Scheduled Maintenance Complete – All systems operational

1 Sep 2019 18:00

Scheduled Maintenance Complete – All systems operational


Sched. Maintenance: 1 Sep 14:00 UTC+10. Expect 4 hour outage

30 Aug 2019 14:00

Sched. Maintenance: 1 Sep 14:00 UTC+10. Expect 4 hour outage


Scheduled Maintenance Complete – All systems operational

28 Jul 2019 17:30

Scheduled Maintenance Complete – All systems operational

In the Media

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… 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


Independent Reserve Highlights from 2018

20 Dec 2018 09:42
Nicholas Fletcher, Customer Experience Officer

As we approach the end of 2018, we thought it perfect timing to share highlights and some of our favourite moments from the year:


We launched our exclusive tax tool developed by KPMG. The tool plugs directly into the user interface allowing traders to estimate tax obligations at the click of a button.


Independent Reserve made its debut at #17 in the prestigious Australian Financial Review Fast Starters List and became the first cryptocurrency firm to do so. The annual feature picks out the 100 fastest growing startups in Australia.


COO of Independent Reserve, Lasanka Perera was recognised as a Fellow of the Australian Digital Commerce Association (ADCA) at Parliament House. Australian Senator Jane Hume and other dignitaries hosted this special event celebrating the leaders driving change in the blockchain industry.


We launched IR Ventures, Sydney's largest blockchain innovation hub. IR Ventures will invest in and support up to 24 companies in early commercialisation stages as well as those building blockchain and fintech solutions in our burgeoning industry.


The SMSF Summit welcomed Independent Reserve to showcase what we do in a number of capital cities. Self-managed super funds… click for more

Independent Reserve Highlights from 2018


Bitcoin cash (BCH) deposits and withdrawals re-enabled

1 Dec 2018 13:09
Nicholas Fletcher, Customer Experience Officer

Independent Reserve has now re-enabled BCH deposits and withdrawals. As mentioned in previous announcements, for now we are only supporting the Bitcoin Cash ABC side of the fork. We will continue using the BCH ticker for this. You may now deposit and withdraw BCH to your IR deposit wallet. Any deposits made while deposits were disabled will now be credited to your account.

While the network is still volatile, Independent Reserve will be requiring 11 confirmations before crediting BCH deposits. BCH withdrawals will depend on the wallet you’re sending to.

If you have any questions, please send us a message through our secure Support system.

Bitcoin cash (BCH) deposits and withdrawals re-enabled


Independent Reserve launches Sydney's largest blockchain hub

26 Nov 2018 10:15
Winston Su, Marketing Director

Independent Reserve, the largest Australian cryptocurrency exchange, has today announced the launch of a blockchain innovation hub and coworking space in Sydney. Known as IR Ventures, the 280 square metre site is located at Level 32, 100 Miller St in North Sydney.

Confirmed tenants include peak industry body the Australian Digital Commerce Association (ADCA) and social enterprise blockchain company Genereos. An abundance of support and opportunities will be available for tenants until they are ready to expand beyond IR Ventures.

Mentors involved with IR Ventures include Independent Reserve CEO Adrian Przelozny and other members of the executive team, Mike Bacina of law firm Piper Alderman, Martin Rogers of venture capital firm KTM Ventures, research and development advisor Nick Falzon of PKF, and Paul Kang, co-founder of application security startup Entersoft.

Commenting on the announcement, Independent Reserve CEO Adrian Przelozny said the launch demonstrated his company’s commitment to helping nurture the next wave of blockchain startups in Australia and unlocking their potential.

“When we founded Independent Reserve in 2013, the blockchain ecosystem in Australia was non-existent; we knew something had to change. We had a vision of helping accelerate blockchain innovation in Australia which underlines our core purpose at Independent Reserve –… click for more

Independent Reserve launches Sydney's largest blockchain hub

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


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


Bitcoin dominates. Will Brexit cause price breakout?

13 Aug 2019 15:00
Independent Reserve Trading Desk

Market Update 7th – 13th August 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin is down 5% for the week but up 6% over the past month. Bitcoin dominance (ratio of bitcoin market capitalisation to alt coin market capitalisation) is up to levels not seen since May 2017. 'Altseason' looks further away than ever with the top ten coins heading backwards this week. Ether dropped 8%, Ripple lost 5%, Litecoin (-9%), and Stellar (-5%).

