Scheduled Maintenance Complete – All systems operational

3 Dec 2016 15:08
Adrian Przelozny, CEO

Scheduled Maintenance Complete – All systems operational


Sched. Maintenance: 3rd Dec. 13:00 UTC+11. Expect 4 hour outage

29 Nov 2016 11:16
Adrian Przelozny, CEO

Sched. Maintenance: 3rd Dec. 13:00 UTC+11. Expect 4 hour outage


Scheduled Maintenance Complete – All systems operational

21 Oct 2016 12:34
Adrian Przelozny, CEO

Scheduled Maintenance Complete – All systems operational

In the Media

Our policy on a possible Bitcoin hard fork

20 Mar 2017 21:37
Adrian Przelozny, CEO

As many of you are no doubt aware, there has been heated debate in the Bitcoin community in recent months about the best way of scaling the Bitcoin protocol to support greater transaction throughput.

This debate has led to a situation where it is possible that a hard fork may occur at some time in the future, with the Bitcoin blockchain splitting into two. This may result in two different versions of Bitcoin going forward.

I would like to provide some clarity to our customers as to how Independent Reserve plans to handle the possible future hard fork between Bitcoin Unlimited and Bitcoin Core versions of the Bitcoin protocol. The hard fork, if it were to occur presents a major challenge for Bitcoin exchanges worldwide. At present there is no suitable solution proposed to the ‘Replay Attack’ problem, meaning that there is no reliable way to send Bitcoin on a single fork of the chain, immediately after a hard fork occurs.

Another source of concern is that there is no reliable timeline at present as to when the potential hard fork may occur. It is possible that the network could fork at an unexpected moment in the near future.

To address these concerns, we have decided on the following policy:

1. Starting today, we will be implementing stricter restrictions on automated Bitcoin withdrawals. Most withdrawals will still be processed automatically, but if you find that your withdrawal is delayed due to requiring manual approval, please understand that this is being done to protect all of our customers and is put in place to avoid a transaction being sent immediately after an unexpected hard fork had occured.

2. If a hard fork was to occur, we plan on suspending Bitcoin deposits and withdrawals for a period of time. We will restore this functionality only when we are confident that Bitcoin transactions can be processed safely. Although we cannot guarantee exact timings, we expect this to not take longer than three to four days.

3. We will wait for consensus to emerge in the Bitcoin community about which fork of the chain is to be considered the successor of the current Bitcoin. If appropriate, we will make existing balances available to our customers on both forked chains, at some point in the future. The exact timing will depend on the stability of the Bitcoin network and whether both forks of the chain continue to be active.

Customers who wish to access their Bitcoin on both chains at the time of the hard fork should withdraw their Bitcoin from Independent Reserve since we cannot guarantee what will happen during the hard fork or when this access will be made available.

Thank you for your support and understanding.

Adrian Przelozny CEO, Independent Reserve

Our policy on a possible Bitcoin hard fork


Christmas and New Year Operations

21 Dec 2016 14:36
Jan Przelozny

Please be advised that no fiat deposits or withdrawals will be processed on December 25-26 and also January 1st. All other aspects of Independent Reserve will continue to function as normal.

Best wishes for Christmas and the New Year from the whole Independent Reserve team.

Christmas and New Year Operations


Introducing SMSF Accounts

3 Dec 2016 15:21
Adrian Przelozny, CEO

We are pleased to announce today the introduction of Self-Managed Super Fund (SMSF) accounts on Independent Reserve.

We are very excited to be able to provide this service to our customers who wish to use Digital Currency as part of their retirement investment portfolio.

Introducing SMSF Accounts


Ethereum Trading

6 Aug 2016 18:22
Adrian Przelozny, CEO

We are pleased to announce that due to popular demand, we have added support for Ether (ETH) trading to the Independent Reserve platform.

It is now possible to trade Ether for AUD, USD and NZD using our multi-currency order book.

Thank you all for your continued support, and I look forward to sharing more news with you soon.

You can switch between Bitcoin and Ether Digital Currencies using the dropdown list in the top left corner of your screen.

Ethereum Trading


Independent Reserve ranks second on Global Bitcoin Exchange rankings

6 Apr 2016 09:00
Adrian Przelozny, CEO

We’re happy to report that Independent Reserve was today included in the “Spring 2016: Top Rated Bitcoin Exchanges List”, published by the Digital Currency ranking website, bitcoinx.io.

Click here to read the full report.

Independent Reserve ranks second on Global Bitcoin Exchange rankings


Introducing POLi Deposits

20 Feb 2016 21:49
Adrian Przelozny, CEO

We are pleased to announce the introduction of the POLi deposit option for all our Australian based account holders.

POLi allows for deposits of up to $10,000 to be credited instantly to your Independent Reserve account.

To make a deposit using POLi, simply click the “POLi” tab on the Deposit popup on the Accounts screen, and follow the prompts.

