Scheduled Maintenance Complete – All systems operational

27 Oct 2019 17:00

Scheduled Maintenance Complete – All systems operational


Sched. Maintenance: 27 Oct 14:00 UTC+11. Expect 4 hour outage

25 Oct 2019 14:00

Sched. Maintenance: 27 Oct 14:00 UTC+11. Expect 4 hour outage


Scheduled Maintenance Complete – All systems operational

1 Sep 2019 18:00

Scheduled Maintenance Complete – All systems operational

In the Media

Press release: Study finds Australians believe cryptocurrency is an opportunity of a generation

12 Nov 2019 12:00
Independent Reserve team

More than 50% of Australian under the age 40 will own crypto in 5 years

The launch of the inaugural Independent Reserve Cryptocurrency Index (IRCI) has found Australians believe that cryptocurrency will inevitably be part of everyday life – and are rushing to stock up.

The study found that Australians have a positive outlook on the future of digital currencies, with as many Australians owning crypto (17%) as those who own two investment properties in Australia (17%)1.

Key findings:

  • As many Australians own crypto (17%) as those who own more than one investment property (17%)2
  • Nearly half of crypto investors spend $100 or less per month (47%)
  • Nearly a third of regular investors spend $100 to $500 per month on cryptocurrency
  • Majority of Australians (under the age of 44) believe crypto will be widely accepted by people and businesses
  • In five years, the majority of millennials and Gen-Z's will own crypto
  • A quarter of all respondents under the age of 44 are considering using their superannuation to purchase crypto
  • Bitcoin is the most recognised and owned of all digital currencies in Australia

Bitcoin is the new property market

Talking about house prices and property investing is a national pastime but investing in Bitcoin and… click for more

Press release: Study finds Australians believe cryptocurrency is an opportunity of a generation


Dollar Cost Averaging Crypto on Independent Reserve

31 Oct 2019 10:00
Nicholas Fletcher, Customer Experience Officer

Independent Reserve has recently released a new feature called AutoTrader. AutoTrader allows you to create automated trading strategies.

Our first strategy: AutoBuy on Deposit allows you automatically buy crypto each time you deposit money. Paired with a scheduled bank transfer, it allows you to regularly buy crypto (daily, weekly, monthly, etc) without lifting a finger.

How AutoBuy benefits you

Regularly purchasing crypto allows you to dollar cost average (DCA) your Bitcoin and other crypto purchases.

Benefit of dollar cost averaging your crypto purchases:

  • You don't have to worry about trying to time the market
  • You buy smaller parcels of crypto, limiting your exposure to the volatility … click for more

Dollar Cost Averaging Crypto on Independent Reserve


Press Release: Smart Money Floods Into Crypto

9 Oct 2019 10:00
Nicholas Fletcher, Customer Experience Officer

New figures show generational shift indigital asset trading

Australia's leading cryptocurrency exchange Independent Reserve reveals rising levels of Baby Boomer & Generation X interest in digital currencies

Key highlights:

  • The 45+ age group jumped from 22% of overall users in 2017 to 29% in 2019
  • There’s been a large down shift (as a percentage) from Gen-Z/Millennials to Gen-Xers
  • While participation from post millenials (18-24) dropped by 2% from 2017 to 2019, retirees (65+) jumped by 2%
  • Trading activity has doubled among retirees (65+) since January this year

Source: Independent Reserve

Changing demographics

While millennials are often touted as the most 'tech-savvy' of the generations, Gen-Xers and Baby Boomers are catching up when it comes to getting amongst the crypto action.

Adrian Przelozny, CEO and founder of Independent Reserve said the platform's latest data revealed that the average crypto investor is transforming from early technology adopters to… click for more

Press Release: Smart Money Floods Into Crypto


Scheduled maintenance and Ethereum Classic listing

25 Jul 2019 15:30
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of Ethereum Clasic, our 14th listed cryptocurrency. Ethereum Classic is very similar to Ethereum, in that it is a smart contracts platform with an attached cryptocurrency. It uses same wallet address format as Ethereum, has the same blocktime as Ethereum, but uses the ETC ticker code. Ethereum forked off from Ethereum Classic in July of 2016. You can read more about Ethereum Classic on their project site.

