Nigerian Currency Reverses Early April Gains, Depreciating by 12% in Seven Days

The Naira recently depreciated by 12% in just seven days, thus shedding all the gains it made against the U.S. dollar in early April. Local media reports attribute the volatile naira’s latest drop to the growing mismatch between the supply and demand of foreign exchange. Demand and Supply Mismatch Just weeks after nearly breaching the […]

Go to Source

Runes Generate $135M In First Week Amid Record Daily Transactions

Bitcoin’s recent surge to a new all-time high in daily transactions has been accompanied by the remarkable success of its latest innovation, Runes. Since its launch just one week ago, Runes has made waves in the cryptocurrency world, generating an impressive $135 million in network fees. The launch of Runes coincided with a significant milestone for Bitcoin, as the number of daily transactions skyrocketed to 927,000 on Tuesday. This shattered the previous record of 724,000 transactions set back in December 2023, just three days after the 2024 Bitcoin-Halving event. Bitcoin hit a new all-time high in daily transactions! Following the

The post Runes Generate $135M In First Week Amid Record Daily Transactions appeared first on The Merkle News.

Go to Source

Ethereum Price Sees Slight Decline As On-Chain Transactions Draw Attention

Today, the price of Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a slight decline as it inches closer to the $3,000 mark. ETH witnessed a low of $3,071 before undergoing a modest recovery, with the current trading price settling at $3,114. Notably, Ethereum continues to show a 1% loss in value at press time. Recent on-chain reports have unveiled intriguing transactions involving significant amounts of ETH. Address 0x4E8…fA555 initiated a transfer of 8,150 ETH, valued at $25.64 million, to a Galaxy Digital OTC address, raising suspicions of a commissioned sale. 9,150 ETH Potential Relation With Recent Whale Transaction

The post Ethereum Price Sees Slight Decline As On-Chain Transactions Draw Attention appeared first on The Merkle News.

Go to Source

FBI Warns Against Using Unregistered Cryptocurrency Money Transmitting Services

FBI Warns Against Using Unregistered Cryptocurrency Money Transmitting ServicesThe Federal Bureau of Investigation (FBI) has issued a warning about using unregistered cryptocurrency money transmitting services that fail to comply with U.S. anti-money laundering laws. The agency has provided tips for the public to protect themselves, advising them to avoid providers that do not require Know Your Customer (KYC) information. FBI’s Crypto Warning The […]

Go to Source

Rich Dad Poor Dad Author Robert Kiyosaki Declares US Economy in a Depression

Rich Dad Poor Dad Author Robert Kiyosaki Declares US Economy in a DepressionRich Dad Poor Dad author Robert Kiyosaki has issued a stark warning that the U.S. economy is currently in a depression. He points to the subpar economic growth, with a 3.4% increase in GDP for Q4 2023 and a 1.6% rise in Q1 2024 as clear indicators. Kiyosaki asserts that a soft landing for the […]

Go to Source

DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer

DOJ Counters Motion to Dismiss Charges Against Tornado Cash DeveloperIn a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […]

Go to Source

Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports

News Bytes - 4Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims into changing their Ethereum RPC URL to one they control, making it appear as though USDT funds were deposited, only […]

Go to Source