Scheduled Maintenance Complete – All systems operational

12 May 2019 16:00

Scheduled Maintenance Complete – All systems operational


Sched. Maintenance: 12 May 14:00 UTC+10. Expect 4 hour outage

9 May 2019 14:00

Sched. Maintenance: 12 May 14:00 UTC+10. Expect 4 hour outage


Scheduled Maintenance Complete – All systems operational

22 Apr 2019 17:00

Scheduled Maintenance Complete – All systems operational

In the Media

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


Bitcoin cash (BCH) fork update

23 Nov 2018 10:15
Nicholas Fletcher, Customer Experience Officer

We have been closely watching the BCH landscape, both in how the two blockchains are developing, and how the community is reacting. As we originally announced, we will initially be supporting the ‘Bitcoin Cash ABC’ blockchain, and we will be referring to this as ‘Bitcoin Cash’ with the ticker symbol ‘BCH’.

BCH deposits and withdrawals will remain disabled for the time being as the network hashing power remains volatile and there is an ongoing risk of blockchain reorgs which could reverse transactions. We are hoping to re-enable deposits and withdrawals for BCH (ABC) in the coming week.

Regarding the ‘Bitcoin Cash SV’ blockchain, we are considering crediting customers with ‘Bitcoin Cash SV’ balances, matching their BCH balances at the time of the fork, and allowing these to be withdrawn from Independent Reserve. Before this can happen, the ‘Bitcoin Cash SV’ network needs to stabilise and reliable infrastructure such as wallets and block explorers need to emerge in the community. This may take several months. As always, the safety of client assets held within Independent Reserve remains our highest priority.

As always, if you have any questions please send them through our Support system.

Bitcoin cash (BCH) fork update


Independent Reserve launches exclusive Tax Estimator by KPMG

15 Nov 2018 14:27
Winston Su, Marketing Director

KPMG Australia and Independent Reserve, the largest Australian cryptocurrency exchange, today announced the launch of a new tool to help the traders of cryptocurrencies better understand their tax liabilities.

The Crypto Tax Estimator developed by KPMG is a digital tool that plugs directly into Independent Reserve’s user interface, allowing traders to estimate tax obligations on their portfolio all with just the click of a button.

For full story on Computer World, read here

Independent Reserve launches exclusive Tax Estimator by KPMG


Bitcoin Cash (BCH) fork timing

14 Nov 2018 10:10
Nicholas Fletcher, Customer Experience Officer

We would like to remind all customers that a BCH protocol upgrade is scheduled to occur in the early hours of Friday morning, Sydney time. Note – this does NOT relate to Bitcoin (XBT), it relates to the cryptocurrency Bitcoin cash.

As there are two competing proposals, a split in the BCH blockchain will likely occur.

BCH trading will remain available at Independent Reserve with no interruptions, however, we will pause BCH deposits and withdrawals at 9pm Sydney time, November 15. Please ensure that all your BCH deposits and withdrawals have been completed before this time.

BCH deposits and withdrawals will remain disabled until one of the competing blockchains wins majority support and general consensus in the BCH community and the blockchain is stable. We do not know how long that will take, so a long suspension is possible. Be assured that your BCH will remain safe during the fork.

Independent Reserve will exercise its own discretion in deciding which proposal’s chain to support after the fork and will do so with consideration to what is best for our customers whilst maintaining security of all client funds held within our wallets.

Customers who would like to have the option to claim coins on alternative… click for more

Bitcoin Cash (BCH) fork timing

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


Crypto Spring In Full Bloom

21 May 2019 16:00
Independent Reserve Trading Desk

Market Update 15th – 21st May 2019

Welcome back to another Australian crypto market update.

In Markets

Bitcoin ended the week pretty much as it began - hovering around the $11,500 mark. That’s despite a worrying plunge of more than $1000 over the weekend. Bitcoin is now up by 50% over the past month. Altcoins have also begun to rise: Ethereum is up by a quarter in the past week, Ripple XRP rose 17%, Bitcoin Cash was up by 5%, EOS was up 9%, Litecoin rose 1.6% and Stellar was up by a third. The latest coins added to Independent Reserve are all up too: BAT was up by 1%, OMG increased 12.9% and Golem spiked 20%. CryptoCompare’s April exchange report shows that crypto to fiat exchange volumes have increased by 85%.

