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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3 Exchanges Stop XRP Trading After SEC Filed Lawsuit Against Ripple

The recent action of the U.S. SEC by filing the lawsuit against Ripple has left the firm under dark clouds. Three exchanges stop XRP trading at their platforms after the lawsuit filed against Ripple. These exchanges that stopped XRP trading include Cross Tower, Beaxy, and OSL.  Even since the lawsuit...

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Axie Infinity Announces Launch of New Sidechain With Ubisoft

Axie Infinity, a digital pet universe powered by Ethereum, has recently announced the launch of a public testnet of a new sidechain. It is revealed that this public testnet will be launched with the gaming giant Ubisoft. Ubisoft will be playing the role of launch validator for this new sidechain named Ronin. ...

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Joseph Grundfest Says Ripple Lawsuit Will Cause Disruption to Third Parties

The crypto community went on a wild spin after news emerged that the U.S. SEC will sue Ripple for conducting an initial coin offering for XRP. Following the lawsuit, many firms have started distancing themselves from the digital asset. The lawsuit was released a day before Chairman Jay Clayton had...

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Axie Infinity, reportedly the most popular blockchain-driven game with a recorded user base of 18,590 users by DappRadar, is all set to launch its new sidechain with Ubisoft.

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PayPal Drops Plan To Acquire Crypto Firm BitGo

In October, rumors started circulating that PayPal will acquire BitGo to access its cryptocurrency services. Reportedly, the deal has fallen through as per several anonymous sources. The payments giant will now pursue other potential acquisitions instead. BitGo is one of the oldest crypto firms in the industry initially founded in...

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PWG Releases Statement on Stablecoins, Including Top US Financial Regulators

The President’s Work Group (PWG), which includes several top U.S. financial regulators, has recently released a new statement on stablecoins on December 23, 2020. It has been seen that stablecoins remained the major topic of the statement. There were representatives from the U.S. Treasury Department, the Federal Reserve, the Commodity...

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Crypto Predictions that Came True and Blessed the Financial World in 2020

The world of digital currencies has come a long way. It all started in the year 2009 when Bitcoin was launched. And 11 years down the line, the world of cryptocurrencies has become a part of modern society. There have been people who talk in favor of cryptocurrencies and people who...

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Galaxy Digital and Jump Trading Halts Market Making in XRP

Investment firms Galaxy Digital and Jump Trading have reportedly stopped making markets in XRP. The move comes following U.S. SEC filing a $1.3 billion lawsuit against Ripple. The price of XRP has since crashed amid exchanges withdrawing trading for the cryptocurrency. Market making means providing liquidity to cryptocurrency exchanges. Galaxy...

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Smartlands Partners with Agroxy, Allowing 15,000 Farmers to Use USDC

Smartlands has teamed up with agricultural trading platform Agroxy, where more than 15,000 farmers can execute transactions using USDC on Stellar blockchain for selling their agricultural goods. Many of these farmers are based in East Africa with a primitive banking system. Stellar’s involvement in the project will enable farmers with...

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Is XRP Planning to Hibernate Again?

The terrible collapse of the XRP market on 23 December could not leave aside even people who did not invest in XRP. After waiting more than a year and a half, XRP investors broke free from the shackles of consolidation on 13 November. Feeling euphoric and seeing a bright future...

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1INCH Tokens to Govern Automated Market Maker and DEX Aggregator

1inch, a DeFi platform, has just announced the release of its governance and utility token on December 25, 2020. It is revealed that the 1INCH tokens will be used for governing the automated market maker protocol of the platform and its decentralized exchange (DEX) aggregator as well.  Through the aggregation protocol...

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What the CBDC Terrain Will Look Like in 2021

The emancipation by the central banks around the world to launch a government-backed and functional digital currency is poised to take a new twist in the coming year 2021. The race to debut a central bank digital currency (CBDC) gained more grounds in 2020 as the advent of the COVID-19...

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Novogratz Believes Biden Administration Will Provide Open-Minded Crypto Regulations

Mike Novogratz, CEO of Galaxy Digital, appeared at CNBC’s Squawk Box on Thursday, December 24, 2020. In this segment, he talked about the recent Bitcoin bull market and the anti-crypto stance without regulatory clarity from President Donald Trump’s administration.  He mentioned that Trump’s administration has always maintained a tough stand for...

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Crypto Exchange Livecoin Hacked, Losing Control of All Its Servers

Russian cryptocurrency exchange Livecoin has announced that it was hacked, losing control of all its servers and nodes. Customers using the exchange were also warned to stop interacting with the exchange. The crypto exchange claims the security breach to be a carefully planned attack that happened on the night between Dec. 24 and...

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Hashed Raises $120M to Fund Emerging Blockchain Startups

Hashed, a crypto asset fund manager, in South Korea has just successfully raised $120 million to fund the emerging blockchain startups across and outside the country. However, the firm has not yet revealed the backers behind this fundraiser. However, there are claims that several huge IT companies in South Korea...

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HIVE Blockchain Announces $15 Million Debentures with US Global Funds

HIVE Blockchain Technologies have announced conducting a private placement of convertible debentures with U.S. Global Investors Ltd. fund for $15 million. The debentures will mature 60 months from the date of issuance. The interest rate stands at 8% p.a. payable monthly while the principal is payable quarterly. HIVE Blockchain was...

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Tierion Receives Orders to Repay $25 Million to ICO Investors

Tierion, a blockchain startup based in Texas, has received an order from the Securities and Exchange Commission (SEC) to repay $25 million to the ICO investors. The SEC has settled the charges against the firm for offering unregistered securities in the form of the token sale. Along with repaying the...

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XRP Rallies 50%, Following Appointment of New Acting Chairman by SEC

The fourth-largest cryptocurrency by market capitalization XRP seems to have gained life again following its recent catastrophic downfall. On Dec. 24, the cryptocurrency rallied by 49 percent in mere hours climbing to $0.378 at 23:40 UTC on Bitstamp crypto exchange. Over the past couple of days, XRP came under pressure following...

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Fintech Firm Luxxfolio to Acquire 590 Bitcoin Miners

Luxxfolio Holdings Inc. has announced that its wholly-owned subsidiary Luxxfolio Network Inc. is going to acquire 590 bitcoin miners. Each of the mining units comes with an aggregate hash power of 53.1 Petahash (PH) per second. The per-unit cost of the miner amounts to $1,990 with 590 units totaling $1,174,100....

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