crypto

CENTRE Consortium To Change The Reserves Composition For USDC

FRNT Financial

August 24, 2021

CENTRE Consortium, formed by Coinbase and Circle to launch the USDC Stablecoin, announced that it will change the reserves composition for USDC. We contrast the change with current disclosures published by Tether for USDt reserves.

Half Of Robinhood's Q2 Revenue Attributed To Crypto Transactions

FRNT Financial

August 23, 2021

Crypto made up 50% of transaction-based revenue in Q2, up from just 17% in Q1, and the firm guided for lower revenue and net funded accounts for the period ending September 30, 2021.

Twitter's Bluesky Project Hires Zcash Developer To Lead Initiative

FRNT Financial

August 20, 2021

Twitter’s “bluesky” project has announced hiring Zcash developer Jay Graber to lead the initiative. Bluesky was revealed in 2019 with the aim of building a “decentralized standard for social media.”

Cardano Network Continues To Draw Attention Despite Limited Practical Uptake

FRNT Financial

August 19, 2021

Last week, Cardano reached a market cap of $70.3 billion, about $3.4 billion less than the asset’s all-time high valuation achieved in May. The network has enjoyed outsized attention as it plans to introduce smart contracts on September 12.

6 Key Metrics To Know As Crypto Market Cap Passes $2 Trillion

FRNT Financial

August 18, 2021

The estimated crypto market cap surpassed USD 2 trillion this week, largely led by alt coins. BTC Dominance has fallen to 44%, the lowest the metric has been since early June. Here's a summary of key market metrics.

Polygon’s MATIC And Hermez’s HEZ To Merge Under Acquisition Deal

FRNT Financial

August 17, 2021

Ethereum scaling protocol and framework Polygon has acquired fellow scaling tech provider Hermez Network. The deal will also involve a merge of the 2 networks’ native tokens.

DOGE’s Popularity Fails To Spur Greater Development On Its Native Network

FRNT Financial

June 30, 2021

In spite of the outsized attention afforded to Dogecoin (DOGE)— which added roughly USD 10 billion to its market cap over the past week— the coin continues to see sporadic and at times scant developer activity on its GitHub page.

Fed Official Says USDt Reserves Resemble A 'Very Risky Prime Fund'

FRNT Financial

June 29, 2021

Last week, Boston Fed President Eric Rosengren said USDt reserves resemble a “very risky prime fund.” Despite persistent concerns over the stablecoin’s perceived regulatory challenges, the USDt market cap has tripled since the new year to USD 62 billion.

Binance Lists Ontario As A 'Restricted Jurisdiction'

FRNT Financial

June 28, 2021

Ontario residents using the platform have until December 31 to close out active positions. The move preceded a notice from the UK’s Financial Conduct Authority (FCA) which stated that Binance “must not...carry out any regulated activities for which” it lacks permission.

JPMorgan Survey Shows Most Investors Have Little Interest In Crypto

FRNT Financial

June 24, 2021

According to a JPMorgan survey, only 10% of surveyed institutions are “involved” in crypto. Despite significant steps towards mainstream adoption, institutional involvement remains tepid.