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At Cryptoknowmics, we aim to be the biggest media platform in the crypto niche and serve our readers with the latest news, updates and information in the crypto world.
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Bitcoin's Plunge Below $10K Soars its Volatility to 3-Month High

Thanks to the sudden drop towards the end of the US day, Bitcoin volatility is again at the levels seen before early November, reported Bloomberg. The historical swings on the Bitcoin-US dollar pair mounted to 65% on Wednesday, which is the highest level seen after November 2019. After that, the...

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Dubai Economy Creates Blockchain Consortium To Open Bank Accounts Instantly

Dubai Economy has created a blockchain consortium while cooperating with about six UAE banks, whereby investors in Dubai would shortly be able to open a bank account quickly. "KYC Blockchain Consortium" included Emirates Islamic, Emirates NBD, Abu Dhabi Commercial Bank, HSBC, Commercial Bank of Dubai and RAKBANK. Facilities Provided By...

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European Union Ambiguous About Facebook’s Libra

Governments across the globe are experiencing a hard time making choices when it comes to crypto assets. If they do not react soon, it can prove vulnerable for their country, and if they overregulate it, they can risk losing benefits to the economy. As the launch of Facebook cryptocurrency libra...

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Gemcoin Founder Plead Guilty In $147 million Currency Scam

A South California man, Steve Chen, on February 19, 2020, accepted to have committed wire fraud and tax evasion in a plea agreement. The 62-year-old admitted that he along with a few other conspirators conned 70,000 investors by promoting a fraud cryptocurrency called Gemcoin and bilked around $147 million from...

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Coinbase Pro to Support Kyber Network Token From February 24

Coinbase Pro, a professional trading platform run by the San Francisco based crypto exchange, Coinbase, will allow users to trade KNC token, the native cryptocurrency of Kyber Network, an ethereum-based protocol that specializes in aggregating liquidity. Starting from Monday, February 24, the customers will be able to deposit KNC into...

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Enigma Agrees to Pay $500,000 For $45 million Unregistered Securities Offerings

The United States Securities and Exchange Commission (SEC) is leaving no room for violators who conduct an unregistered offering of tokens that are deemed to be securities, as was the case of Enigma MPC. Enigma, a blockchain technology startup that is based in Israel and San Francisco, was accused by...

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Wilshire Phoenix Bitcoin ETF Application May Get Rejected By SEC

The Wilshire Bitcoin ETF might not become a reality anytime soon. The Securities and Exchange Commission will be deciding on the fate of Wilshire Bitcoin exchange-traded fund by Feb. 26 and the chances of approval are very thin; especially given that the SEC has turned down every other ETF presented...

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Binance.US Added Support For New Crypto Asset Zilliqa

On Thursday at 02:00 UTC, Binance trading platform for America, i.e., Binance.US has announced adding support for Zilliqa (ZIL) on its platform. The digital asset exchange powered by matching engine and wallet technologies, Binance.US was launched last month which was licensed by Binance but operated by BAM Trading Services, its...

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U.S. Court Suggests to Focus 'Economic Realities' Of Telegram Tokens

After the two hours of hearing, Judge P. Kevin Castel of New York Federal Court, in his opening statement urged both the parties (Telegram and SEC) to examine the "economic realities" of the billion dollars token sale. He has extended the restraining order which curbs Telegram from disseminating its Gram...

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Mt Gox Creditors Receive A Raised Buyout Offer From Fortress Group

Fortress Investment Group has raised its proposal to buy claims from creditors who wasted funds in the notorious $480 million Mt. Gox hack. The group, which intended to benefit by finally recovering the Bitcoin, increased its offer on the digital currency to 88% of the account value estimated. Previously, a...

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Venture Capitalist Tim Draper Invested $1M into Aragon Blockchain Project

Billionaire venture capitalist, Tim Draper has purchased 1 million ANT tokens, worth about $823,000 in order to join the governance structure of Aragon. Aragon aims to make it easier for blockchain-native communities, to settle their wrangles since it's becoming hard and takes time to settle such disputes in traditional courts....

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PIX Announced by Bank of Brazil to Tackle Cryptocurrencies

A new payment system is well on its way to be launched in Brazil this year, guaranteeing rapid transfers. Reports on Wednesday from Reuters and Livecoins suggested the PIX project, started by the Central Bank of Brazil will provide payments via mobile apps, ATM's and internet banking within ten seconds....

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Power Ledger Demands Changes In Tax Rules Of ICO

The Australian Securities and Investments Commission (ASIC), which was formed to enforce and regulate laws to protect the investors, has become very serious about banning the several proposed initial coin offerings (ICOs) or token generation events. Since its formation, in mid-2017, the ASIC has been issuing warnings to ICO’s investors...

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FIOD Arrests Two Men in Money Laundering Case

Two men have been arrested on the grounds of money laundering with cryptocurrencies, by the Dutch Fiscal Intelligence and Investigation Service (FIOD). The International Revenue Service on February 18, released a statement according to which two men were arrested a day before on charges of money laundering in separate investigations,...

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Bitcoin's Revisit to $9,450 and $9,275 More Plausible After Yesterday's Drop

Bitcoin's volatility is like no other, it causes the price to fluctuate anywhere between $500 to $1,500 dollars. All of this, on a good day. On bad days, however, there is no volatility causing the price to go sideways. Yesterday's drop was a demonstration of the volatility. BTC dropped from...

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CME Bitcoin Futures Top $1 Billion For The Third Time

The markets related to Bitcoin futures have recently been quite active and seeing great daily volumes. Yesterday, the CME Bitcoin futures market's daily volume exceeded $1 billion again for the third time. Lately, the Bitcoin futures market's demand has been increasing— led by enthusiasm about the leading digital currency’s hopes...

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Hacker Transfers $606,000 Worth ETH Hacked From bZx

The hackers who previously exploited many loopholes on bZx DeFi protocol has been noticed transferring the funds to another address, informed the blockchain security firm, PeckShield. According to the CoinHolmes, the digital asset visualization platform of PeckShield, the hacker started moving Eth around 03:43 UTC first and then the next...

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SEC Asks To Factor in Coronavirus Risk To The Big Four Accountancy Firms

The US Securities and Exchange Commission (SEC) has urged Big Four accountancy firms in the country to feature the risk of Coronavirus while revealing their financial reporting. According to the reports, for a very long time, the SEC and the Chinese Government have been struggling with each other to inspect...

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