Crypto Spring in full bloom

In Headlines

Trade war fuels Bitcoin’s rise

A number of analysts have suggested the US China trade war played an important role in Bitcoin’s recent price spike,… click for more

Crypto Spring In Full Bloom


Bitcoin up 40% Instos marching in

14 May 2019 15:00
Independent Reserve Trading Desk

Market Update 7th – 14th May 2019

What a week! We haven't seen price action like this since the start of the last bull run. And if you're reading this, you're in pole position to take advantage of it. For those who began investing after the last big upswing, it's been easy to feel as if you missed the boat. But the institutional investors are only now starting to arrive in big numbers. So strap yourself in - this really is just the beginning.

In Markets

It's been a thrilling ride as Bitcoin gained more than 40% across the past week to levels last seen in July 2018. Around the middle of last week, Bitcoin was trading at $8,200 before steadily increasing to $9,000 by the early hours of Saturday morning. Then it took off like a rocket, up 20 percent by Sunday evening. There was a brief pause and then it took off again, to surge above $11,500 (US$8,000) on Tuesday… click for more

Bitcoin up 40% Instos marching in


Bitcoin and crypto surging in 2019

7 May 2019 12:00
Independent Reserve Trading Desk

Market Update 1st May - 7th May 2019

When Independent Reserve was launched in 2013, the team set out to provide a pro-regulation platform for Australians to securely trade, invest and hold cryptocurrencies. Over the last few months with the crypto markets putting in a strong showing, we are pleased to report that our approach and expertise have enabled over 100,000 clients to invest in cryptocurrencies with confidence while benefiting from numerous trading features we have built. In this email, we would like to introduce our periodic market update from the IR Trading Desk to keep you informed about the most significant crypto market news.

In Markets

After successive months of strong gains from crypto, all signs suggest the markets have finally emerged from the crypto winter. Spring appears to have sprung with the price of Bitcoin surging by 7.6 percent on Friday to establish a new high for 2019 above $8400. The king of crypto has staged a remarkable 82 percent recovery so far this year. A few hours before the price spike, Factor Trading author Peter Brandt tweeted his prediction that BTC will soon hit US$19,800. The surprising part of the price spike is that it comes a midst fear, uncertainty… click for more

Bitcoin and crypto surging in 2019


Steady inflows into crypto, fund holdings up 40%

1 May 2019 12:00
Independent Reserve Trading Desk

Market Update 24th April - 1st May 2019

Welcome back to another Australian crypto market update.

Crypto prices may have been volatile this week, but the fundamentals are looking stronger than ever, with institutional money pouring into the space and two major traditional US financial platforms set to offer crypto trading.

In Markets

The markets have had a rocky week in light of the most recent allegations of impropriety by Bitfinex and Tether. On Thursday night Bitcoin dropped sharply from $7,833 to $7,263 in the space of just 90 minutes. As of today (1 May), BTC has climbed and it’s now back trading around $7,570. The combined crypto market cap has also mostly recovered the $14 billion drop on Thursday, 25 Apr. Ethereum is currently at $230 (up 5.74% from last 24 hours) and Ripple $0.43, up 6.5% from the same period. Further gains from last 24 hours - EOS is $6.94 up 10.3%, BCH is… click for more

Steady inflows into crypto, fund holdings up 40%


Bitcoin nearing 8k AUD, bulls moving in

23 Apr 2019 15:00
Independent Reserve Trading Desk

Market Update 17th April - 23rd April 2019

Hello and welcome to another market update.

In Markets

There was mixed news in the markets this week, though positive sentiment dominated. Bitcoin increased to almost AU$ 8,000, Ethereum rose by 2%, Ripple flatlined, Bitcoin Cash went backwards to the tune of 9%, Litecoin dropped 8% and Stellar lost 5%. Binance Coin was the big winner (again) and shot up another 25% off the back of Binance launching its own blockchain. It brings its total this year to an astonishing 300% plus, topping its January 2018 ATH. The Mayer Multiple (MM) Indicator, which signalled the bottom of the last downturn, is flashing once more. And the 14 week RSI is hovering around 53 to 55, which is pretty bullish. Even UBS thinks the market has turned, but don't get too excited – the company suggests it may be 22 years before we see a new ATH.

In Headlines

Bitcoin outperforms other asset classes

Thanks to its epic rally a couple of weeks ago, Bitcoin has… click for more

Bitcoin nearing 8k AUD, bulls moving in


Bitcoin SV drama, ETH's daggy dance

16 Apr 2019 15:00
Independent Reserve Trading Desk

Market Update 10th April - 16th April 2019

Welcome back to another Australian crypto market update.

