News and insights
We know how important it is to have reliable information, facts and background details as good decision-making tools. In our press releases, you can find the latest news about Bank Frick. We provide specialist knowledge about the financial market – both conventional and blockchain-based – in our in-depth blog posts. If you would like to hear exciting updates about the cryptocurrency market, then dive into our Crypto Industry Reports.
News and insights
Celsius Drama: Crypto lenders in trouble
Following the publication of yet another 40-year record CPI print of 8.6% in the US on June 10th, the crypto markets corrected heavily. And with prices coming down significantly, the current bear market took its next toll. New York-based crypto lending company Celsius Network saw its own token correct more than 50% in a few hours.
Terra relaunch: Rising phoenix or a burning out flame?
After the epic Terra ecosystem collapse with LUNA and UST going to virtually zero, the project was recently relaunched according to a pre-set revival plan. Following a vote, over 65% of all community members voted in favour of starting Terra as a completely new blockchain.
Bank Frick pushTAN app with a new look – clients do not have to take action
As of Monday, 30 May 2022, an update for the Bank Frick pushTAN app will be available on all iOS and Android devices. Clients do not have to take action. Login data will not change.
UST collapse: Deathblow for algorithmic stablecoins?
In an epic but tragic demise, algorithmic stablecoin TerraUSD lost its pegging. This sent LUNA onto a death spiral to zero dragging down the entire Terra Luna ecosystem with it.
Are crypto projects winning against the US regulator?
The popular instant messaging app Telegram has integrated Bitcoin as well as its cryptocurrency called Toncoin. Users of the app can now send and receive either Bitcoin or Toncoin.
Bank Frick expands its range of crypto assets and now offers trading and custodian services for Cardano, Polkadot and Tezos
Europe’s blockchain pioneer has expanded the range of cryptocurrencies for which it offers trading and custodian services. Bank Frick now offers financial intermediaries and professional clients the option of trading in and secure custody of Cardano (ADA), Polkadot (DOT) and Tezos (XTZ) coins. Trading takes place within the fully regulated environment of the Bank.
Marianne Müller new on the Board of Directors
The Board of Directors (BoD) of Bank Frick has appointed Marianne Müller as a new member of the Board of Directors effective 1 May 2022. She brings with her great expertise in the areas of regulatory affairs, compliance and financial market supervision.
Setting a Precedent: Uniswap gets sued
For the first time in its history, decentralised exchange (DEX) protocol Uniswap is faced with a class-action lawsuit. Initiated by an individual called Nessa Risely, who lost a lot of money using crypto’s most famous DEX, two U.S. law firms have joined the action and invited anyone that has lost money as well trading on Uniswap to join the class action lawsuit.
Annual Report Bank Frick 2021: Annual profit more than doubled
Bank Frick closes 2021 with an excellent annual profit of CHF 9.8 million. Net income increased again and client assets under management also grew in the reporting period. All the business segments contributed to the strong annual result. In order to further improve service to clients and be prepared for the future, resources were created and the front departments reorganised.
EU is on the verge of adopting controversial cryptocurrency legislation
It was taken as a huge relief within the crypto space: The much-discussed proposal to ban Proof-of-Work (PoW) based cryptocurrencies was recently rejected in the EU Parliament. Soon after though, the next wave of trouble came rolling in.
Politicians are warming up to crypto
It seems as if the global cryptocurrency space is looking at clearer regulatory guidance to be adopted soon. In the U.S., President Biden’s recent executive order represents the first all-encompassing government approach to clearly lay out proper regulation of crypto assets.
Stablecoins: Why all the hate?
Over the last three years, stablecoins total market capitalisation has tremendously grown from less than 3 billion USD to well over 100 billion USD. At the same time, over the course of this year, between 15 to 30 billion USD have traded in these stablecoins on any given day.