fintech

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.

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.

Relative To Traditional Financial Assets, Alt-Coin Valuations Remain Challenging To Justify

FRNT Financial

June 23, 2021

Despite the aggressive crypto selloff, BTC dominance remains below 50%. Unrealistic valuations still persist across the market.

Estimated BTC Hash Rate Drops After China's Sichuan Region Orders Miners To Cease Operations

FRNT Financial

June 21, 2021

On Friday, authorities in Sichuan ordered mines in the region to shut down by Sunday. The Cambridge Centre for Alternative Finance reports that the province accounted for roughly 9.66% of China’s hash rate as of April 2020.

By Listing SHIB, Coinbase Gives 'Questionable' Coins More Legitimacy Than They Deserve

FRNT Financial

June 17, 2021

Coinbase’s decision to list Shiba Inu (SHIB)— a token launched in 2020 by an anonymous team with the aim of mimicking Dogecoin— highlights crypto exchanges’ incentives to list questionable projects.

The Path Forward For Blockchain-Based USD Beyond The Crypto Space Remains Unclear

FRNT Financial

June 16, 2021

Stablecoins outside of the crypto ecosystem have a number of competitors offering more traditional digital solutions, such as Cash App, Venmo, and Interac.

DeFi Venues Face Scrutiny From U.S. Regulators

FRNT Financial

June 14, 2021

Last week CFTC Commissioner Dan Berkovitz said DeFi exchanges offering derivatives aren’t legal and that “we should not permit DeFi to become an unregulated shadow financial market.”