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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A Beginner's Guide to Public Ledger

Records are something that is kept for ages to keep important information organized. Similar to how a family keeps track of their monthly expenses, electricity bills, water bills, etc.  Similarly, keeping track of transactions is also important. Keeping impressions of transactions is required to let the transactions be saved at...

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Why Smart Contracts Are So Important in Blockchains

Smart contracts were proposed by Nick Szabo in 1994, who was also rumored as the real Satoshi Nakamoto once, which he had denied. Smart contracts are simply a code or contract that lets both buyer and seller communicate and ensures the completion of the transactions within the terms of the...

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Australian Securities Exchange Delays Blockchain Transition Until 2023

The Australian Securities Exchange (ASX) has announced today on postponing its blockchain-based clearing system until April 2023. The new blockchain platform intends to replace its existing Clearing House Electronic Subregister System (CHESS) platform that has been running for over 25 years. ASX Launch Date Revised Due to COVID-19 Pandemic The...

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Coinbase Launches Ethereum Rosetta to Support Balance Tracking

Coinbase, one of the prominent crypto exchanges, has just launched its open-source Ethereum Rosetta with API implementation. According to the exchange, its main purpose will be to track both internal and external ETH transfers. This means the complete balance could be easily tracked using it.  Back in August 2020, there...

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JPMorgan Launches New Unit for Blockchain and Digital Currency

JPMorgan has created a new dedicated business unit for blockchain and digital currency initiatives, as reported by CNBC on Oct. 26. Dubbed as 'Onyx,' the new unit will be led by CEO Umar Farooq with more than 100 dedicated staffers. Onyx Will Help in Commercialization of Blockchain Technology JPMorgan is...

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Ripple Makes Investment Into MoneyTap for Developing Functions and Services

Ripple, a crypto exchange giant, took a step to deepen its ties with SBI Holdings by investing in MoneyTap. MoneyTap is a subsidiary firm of SBI Holdings and the news of Ripple investment on October 28, 2020, has brought new opportunities.  Moreover, it is believed that with this huge investment...

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Huobi Crypto Exchange Adds Support For Visa and Mastercard

Huobi Global has announced adding support for Visa and Mastercard integration where users can make cryptocurrency purchases directly on the trading platform. The new service is provided by Huobi Technology, a regulated blockchain subsidiary by the Gibraltar Financial Services Commission. Allowing Users to Trade Directly From a Single Interface Visa...

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CRCNA Forms Partnership With Manbulloo and Trust Provenance

With the increase in the use of blockchain technology for the supply chain, a giant mango producer based in Australia also seems to scale up the use of blockchain. Cooperative Research Centre for Developing Northern Australia (CRCNA) has formed a partnership with Manbulloo and Trust Provenance. Manbulloo is an Australian...

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ConsenSys Collaborates With Societe Generale For CBDC Experiments

Ethereum software company ConsenSys has announced today on collaborating with Société Générale Forge for experimenting with central bank digital currency (CBDC) tests with Banque de France. This is the sixth central bank digital currency project that has been taken up by ConsensSys so far. Pacing Up for Experimenting with Digital...

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Aave Transfers Governance Rights to its Token Holders

Aave, an open-source and non-custodial protocol, is now counted among those DeFi projects which have transferred their governance rights to their token holders. It recently announced that the admin keys of the protocol are now transferred to the governance communities. Moreover, this migration is done under the command of its...

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China Drafts Law to Legalize Digital Yuan While Banning Competitors

The People’s Bank of China (PBoC) has drafted a new law that seeks to legalize digital yuan while banning the circulation of yuan-pegged digital tokens. The move intends to outlaw any digital currencies that seek to compete with China’s CBDC. PBoC Accepting Public Feedback on Draft Revision Last week, China’s...

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Bitcoin Plunges From $13,800 Coincided With Surge in USD

After being stable for quite a long time, Bitcoin came back in action. From the past few days, the Bitcoin price was increasing very impressively and was showing a complete bullish trend. However, to a surprise, Bitcoin plunges from $13,800 to the $13,200 level, on Oct. 28, 2020. This price...

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Bitcoin Bullish Above $13,000 as Per Technical Trends: Analyst

Bitcoin has pulled back below $13,000 on Oct. 28, although technical analysts suggest that the cryptocurrency could soon see bullish behavior in the coming weeks ahead. BTC dropped yesterday from the yearly highs of $13,850 to a low of $12,900. Order Book Trends Reveals Interesting Predictions for Bitcoin Bitcoin showed...

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Avanti Receives Bank Charter From Wyoming State Banking Board

Avanti has received a bank charter from Wyoming State Banking Board, becoming the second chartered crypto bank in the U.S., followed by Kraken. Although, Avanti needs to follow certain conditions such as raising enough capital before it is fully granted with a certificate of authority. Receives Banking Charter Under the...

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SBI Holdings Confirms Ripple’s Plan To Relocate in Japan

Yoshitaka Kitao, CEO of SBI Holdings, has recently confirmed Ripple’s plan of relocating its headquarters to Japan. This has been revealed during a quarterly briefing that took place on October 28, 2020.  Brad Garlinhouse, CEO of Ripple, has earlier announced his plans of moving its headquarters out of the U.S....

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How will the Upcoming US Presidential Election Impact Worldwide Stock Markets?

If you were someone who trusted polling data wholeheartedly, you could be forgiven for thinking that Democratic candidate Joe Biden was the overwhelming favourite to become the next President of the United States. This may well be true, of course, with Biden holding an average lead of 10 points over...

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WCA IPO to Accept Tether and Australian Dollar as Payments

West Coast Aquaculture Group (WCA) is all set to conduct the first initial public offering (IPO) of the company. This has been announced by Stax, which is a crypto-friendly capital-raising platform based in Australia. In this IPO, WCA will be accepting cryptocurrency Tether (USDT) and the Australian Dollar as payments....

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