Medium » Coinmonks
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Medium » Coinmonks
3h ago
Crypto reconciliation is a painstaking process crucial to audit companies that manage and verify crypto transactions across a diverse set of sources, including but not limited to exchange accounts, personal wallets, internal records, and DeFi protocols. As in the reconciliation process of traditional bank statements, crypto reconciliation ensures that all records are accurate and complete and do not contain discrepancies — rigid enough to keep up with the demands of financial integrity and compliance.
Why is this crucial?
Accurate accounting is the bedrock of any business dealing with cry ..read more
Medium » Coinmonks
3h ago
The gaming landscape is undergoing a transformative shift with the advent of blockchain technology and non-fungible tokens (NFTs). Games like Zed Run have captivated audiences by blending the excitement of digital horse racing with the ownership and investment potential of NFTs. If you’re looking to develop a game similar to Zed Run, this guide will provide a detailed and informative roadmap to help you navigate this innovative space.
Understanding Zed Run and Its Appeal
Before diving into the development process, it’s essential to understand what makes Zed Run unique. Zed Run is a blockc ..read more
Medium » Coinmonks
3h ago
A crypto token development company can play a pivotal role in shaping and executing a successful token launch strategy. With their deep understanding of the blockchain ecosystem and experience in token development, these companies can provide valuable insights and guidance at every step of the process. From initial concept refinement to tokenomics design, smart contract development, and security audits, they ensure that your token meets technical standards and regulatory requirements.
Fig: Crypto Token Development Company
Additionally, they can assist in selecting the right blockchain platform ..read more
Medium » Coinmonks
3h ago
Cryptocurrency exchanges have undergone significant transformations since the inception of Bitcoin and the broader cryptocurrency market. From early platforms fraught with security issues to today’s sophisticated, regulated exchanges, the evolution of these marketplaces reflects the maturation of the entire crypto ecosystem. This article chronicles the journey from the infamous Mt. Gox to the highly secure and diversified exchanges of today.
Early Days: The Birth of Crypto Exchanges · Mt. Gox (2010–2014)
Mt. Gox, short for “Magic: The Gathering Online Exchange,” started as a trading plat ..read more
Medium » Coinmonks
3h ago
The growing need for stablecoins
With the ongoing digitization of the financial sector, digital currencies have become central. However, volatility remains a major issue for these currencies. This is where stablecoins enter the scene.
As of June 1, 2024, the total cryptocurrency market cap reached $2.6T, with stablecoins representing 6.0% (about $0.2T). Tether ($USDT) and USDC ($USDC) are 3 and 7 by market cap among all cryptocurrencies.
Ethereum leads the stablecoin market with a 49.9% share, followed by Tron at 35.6%, and other networks at less than 3.5%.
What are stablecoins, and ..read more
Medium » Coinmonks
3h ago
Image created by the author in Canva © Author assumes copyright and provenanceANALYSIS Bitcoin grips above $71,000 amid high ETF demand. Is speculative interest back?
On June 5, sluggish Bitcoin dynamics switched to an abrupt volatility which paved the way to $71,540 at the writing time.
The uptick kicked in as the positive two-week exchange-traded funds (ETFs) collective netflow hit the record $886.75 million on June 4, mainly driven by Fidelity’s FBTC’s $379 million inflows.
Reacting to the massive inflows, Bloomberg analyst Eric Balchunas cited ones to be a “tidal wave ..read more
Medium » Coinmonks
3h ago
In recent years, the world of cryptocurrency has exploded onto the financial scene, captivating investors and entrepreneurs alike with its potential for astronomical growth. As the digital currency market continues to evolve, the United States stands at the forefront, poised to capitalize on this lucrative opportunity. With projections estimating the US crypto market to reach a staggering $32.9 billion by 2028, it’s no wonder that aspiring innovators are eager to carve out their slice of the pie.
Setting the Stage: The Explosive Growth of Cryptocurrency
The journey of cryptocurrency from ..read more
Medium » Coinmonks
3h ago
Discover the top 17 Binance Clone Development companies for 2024, specializing in creating secure and scalable cryptocurrency exchange platforms. Top 17 Binance Clone Development Companies for 2024
Binance Clone Development refers to the process of creating a cryptocurrency exchange platform that replicates the features, functionalities, and user experience of Binance, one of the world’s leading cryptocurrency exchanges. These clone platforms allow businesses to enter the crypto exchange market quickly, providing users with a familiar and reliable interface for trading digital assets. Bin ..read more
Medium » Coinmonks
3h ago
Where are we in the crypto cycle?
That’s the question many involved with crypto investing are pondering right now.
My research suggests we’re in the fourth or fifth inning. In short, we’re roughly halfway through the bull cycle.
So it’s not to late to start investing in crypto.
Best of all, around 80% of profits are made in the last 20% of the cycle. We’re entering the period where things get truly silly, to the upside.
Let’s look at a few charts…
The crypto 4-year cycle explained
Crypto prices tend to follow a 4-year cycle.
Every fourth year, crypto prices&n ..read more
Medium » Coinmonks
3h ago
The crypto world is buzzing with anticipation as prominent chart analyst AshCrypto sounds the alarm for a potential short-term correction in Bitcoin’s price. Despite Bitcoin’s slight 0.5% dip over the past 24 hours, settling at $70,834.5, the overall sentiment remains cautiously optimistic.
AshCrypto warning comes at a time when daily inflows into Bitcoin exchange-traded funds (ETFs) have been on an impressive 17-day streak, reflecting sustained investor interest in the world’s largest cryptocurrency.
The Looming Correction: A Temporary Setback?
According to AshCrypto analysis, the TD Sequen ..read more