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

Litecoin Halving

If you're banking on a big increase in the Bitcoin price following the halving next year, it's worth taking a critical look at the Litecoin price, post halving. It's down 12% over the course of… click for more

Bitcoin dominates. Will Brexit cause price breakout?


Financial markets in turmoil, Bitcoin up 17%

6 Aug 2019 15:00
Independent Reserve Trading Desk

Market Update 30th July – 6th August 2019

Welcome back to another Australian crypto market update.

With stock markets around the world falling - $38 billion was wiped from the ASX yesterday - this week's spike in the Bitcoin price has reinforced its value as a hedge against distress in traditional markets. Bitcoin has outperformed the S&P 500 by a factor of ten so far this year.

In Markets

It's been a massive week for Bitcoin after a rocky July, with the number one cryptocurrency increasing 24% over the past week to trade above $17,400. It's up more than $1200, or 7.7%, in the last 24 hours alone. Altcoins are also rising, albeit more slowly: Ethereum is up 11.2% this week, Ripple (4.8%), Bitcoin Cash (13.3%), click for more

Financial markets in turmoil, Bitcoin up 17%


Could negative interest rates push Bitcoin to $100k?

30 Jul 2019 15:00
Independent Reserve Trading Desk

Market Update 24th – 30th July 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin is down 7.4% over the past week (and 20% over the past month) to $13,665. As of Friday, 58% of traders on CME's futures market were betting the Bitcoin price will go down further. Interestingly, the whales are on the move today with 318,649 Bitcoin worth $4.3 billion, moved between wallets. What are they up to? The only bright spot in the top ten this week was EOS which gained 2.9%. Everything else was down. Ethereum (-2.2%), XRP (-3%), Litecoin (-3.8%), Bitcoin Cash (-0.5%). Stellar lost 5.5%.

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

The big picture

click for more

Could negative interest rates push Bitcoin to $100k?


Bitcoin Consolidating, Exchange of the Year

24 Jul 2019 15:00
Independent Reserve Trading Desk

Market Update 16th – 24th July 2019

In Markets

The markets remain volatile - earlier this morning Bitcoin was around $14,500 but has since plunged to around $13,950 at the time of writing. The top ten altcoins are all in the green this week, after a month in which they pulled back by around a third each. Ethereum is up 2.11%, Ripple (2.8%), Litecoin (11.3%), Bitcoin Cash (2%), EOS (11.25%) and Stellar (5.6%).

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

Independent Reserve is the Aussie Exchange of the Year

Independent Reserve won Digital Currency Exchange… click for more

Bitcoin Consolidating, Exchange of the Year


Bitcoin is 'a store of value' like gold - Federal Reserve Chairman

16 Jul 2019 15:00
Independent Reserve Trading Desk

Market Update 9th – 16th July 2019

Welcome back to another Australian crypto market update. The US President, Congress, Federal Reserve and Treasury all weighed in on Bitcoin this week. If nothing else, it shows the original cryptocurrency has well and truly entered the mainstream.

In Markets

It's been a week of pullbacks across most crypto markets. A week ago we touched AU$19,000 before a series of drops saw BTC plunge back to a little over $14,000 yesterday. Since then a mini recovery has seen us back up to $15,900. BTC dominance is at 66%, the highest since April 2017. Bitcoin was actually the best performing currency in the top ten - it's only down 11.3%. Most altcoins are down 21% (XRP) to 36% (Bitcoin SV). Ethereum lost 25%, Litecoin down 25%, Bitcoin Cash down 24.3% and Stellar lost 18.%. Despite the correction this week, Bitcoin's price is still up 100% since the exit of the… click for more

Bitcoin is 'a store of value' like gold - Federal Reserve Chairman


Bitcoin breakout, trading at A$18,000

9 Jul 2019 15:00
Independent Reserve Trading Desk

Market Update 2nd July – 9th July 2019

Welcome back to another Australian crypto market update.

In Markets

Since dipping to $14,000 last Tuesday, Bitcoin spent much of the week in the $16,000s before making a sharp 7% gain over the past 24 hours to trade above $18,000 (at the time of writing). Bloomberg is now tipping "a breakout". Ethereum is up almost 9% over the week, as rumours abound that CME will soon launch an ETH futures market. XRP gained 1% and the rest of the top ten were all up, LTC (3.32%),… click for more

Bitcoin breakout, trading at A$18,000


Bitcoin's exciting week!

