Tech Times' CryptoWatch brings you a round-up of the top news behind the blockchain from last week, starting with the monumental arrest made by the Philippines' DOJ against two Russian nationals allegedly behind Coins.ph's hack. Next up is the rallying price and performance of PlayDoge, a new coin in the market that is tied to a pay-to-earn (P2E) game.
(Photo : Tech Times)
Additionally, there are also the latest prices of the top cryptocurrencies in the market which deliver the latest changes in the blockchain.
Following the recent Coins.ph hack incident, the Philippines' Department of Justice (DOJ) has arrested and charged two Russian nationals allegedly behind the attack against the crypto exchange platform. The Philippines charged Vladimir Evgenevich Avdeev with 23 counts of cybercrime and Sergey Yaschuck with three counts under the Republic Act (RA) No. 10175, a.k.a. the Cybercrime Prevention Act of 2012.
The Russians were said to have illegally accessed Coins.ph's systems and stole as much as 340 million Philippine pesos or 12.2 million XRP.
It was later regarded that both allegedly tried to hide their trail and laundered the stolen money into different crypto accounts and platforms after the attack.
One of the top performers of last week was an up-and-coming new coin called PlayDoge ($PLAY), whose presale was already nearing $6 million after its launch. This took place amidst a still unstable market that saw massive drops from the likes of Bitcoin, Ethereum, and more from the week prior, with PlayDoge rallying as a new meme coin.
It is also known that PlayDoge was offered alongside a play-to-earn (P2E) game under the same name, similar to the previous trending experience in the world, NFT games.
The game is similar to the renowned Japanese virtual pet game, Tamagochi, but one's care and nurturing of the pet would help in growing their assets. One PlayDoge coin sells for $0.0052.
Top Crypto Prices in the Market Now
The past week saw a great performance from the top cryptocurrencies in the market, and this was a significant rally for the coins after suffering from massive losses in the past weeks. It is known that Bitcoin most recently dropped to as low as $53,000, but it has now bounced back to around $67,000, and the same goes for Ethereum alongside the others.
According to CoinMarketCap, the Fear & Greed Index is now at 64 Greed, showing off the stellar performance of crypto.
Bitcoin (BTC) - Price: $67,222.81 | 7.35 percent increase over the past seven days
Ethereum (ETH) - Price: $3,4822.35 | 4.14 percent increase over the past seven days
Tether (USDT) - Price: $1.00 | 0.04 percent decrease over the past seven days
Binance Coin (BNB) - Price: $593.31 | 6.31 percent increase over the past seven days
Solana (SOL) - Price: $77.86 | 16.88 percent increase over the past seven days