We will be releasing this with an introductory brokerage fee of 0.1% (for ETC only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Sunday 24th July at 2pm Sydney time. We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits and withdrawals will be enabled for ETC. Trading … click for more

Scheduled maintenance and Ethereum Classic listing


Independent Reserve wins Cryptocurrency Exchange of the Year award

24 Jul 2019 09:00
Nicholas Fletcher, Customer Experience Officer

Independent Reserve has won a top prize at this year's inaugural Australian Blockchain Industry Awards, taking out Digital Currency Exchange of the Year.

Adrian Przelozny, CEO and founder of Independent Reserve, said it was an honour to be recognised among a field of strong and distinguished entrants.

"It's a real privilege to stand alongside some of the incredible innovators in this year's Australian Blockchain Industry Awards. Winning Digital Currency Exchange of the Year is testament to the hard work and consistent effort our team has put in to making Independent Reserve the top tier exchange that it is today. I'm extremely proud of what we've achieved so far, and I look forward to progressing this further."

The win follows a succession of strategic partnerships and exciting business growth for the leading cryptocurrency exchange in recent times.

"With cryptocurrency markets growing at a rapid… click for more

Independent Reserve wins Cryptocurrency Exchange of the Year award


Independent Reserve's 6th Anniversary

13 Jun 2019 15:00
Adrian Przelozny, CEO

Today is Independent Reserve’s 6th anniversary.

When Independent Reserve was launched in 2013, the team set out to provide the best platform for Australians to securely trade and hold cryptocurrencies. Over the last 6 years, the team has enabled over 100,000 clients to invest in cryptocurrencies with strong confidence through our approach and expertise.

Throughout the journey, we've kept our focus on creating a customer-centric business which seeks to give customers what they want at scale. We believe this is crucial for the business to be market leading and sustainable.

Since Independent Reserve's inception, the company has stayed busy working with regulators and building out custody solutions. The exchange now lists 13 currencies on the platform, up from only three last year. We have launched a tax tool co-developed with KPMG to help our customers easily estimate their tax obligations. Additionally, we became the first crypto exchange in … click for more

Independent Reserve's 6th Anniversary


CEO Adrian's interview with Stockhead

24 May 2019 15:00
Independent Reserve

If you're still watching the crypto markets, then this will come as old news: Bitcoin has been on a tear.

The world's largest crypto has recently doubled in value to top out above the $US8,000 mark.

And it's separated itself from the pack a bit, compared to the 2017 craze when Bitcoin and other major alt-coins surge to all-time highs.

Adrian Przelozny, CEO of local crypto exchange Independent Reserve, has had a front row seat for the recent market activity following an extended period of lower volatility.

While markets were quieter, the company stayed busy working with regulators and building out custody solutions. It now lists 13 currencies on the platform, up from only five last year. Stockhead spoke to Przelozny to get an update on his views around the market, and the near-term outlook for his company.

For starters, the latest rally gives rise to an obvious question for many traders and market observers; what's causing it?

Scarcity factor

click for more

CEO Adrian's interview with Stockhead


Osko / PayID deposits now available

14 May 2019 12:00
Nicholas Fletcher, Customer Experience Officer

Independent Reserve is pleased to announce customers can now make deposits using the Osko / PayID system. Osko allows you to make near instant deposits from an Australian bank account, so no more waiting a day or two for your deposit to show up! Note: a small percentage of deposits will be delayed by the banks.

Make sure any deposits you make has your unique reference code in the message or description. This will appear differently depending on your bank.

Deposits above AU$ 500 are free. See HERE for more information.

Osko / PayID deposits now available


Scheduled maintenance and new coin listings

9 May 2019 14:00
Nicholas Fletcher, Customer Experience Officer

We are pleased to announce the launch of 3 new ERC20 tokens:

  • Basic Attention Token (BAT)
  • Augur token (REP)
  • Golem Network Token (GNT)

What is Basic Attention Token?

BAT, or Basic Attention Token, is an ERC20 token that is built to address inefficiencies in online advertising. Instead of users being subjected to ads while they browse, they can pay BAT tokens to content creators, or alternatively watch ads in return for BAT tokens. Participants in this ecosystem would use the Brave browser. To read more about the browser and BAT (Brave Rewards), see here.

What is Augur?

