fintech

BTC Dominance Is At A 3-Year Low

FRNT Financial

May 10, 2021

Historically, drops in BTC dominance have preceded weakness in crypto markets. In 2017, when BTC made record highs, the coin’s dominance was about 60%. Several weeks later when ETH made record highs, BTC dominance had fallen to roughly 35% and BTC’s price to around USD 14,000. 

Marathon Digital Holdings Launches Mining Pool That Will Be Fully-Compliant With U.S. Regulations

FRNT Financial

May 5, 2021

Crypto mining firm Marathon Digital Holdings has launched a mining pool it claims will be fully compliant by only processing transactions that “meet U.S. regulatory standards.” We review what the application of such compliance measures could mean for BTC.

After Plenty Of Scrutiny And Course-Correcting, Facebook Plans To Begin A Pilot Test For Diem This Year

FRNT Financial

May 3, 2021

Facebook’s stablecoin project, Diem, is due to begin a pilot test this year, according to CNBC. The project and digital currency, initially referred to as Libra, has since been renamed to Diem and has walked back many of its original features due to regulatory scrutiny. 

Tether (USDt) Has Surpassed A Market Cap Of USD 50 Billion

FRNT Financial

April 29, 2021

Tether (USDt) has surpassed a market cap of USD 50 billion. The world's largest stablecoin has added an unprecedented 45 billion to its market cap in the last year, growing assets 10x.

Despite Increased Adoption Of Crypto, Institutional Reservation Remains

FRNT Financial

April 27, 2021

In the past several weeks, Charles Schwab, NatWest, and HSBC have expressed caution over the adoption of crypto. While the asset class has seen accelerated adoption, there remains plenty of institutional reservation.

Recent Lows In BTC Dominance Likely Indicate Speculation In Non-BTC Markets

FRNT Financial

April 26, 2021

After BTC achieved a record high of roughly USD 64,500 on April 14, the asset, along with the broader crypto market, saw an aggressive sell-off. The move was preceded by alt-coin outperformance that added an estimated USD 373 billion to crypto market cap ex-BTC in the past 3 weeks.

Progress Made On RSK Exemplifies Benefits Of BTC Layer-2 Applications

FRNT Financial

April 22, 2021

Recent interest in DeFi applications has mostly been limited to those on Ethereum while upcoming BTC layer-2 applications have largely been overlooked. We review recent progress to RSK, a smart contract blockchain secured by the bitcoin network. 

Anxiety Surrounding New Potential Crypto Regulation Is Likely Overblown

FRNT Financial

April 21, 2021

Fox Business has reported that the Biden administration is developing a regulatory approach for the crypto space. Broad anxiety over new rules is likely overblown and another unlikely major contributor to last weekend's volatility.

Weekend Drop In BTC Hash Rate Likely Due To Coal Mining Accidents In China

FRNT Financial

April 20, 2021

A drop in the BTC hash rate occurred over the weekend with crypto news outlets pointing to coal mining accidents in China as the cause. We believe it was unlikely that the move was a major contributor to the weekend price decline.

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.