2 Jul 2019 15:00
Independent Reserve Trading Desk

Market Update 25th June – 2nd July 2019

Welcome back to another Australian crypto market update.

In Markets

It's certainly been an exciting week on the markets, with meteoric gains wiped out just as quickly with swift plunges. Early Thursday morning Bitcoin looked like it was about to break $20,000, but then plunged more than $2000 in a matter of minutes after Coinbase and Robinhood went offline. It's bounced around since and at the time of writing was around $14,900 (and falling). Crypto media has been talking a lot recently about the impending 'altseason' but it's not apparent in the sea of red for the top ten this week. Ethereum was down 5.4%, XRP (-12.5%), LTC (-9.6%), BCH (-12.9%) and EOS (-16.8%). Stellar lost 17.5%, while OMG and BAT bucked the trend to gain 2.6% and 1.4% respectively.

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

Total perspective vortex

To put the current correction into context, research from 99Bitcoins shows that… click for more

Bitcoin's exciting week!


Bitcoin breaks A$16,000, insto driven

25 Jun 2019 15:00
Independent Reserve Trading Desk

Market Update 19th – 25th June 2019

Welcome back to another Australian crypto market update.

In Markets

Facebook’s Libra coin announcement appears to have lit a fire under Bitcoin, with the cryptocurrency up almost 19% this week to $16,000, and attracting mainstream coverage on ABC and Bloomberg. The widely held belief in the crypto sector is that Libra will usher in millions of new crypto users over the coming years. The 24 hour crypto volume hit $123 billion on Sunday and the total crypto market cap peaked at $482 billion on Monday. BTC dominance is at 59.4%. Bitcoin's 170% gain so far this quarter is the best second quarter on record and the highest percentage gain since the ATH. However, alt-season doesn’t seem to have arrived just yet - though most of the top ten increased this week. Ethereum was up 14%, XRP added 5.5%, Litecoin (2.3%), Bitcoin Cash (10.9%), EOS (2.3%). Stellar lost 1.1%, BAT lost 6.6% but OMG… click for more

Bitcoin breaks A$16,000, insto driven


Bitcoin 13-month highs, volumes strong, Facebook coin

18 Jun 2019 15:00
Independent Reserve Trading Desk

Market Update 11th to 18th June, 2019

Welcome back to another Australian crypto market update.

In Markets

It's been another exciting week with Bitcoin up more than 17% to hit 13 month highs above $13,600. The leading crypto was on a steady upwards trajectory even before Sunday's sudden $800 spike brought BTC's total gains for the year to around 150%. Theories abound for the spike: was it about Facebook, Binance, institutional investors or Hong Kong? Whatever the reason, it all adds up to a very bullish picture and the Omenics Sentiment Score for Bitcoin is at 7.5 (very positive). Alts also had a run up this week: Ethereum was up 11.4%, XRP (12%), Litecoin (5.4%), Bitcoin Cash (10.2%), EOS (11.4%), Stellar (6.1%) and OmiseGo (3%).

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg.

In Headlines

Bitcoin's fundamentals looking good

The Bitcoin network hash rate hit a new all-time high on Friday of 62 million tera hashes per second (TH/s), just surpassing the… click for more

Bitcoin 13-month highs, volumes strong, Facebook coin


Bitcoin range trading, transaction volumes up

11 Jun 2019 15:00
Independent Reserve Trading Desk

Market Update 5th – 11th June 2019

Welcome back to another Australian crypto market update.

In Markets

Is this the correction we had to have? Bitcoin's price dipped below $11,000 a few times this week, but has recovered to now be trading above $11,400. It’s down 4.3% for the week, but up 10% on a month ago. The upcoming halving helped push Litecoin to its best price since May 2018 – it’s up 16.2% this week to $184. Everything else is marginally down over the past seven days: Ethereum lost 4%, Ripple (-8%), Bitcoin Cash (-5.3%), EOS (-8.7%), Stellar (4.9%) and OmiseGO (-5.3%).

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

Bitcoin and Ethereum transactions up

There were 1.3 million Bitcoin transactions over the past week worth $14.7 billion - up 5.71% on the week before. The average transaction size increased 3.36% to $6,224. Analysis last week by Brave… click for more

Bitcoin range trading, transaction volumes up