Cryptoknowmics
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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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What is Yield Farming?

As decentralized finance (DeFi) grows in popularity, and everyone explores to understand what makes the DeFi applications so unique. A new concept of Yield farming has emerged, which means to generate rewards through cryptocurrency holding or staking.  Yield farming appears to be confusing to a large segment of people due to...

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William Barr Says Recent Framework Will Fight Against Illicit Activities

William Barr, the U.S. Attorney General, stated that the recent crypto enforcement framework will help the law enforcement agencies to fight against the crypto-related illicit activities. In this framework, there is a complete overview of all the emerging threats and challenges that law enforcement agencies face an increase in the...

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IOTA 3.0: Scalable Base Layer DLT Through Fluid Sharding, Data Sharing

IOTA 3.0 is set to become “the most scalable base layer DLT” through merging fluid sharding and data sharing with its Pollen testnet version v0.3.0 update. Gearing Up For IOTA 3.0 In a research update for October 2020, IOTA Co-founder Serguei Popov published a progress report on IOTA 2.0 with...

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What Is This Newly Created Crypto-Asset: SHROOM?

People who keep a watchful eye on the crypto token have a piece of good news about the new crypto token on Ethereum's DeFi ecosystem, SHROOM. It reported a rise of about 6200% in September 2020.  According to the website, Shroom.finance is a fork of the Sushiswap Protocol. The new...

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Being part of a Multi-Billion Dollar Industry may seem like a bit Exaggerated But if you have ever made a Payment or Transferred Money through your Phone, Then you are already a part of an industry.

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Shenzhen To Issue $1.47M Worth Digital Currency in Pilot Program

Shenzhen, a Southeastern city in China, will be issuing digital currency worth $1.47 million in a pilot program. This step is taken to promote the application of the Digital Yuan, which is a new form of digital currency. The program will be launch in collaboration with the central bank of...

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Ethereum 2.0 Developer Announces New Bug Bounty Program

A new bug bounty program focused on powering up the much-anticipated launch of Ethereum 2.0's initial phase has been launched. The program was unveiled on October 9, 2020, by Ethereum 2.0 project lead, Danny Ryan. https://twitter.com/dannyryan/status/1314563680588238853 Incentivizing the ETH Community The program aims to incentivize the Ethereum community and other...

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Pompliano Praises Bitcoin and Criticized Financial Institutions

Anthony Pompliano, a well-known Bitcoin advocate, again took over his Twitter to praise Bitcoin. The tweet featured how Bitcoin recently went above the resistance level of $11,000 and reached $11,442. Along with this, Pompliano also criticized the financial institutions that are still not able to get their hands on Bitcoin. According...

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Ethereum’s Top 5 NFT Marketplaces Surpasses Daily Volume of $1M

Ethereum's top 5 NFT marketplaces have exceeded a daily trade volume of $1 Million. Such a high trade volume level was reached after week-long trading from the NFT space. As Bitcoin and Ethereum sees a bullish upward movement towards $11k and $400 respectively, the NFT industry too sees a considerable...

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Defi Community Members Planning to Sue Andre Cronje

Defi community members are highly upset and under an outrage since the price of Yearn Finance native token, YFI, has seen a huge downturn. The community members are now upset with Andre Cronje, the founder of Yearn Finance and filing a lawsuit against him. The major reason why the Defi...

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Tesla Installs Bitcoin ATM at Its Gigafactory

Tesla has now a fully functional Bitcoin ATM at its Gigafactory Nevada. The installation of the ATM was first put forward to notice by Twitter user Reeves: Just passed by and saw @elonmusk has a bitcoin atm at the Gigafactory. pic.twitter.com/8HpkDkFwqP — Will Reeves (@wlrvs) October 10, 2020 LibertyX, the...

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Ethereum VS EOS: Comparing Two Smart Contract Platforms

Ethereum and EOS are very similar in that they both support the building of smart contracts and DApps. However, they have their unique characteristics. Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. This makes it a very top cryptocurrency on the ranking. It is the project behind the...

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ECB Launches Public Consultation For Digital Euro

The European Central Bank (ECB) has just launched a public consultation regarding “Digital Euro”. The main purpose of this consultation is to conduct experiments to see whether there is a need to create Digital Euro for the 19-nation currency club or not. It is believed that this move by ECB...

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Intotheblock Data Claims 89.28% Bitcoin Addresses Are in Profit

Intotheblock, a blockchain analytics firm, has revealed an on-chain data claiming that 89.28% of the Bitcoin addresses are in profit. According to the data, there are around 31.94 million Bitcoin addresses with balance and 28.5 million of these are in profit currently.  There are now 31.94 million addresses with a...

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Why Is Everyone In Crypto Talking About DeFi?

Decentralized finance (DeFi) is the epitome of the crypto concept – the power to build financial solutions that rival conventional financial and banking services, albeit on a decentralized architecture. It means offering money-related services outside the purview of governments, authorities, and conventional rules. Sounds exciting, doesn’t it? No wonder millennials...

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350 Spanish MPs to Get Bitcoin In A Bid To Drive Adoption

'All 350 Spanish MPs will get Bitcoin in their inboxes as a part of an educational initiative to promote cryptocurrencies in the country. The move followed a similar campaign to that of “Crypto for Congress” that sent bitcoins to all its Members of U.S. Congress by the Chamber of Digital Commerce....

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Shroom Finance Introduces New Gaming DEX “GameSwap”

DeFi protocol Shroom Finance is planning to launch a new decentralized exchange “GameSwap” for in-game assets through peer-to-peer trading. NFT has been growing quite popular in the digital art landscape. Based on Ethereum’s non-fungible token (NFT) standard, the DEX will work similarly to Uniswap. Fam! In this platform update we...

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