fintech

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.

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.

The SEC Reiterates A Need For Crypto Regulation In The U.S.

FRNT Financial

May 18, 2021

Earlier this month, SEC Chairman Garry Gensler said the U.S. lacks a “regulatory framework” for crypto exchanges which currently don’t have “protection against fraud or manipulation.” The remarks preceded an SEC staff statement that described BTC markets as unregulated and having the potential for “fraud or manipulation.”

What Does Binance's Legal Uncertainty Mean For Alt-Coins?

FRNT Financial

May 17, 2021

Last week, Bloomberg reported that Binance is under investigation by the U.S. Justice Department and IRS. The legal uncertainty faced by Binance is most concerning for alt-coins, for which Binance has emerged as an essential marketplace.

Binance Is Under Investigation Again, This Time By The U.S. DOJ

FRNT Financial

May 14, 2021

Binance is under investigation by the U.S. Justice Department and IRS, according to Bloomberg. The outlet previously reported in March that Binance was being investigated by the CFTC over allegations that it allowed U.S. residents to trade derivatives that violated local rules.

Block.one Announces Plans To Launch New Cryptocurrency Exchange

FRNT Financial

May 12, 2021

Block.one, the firm behind the EOS network and asset, has announced plans to launch a new cryptocurrency exchange in 2021. The new venue, called Bullish Global, will seek to combine elements of centralized and decentralized exchanges. EOS has rallied about 40% on the news.