crypto

El Salvador Is Creating Legislation To Recognize BTC As Legal Tender

FRNT Financial

June 7, 2021

Arguably, BTC gives local authorities a greater overview of its monetary policies than the EUR or USD, whose management is designed to favor the countries issuing those currencies. BTC has now emerged on a list of currencies which nations can choose to adopt if they’re unable to manage domestic currencies.

BTC Mining Might Have Been Shifting Out Of China Even Before 'Crackdowns'

FRNT Financial

June 4, 2021

The BTC network hasn't shown any obvious reactions to reported crackdowns on mining activity in China. At the same time, Chinese BTC mining hardware producer Canaan has reported that 78% of Q1 revenue came from overseas markets.

Interest In Cardano Network Is Outpacing Its Technical Advancement

FRNT Financial

June 3, 2021

The Cardano network’s ADA token achieved a record market cap of USD 73 billion in mid-May. The network, which has limited functionality, has benefited from the narrative-driven investing that’s typical in crypto markets. 

Rise In Ransomware Attacks Could Pose A Big Risk To Crypto

FRNT Financial

June 2, 2021

A report from analytics firm Chainalysis claims that ransomware payments in 2020 totaled USD 406 million, up from USD 92 million in 2019.

BNB Investors Are Still Ignoring Risks And Red Flags

FRNT Financial

June 1, 2021

A selloff of BNB that’s largely in line with other exchange tokens, which aren’t facing the same challenges, suggests that BNB investors have ignored the widespread risk posed by DeFi hacks and U.S. investigations into Binance.

Here's Why BTC Market Metrics Are Looking Healthier Than Those Of ETH

FRNT Financial

May 27, 2021

Since achieving an all-time high of roughly USD 2.5 trillion in mid-May, the aggregate crypto market cap has declined by about USD 800 billion to date. BTC dominance remains at about 45%, above record lows from 2017.

Ontario Securities Commission Takes Action Against Crypto Exchange Poloniex

FRNT Financial

May 26, 2021

Yesterday, the Ontario Securities Commission (OSC) revealed an enforcement action against Seychelles-based crypto-to-crypto exchange Poloniex for “operating an unregistered crypto asset trading platform.”

Hong Kong Regulators Have Revealed Plans To Bar Retail Investors From Trading Crypto

FRNT Financial

May 25, 2021

During a Friday meeting of China’s State Council, discussions were held about “[cracking] down on [BTC] mining and trading behavior.” The same day, Hong Kong regulators revealed plans to bar retail investors from trading crypto.

3 Notable Metrics From This Week's Huge Crypto Selloff

FRNT Financial

May 20, 2021

Crypto has undergone its most significant correction since this bull market began. At one point yesterday, the estimated aggregate crypto market cap had lost as much as about USD 1 trillion WoW. Today, we review some notable metrics.

Joint Statement Out Of China Only Reaffirms The Country's Strict Stance On Crypto

FRNT Financial

May 19, 2021

3 Chinese self-regulatory organizations have issued a statement reiterating that financial institutions in the country are barred from engaging with crypto businesses. The note, which only confirms long-standing policy towards crypto in China, has been mischaracterized as a new crackdown on crypto by the media.