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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Stellar (XLM) Rallies Above $0.10, Eyes $0.12 Target

Stellar (XLM) has experienced a notable increase, surpassing the $0.0950 resistance level against the US Dollar. Following this rise, XLM is now trading above $0.100 and the 100 hourly simple moving average, indicating strong bullish momentum. Key Support and Resistance Levels Currently, there is a major bullish trend line forming...

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Ripple's SEC Battle Ends with 94% Reduced Fine, Industry Victory Celebrated

Ripple co-founder and Executive Chairman Chris Larsen recently shared his thoughts on the platform X (formerly Twitter) regarding the company’s significant legal victory over the U.S. Securities and Exchange Commission (SEC). Larsen expressed hope that this development could mark the end of what he called the "war on crypto" initiated...

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Bitcoin Rally Pauses After 30% Surge, Bulls Prepare for Next Move

Bitcoin (BTC) has experienced a remarkable 30% surge, reviving its price by $13,700 in a powerful rally. However, this momentum seems to have paused, as Bitcoin bulls take a moment to reassess and prepare for the next potential upward move. Following a weekend sell-off triggered by the "yen carry trade,"...

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Vitalik Buterin Moves 3,000 ETH to Multi-Sig Wallet Amid Market Volatility

Ethereum co-founder Vitalik Buterin recently made headlines by transferring 3,000 ETH from his wallet to a multi-signature wallet. The transaction, as reported by on-chain analysis firm Lookonchain, has fueled speculation that Buterin might be planning a significant donation. The transfer was processed with a gas fee of 0.01 ETH, equivalent...

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Shiba Inu Leader Trolls Dogecoin’s Gaming Venture

In a recent announcement, Jordan Jefferson, CEO and co-founder of My Doge crypto wallet, revealed that Dogecoin is gearing up to enter the gaming industry. Jefferson shared a short video on social media, showing a snippet from the upcoming game, where three dogs bow to a warrior-like dog statue. The...

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Bitcoin Defends $60,000 Amid Market Volatility

Bitcoin's price faced significant turbulence over the past week, but it has successfully defended the crucial $60,000 support level. After attempting to break past $63,000, the cryptocurrency experienced a sharp retracement, leading to a temporary dip just below $60,000. Despite this, Bitcoin managed to regain its footing and now trades...

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XRP Poised for Major Breakout Amid Legal and Market Developments

Recent discussions among crypto analysts indicate a shift in sentiment toward Ripple's XRP, with expectations of a significant price increase. Altstein, a well-known trader, predicts that XRP's value could surge by up to 600%, driven by favorable market conditions and positive legal outcomes. XRP has already shown strong performance, rising...

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Venezuela Blocks Binance Amid Widening Internet Crackdown

Venezuelan users are now reporting restricted access to Binance, the world’s largest cryptocurrency exchange, as the government intensifies its internet crackdown. On August 9, VE sin Filtro, a local anti-censorship group, revealed that the Binance website and mobile app had been affected by a DNS block imposed by the National...

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Kamala Harris Surges Ahead in Polymarket's US Presidential Election Odds

On Polymarket, a leading decentralized crypto prediction market, Kamala Harris has emerged as the frontrunner in the upcoming US presidential election. Currently, 52% of market participants back Harris as the likely winner, a significant shift from earlier trends that favored Donald Trump, who now holds 45% support. This marks a...

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Ethereum Gas Fees Hit Five-Year Low Amid L2 Surge and Dencun Upgrade

The cost of sending an Ethereum (ETH) transaction has significantly decreased, reflecting reduced traffic on the network. The median price for an Ethereum transaction has dropped to just 1.9 gwei, with low-priority transactions falling to around one gwei or even lower. This decline marks a five-year low, coinciding with a...

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XRP Options Surge Amid Speculation of Potential U.S. ETF Approval

The XRP options market on Deribit has seen a significant increase in activity, particularly with call options betting on a potential price surge for the cryptocurrency. This heightened interest has sparked speculation about the possible launch of a U.S.-based XRP exchange-traded fund (ETF). As of August 12, 2024, the $1.10...