Augur is a decentralised prediction market that leverages crowd perception on an event. Prediction markets have existed for a while, however Augur is the first decentralised one, allowing an event's outcome to be decided by the "crowd", as opposed to a centralised authority like in a… click for more

Scheduled maintenance and new coin listings


Easter/ANZAC day fiat deposits and withdrawals

16 Apr 2019 17:00
Nicholas Fletcher, Customer Experience Officer

Please be aware that over the Easter and ANZAC day break there will be an impact to fiat (AUD, USD, NZD) deposits and withdrawals.

As Friday 19th, Monday 22nd, and Thursday 25th are all public holidays, banking deposits and withdrawals will be delayed around these days due to the banks halting processing. We recommend making deposits and withdrawals ahead of time, or for deposits you can use POLi for instant transfers.

Easter/ANZAC day fiat deposits and withdrawals


Scheduled maintenance and Stellar listing

4 Apr 2019 14:30
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of Stellar, our 10th listed cryptocurrency. Stellar is a platform aimed at making cross country and currency transfers easier, cheaper, and quicker. Stellar shares a lot with Ripple XRP, and was originally forked from the XRP code base back in 2014. Stellar's native currency is called the Stellar Lumen, and uses the ticker XLM. You can read more about Stellar on their project site.

We will be releasing this with an introductory brokerage fee of 0.1% (for Stellar Lumens only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Sunday 7th April at 2pm (AEST - note the 7th is the first day of non-daylight saving time!). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits… click for more

Scheduled maintenance and Stellar listing


Scheduled maintenance and EOS listing

20 Mar 2019 14:30
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of EOS, our 9th listed cryptocurrency. EOS is a blockchain technology that enables the development and hosting of decentralised applications (DApps). The EOS platform is ultimately designed to ensure quick deployment of DApps, to scale to millions of transactions per second, and to eliminate user fees. The company that created the EOS platform is led by Dan Larimer and Brendan Blumer, both are notable veterans in the crypto and tech world. EOS is consistently in the top 5 cryptocurrencies by market capitalisation.

To read more see here: https://eos.io

We will be releasing this with an introductory brokerage fee of 0.1% (for EOS only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Sunday 24th March at 2pm (AEDT). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits and withdrawals will be enabled for EOS. Trading will be enabled at approximately 11am on Tuesday 26th March.

Please be aware that there will likely be… click for more

Scheduled maintenance and EOS listing


Ethereum Constantinople/St. Petersburg Fork

26 Feb 2019 10:00
Nicholas Fletcher, Customer Experience Officer

Ethereum's Constantinople and St. Petersburg upgrade will be occurring in the next couple of days. At this stage it is slated to happen at about 6am on the 1st of March (Sydney time).

We will be disabling all Ethereum and ERC20 token (ETH, OMG, ZRX, and PLA) deposits and withdrawals at approximately 11pm on the night before (Feb 28th), and will be re-enabling them a few hours after the fork when it is safe to do so. We will be monitoring the situation closely and will update you with any changes to this plan. Trading will be active during this period.

This appears to be a non-contentious fork (which… click for more

Ethereum Constantinople/St. Petersburg Fork


Scheduled maintenance and PlayChip listing

25 Jan 2019 16:30
Nicholas Fletcher, Customer Experience Officer

We are pleased to announce PlayChip (PLA) as our first Australian ERC20 token listing on the exchange platform.

PlayChip is a gaming utility token launched by PlayUp and is based on the Ethereum ERC20 token standard. PlayChip tokens will be used to transact across gaming, sports betting, fantasy sports and eSports. PlayUp has established PlayChip Foundation to manage the systems hosting the coins. The ecosystem consists of eight partner platforms with about 1 million users across 70 countries. PlayChip are current sponsors of the South Sydney Rabbitohs and have cricket legend Brett Lee and MMA star Robert Whittaker as brand ambassadors. More info can be found on their homepage.

PlayChip's stated mission is to deliver the world's biggest incentivised, blockchain-enabled sports community and gaming ecosystem. "PlayChip is a rarity in the crypto world given the utility provided to it via its first partner platform, PlayUp," said Daniel Simic, PlayChip Foundation Board Member.

 

Timing:

We will be performing system maintenance and upgrades on the 28th… click for more

Scheduled maintenance and PlayChip listing


Independent Reserve sponsors Sydney Festival 2019

23 Jan 2019 09:42
Winston Su, Marketing Director

Independent Reserve is proud to be based in Sydney and recognises the city's deep passion for the arts and adventurous ideas. Its partnership with Sydney Festival reflects these values. Sydney Festival is a celebration of contemporary culture, art and performances which takes place in January each year.

