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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Texas House Passes Bill that Recognizes Crypto Under Commercial Law

The Texas House of Representatives has passed a crypto-related bill that recognizes the legal status of cryptocurrencies. Apparently, the “Virtual Currency Bill” amends the Uniform Commercial Code (UCC) to show that cryptocurrencies, such as Bitcoin (BTC), are valid for commercial transactions. The bill if approved will recognize the various rights...

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European Union Country Plans 50% Crypto Tax Cut to Attract Billions

The lawmakers in Hungary are planning to cut down taxes by 50% on the capital gains on crypto with an aim to attract billions to its budget most probably by 2022. As announced by Mihály Varga, the Economy Minister of Hungary, the tax on crypto earnings is going to be...

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Shiba Inu: Know How to Buy the New Dogecoin Rival

Cryptocurrencies have entered the mainstream in 2021, with many corporations and brands beginning to embrace cryptocurrency payments. Many celebrities, including Elon Musk and Jordan Belford, have begun to support cryptocurrencies. Dogecoin is one such token and is ruling over the hearts of many crypto traders over the past few months. And...

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MoneyGram Collaborates With Coinme, Offers BTC at 20,000 Locations

MoneyGram announced a collaboration with the ATM provider Coinme that will approximately double the number of physical locations where people can invest in Bitcoin in the United States. The announcement made on Wednesday aims to let people trade in Bitcoin at Moneygram's physical kiosk. MoneyGram Collaboration with ATM Provider Coinme...

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KSM Technical Analysis: Price Is Below the First Fibonacci Resistance Level of $504.61

Kusma is a highly scalable blockchain network forked from the Polkadot codebase. It allows users to deploy Polkadot easily and build innovative decentralized apps. It is fast and has low economic barriers thereby providing a high-quality user experience. KSM is the main governance token of this ecosystem and the technical...

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SOL Technical Analysis: Price Above the Pivot Point of $43.07, May Soon Fall Below

Solana is a public blockchain network that provides an open infrastructure for the development of decentralized and highly scalable crypto apps. It is fast, tamper-proof, and censorship-resistant. It processes 50k transactions per second and is cost-effective. SOL is the native token of this ecosystem and the technical analysis is as follows:...

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As Tesla Suspended BTC Payment, Bitcoin Suffer Loss of 6% in an Hour 

Bitcoin prices have shed nearly 6% within an hour as soon as the news of Tesla suspending its support for payments in BTC made headlines. The Bitcoin markets are observed backing off after the American electric vehicle manufacturer Tesla has suspended its payment support for vehicle purchases using digital currency Bitcoin.  ...

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HT Technical Analysis: Price Likely to Fall Below $33.58

Huobi Global is a global leader in cryptocurrencies since 2013 with currently 369 crypto assets trading on its platform. It is fast, secure, and allows users to get leverage up to 5X in spot trading of cryptocurrencies. Users can deposit, withdraw, and trade in digital currencies anytime, anywhere. Huobi Token...

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Diem Association Announce Plans for Stablecoin, Shifts to U.S.

Facebook's long-delayed cryptocurrency plans pick a flight as the announcement associated with the launch of U.S. stablecoin was made by Diem Association. According to the Facebook-backed Diem Association, the pilot version of stablecoin will come soon as it shifts its base of operations from Switzerland to the U.S. However, the...

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SNX Technical Analysis: Price May Surpass the Resistance Levels of $20.91 and $22.58

Synthetix is a blockchain-based derivatives liquidity protocol that allows derivative trading on the Defi platform. Thus, users can gain exposure to a wide range of digital assets anytime, anywhere. Users can also create synthetic assets on this platform. SNX is the native token of this ecosystem. The SNX technical analysis is...

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VET Technical Analysis: Price May Further Fall Below $0.17

VeChainThor is a public blockchain network that allows users to solve real-life economic problems using digital currencies. It also facilitates decentralized application development and information storage. VET is the prime governance token of this ecosystem and the technical analysis is as follows: Past Performance On May 6, 2021, VET opened at...

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Analyst at Ark Financial Expects Dogecoin Washout and Bitcoin Strengthening

An analyst from Ark Financial has recently revealed that Dogecoin may face a washout, and Bitcoin will be able to fight with gold. In accordance with the recently released article, Yassine Elmandjra, the top crypto analyst believes that Dogecoin is likely to witness a washout from its present high prices....

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Polkastarter (POLS) and Avalanche (AVAX) Technical Analysis: What to Expect?

Avalanche and Polkastarter prices are under bear pressure and may sell off in days ahead. As such, AVAX/USDT and POLS/USDT sellers may push prices to $23 and $2, respectively. Polkastarter (POLS) Polkastarter is an easy-to-use launchpad on Polkadot. Here, projects would easily access cross-token pools and auctions in a platform...

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Physical Bitcoin ETP Listing by Iconic Funds on Deutsche Borse’s Xetra

As per the latest announcement, Iconic Funds' Physical Bitcoin ETP will be listed and begin trading on Deutsche Börse's Xetra from May 12, 2021. When compared to the Xetra Gold, the Bitcoin Exchange Traded Product (ETP) can unfasten the technical complications of trading in Bitcoin.  The ETP is issued by...

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Injective Protocol (INJ) and Curve (CRV) Technical Analysis: What's Next?

Curve and Injective Protocol prices are firm. CRV/USDT could reach $4.6, while INJ/USDT is open for $27. Injective Protocol (INJ) The Binance and Pantera-backed DeFi protocol aims to make exchanges completely decentralized and governed by holders of the INJ tokens. Past Performance of INJ From the daily chart, the INJ...

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U.S. SEC Cautions Investors’ Funds With Exposure to Bitcoin Futures

In a statement, The U.S. Securities and Exchange Commission (SEC) has warned against investment in Bitcoin (BTC) futures market and BTC. The regulatory agency emphasized that investors should be wary of the volatility of both Bitcoin and the Bitcoin futures market, as well as the lack of regulation and potential...

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Ethereum Miners Are Earning More than Bitcoin Miners: Report

Ethereum miners are reportedly earning more than Bitcoin miners over the past few days. One of the reasons for this is that the price of Ether has risen significantly over the last few months while the price of the leading cryptocurrency Bitcoin is still stagnated. Ethereum Miners Earning More than...

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Vitalik Buterin Removes 95% Liquidity from Shiba Inu Pool, Meme Coin Plunges

The recent move by Vitalik Buterin has adversely affected the meme coin Shiba Inu as he has removed 95% of liquidity from a pool resulting in the plunging of the coin. The co-founder of Ethereum has removed liquidity that amounts to 13,291.13 ETH and the equivalent sum of SHIB. Shiba...

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Defi Aggregator Yearn.Finance (YFI) Token Over $90K, Exceeds Bitcoin

Following the announcement of the new project by Andre Cronje, YFI, the token of Yearn.Finance Defi aggregator, surpasses Bitcoin again. In the early morning hours today, the YFI token managed to touch the mark of $96K, hence surpassing the price of Bitcoin. Yearn.Finance (YFI) Surpasses Bitcoin, Defi Aggregator at $90K YFI...

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Elon Musk’s Tesla Looking to Accept Energy-Efficient Cryptocurrencies

Electric car manufacturing company Tesla will no longer accept Bitcoin for car purchases. CEO Elon Musk said that Tesla is looking to accept only more energy-efficient cryptocurrencies. Tesla would still retain its Bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy...

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