Once the POLi process completes, the funds will be instantly available for use in your Independent Reserve account

The EFT deposit option will continue to be available and is the recommended method of depositing amounts larger than $10,000.

Introducing POLi Deposits


Future Generations Won’t See Money the Way We Do, Says Bitcoin Market CEO

18 Dec 2015 15:07
Jan Przelozny

Great interview with Adrian Przelozny, CEO of Independent Reserve.

The understanding of Bitcoin on a non-technical level is spreading quickly; however, without technical understanding, many aspects are hard to grasp and even harder to evaluate. Adrian Przelozny is a technologist and software architect who is CEO of Independent Reserve. Few individuals understand the in and outs of both the technology and the industry as well as Przelozny. Here follow his views on the industry, Bitcoin’s current state and its future.

Click here to read the full interview.

Future Generations Won’t See Money the Way We Do, Says Bitcoin Market CEO


Sydney Bitcoin Christmas Party

11 Dec 2015 14:10
Jan Przelozny

We’d like to extend an invite to the upcoming Sydney Bitcoin Christmas party!

The event will be held at the rooftop bar of the Metropolitan Hotel in the Sydney CBD, next Wednesday, December 16 at 6pm. Further information and RSVP available online: http://www.meetup.com/BitcoinSYD/events/225551994/

The event will be jointly sponsored by Independent Reserve, along with our friends from BitPOS and BitRocket.

We hope to see you all there, for a great night with the Sydney Bitcoin community.

Sydney Bitcoin Christmas Party


Independent Reserve added to BitcoinAverage price index

14 Nov 2015 21:33
Adrian Przelozny, CEO

We are happy to announce that Independent Reserve was today added to the BitcoinAverage price indexes for AUD, USD and NZD currencies.

BitcoinAverage is one of the most trusted providers of Bitcoin pricing worldwide, and we are thrilled to be a part of this respected price index.

Independent Reserve added to BitcoinAverage price index


‘The People’s Money – Bitcoin’, by Adam Tepper

4 Oct 2015 22:45
Adrian Przelozny, CEO

We are proud and excited to announce ‘The People’s Money – Bitcoin’ a book written by Adam Tepper, founding partner of Independent Reserve.

In his book, Adam explains the concepts behind Bitcoin in an approachable and easy to understand way, leaving the reader with a solid understanding of this revolutionary new technology and the vast potential that it brings.

The People’s Money – Bitcoin is available as a free download for all registered Independent Reserve account holders, as well as a full color hard copy.

You can download or buy the book here

The People's Money - Bitcoin, by Adam Tepper

‘The People’s Money – Bitcoin’, by Adam Tepper

Industry News

Ethereum Reaches 50$USD

25 Mar 2017 17:29
Jan Przelozny

Ethereum Surges to Record Highs, $50USD Price, $4.5b USD Market Cap, and global trade volumes of $345,298,000USD

2017 has been a wonderful year so far for cryptocurrency investors but this week specifically might be remembered as the best of all time for altcoins. While Bitcoin was able to quickly shake off the bad press from the US SEC rejecting the Winklevoss twins’ ETF application, and stick to the $1200 level, competing Blockchain tokens have seen their prices and overall values just explode upwards.

The smart contracts and decentralized apps platform Ethereum is now traded at around $50USD. This is an impressive price record for ETH, which completed a rise of about 40% over the last day and 130% in just one week. In total, the market capitalization of all Ethereum tokens in circulation is worth $4.5 billion USD.

Click here to read more on financemagnates.com

Ethereum Reaches 50$USD


Ether Prices Surge Past $20USD to Approach All-Time Highs

6 Mar 2017 22:04
Jan Przelozny

The price of ether(ETH), the cryptocurrency powering the Ethereum Blockchain, has surged over the last week, approaching all-time highs set in 2016 as it hit its highest value in nearly eight months.

Click here to read the full story on coindesk.com

Ether Prices Surge Past $20USD to Approach All-Time Highs


Bitcoin Price Hits New All-Time High Amid Sustained Support

6 Mar 2017 21:58
Jan Przelozny

Bitcoin is showing no sign of dropping below its all-time highs.
 
After trading above $1,000USD for more than two weeks, the Bitcoin price has now provided what analysts believe is ample evidence the digital currency’s price has established a floor at this level.
 
The cryptocurrency has been enjoying its longest stretch above $1,000USD in history, a period it began on 14th February.
 
Click here to read the full story on coindesk.com

Bitcoin Price Hits New All-Time High Amid Sustained Support


ASX CEO Expresses New Confidence in Blockchain Post-Trade Tests

21 Feb 2017 22:37
Jan Przelozny

The Australian Securities Exchange (ASX) revealed today that it expects to increase the amount it will invest in distributed ledger technology as part of its broader plans to become the first exchange in the world to upgrade to post-trade services built using the technology.

After having already invested AUS$20.3m to develop the technology and more, the exchange’s CEO, Dominic Stevens, now says that number will rise to AUS$50m ($38.5m) by the end of this year.