This year, the festival pays tribute to the underappreciated heroes of space travel in the 50th anniversary of the moon landing. Sydney Festival has commissioned artworks around Barangaroo as part of the city-wide commemoration of Apollo 11, namely 11 larger than life astronauts scattered throughout Barangaroo.

 

Left to right: COO Lasanka Perera, CEO Adrian Przelozny and CTO Roman Stefanidi

 

Independent Reserve is a proud sponsor of three of these astronauts. The astronauts represent the individuals who contributed to space travel in meaningful ways yet, for one reason or another, are under-appreciated. Similar to our mission of creating a healthy space for cryptocurrency growth, the 'Apollo 11' astronauts were committed to the advancement of a new technological space.

Here are the 3 figures sponsored by Independent Reserve:

Michael Collins. The 1969 space mission caused Neil Armstrong and Buzz Aldrin to become household names, but often forgotten is the third man on the mission; Michael Collins. Michael… click for more

Independent Reserve sponsors Sydney Festival 2019

Industry News

Guide to SMSF investing into Cryptocurrency

6 Aug 2017 22:00
Adrian Przelozny, CEO

A great guide to investing superannuation funds into Cryptocurrency via Independent Reserve! click for more

Guide to SMSF investing into Cryptocurrency


BTC A$12.8k. 17% own crypto. 1 in 5 to buy in 6mth

12 Nov 2019 15:00
Independent Reserve Trading Desk

Market Update 6th – 12th November 2019

Welcome back to another Australian crypto market update.

In Markets

The optimism was tempered a little this week, with Bitcoin trading below $13,000 for most of the past few days. The leading cryptocurrency finishes the week 5.7% down to just over $12,700 at the time of writing. It's up 4.9% on 30 days ago. Two other top ten coins were in the red this week: XRP, down 6.7% on a week ago and Bitcoin Cash, which was down 1.2%. Ether (0.8%), Litecoin (1.7%) and EOS (2.1%) were all in positive territory but Stellar Lumens led the pack with XLM maintaining last week's momentum to gain… click for more

BTC A$12.8k. 17% own crypto. 1 in 5 to buy in 6mth


Inaugural Independent Reserve Cryptocurrency Index (IRCI) 2019

12 Nov 2019 12:00
Independent Reserve

Australians are optimistic about the future of crypto. Index sits at 42.

What is the IRCI?

A first in Australia, the Independent Reserve Cryptocurrency Index (IRCI) 2019 is a research survey that examines Australia's awareness, adoption, trust and confidence in cryptocurrency.

With a score out of 100, the inaugural IRCI sits at a benchmark of 42.

What does 42 indicate?

It's not just the answer to the ultimate question of life, the universe and everything. In the context of cryptocurrency awareness, adoption and trust, it's a number that indicates optimism and a maturation of the crypto industry.

100 would be full awareness, optimism, trust and adoption. 0 would be a society living under a rock, disconnected from the internet.

Many none crypto-holding respondents indicated a strong likelihood for adoption over the next 6 months. At the current of adoption, we estimate more than 50% of Australians under 34 will own crypto in the next 5 years.

Insights from IRCI 2019

  • 17% of Australians own crypto
  • 1 in 5 Australians are likely to buy crypto in the next 6 months
  • Nearly half of crypto investors spend $100 or less per month
  • A third… click for more

Inaugural Independent Reserve Cryptocurrency Index (IRCI) 2019


Bitcoin A$13,700, happy birthday Bitcoin whitepaper

5 Nov 2019 15:00
Independent Reserve Trading Desk

Market Update 30th October – 5th November 2019

Welcome back to another Australian crypto market update.

In Markets

Following last week's price spike, normal service has resumed with Bitcoin trading in the $13,000s this week. Currently trading at $13,650 at the time of writing, BTC is only a shade under where it was this time seven days ago. The fact there hasn’t been a major dump since could be taken as a bullish sign. The winner this week was Stellar, jumping by 20% in an hour after an announcement (more below). XLM is now up over 25% for the week. XRP was marginally down (-0.8%) but everything else improved: EOS and Litecoin both spiked in the past 24 hours to bring them up to 4.1% and 5.5% respectively for the week, while… click for more

Bitcoin A$13,700, happy birthday Bitcoin whitepaper


Bitcoin A$13,600 after 40% jump

29 Oct 2019 15:00
Independent Reserve Trading Desk

Market Update 23rd – 29th October 2019

Welcome back to another Australian crypto market update.

