Bank Frick to Propose Cryptocurrency Investments

Liechtenstein bank is "seeing increasing demand for our crypto-currency services"
02 March 2018   582

Bank Frick was the first financial institution in Liechtenstein, which began offering its clients direct investments in five leading crypto-currencies. In addition, the bank offers "cold" (offline) storage of bitcoins.

As the press release says, now users of Bank Frick can buy bitcoins, Bitcoin Cash, Litecoin, Ripple and Ether for the euro, US dollars and Swiss francs.

We are seeing increasing demand for our crypto-currency services from companies all across Europe. Clients recognize that we can offer reliable support in implementing their business models using crypto-currencies and blockchain within the permissible regulatory framework. We aim to place the quality and service of crypto-banking at par with our traditional banking services. Financial intermediaries such as asset managers and fiduciaries, can leverage our offering to differentiate themselves in the market while adding value for their clients.
 

Hubert Büchel

Chief Client Officer, Bank Frick

It is also noted that as part of its digital strategy in September 2017, Bank Frick became the first financial institution in the Swiss franc zone, which launched a crypto currency tracker based on BTC and ETH.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   68

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.
 

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.