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

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Crypto Industry Reports

Are regulators trying to make up for it by cracking down?

Following the infamous events of 2022, US regulators are turning up the heat on crypto services and products in 2023. One of the services they have targeted recently is custodial crypto staking, a process whereby customers have a financial service provider lock up their coins with a blockchain protocol over a certain period of time in exchange for rewards. This comes as no surprise since the SEC’s chairman, Gary Gensler, previously said that crypto staking looks very similar to lending. US crypto exchanges that offer this service are, therefore, in the SEC’s line of fire.

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News

Warning of scam company: Fraudulent letters with Bank Frick logo in circulation

We would like to point out that there is no connection between the e-mail address "finance@fricksupport[dot]info" and Bank Frick. The operators of the e-mail address "finance@fricksupport[dot]info" are making unlawful use of the name and logo of Bank Frick.

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Press Releases

Bank Frick is now offering staking as a service for digital assets

Bank Frick is launching staking as a new service. Staking enables clients to generate passive income by holding their cryptocurrency. Staking also contributes to the stability of networks. As a fully regulated bank, Bank Frick guarantees continuity of business at all times and full control of funds. Initially, the cryptocurrencies Tezos (XTZ) and Polkadot (DOT) will be offered.

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Blog posts

Ensuring the future of insurance with blockchain technology

The insurance market is an essential part of the global economy, covering both personal and business risks. Thus, it is no wonder that it is one of the largest industries in the world, boasting an estimated value of about USD 5 trillion and employing about 2.7 million people across the globe. Out of USD 5 trillion, around USD 3.7 trillion makes up the value of the global life insurance market, while the value of the property and casualty insurance market carries a value of USD 1.3 trillion.

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Crypto Industry Reports

Ordinals: The Bitcoin Community is divided over NFTs – yet again

Bankruptcies have become commonplace in crypto, and it almost feels like the industry and community have gotten used to it. The latest company to yield to this legal process is crypto lending firm Genesis Global Holdco, LLC. The company announced it had filed for bankruptcy through a statement dated January 19, 2023. In the statement, Genesis Global revealed that it had “filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code” together with two of its lending subsidiaries, Genesis Asia Pacific Pte. Ltd. and Genesis Global Capital, LLC.

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Crypto Industry Reports

A dose of comical things happening in crypto lately…

Bankruptcies have become commonplace in crypto, and it almost feels like the industry and community have gotten used to it. The latest company to yield to this legal process is crypto lending firm Genesis Global Holdco, LLC. The company announced it had filed for bankruptcy through a statement dated January 19, 2023. In the statement, Genesis Global revealed that it had “filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code” together with two of its lending subsidiaries, Genesis Asia Pacific Pte. Ltd. and Genesis Global Capital, LLC.

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News

Bank Frick awards another scholarship for the Blockchain and FinTech certificate programme

Bank Frick congratulates Celine Bittner for receiving the scholarship of CHF 9'800.

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Crypto Industry Reports

The DCG, Genesis, and Grayscale Saga explained

Crypto company Digital Currency Group (DCG) is reportedly under investigation by the SEC and the DoJ’s Eastern District of New York. Interestingly, a spokesperson of the company said they were unaware of the DoJ investigation. The company, which owns trading firm Genesis and crypto wealth management company Grayscale Investments, among other subsidiaries, has been undergoing financial troubles since the collapse of FTX. The issues are tied to the fact that Genesis was an FTX creditor.

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Blog posts

Tokenisation: A new way of representing assets

Ever since the dawn of time, human beings have hunted and gathered, collecting the things they discovered and making them their own. This was when the concept of ownable assets first emerged, albeit in rudimentary form. Since then, assets have evolved and become more complex as humans have found more reliable ways to connect assets to people. Today, people enter into legal contracts when transferring assets.

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Crypto Industry Reports

Mere FUD or Binance in real trouble?

As those affected by the collapse of FTX rejoice over the recent arrest of Sam Bankman-Fried (SBF), the CEO of Binance is currently dealing with fear, uncertainty, and doubt (FUD) targeted at his cryptocurrency exchange. In a tweet, CZ asked the community to ignore the FUD. “FUD helps us grow. [...]. There has hardly been a week going by without some FUD. We learned the ability to ignore them and keep building,” he said.

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Crypto Industry Reports

Will digital asset darling DCG trigger yet another meltdown?

The FTX’s collapse and its consequences continue to unravel. Venture capital company Digital Currency Group (DCG) could be the latest victim following the current mayhem. Based on a letter to investors, the company has disclosed a $2 billion debt, which mostly consists of intercompany loans between it and its subsidiary Genesis Global Capital.

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Crypto Industry Reports

Crypto poster child FTX goes bankrupt

Last week, the digital asset space got shaken to its core, when the world’s second biggest crypto exchange FTX collapsed overnight. After all, this collapse marks the largest meltdown in the crypto world. The exchange, which bailed out several companies in the wake of the Terra Luna and 3AC collapse earlier this year, has fallen apart so fast and hard, that experts expect the ripple effects to continue in the coming months.

So, what exactly happened?

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