app and Facebook Coinpedia monitored indicated there is the possibility of Segwit being activated. This piece of news has sent excitement all over the community.

Anyway, we are still waiting for August 1, and now that the threat has come down it is a sure bet our detractors have lost once more. In the end, it will be decentralisation that wins once more.

Markets Update

Satoshi Nakamoto’s brainchild which is transforming the world like never before is now being sold at $$2374.21. As a matter of fact, it soared 5.16 percent.

Ethereum made the 2nd best gains for the day with a gigantic 24.78 percentage points. This feat brought its price to $240.77. A great improvement upon yesterday wins.

The third most valuable digital currency is still Ripple. It sailed 5.80 to close its price at $0.185137.

Litecoin strangely continues to grow at a snail pace. Today, it is the least growth for the day. The market price is $44.17  whilst it went up by 1.18 percent.

Fifth placed Ethereum Classic just is the 3rd smallest growth rate for the day. Yesterday it was the slightest leap. It climbed 4.82 percent and sold for $16.00.

Dash catapulted a price of $164.55 and rose 8.68 percent. It has actually doubled its previous day increase.

At number seven NEM was up 2.24 to register the 2nd least gains of the day. The exchanges were selling it at $0.133494.

The only fall of the day was recorded by on and off IOTA. Its loss was 2.41 to sell at $0.278194.

Monero won 6.90 percent to maintain the 9th position. Actually, the anon virtual currency is on the market for sale at $37.04.

Coinpedia for some days have been predicting Veritaseum should be watched and truly it is in the top echelons today. The entry was a gallant! Towering above all for the day with a 29.41 percent, the selling rate was  $234.30.

Honourable Mention

Zcash is the Coinpedia Honourable Mention of the day. At number 13, it flew 17.86 percent. Good for you Zcash.

Security Focused Altcoin Dash Debuts On App Store As Apple U-Turns On Ban

Apple has switched its choice to boycott applications supporting protection centered altcoin Dash from its App Store.

Having decided Dash-based items, including the official Dash wallet, were improper in August 2016, the tech monster has U-turned on its examination.

Dash would now be able to make a big appearance on one of the world’s greatest commercial centers, where it joins other virtual monetary forms including Ripple, Ethereum and Litecoin and in addition Bitcoin.

Remarking on the news, Dash Core CEO Ryan Taylor sounded pardoning.

“Apple is in a troublesome position,” he said in a public statement issued Wednesday.

“At last, they are endeavoring to pay special mind to client well being by keeping less trustworthy ventures from getting to the Apple Store biological system. Apple has demonstrated an eagerness to permit commendable computerized monetary standards into their stage, yet that requires a mind boggling measure of due ingenuity on their part.”

Dash has figured out how to concrete progressively noticeable associations as of late, proceeding with a style which developed promptly after the advantage’s cost started frequently beating $200 not long ago.

The turnaround at Apple rose up out of a resulting demand, Taylor stated, in light of the “development and advancement” of Dash since August.

“We requested that Apple reexamine Dash’s status since we have a convincing story of proceeded with development and advancement,” he proceeded.

“Additionally, we need to meet our clients’ requests, and support on Apple items positions at the highest priority on the rundown of our client wishes.”

Markets Today: What Does Mark Cuban Know About Cryptocurrency

Comments from American Billionaire Mark Cuban that Bitcoin is heading for a bubble has slowed down Bitcoin price growth. Analysts believe his comments sent panic among buyers.

Bitcoin price went down to almost $2600 from $2884 yesterday and resisted downward adjustment through yesterday night and early morning on Thursday. However, it managed to come up later in the morning but not to its previous value.

Community members in various platforms took a swipe at Mr Cuban referring to him as clueless about Cryptocurrencies. On Twitter, someone asked, “What does Mark Cuban know about Crypto?”

Market Updates

On the market front, Bitcoin is gradually putting itself together and is now being sold at $2787.92 but still down by 1.75 percent. It showed real resilience yesterday night and early morning today, going down constantly and rising up.

Ethereum is also down but posted an admirable $261.37 market price. Its loss was 0.23 percent.

It is a happy day for Ripple since it has the 2nd best growth for the day. Actually, the gain was 5.50 percent and market price stood at $0.295267.

On the 4th spot, New Economic Movement (NEM) took a fall of 2.23 percent to sell at $0.219760. This is two consecutive days of depreciation but today was worse.

Ethereum Classic made it up to its followers today by going up. It was listed for sale at $17.67 and leapt up 2.98 percentage point.

All is not well for Litecoin since it has declined again. Going below by 2.03 percent, it could be purchased for $29.19.

Dash was on the casualty list as well. The private-centric darling boy was selling at $144.76 but dwindled 2.34 percent.

Meanwhile, Stratis is not maintaining the tempo by dropping points three days straight. Today it is on the market for $9.25 with a minimised growth of a huge 11.82 to become the biggest loss of the day. Apparently, the problem with their wallet is affecting them.

Monero too could not continue on the winning spree and dropped a vital 3.07 percent. Anyway, its price was $54.90.

At the bottom of top 10, Bytecoin sits with the biggest gain of the day.  It made a 15.19 percent gains to sell at $0.003552.

Honourable Mention

Bitshare soars up as much as 34.03% today. This, in fact, makes it Coinpedia’s honourable mention for the day. It was selling for $0.155002. Interesting enough, it is ranked number 17 by CoinMarketCap.