crypto

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.

Kraken CEO Believes A Regulatory 'Crackdown' On Crypto May Be In Store

FRNT Financial

April 13, 2021

In an interview with CNBC, Kraken CEO Jesse Powell said he believes “there could be some [crypto regulatory] crackdown.” The CEO’s remarks come just ahead of competitor Coinbase’s Wednesday IPO. 

Despite China's Efforts To Limit BTC Development, PayPal Founder Wonders If BTC Is A 'Chinese Financial Weapon' Against U.S.

FRNT Financial

April 12, 2021

Last week, PayPal founder and tech investor Peter Thiel said he wonders “if at this point [BTC] should also be thought of in part as a Chinese financial weapon against the U.S.” Thiel’s remarks don’t reflect the reality of China’s current approach to BTC and crypto. 

Coinbase Q1 Report Shows Impressive Results, But The Firm Describes Future Revenue As 'Unpredictable'

FRNT Financial

April 8, 2021

Coinbase has published Q1 2021 estimated results and an outlook for 2021 as the exchange moves towards an April 14 listing. Coinbase's impressive results rely heavily on trading revenue, but normalized performance, accounting for bear & quiet markets, is unclear.

Stellar Network's Technical Issues Caused Exchanges To Halt XLM Withdrawals Monday

FRNT Financial

April 7, 2021

Despite the technical challenge, XLM’s price didn’t experience any obvious reaction to the news. The episode showcases the seeming propensity of crypto investors to ignore warning signs of technical risk.

Is Profit-Taking To Blame For A Decrease In High-Value BTC Wallets? The Answer May Be More Nuanced Than It Seems

FRNT Financial

April 6, 2021

Last week we highlighted the decreasing number of wallets holding over 10,000 and 1,000 BTC since November and February and have since fielded questions about whether the metric signals profit-taking. We feel the answer is more nuanced and in part highlights evolving characteristics of the asset, such as new custody solutions.

Microsoft's ION Launch Highlights Non-Financial Opportunities For The BTC Network

FRNT Financial

April 5, 2021

ION represents the most high-profile use of the BTC network for a non-financial purpose amidst a rally that has centered on the asset’s financial utilities.

FATF Updates Add Another Layer Of Regulatory Uncertainty In The DeFi Space

FRNT Financial

April 1, 2021

The updates expand the definition of Virtual Asset Service Providers (VASPs) to include those offering “non-custodial” platforms, often referred to as decentralized venues. The new rules add another layer to complex regulatory uncertainty faced by the DeFi space.

Searching For The Path Of Least Resistance In BTC Price? Look To Realized Volatility For Hints

FRNT Financial

March 31, 2021

With BTC range-bound for the longest period in 2021, we’re receiving growing questions from investors around the direction of the path of least resistance for price. We look to realized volatility metrics for hints.

Canadian Securities Administrators Issues New Guidance For 'Crypto-Asset Trading Platforms'

FRNT Financial

March 30, 2021

The guidance formalizes previously-hinted-at views that crypto trading on exchanges is seen as more akin to derivatives and focuses on the nature of settlement vs. the nature of the traded asset.