In Markets

Last week's big gains haven't continued - but the good news is there hasn't been a major correction either. Bitcoin is holding above $7000, having lost 3.6% over the week. Ethereum, Ripple XRP and LTC all lost around 10%. EOS was down 2.3% while Stellar went backwards to the tune of 13%. In positive news, the Bitcoin Misery Index hit 89 over the weekend. Historically speaking any score above 67 has only been seen during a bull market.

Not a dull moment. The ridiculous drama of BSV.

In Headlines

Well that… click for more

Bitcoin SV drama, ETH's daggy dance


BTC pumping, LTC halving, Stellar on IR

2 Apr 2019 16:00
Independent Reserve Trading Desk

Market Update 3rd April - 9th April 2019

Welcome back to another Australian crypto market update.

What a difference a week makes. In our last newsletter we asked: 'Is Bitcoin on the cusp of a major breakout?' About an hour after the email hit inboxes, there was a 20% spike in the BTC price. There's been plenty of speculation about the reasons behind the massive jump - some cite large short positions being liquidated, while others point to a good technical setup. We prefer to think of it as the price finally catching up with the fundamentals. The Lightning Network has begun to prove itself, regulations are improving, there's money flowing in from funds and the institutional infrastructure is being refined. It all adds up to a pretty bullish picture from where we're sitting.

In Markets

BTC is up 27% over the past seven days to be sitting just under $7400 - the best price for more than 4 months. Some altcoins are doing even better - ETH booked a 27% rise, XRP is up 14%,… click for more

BTC pumping, LTC halving, Stellar on IR


Markets on the cusp? Fresh flows into crypto

2 Apr 2019 15:00
Independent Reserve Trading Desk

Market Update 27th March - 2nd April 2019

Welcome back to another Australian crypto market update.

March was a very positive month on the markets, with the top ten all in the green apart from XRP, down 1.5%. Bitcoin was up almost 7% over the month, ETH finished up 6%, and there were big gains to be had trading EOS (up 19%), LTC (up 25%) and BCH (up 30%).

In Markets

Is Bitcoin on the cusp of a major breakout? The crypto major hit a 2019 high this week following an April Fool's Day surge of 1.6%. BTC is currently sitting just above $AU5,848, and finished the week up 4.7%. Ethereum ($AU199.49) is up 5.1% this week, EOS ($AU5.90) increased 14.9%, LTC ($AU85.35) up 1.9% and BCH ($AU235.78) closes the week 4.4% higher.

Is Bitcoin on the cusp of a major breakout?

In Headlines

Bithumb Hacked Again

Cryptocurrency exchange Bithumb has reportedly been hacked for a second time in less than a year, with attackers making off with 3 million EOS and 20 million… click for more

Markets on the cusp? Fresh flows into crypto


Crypto Softer, EOS On IR, Mining Heating Up

27 Mar 2019 15:00
Independent Reserve Trading Desk

Market Update 20th - 26th March 2019

In Markets

Crypto markets continued to tread water with Bitcoin ($AU5,552) closing the week 3% down on where it began. Most of the top ten were marginally in the red over the past seven days with Ethereum ($AU189) down 3.9%, Ripple XRP ($AU0.42) retreating almost 4.7%, Litecoin ($AU83.30) down 1.8% and EOS ($AU5.21) falling 2.6%. Bitcoin's market dominance has fallen to a shade above 50% - the lowest point since August last year. Google Trends also show that searches for Bitcoin are at their lowest point since April 2018. Is this a sign that the link between BTC and altcoin prices is finally going to break, or just more statistical noise?

New - EOS listing on Independent Reserve

In Headlines

EOS now on Independent Reserve

Listening to the strong Australian community, we became the first Australian orderbook exchange to list EOS early this week (Tue, 26 March). EOS teams and block producers in Australia can now sell locally… click for more

Crypto Softer, EOS On IR, Mining Heating Up


Daily Bitcoin trading volume highest in almost a year, AFR interviews IR

19 Mar 2019 15:00
Independent Reserve Trading Desk

Market Update 12th - 19th March 2019

In Markets

Daily trading volume for Bitcoin hit $15.5 billion on March 15, the most observed in a 24 hour period since April 25 last year. The total market cap of all crypto also topped $197 billion for the first time in 2019. Unfortunately BTC is still having trouble breaking out above $5600 - the psychological US $4000 mark. It's pretty much bang on that mark today having gained 3.4% on the same day last week. Bitcoin Cash was this week's star performer, gaining a quarter in value. In fact, all of the top ten were in the green - ETH was up 4.5%, XRP (1.4%), and LTC (9.5 percent).