In markets

The markets finally flipped the switch back to excitement this week. Bitcoin fell to five month lows mid week following the frosty reception given to Mark Zuckerberg and Facebook’s Libra cryptocurrency by Congress. But then it took off like a rocket, gaining 42% in hours for the biggest one day gain since 2011, (back when Bitcoin changed hands for $10 a pop). Profit takers moved in, but the Bitcoin price is still up 13.7% on seven days ago - around AUD13,700 at the time of writing. BCH, increased 14.5%, XRP was up 1.6%, while Ethereum was up 4.2%, LTC (5.9%), click for more

Bitcoin A$13,600 after 40% jump


Bitcoin rebounds to A$12k, Only 15% of Bitcoins left to mine

22 Oct 2019 15:00
Independent Reserve Trading Desk

Market Update 16th – 22nd October 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin headed south from a high around $12,400 early in the week to bottom out at $11,500 a few days ago. However a 4.4% recovery on Sunday put it back above $12,000. It's currently at $11,933 to end the week down 1.5%. Two of the top ten broke even by week's end: XRP (0.5%) and Stellar (0.2%). Bitcoin Cash increased 1.6%, but the rest fell: Ethereum (-6%), Litecoin (-4%) and EOS (-7.4%).

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

18 million Bitcoins

This week the 18 millionth Bitcoin was mined, which is… click for more

Bitcoin rebounds to A$12k, Only 15% of Bitcoins left to mine


Bitcoin steady, Libra not so much

16 Oct 2019 15:00
Independent Reserve Trading Desk

Market Update 10th – 16th October 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin finished similar to last week's levels, trading at $12,175 at the time of writing. Ethereum gained 3.51% while XRP increased 5.78%. EOS and Litecoin both held steady across the week. Bitcoin Cash lost 2.5% and is down 26% for the month. Stellar increased 2.31% this week.

In Headlines

Coalition of the unwilling

Visa, Mastercard, Stripe and eBay have all followed PayPal's lead and pulled out of Facebook's Libra coalition. The only payment company left is Payu. US Senators Brian Schatz and Sherrod Brown haven't been helping matters by writing letters to Libra members warning them off the cryptocurrency: "Facebook has demonstrated… click for more

Bitcoin steady, Libra not so much


Bitcoin AU$12 150, Funds on-board

9 Oct 2019 15:00
Independent Reserve Trading Desk

Market Update 3rd – 9th October 2019

Welcome back to another Australian crypto market update.

In Markets

After a steady decline this week, Bitcoin bottomed out around $11,500 yesterday before bargain hunters moved in and pushed the price back above $12,200 at the time of writing. It’s currently just 0.54% below its price a week ago. The entire top ten increased 3-7% in the past day, leaving click for more

Bitcoin AU$12 150, Funds on-board


Bitcoin rebounds, $1m per bitcoin 'conservative'

2 Oct 2019 11:00
Independent Reserve Trading Desk

Market Update 25th September – 2nd October 2019

Welcome back to another Australian crypto market update.

In Markets

The Bitcoin price bottomed on Monday around $11,500, but at the time of writing had recovered to trade around $12,400. That equates to a 15.8% drop on last Tuesday. The past 24 hours has seen a slight recovery for the top ten, but everything is down on seven days ago: ETH (-13.2%), XRP (-7%), BCH (-23.8%), LTC (-19.1%), EOS (-21.9%) and XLM (6.1%).

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

Total perspective vortex

To "zoom out" a bit, last week's sudden 14.3% plunge in the Bitcoin price is only the 41st… click for more

Bitcoin rebounds, $1m per bitcoin 'conservative'


Bitcoin, Bakkt and insanely bullish charts

24 Sep 2019 15:00
Independent Reserve Trading Desk

Market Update 18th – 25th September 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin is down 2.8% in the 24 hours since Bakkt launched – and 4.9% for the week - to trade around $14,400 at the time of writing. Unmet expectations for the launch may have pushed the entire top ten into the red in the past day - however Ethereum is up 2.8% on a week ago, XRP increased 3.1% and Stellar is up 6.6%. Bitcoin Cash lost 4.7% in the past seven days, Litecoin fell 6.8% and EOS - which has just completed its first major hard fork - lost 8.9%.

click for more

Bitcoin, Bakkt and insanely bullish charts


A$15,000 new norm for Bitcoin, XRP Co-founder dumps everyday

17 Sep 2019 15:00
Independent Reserve Trading Desk

Market Update 11th – 17th September 2019

Welcome back to another Australian crypto market update.

