Scheduled Maintenance Complete – All systems operational

27 May 2017 18:13
Adrian Przelozny, CEO

Scheduled Maintenance Complete – All systems operational


Sched. Maintenance: 27th May, 17:00 UTC+10. Expect 4 hour outage. Apologies for inconvenience

26 May 2017 10:02
Adrian Przelozny, CEO

Sched. Maintenance: 27th May, 17:00 UTC+10. Expect 4 hour outage. Apologies for inconvenience


Scheduled Maintenance Complete – All systems operational

13 May 2017 17:26
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… click for more

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

From July 2017, Bitcoin And Other Digital Currency Will No Longer Be Taxed Twice In Australia

25 May 2017 21:02
Jan Przelozny

As part of its push to foster innovation and fintech startup businesses in Australia, the government’s 2017 Federal Budget will cut the GST for purchases of digital currency, allowing Bitcoin and online games’ in-game money to be treated just like plain Australian dollars for tax purposes.

Please note: Independent Reserve did not and will not collect GST on the value of Digital Currency bought or sold during the Bitcoin GST period. For more information on the pre July 2017 GST policy check out our help section under the heading ‘fee schedule’.

Thankyou for your continued support.

Click here to read the full story on gizmodo.com

From July 2017, Bitcoin And Other Digital Currency Will No Longer Be Taxed Twice In Australia


Japanese Airline Accepts Bitcoin As Cryptocurrency Fever Spreads Across the Region

25 May 2017 20:57
Jan Przelozny

Bitcoin is surging in Japan in regards to popularity and trade volume, since the country legitimized the digital currency as a legal form of payment this past April. Now one of Japan’s largest discount airline providers Peach Aviation Ltd. has announced it will be the first Japanese service to accept bitcoin for airline ticket.

Click here to read the full story on bitcoin.com

Japanese Airline Accepts Bitcoin As Cryptocurrency Fever Spreads Across the Region


End of double GST on Digital Currency transactions

10 May 2017 10:23
Adrian Przelozny, CEO

It’s official. Scott Morrison has announced the removal of double GST on Digital Currency transactions in the 2017 budget.

From July 1 , 2017, digital currencies will be treated the same way as physical money for GST purposes. That means the current situation, where someone pays GST twice – first on the purchase of the cryptocurrency, then a second time when spending it on goods and services – would no longer apply.

This is great news for the Fintech sector in Australia and puts the country onto a strong footing for future growth and development.

Full details in Business Insider.

End of double GST on Digital Currency transactions


Bitcoin’s Price Moon Bound Breaking $1400USD and Climbing

2 May 2017 20:59
Jan Przelozny

The price of bitcoin has escalated once again to higher levels, surpassing the $1400USD range on a few exchanges. As bitcoin’s successful run continues, many are starting to wonder — How high will the price go?
 
Bitcoin’s value is rising to levels unseen before as the decentralized currency now captures a $23 billion USD market capitalization. The first quarter of 2017 has been good for bitcoin as the price has remained above 4-digits consistently for most of the year. Furthermore, the price per bitcoin has outperformed every fiat currency in existence and surpassed the spot price of one troy ounce of gold as well. People are beginning to realize bitcoin is a safe haven for failing economies, an escape from capital controls, and a digital asset like no other.
 
Click here to read the full story on coindesk.com

Bitcoin’s Price Moon Bound Breaking $1400USD and Climbing


World Bank to Support Blockchain Bonds Trial in Kenya

2 May 2017 20:55
Jan Przelozny

The World Bank has revealed plans to explore how Blockchain technology could help boost Kenya’s financial prospects.

According to a new report, the World Bank is seeking to provide follow-up research to support a mobile phone-based bond issuance dubbed ‘M-Akiba’ through which the African country’s government has so far raised $1.1m.

Kenya’s government plans to sell roughly $47m in similar products, and is reportedly considering how Blockchain could improve the issuance process.

The World Bank said in the report:

“The project’s development objective is to strengthen the legal, regulatory and institutional environment for improved financial stability, access to and provision of, affordable and long term financing.”

Click here to read the full story on coindesk.com

World Bank to Support Blockchain Bonds Trial in Kenya


‘Billionaire’ Michael Novogratz Holds 10% of His Wealth in Bitcoin and Ether

24 Apr 2017 17:41
Jan Przelozny

Billionaire Michael Novogratz reportedly revealed that he has 10 percent of his money invested in Bitcoin and Ether. He also predicts that the price of bitcoin will go to $2,000.
 
On Wednesday, bitcoin investor Michael Novogratz spoke at a forum held at the Harvard Business School Club of New York. Referring to him as a “billionaire investor”, CNN Money reported him saying:
 
“Ten percent of my net worth is in this space. […] It’s the best investment of my life….
I think it’s real. […] There’s a lot of smart money going into it; I’ve never seen a small project with more human capital going into it, and so, I kinda want to bet just on that alone….
Put a little money in Bitcoin. […] Come back in a few years and it’s going to be worth a lot.”
 
Click here to read the full story on news.bitcoin.com

‘Billionaire’ Michael Novogratz Holds 10% of His Wealth in Bitcoin and Ether


Media Frenzy in Japan as Bic Camera Starts Accepting Bitcoin

11 Apr 2017 23:12
Jan Przelozny

Japan’s consumer electronic retail giant Bic Camera officially began accepting Bitcoin payments on Friday at two of its stores in Tokyo. 28 media crews reportedly gathered to cover the premier event.

Click here to read the full  story on news.bitcoin.com

Media Frenzy in Japan as Bic Camera Starts Accepting Bitcoin


Japan legalises Bitcoin as price reaches $1,130USD

4 Apr 2017 22:20
Jan Przelozny

Click here to read more on cointelegraph.com

Japan legalises Bitcoin as price reaches $1,130USD


Ethereum Reaches $50USD

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 $50USD


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