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US Bitcoin ETFs Poised to Surpass Satoshi as Top BTC Holders by 2025

BlackRock's IBIT Bitcoin ETF has emerged as the third-largest Bitcoin holder worldwide, following the mysterious creator of Bitcoin, Satoshi Nakamoto, and Binance Exchange. This significant development is part of a larger trend where institutional interest in Bitcoin continues to grow. Currently, the combined holdings of US ETFs exceed 900,000 BTC,...

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X Platform Hit by DDOS Attack Amid Trump Event

On August 12, Elon Musk, the owner of the X platform, reported a significant distributed denial-of-service (DDOS) attack aimed at disrupting the micro-blogging service. "Working on shutting it down," Musk stated, as he and his team worked to mitigate the impact of the attack. DDOS attacks are designed to overwhelm...

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Cardano Founder Warns of Crypto Challenges Ahead of 2024 Election

Cardano (ADA) founder Charles Hoskinson has issued a warning to the crypto industry as the 2024 U.S. presidential election nears its final stretch. In a recent statement on the social media platform X, Hoskinson criticized the Biden-Harris administration, asserting that it continues to "wage war on the crypto industry." Hoskinson...

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Ethereum Faces Sell-Off as Major Whale Moves 48,500 ETH to Exchanges

Ethereum's price is experiencing turbulence in the third quarter as new data reveals significant selling activity from major ETH holders. A prominent Ethereum Initial Coin Offering (ICO) whale, who acquired 1 million ETH at $0.31 each, has been actively moving substantial amounts to exchanges over the past month. According to...

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Bitcoin's Remarkable 96.2% Profitability Over 5,109 Days

Bitcoin has demonstrated an impressive performance over its lifetime, achieving a remarkable 96.2% profitability rate. Over the past 5,109 days, the leading cryptocurrency has been profitable for 4,915 days. This statistic suggests that anyone who has held Bitcoin for the majority of its existence has likely experienced significant gains. The...

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Pump.fun Sells 222K Solana, Generating $89M Amid Market Volatility

Pump.fun, a Solana-based meme coin creation platform, has been on a selling spree, reportedly offloading more than 222,000 Solana (SOL) over the past three months. This massive sell-off has added to the selling pressure on Solana, which has already seen its price drop by over 11% during the same period...

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Analyzing Litecoin with Bollinger Bands: Squeeze and Head Fake Explained

John Bollinger, renowned trader and creator of the Bollinger Bands indicator, has recently turned his attention to the crypto market, focusing on Litecoin (LTC). Bollinger shared a price chart of LTC to address common questions about Bollinger Band squeezes and head fakes, illustrating these phenomena using a real-world example. The...

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Tether Mints $1 Billion in USDT: Preparing for Market Shifts

Tether's recent activity in the cryptocurrency market is making waves as the Tether Treasury minted an impressive $1 billion worth of USDT on the Ethereum network. This strategic move, announced by Tether CTO Paolo Ardoino, is an "inventory replenish," meaning the tokens are authorized but not yet issued. They are...

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Arthur Hayes Acquires 11.4 Million ATH Tokens in Major Purchase

Arthur Hayes, co-founder of BitMEX, recently made a notable purchase of 11.4 million ATH tokens on the OKX exchange, amounting to approximately $779,000. This acquisition highlights Hayes’ continued interest and confidence in the ATH project, which is gaining traction in the cryptocurrency sector. Strategic Market Move The timing and scale...

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Circle to Launch USDC 'Tap-and-Go' Payments on iPhones

Circle, the fintech company behind the popular stablecoin USDC, is set to launch a revolutionary payment feature on iPhones, enabling 'tap-and-go' transactions. This announcement was made by Circle's CEO, Jeremy Allaire, who revealed that this initiative will harness Apple's recently granted access to its NFC chip and Secure Element technology...

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