Click here to read the full story on coindesk.com

ASX CEO Expresses New Confidence in Blockchain Post-Trade Tests


ADCCA Blockchain APAC Conference

11 Feb 2017 16:14
Adrian Przelozny, CEO

APAC-Blockchain 2017-Logo-Final_HR.jpg

We are pleased to be able to offer a special discount to attend this year’s APAC Blockchain conference in Sydney from 7-9 March. With support by the ADCCA, the event will bring together business leaders and disruptive start-ups at the forefront of using and testing both Blockchain and Bitcoin’s potential. Hear from leading Australian and International Digital Currency and and Blockchain experts on a range of topics across the exciting, emerging FinTech market.

With some of the most engaging speakers in the world, including; Joseph Lubin, Ethereum and ConsenSys; Annabel Spring, Commonwealth Bank; Liam Maxwell, UK Government; Chami Akmeemana, ConsenSys, and many more, this event will focus on identifying the opportunities and overcoming the challenges to making this technology a commercial reality in the Asia Pacific.

See ticket packages and book online here

Get your 15% discount using the promo code:   INDREV_15

ADCCA Blockchain APAC Conference


Poland Officially Recognizes Trading in Bitcoin and Other Cryptocurrencies

9 Feb 2017 15:53
Jan Przelozny

Poland has officially recognized the trading and mining of virtual currencies as an ‘official economic activity’ according to the Central Statistical Office of Poland, hereinafter GUS. GUS is Poland’s executive agency dealing with national statistics and reports directly to the Polish Prime Minister’s office.

Click here to read the full story on cointelegraph.com

Poland Officially Recognizes Trading in Bitcoin and Other Cryptocurrencies


IBM: Nine in 10 Government Execs Plan to Invest in Blockchain By 2018

3 Feb 2017 15:43
Jan Przelozny

Many of the government leaders queried by IBM in a recent survey say they want to put Blockchain to work in the public sector.

Out of 200 government executives from 16 different countries worldwide polled, 14% say they expect to utilize production-grade Blockchains sometime this year. Forty-eight percent anticipate launches of their own between now and 2020. The remaining 38% indicated that they would take a wait-and-see approach, putting off their own use of the tech until past 2020.

Among the use cases cited in the report, asset management and identity management were cited as the most compelling by government leaders. Of those looking to integrate Blockchain into their government services in the next year, 45% said they want to invest in asset management capabilities, with another 45% highlighting digital identity as a key area of investment.

Overall, the results indicate a bullish sentiment on Blockchain use for government services.

As IBM noted in its survey report:

“For example, nine in ten government organizations plan to invest in Blockchain for use in financial transaction management, asset management, contract management and regulatory compliance by 2018. And seven in ten government executives predict Blockchain will significantly disrupt the area of contract management, which is often the intersection of the public and private sectors.”

Click here to read the full story on coindesk.com

IBM: Nine in 10 Government Execs Plan to Invest in Blockchain By 2018


Bitcoin Could Overtake Card Payments Within Next Decade

25 Jan 2017 14:40
Jan Przelozny

The volume of electronic payments surpassed cash transactions in 2016, beating fiat for the first time in history. Bitcoin could overtake credit and debit card payments within the next decade.
 
Euromonitor International (EI), a global market intelligence provider, revealed that electronic payments settled with credit and debit cards nearly reached $25 trillion in the past 12 months.
 
The role of Bitcoin in the era of electronic transfers is vital in the sense that it still remains one of the only methods of money transfer that allows users to send money on a peer to peer basis within a decentralized ecosystem. The network itself isn’t prone to manipulation or vulnerability and a central entity or administration has no authority over the settlement of transactions.

Similar to how credit and debit cards overtook cash payments for the first time in history, Fintech or non-bank transactions could very possibly overtake credit and debit card payments within the next decade. If so, Bitcoin will be at the forefront of it, providing the necessary infrastructure for a global user base to handle money with financial freedom and privacy.

Click here to read the full story on cointelegraph.com

Bitcoin Could Overtake Card Payments Within Next Decade


10,000+ European ATMs to Cash Out Bitcoin

16 Jan 2017 14:59
Jan Przelozny

Wallet provider Holytransaction has a trade website and app that let you choose networks for either buying or selling Bitcoin. The company has provided 11,500 ATMs for users to withdraw cash from located in Spain and Poland and over 15,000 locations for purchasing Bitcoin.
 
Click here to read the full story on news.bitcoin.com

10,000+ European ATMs to Cash Out Bitcoin


Bitcoin Growing Fast In Laregely Unbanked Indonesia

8 Jan 2017 12:08
Jan Przelozny

Indonesia, trailing just behind the United States as the fourth most populous country in the world, has a large and growing Bitcoin community. The vast population is 80 percent unbanked, and their Rupiah is one of the most-traded currencies for Bitcoin worldwide already.

Click here to read more on news.bitcoin.com

Bitcoin Growing Fast In Laregely Unbanked Indonesia