The European Central Bank this week cut interest rates to a record low of -0.5% and will resume its quantitative easing program in November. Meanwhile oil prices have spiked, following an attack on a Saudi oil facility that wiped out 5% of global supplies and could potentially cause a war. And Bakkt BTC futures finally launch this week. What impact will there be on the Bitcoin price?

In Markets

The $15,000 mark seems to have become the new normal for Bitcoin. At the time of writing it was down 0.6% for the week, and 0.6% for the month, to $14,912. Ethereum is looking promising with a 9% gain this week off the back of strong network fundamentals. The bulls seem in charge of EOS with the coin up another 5.1% with its first … click for more

A$15,000 new norm for Bitcoin, XRP Co-founder dumps everyday


Bitcoin steady at A$15,000 as Invest Asia heats up

12 Sep 2019 11:00
Independent Reserve Trading Desk

Market Update 4th – 10th September 2019

This week has seen the launch of Bakkt's Bitcoin warehouse and VanEck-Solid X's Bitcoin ETF-like product. Both are aimed at large institutions and show the crypto market is entering a historical new phase.

In Markets

Bitcoin briefly looked like it could hit $16,000 late last week, but then quickly plunged $900. At the time of writing it was back where it was a week ago, just above $15,000. BTC dominance fell to 69.8% as altcoins started to move. The big winner was EOS, up 17.7%, and … click for more

Bitcoin steady at A$15,000 as Invest Asia heats up


Bitcoin rebounds as 75% of hodlers see profits

3 Sep 2019 15:00
Independent Reserve Trading Desk

Market Update 28th August – 3rd September 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin fell off a cliff last Thursday, plunging from $15,200 to $13,900 in the space of a day. And just as suddenly in the last 24 hours, Bitcoin surged 6.1 percent to be trading above $15,400 at the time of writing. Bitcoin's increase has dragged up the entire top ten – but not enough to make up for a week of losses. ETH lost 5.1%, XRP (-3%), BCH (-4.3%), LTC (-9.5%), EOS (-6.6%) and Stellar (-8.8%).

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

Register and start trading in 5 minutes

click for more

Bitcoin rebounds as 75% of hodlers see profits


Bitcoin up 9.5% in August, 30-day volatility down 50%

27 Aug 2019 15:00
Independent Reserve Trading Desk

Market Update 20th – 27th August 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin is down 5% for the week to be trading around $15,100 at the time of writing. Over the weekend, Bitcoin's 30-day volatility dropped to its lowest point since June 25 and it's more than 50% down from its recent peak on July 19. Judging by the escalation in US/China trade hostilities though, the Trump volatility index remains high. Ethereum is losing ground fast, falling 7% this week to $280. XRP lost 4.4%, BCH (-3.8%), Litecoin (-3.8%), EOS (-3.6%) and Stellar (-2%)

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

US$10k is the 'new normal'

Bitcoin's has established… click for more

Bitcoin up 9.5% in August, 30-day volatility down 50%


Bitcoin AU$16,025, insured crypto custody, 25 million retail buyers

20 Aug 2019 15:00
Independent Reserve Trading Desk

Market Update 14th – 20th August 2019

Welcome back to another Australian crypto market update.

In Markets

After a rollercoaster week in which US/China trade tensions eased and share markets plunged over fears about "the inverted yield curve", Bitcoin dipped as low as $14,100. It’s since staged a remarkable recovery thanks to Bakkt (see below) and is currently above $16,100; down 4.26% since this time last week. While the current trend is upwards, the top ten are all down on seven days ago: Ethereum (-4.4%), XRP (-6.4%), Bitcoin Cash (-2.5%), Litecoin (-10.2%), EOS (-9.6%). Stellar is down 4.7%.

Source: Independent… click for more

Bitcoin AU$16,025, insured crypto custody, 25 million retail buyers