 

In Headlines

Independent Reserve's take on proposed new ICO regulations

Our Head of Risk Duncan Tebb spoke to the AFR last week about our response to the Federal Government's plans to implement a new regulatory framework for Initial Coin Offerings (ICOs). One of Independent Reserve's key recommendations include amending the existing regime by providing… click for more

Daily Bitcoin trading volume highest in almost a year, AFR interviews IR


World's biggest blockchain ETF launched, IEO the return of the ICO?

14 Mar 2019 07:00
Marcus Ochmann – Head of OTC Trading

Market Update 7th - 12th March 2019

In Markets

Bitcoin and Ethereum both finished the week in positive territory, up 3.9% and 4.6% respectively. But it was Litecoin that was the star performer, surging 18.1% over the course of the past seven days. Some suggest this is due to increased awareness of Litecoin's upcoming 'halving' in August when mining rewards will drop from 25 LTC to 12.5 LTC, thereby reducing the supply. Ripple (XRP) traded sideways this week, finishing 1.3% up on where it began, as did Bitcoin Cash which marginally improved its position by 2.78%.

 

COO Lasanka Perera front and centre on the Crypto Sydney Panel on Tuesday.

 

In Headlines

Facebook’s new crypto currency could vastly deepen interapp operability

It’s hard to predict exactly what Zuckerberg and his cronies have planned for the new Facebook cryptocurrency. He might cop a bit of flak for dogging the Winklevoss twins but you can't deny he is one shrewd operator. The coin makes sense. Facebook, Instagram and WhatsApp are all juggernaut platforms in their own right. With a common digital currency layered over all three, a lot of possibilities open up. Facebook Marketplace, a… click for more

World's biggest blockchain ETF launched, IEO the return of the ICO?


Facebook to launch own coin, Bitcoin whales are buying

7 Mar 2019 07:00
Independent Reserve's trading desk

Market Update 28th Feb - 6th March 2019

Welcome back to another Australian crypto market update.

February finally saw some green shoots of hope, with Bitcoin pulling out of its six month long losing streak finishing the month up 11.2%. With transactions at a 12 month high, can the market leader finally break out above AU$5,500? Altcoins surged last month too, with Ethereum up by nearly a third, EOS by 55%, Litecoin by 48% and the Binance Coin by 70%. Tron was the only coin in the top ten in the red, pulling back 13%.

In Markets

This week was less positive however, with Bitcoin trading sideways for most of the week, until Monday's market pullback saw it lose a couple of percentage points to finish the week down 3.2%. … click for more

Facebook to launch own coin, Bitcoin whales are buying


Independent Reserve - Australian Treasury Response

28 Feb 2019 11:00
Winston Su, Marketing Director

Independent Reserve's response to the Australian Treasury Issues Paper: View the PDF here

Independent Reserve - Australian Treasury Response


Well endowed Uni funds up investment as Huobi Aus pulls out

26 Feb 2019 07:00
Marcus Ochmann – Head of OTC Trading

Market Update 19th - 26th February 2019

Welcome back to another Australian crypto market update.

Plenty of volatility again this week. Some are pointing to the scheduled Ethereum hard fork (read more here about how it may affect your trading on IR) as the main driver in prices over the past couple of weeks. I'm not sure if I'm convinced, but there hasn't been any other obvious news piece to explain the rally. Nor was there a catalyst for the sell off we saw on Sunday. I think market participants are back and whilst volumes are still relatively thin, it doesn't take a lot to move prices around. I see this volatility as a positive sign that life blood is finally returning to our market.

 

In Markets

Volatile price action

To give you an idea, at one point ETH was up ~19%, only for it to aggressively sell off on Sunday night and close -7% down for the week. It wasn't just ETH, most of the market got crushed. BTC fell ~10%, wiping its weekly gains and closing flat for the week. XRP perhaps saw the biggest swings this week, rallying 4% during the week before it too crashed ~10%… click for more

Well endowed Uni funds up investment as Huobi Aus pulls out