FRNT Financial

About the Author

FRNT Financial is a technology and sales layer that offers institutional and accredited investors access to various forms of exposure to crypto-assets. You can subscribe to FRNT Financial Morning Note at https://www.frnt.io/morningnote

After Plenty Of Scrutiny And Course-Correcting, Facebook Plans To Begin A Pilot Test For Diem This Year

FRNT Financial

May 3, 2021

Facebook’s stablecoin project, Diem, is due to begin a pilot test this year, according to CNBC. The project and digital currency, initially referred to as Libra, has since been renamed to Diem and has walked back many of its original features due to regulatory scrutiny. 

Tether (USDt) Has Surpassed A Market Cap Of USD 50 Billion

FRNT Financial

April 29, 2021

Tether (USDt) has surpassed a market cap of USD 50 billion. The world's largest stablecoin has added an unprecedented 45 billion to its market cap in the last year, growing assets 10x.

Tron Network's USDt Balance Surpasses Ethereum's For The First Time

FRNT Financial

April 28, 2021

The USDt balance on the Tron network (USD 25.9 billion) has surpassed Ethereum’s USDt balance (24.4 billion) for the first time. The change comes as USDt surpasses USD 50 billion in market cap and highlights the degree to which blockchain applications are agnostic to the network they’re deployed on.

Despite Increased Adoption Of Crypto, Institutional Reservation Remains

FRNT Financial

April 27, 2021

In the past several weeks, Charles Schwab, NatWest, and HSBC have expressed caution over the adoption of crypto. While the asset class has seen accelerated adoption, there remains plenty of institutional reservation.

Recent Lows In BTC Dominance Likely Indicate Speculation In Non-BTC Markets

FRNT Financial

April 26, 2021

After BTC achieved a record high of roughly USD 64,500 on April 14, the asset, along with the broader crypto market, saw an aggressive sell-off. The move was preceded by alt-coin outperformance that added an estimated USD 373 billion to crypto market cap ex-BTC in the past 3 weeks.

Progress Made On RSK Exemplifies Benefits Of BTC Layer-2 Applications

FRNT Financial

April 22, 2021

Recent interest in DeFi applications has mostly been limited to those on Ethereum while upcoming BTC layer-2 applications have largely been overlooked. We review recent progress to RSK, a smart contract blockchain secured by the bitcoin network. 

Anxiety Surrounding New Potential Crypto Regulation Is Likely Overblown

FRNT Financial

April 21, 2021

Fox Business has reported that the Biden administration is developing a regulatory approach for the crypto space. Broad anxiety over new rules is likely overblown and another unlikely major contributor to last weekend's volatility.

Weekend Drop In BTC Hash Rate Likely Due To Coal Mining Accidents In China

FRNT Financial

April 20, 2021

A drop in the BTC hash rate occurred over the weekend with crypto news outlets pointing to coal mining accidents in China as the cause. We believe it was unlikely that the move was a major contributor to the weekend price decline.

Crypto Investors May Be Ignoring 'Technical Red Flags' Associated With Common Network Upgrades

FRNT Financial

April 19, 2021

ETH’s achievement of new all-time highs coinciding with a major technical issue suggests that the risks associated with common network upgrades are wholly misunderstood. 

Coinbase (COIN) Began Trading On Nasdaq Yesterday, But Not Without Confusion And Long Delays

FRNT Financial

April 15, 2021

In what will always be seen as an historic day for crypto, Coinbase (COIN) was listed and began trading on Nasdaq yesterday. Trading on the shares was characterized by confusion and long delays. The follow on effects of the listing appeared to have more impact on crypto-related equities than did tokens.